Not great but not a disaster.
DPU cut again for FY25 but covenants renegotiated at 60% LVR at no extra cost, that kills off any chance of a CR.
6.5% fall in occupancy is concerning but on the plus side the DPU forecasts no change to interest rates for the whole of FY25. Unlikely IMO that there won't be at least 1 cut.
No debt due until FY28, plenty of time to see a decent recovery in offices especially with the lack of construction of new space coming online.
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Last
$1.23 |
Change
-0.005(0.40%) |
Mkt cap ! $734.7M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.25 | $1.23 | $430.0K | 347.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1201 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 162043 | 11 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| COF (ASX) Chart |