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
GPT Price at posting:
44.3¢ Sentiment: LT Buy Disclosure: Held
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