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This is space they already lease, so it's not just a speculative real estate play. If they plan on continuing to use the space long term, then the total cost o
by davey48016 5y ago
This is space they already lease, so it's not just a speculative real estate play.
If they plan on continuing to use the space long term, then the total cost of renting it might be higher than owning it.
To the extent that investors use EBITDA to evaluate stocks, getting rent off the books is probably good, too.