In 2017 the RBA rate was 1.5% and the cap rate for self storage was 7%.
In 2024 the RBA rate is 4.35% and the cap rate for self storage is apparently 5.67%.
I'd love to see the justification for why the spread which used to be 550bps should now be 130bps.
ASK aren't alone in this of course - the whole REIT industry are using cap rates that don't seem to make sense to me.
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Last
$1.20 |
Change
0.015(1.27%) |
Mkt cap ! $1.570B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.20 | $1.17 | $318.2K | 266.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8162 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 33084 | 4 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| ASK (ASX) Chart |