McDonald’s Gains as Glenview’s Robbins Renews REIT Pressure

McDonald’s REIT Conversion Could Unlock $20B

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By Craig Giammona

March 23, 2015 at 5:42 PM UTC

Updated on

March 23, 2015 at 8:09 PM UTC

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McDonald’s Corp. shares rose after hedge-fund manager Larry Robbins said the fast-food chain could unlock at least $20 billion in value by converting to a real estate investment trust.

The stock advanced 1.6 percent to close at $98.62 in New York on Monday, the biggest single-day gain in almost a month. McDonald’s could trade at $169 if it improves its operations, including pursuing a REIT, Robbins, chief executive officer of Glenview Capital Management, wrote in a March 18 letter.