They don't break down AFFO for good reason.
Incentives are so damn high there is very little actual free cash flow.
They are also paying themselves a bomb to manage these passive assets - $19m just in this half. Thats close to a 2% management fee when external REITs charge 50bps.
Controlling shareholder here is lazy.
Ann: HY24 Results Presentation, page-2
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Last
$1.31 |
Change
-0.030(2.25%) |
Mkt cap ! $1.175B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.31 | $635.1K | 481.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 47750 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 20960 | 29 |
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| Last trade - 15.43pm 26/09/2024 (20 minute delay) ? |
| ABG (ASX) Chart |