One of the few stocks on the ASX that is spared from the savage from recession fears.
I think this is one of the stocks on the ASX that is recession proof, if you think about it's business model. It's a Real Estate Investment Trust (REIT), but unlike many of listed trusts that invest in office buildings or shopping centres, CQE invests in child care centres and/or early learning centres which tend to be in demand in all cycles of the economy. Also they have some pretty up-market real-estate than the shack under the gumtree that I used to go to as a kid.
CQE offers a good quarterly distribution as well, currently above 4%.
News: CQE Charter Hall Education Trust Posts FY Profit From Ordinary Activities After Tax $68.7 Mln, page-2
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Last
$2.47 |
Change
0.010(0.41%) |
Mkt cap ! $922.7M | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.49 | $2.46 | $551.2K | 222.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11678 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 5657 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CQE (ASX) Chart |