The 3 DCs owned by APDC and leased by NXT are a wonderful asset.
Leasing them allows NXT to reduce its capital expenditure by not having to buy the land/buildings thus reducing its fixed costs.
TGP took a ~14-15% stake in AJD in May 2017 and called a meeting, they want to transfer management/ownership of the portfolio to themselves.
From memory they also suggest that they could change the gearing on the underlying finance and change the payout ratio to AJD security-holders.
DYOR, that's my high-level recollection of recent announcements and may not be entirely correct.
Disclosure: Don't hold NXT or AJD but have held both in the past and did well on both.
NXT Price at posting:
$4.14 Sentiment: None Disclosure: Not Held
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