Inland American Valuation Is $8.03 Per Share
I am traveling and completing research reports, so I will post more on this valuation over the weekend. Inland American announced this afternoon that an original $10.00 per share investment in the REIT is now worth $8.03. That is an amazing valuation. If you figure that 15% of the REIT's initial value was lost to offering costs, the REIT only lost about 5% of its value in the worst commercial real estate market in years. Who would have thought that the Inland American's focus on hotels and retail properties - two of the worst performing commercial real estate sectors during the slump - in 2006 through 2008 would have proved so prescient. Somehow Inland American eluded the decline in a commercial real estate market that has lost over 40% of its value from its peak.