GPT 0.63% $4.71 gpt group

gic or sgp ?

  1. 530 Posts.
    As I v e posted continuously on this thread GPT ( minus hospitality ) control what must be considered amongst the bestcommercial assets (offices and retail ) in Australia.

    Lets again re visit THE FACTS !
    underlying property assets continue to perform
    99.2% leased ,
    WALE of 5.2-7.2 years ,
    blue chip tenants incl govt therefore low threat to to income falling,
    income growt av 5.5%
    interest cover 2.5x
    Gearing only 33.3%

    Even with possible property devaluations income is not effected and the ability to pay interest is not therefore effected even if gearing increases . ie banks still get paid and valuations shall increase in line with pick up in market.
    NTA 1.43

    Now the question is who is ( GIC or SGP ) going to take advantage of what IMO are ridiculously cheap prices and take out GPT
    SGP with 9.8% @ av 1.50 ( surely they need to purchase more to reduce av purchase price ) or
    GIC with 7.36% ??

    Surely one of these 2 are buying at these (IMHO ) ridiculously cheap prices ,they can t afford not to. I ve been accumulating and will continue to
    All above my thouughts only and posted here for discussion purposes DYOR
 
watchlist Created with Sketch. Add GPT (ASX) to my watchlist
(20min delay)
Last
$4.71
Change
-0.030(0.63%)
Mkt cap ! $9.022B
Open High Low Value Volume
$4.69 $4.74 $4.68 $24.00M 5.093M

Buyers (Bids)

No. Vol. Price($)
2 47094 $4.71
 

Sellers (Offers)

Price($) Vol. No.
$4.73 28000 1
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
GPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.