NXT is very well protected - the leases were 30+ years in length, inflation adjusted and subject to rent reviews every 5 years - with a clause preventing a more than 10% change in rates year on year (ie reducing the 5 year reprice risk). Any purchaser is really just buying a stream of reliable and non volatile cash flows - ability to gouge the tenant is minimal - the price will be determined by how low an effective yield someone wants to earn. If Sydney CBD yields 4.94% and this is geographically limited in supply - then no reason to pay the 4.69% implied by a $300m valuation - you can build a new DC anywhere easily so no supply shortage.
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Last
$17.25 |
Change
0.560(3.36%) |
Mkt cap ! $10.91B |
Open | High | Low | Value | Volume |
$16.86 | $17.25 | $16.86 | $35.99M | 2.096M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $17.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.25 | 18791 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65 | 18.110 |
1 | 253 | 17.770 |
5 | 6442 | 17.760 |
1 | 2900 | 17.750 |
1 | 1497 | 17.410 |
Price($) | Vol. | No. |
---|---|---|
16.430 | 2334 | 2 |
16.440 | 8 | 1 |
16.740 | 1927 | 4 |
16.770 | 373 | 3 |
16.790 | 243 | 5 |
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