5% Yielder Trading At A Significant Discount To Peers

When it comes to average quality of assets, this company wins first place. It is down quite substantially and has been underperforming. I believe the stock trades at a dramatic discount to the fair value of their assets. The REIT should continue to see NOI (net operating income) grow, FFO (funds from operations) grow, and dividends grow for the foreseeable future.

Let’s take a look at Taubman Centers (TCO). I’ve been working on researching TCO the last couple of weeks. If prices remain roughly steady with where they are around $50, TCO is a good investment. CO is another mall REIT. They operate almost exclusively with very high-end properties. That bottom line is showing that TCO has a massive 22% of the malls rated “A++”. This is pretty huge given their size. When it comes to average quality of assets, TCO wins first place.

Source: Seeking Alpha

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