Good news for McDonald's Operators since activist investors want to fiddle with
the McDonald's franchise business model.
Good news for Oak Brook since it would be a PR disaster if investors were allowed
to examine the McDonald's real estate portfolio and the secret REIT(s) that have
been created over the years.
IRS questions tax-free real estate spinoffs; could affect restaurants - NRN
.
2 comments:
When analysts and investors speak of "monetizing" McDonald's real estate it only means one thing - raising Operator's rent. Most assume McDonald's franchisees pay below market rents that do not reflect the current value of the real estate.
Anonymous has left a new comment on your post "Good For Both McDonald's Operators and Oak Brook":
Having a third party involved in the real estate would really mess things up. We already have a problem with pleasing stockholders and o/os and then to add in real estate investors would be a problem.
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