SGP +2.44%: Released a Q3 trading update this morning with operations inline with expectations and they reconfirmed full-year guidance for both funds from operations (FFO) of 35.1-35.6c and distribution per share (DPS) of 75-85% of FFO. If we price SGP on a cap rate of 5.5% and a P/E multiple of 11.5x, it should be worth ~$5.10.
MM are bullish SGP having recently added it to the Income Portfolio
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