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  "documentTitle": "Six Flags Entertainment Corp. (SIX)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Land & Buildings",
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  "presentationDate": "2022-12-01 00:00:00",
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  "notes": "The slide uses a standard real estate sale-leaseback valuation methodology to derive implied equity value.",
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      "text": "Six Flags sum of the parts suggests a potential double by 2024",
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      "text": "Six Flags sum of the parts suggests a potential double by 2024. Conservatively underwriting SIX real estate at a 7.25% cap rate. SIX operator multiple of 7x. Any operational upside can significantly enhance return potential.",
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      "text": "L&B Est. NAV/share: $53.45",
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      "text": "Note: All amounts in $000's other than per share numbers, multiples and percentages",
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      "text": "OWNED REAL ESTATE LIKELY WORTH MORE THAN CURRENT SIX ENTERPRISE EQUITY",
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      "kind": "title",
      "text": "PROPCO/OPCO UNLOCKS SUBSTANTIAL VALUE",
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