Tower Properties: GAAP Accounting Hides True Asset Value - TPRP
alluvial.substack.com
The ranks of unlisted stocks include several real estate companies. I've been reviewing these with interest, on the thesis that the combination of low visibility and the difficult accounting of real estate firms often results in unjustifiably low valuations. Sure enough, it often does.
Tower Properties: GAAP Accounting Hides True Asset Value - TPRP
Tower Properties: GAAP Accounting Hides True…
Tower Properties: GAAP Accounting Hides True Asset Value - TPRP
The ranks of unlisted stocks include several real estate companies. I've been reviewing these with interest, on the thesis that the combination of low visibility and the difficult accounting of real estate firms often results in unjustifiably low valuations. Sure enough, it often does.