I had a look over this company after it was mentioned in the AFR this weekend.
There's a lot to like, but I agree with you about the CapRate. I just can't figure out how it's come down so far whilst rates are going up. Sure, there was some expectations that rates would drift lower, but that seems over-factored in even before that likelihood fell away.
Is there significant development value in a large portion of the land perhaps? Any other reasonable explanations?
I had a look over this company after it was mentioned in the AFR...
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Last
$1.15 |
Change
0.010(0.88%) |
Mkt cap ! $1.504B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.14 | $517.9K | 452.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43892 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 4730 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.010 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.15 | $1.14 | 62358 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| ASK (ASX) Chart |