No mention of the elephant in the room the humongous discount to NTA. What are they doing about it?
Quickly running through the numbers, the rent minus interest on loan won't even cover the 6cps dividend this FY.
And that's before management fees.
After a few years of rent review it should be fine (assuming same level of occupancy) but that's why the dividend is basically frozen for 5 years instead of growing with rent reviews.
Don't think this is a long term smart income play. Short term it will attract yield chaser lured by the 10% gross div.
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.91M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.5¢ | $14.13K | 33.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75208 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 63114 | 1 |
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| Last trade - 15.12pm 29/07/2025 (20 minute delay) ? |
| TOT (ASX) Chart |