IGR is pretty cheap here vs NAV compared to the last few months when it was around 3-4% discount to NAV. Combined with the 8.4% dividend it makes for a very nice entry point with global markets in reflationary mode and REIT's continue to heal.

Compared to the paltry dividends of BXP (3.2%) and SLG (1%), IGR dividend is so attractive. Throw in the discount to NAV and it just seems like a move towards
$7.00-7.25 is quite reasonble to expect.