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
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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. |
---|---|---|
$4.73 | 28000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 47094 | 4.710 |
2 | 80060 | 4.700 |
2 | 6255 | 4.690 |
1 | 3211 | 4.670 |
1 | 6502 | 4.650 |
Price($) | Vol. | No. |
---|---|---|
4.730 | 28000 | 1 |
4.740 | 38328 | 5 |
4.750 | 35948 | 2 |
4.760 | 40017 | 1 |
4.770 | 13080 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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