“Our stock is once again stupid cheap,” Roth said. The company’s current stock price values its office buildings in the $500s per square foot, he said, citing Evercore ISI analyst Steve Sakwa. “With replacement cost in the $1,200-$1,400 per square foot range, that discount is a bell ringer. COVID-inspired work-from-anywhere has driven apartment occupancies down to the 70%’s and apartment rents down by 25%. That’s never happened before. Another bell ringer." https://lnkd.in/deGsrtD