Newlay Capital - Is That Really Worth It?

Newlay capital is a company that trades out a huge discount to ip r. The reason for the discount is because ip r was the last canadas reate to be allowed to trade on the big exchanges. Newlay capitals trading around thirt up 20 times, 18 times o real estate earnings. They still 100 million dollars of cash they rase from the ipo. If you assume that they deploy atth, their average portfolio capprage is 12 and a half per cent.