Logistics yield compression 'bottoming out", says Realogis report

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Credible

Always good to see realistic and objective commentary from people who are clearly in the market. Except where land values are a very significant part of the asset value, yields of 5.5% or below are unrealistic when one takes into account the building/tenant-value depreciation effect. Many erxisting logistics assets have negative land values, which should be a warning flag to investors.

Alan Patterson more than 1 year ago