Crude numbers from the report: $2 billion in debt means $20 million a year in interest payments a year for every 1% increase in interest rates. Interest is currently costing about $80 million a year (up from around 40 million in 2022), however rent increases are increasing income by about $20 million per year also.
In other words so long as interest rates increases remain in the 0.25 range, CPI linked rent increases will cover the increased cost of finance. I guess this is why they released forward guidance of 28c distribution again.
It's a funny one where inflation data both hurts and helps this stock. I think as a long term hold this one is a no brainer but it certainly will see volatility. I'll be buying more around 4.4, holding at 4.6 and reducing at 4.8
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Last
$3.79 |
Change
0.040(1.07%) |
Mkt cap ! $2.740B |
Open | High | Low | Value | Volume |
$3.75 | $3.80 | $3.74 | $9.167M | 2.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5298 | $3.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.79 | 37857 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1990 | 3.760 |
2 | 3988 | 3.750 |
3 | 6872 | 3.740 |
1 | 2988 | 3.730 |
2 | 3997 | 3.720 |
Price($) | Vol. | No. |
---|---|---|
3.790 | 13989 | 1 |
3.800 | 73738 | 10 |
3.810 | 2988 | 1 |
3.820 | 5074 | 3 |
3.830 | 4817 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CLW (ASX) Chart |
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