@297.39, yday closing price, for 31.2% tax bracket (30% plus 4% sucharge), the Embassy POST-TAX yield is about 6.88% (for same measure, comparison across invits and reits…indigrid 7.11, IRB 8.67%, PG invit 7.27 (higher RoC declared yday), Mindspace 5.82, Brookfield 6.27 (all based on preceding 4 Qtrs Distribution), nexus (based on projections) 6.88)…so, pick your bets…
Pl note that the tax and surcharge bracket is a very, very important factor and any minor change in that will tilt the numbers.
Who has given committed guidance on Distribution, going ahead? Visibility, track record, confidence looks good in Indigrid ; IRB looks like flat to very mild increase in distribution, unless Janta decides to be on the road, every day of the year, in their project areas !!..PG Q4 results came yday and I have to do some more due diligence… On the REITS front, Embassy has stayed away from guidance (this plus their other problems of non-stop sales in bulk) has pulled it down to a life time low, below the IPO price of 300…
PS – Adding Embassy since 310 but cringing everyday, looking at the hemorrhagic pattern
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