Not sure where you are seeing freehold pub interests trade at a 7% average cap rate but that would be news to the valuers who use comparable transactions when conducting their valuations.
Redcape's average cap rate of 7% is NOT comparable as it includes the operating earnings of the pub in addition to the freehold. I.e. Is a blend of freehold and leasehold cap rates. Obviously leasehold cap rates should be MUCH higher than freehold.
Ann: Investor Presentation - 30 June 2023, page-5
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$3.32 |
Change
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Mkt cap ! $644.0M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.33 | $3.25 | $376.1K | 114.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 96 | $3.31 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.32 | 3695 | 15 |
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