yes, its a solid growing low risk yield. childcare will always be required essential for decades to come. growth is always atleast 5% per annum, low tenant risk(a lot of not for profits which are defensible compared to say a G8) which justifies the premium valuation relative to other office or industrial based REITs.
think of it like a government style annuity bond, those are usually around 1-2% per annum. this is atleast 4.5% per annum.
News: CQE Charter Hall Education Trust Posts FY Profit From Ordinary Activities After Tax $68.7 Mln, page-7
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Last
$2.39 |
Change
-0.010(0.42%) |
Mkt cap ! $890.2M | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.43 | $2.37 | $1.435M | 597.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9214 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 56572 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CQE (ASX) Chart |