Earnings PotentialShares trade at a discount compared to net-lease REITs due to limited upside from deployment and continued portfolio repositioning measures, likely limiting earnings growth potential.
Economic SensitivityThe portfolio is sensitive to potential negative economic changes, growth prospects trail peers, and movie industry sentiment remain mixed, suggesting the valuation discount is fair.
Industry ImpactMuch of the downside in box office sales is attributed to the writers' and actors' strike in 2023, which brought the movie industry to a standstill and delayed numerous productions.