CTP delivered a good Q3 result. NTA per share up 10.1% to €17.52 and EPRA earnings per share up 11.7%. The market does not like the results. It probably has something to do with the continued investments in the landbank and economic worries. Lot of worries on the call on potentially lower demand going forward. I'm looking at increasing my investment. Anyone a different take on CTP?
That is certainly the case, but if someone is paying full price for the development potential I will most likely take some money of the table (40% above current market cap). Good thing is the price target is rather quickly in the right direction. Last year the value of the real estate increased 15%.
CTP delivered a good Q3 result. NTA per share up 10.1% to €17.52 and EPRA earnings per share up 11.7%. The market does not like the results. It probably has something to do with the continued investments in the landbank and economic worries. Lot of worries on the call on potentially lower demand going forward. I'm looking at increasing my investment. Anyone a different take on CTP?
That is certainly the case, but if someone is paying full price for the development potential I will most likely take some money of the table (40% above current market cap). Good thing is the price target is rather quickly in the right direction. Last year the value of the real estate increased 15%.