Stock price when the opinion was issued
The company is more attractive than its stock. Global leasing is improving really dramatically, and this company is in the midst of that improvement. Stock has moved quite nicely and now trading at about 18X earnings. They don’t pay a dividend. He would rather play this on the other side, through a REIT, and get some distributions.
Office REITs are turning around. This one has rallied nearly 30% in 3 months, the world's largest office property manager. Last week, they reported a big top and bottom line beat.