My concern is that the cap rate is 5.4% but the industry seems to be buying and selling at around 7% yields. Isnt this meaning the property is overvalued and hence the discount to NTA.brings it to fair value. I would suggest that on this basis all the ratios need adjusting. Some think its cheap I think it is fair value. Even the 6% payout is around the right value.
Ann: Investor Presentation - 30 June 2023, page-4
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Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $655.7M | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.38 | $3.31 | $665.0K | 197.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1157 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 376 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| HPI (ASX) Chart |