FoggyIsle.XYZ | Market's view on Phoenix Spree D

There is a strong demand for rental housing in the German capital, yet the shares of the investment company continue to decline due to limited interest from UK investors, potentially leading to a lost continuation vote next year.
Concerns about the transparency and honesty of property sale reports, suggesting that additional costs and taxes may be hidden from shareholders, indicating a much higher loss than reported.
Criticism of the property company’s management, suggesting that they are not adept at property management as evidenced by significant financial losses in a short period and poor share price performance.
Several stock watchers discuss the tax inefficiency of REITs, especially without a tax-efficient wrapper or favourable double taxation agreements (DTA), potentially dissuading investment.
It is highlighted that insider buying can be a key indicator of trust in REITs, and a lack of insider purchases suggests potential mismanagement or self-serving interests at the expense of shareholders.
The management fees of a property company are scrutinised, with calculations suggesting an excessive percentage of rental income goes to management fees, leaving little for dividends or reinvestment.
Critique of the property company’s board, suggesting they lack depth and possibly maintain artificially high property valuations to avoid triggering loan covenants.
Discussions about possible outcomes for the property company, including potential buyouts or forced liquidation due to poor fundamentals and lack of dividend distribution.
Personal investment stories and advice shared, focusing on the losses incurred due to management missteps and high fees relative to net asset value (NAV).