My understanding is that they are taking the property assets out of NXT and placing them in a REIT.
That should be good for NXT as it should be trading at higher multiples given its growth profile.
Property trusts are more conservative and trade at lower multiples.
A lot of companies take property off their balance sheets to focus their capital on running their core business.
Ann: Change in substantial holding , page-4
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Last
$17.83 |
Change
0.020(0.11%) |
Mkt cap ! $11.27B | |||
| Open | High | Low | Value | Volume |
| $17.73 | $17.88 | $17.65 | $16.48M | 925.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 296 | $17.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.84 | 1827 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| NXT (ASX) Chart |