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Don’t these companies have investments in commercial real estate? I would expect Dell to own their HQ buildings.
by mulmen 2y ago
Don’t these companies have investments in commercial real estate? I would expect Dell to own their HQ buildings.
- ryandrake 2y agoWe can check their balance sheet. Dell doesn't even report "Land and Improvements" anymore. The last time they did in 2021, it accounted for ~3.8% of their total assets--a tiny drop in the bucket. Take Apple, who just built their spaceship campus: Land and Improvements is ~6.6% of their assets. Google, who own most of Mountain view are ~18% real estate. So, I suppose maybe that tail is wagging the dog... For some companies?