Activist Investor Proposes Land Monetization to Boost Six Flags Stock by 130%
Land & Buildings Investment Management, an activist investor with a 2-3% stake in Six Flags Entertainment, has proposed a transformative move. The firm believes monetizing Six Flags' extensive land portfolio could significantly boost its stock price and unlock substantial shareholder value.
Land & Buildings estimates that if Six Flags' 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) recover to $1.1 billion, there's a potential upside of up to 130%. The activist investor sees an even more compelling opportunity now, with Six Flags' valuation near all-time lows, potentially leading to over 75% immediate upside based on 2026 consensus estimates.
The activist investor has suggested monetization methods such as spinning off the land assets into a real estate investment trust (REIT) or selling them outright. Land & Buildings believes this move could increase Six Flags' stock price by 50% or more, adding about $11 per share to its valuation. The proposals seem to be resonating with shareholders, despite Land & Buildings' small stake of roughly 2% in the company.
Land & Buildings Investment Management's proposals could significantly enhance Six Flags Entertainment's value, with potential upsides of 130% and over 75% based on different scenarios. The activist investor's suggestions, such as monetizing land assets through a REIT or sale-leaseback transactions, are gaining traction among shareholders.
