These are logical milestones IMHO:
Short: 0.90-1.05 odd
Med: 1.05-1.25
Long: 1.25 o approaching NTA of $2
Cap rate of 5.9% is amongst best there is in AREIT. Westfield are still trading at a premium to NTA - other low cap rate AREITs trading at 10% or so discount to NTA - in GPTs case that would be $1.80 odd.
Risk as a factor is now gone with $1.5b odd equity injection.
Balance sheet has been savagely pruned.
Why shouldnt it trade at parity with its peers?
The short term goal is based on cornerstone invesor GIC's entry - $250m @ $1.25 + associated righs if they take them - makes entry of 92c odd. Its still a deeply discounted price - about 60% off NTA with no real reasoning now other than confidence.
The medium term goal is essentially confidence being restored - or a least no more surprises..
The longer term goal ought happen when they sack the board with extreme prejudice, and possibly sell an asset or two at within 20% of valuation price - I'd expect it to happen sooner or later on both counts.
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These are logical milestones IMHO:Short: 0.90-1.05 oddMed:...
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Last
$5.06 |
Change
-0.010(0.20%) |
Mkt cap ! $9.692B |
Open | High | Low | Value | Volume |
$5.05 | $5.08 | $5.04 | $23.88M | 4.723M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29493 | $5.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.07 | 47312 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29493 | 5.040 |
5 | 90214 | 5.030 |
2 | 40329 | 5.020 |
1 | 14846 | 5.010 |
1 | 200 | 5.000 |
Price($) | Vol. | No. |
---|---|---|
5.070 | 47312 | 3 |
5.080 | 33888 | 3 |
5.090 | 102068 | 4 |
5.100 | 31854 | 4 |
5.110 | 47780 | 3 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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