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Phaedrus77

07/04/18 9:36 AM

#8 RE: Enterprising Investor #7

I think BV for common is closer to $37.50. The $49.78 includes the preferred stock issued to DDR.

I’m seeing $696 milion of equity and ~18.5 million shares. I could be missing something though.

Enterprising Investor

07/04/18 10:51 AM

#9 RE: Enterprising Investor #7

[From the Department of Corrections]

Book value was $37.63 at 3/31/18.

Pro Forma equity detailed at $696.2 million with a projected 18.5 million shares outstanding. The actual numbers will probably be different looking back.

My earlier number incorrectly included the $190 million in mezzanine equity. Shame on me.

I don't drink coffee. Maybe I should have a cup this morning?

Sorry for any confusion.