"The Offer to acquire 100% of ANI is accretive to TIX’s earnings and distributions and will reduce overall gearing. In addition to this, the Combined Group is expected to benefit from increased liquidity, increased scale, diversification and likely inclusion into the S&P/ASX AREIT 200 Index. With this will come the potential of a broadened investor base and a lower cost of capital through a re-rating which will lead to a greater potential for EPU and DPU growth. Total assets will be in excess of $900.0 million and the market capitalisation will be ~$509.7 million and as a combined group, will be the largest pure industrial AREIT on the ASX."
The stumbling instos that backed Fife right to the end are probably selling today. When tix's gets re rated and included in the ASX AREIT 200 the instos will pile back in. No wonder the best performing funds the insto's offer are index funds.
TIX Price at posting:
$2.36 Sentiment: Buy Disclosure: Held
