The Official Cash Rate (OCR) at 0.1% was much too low prior to rate rises. These REITs were operating at a high yield and NTA pre COVID-19 at the 1.5% OCR.
Cap rates never really declined below 5 or 6% (pre-COVID level cap rates) and values of office and retail assets were impaired during COVID-19 pandemic.
As such, I don't expect commercial property REITs to perform like residential housing where the prices grew quickly due to extremely low interest rates and strong disposable incomes.
Ann: Becoming a substantial holder, page-4
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Last
$3.89 |
Change
0.040(1.04%) |
Mkt cap ! $2.808B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.91 | $3.85 | $2.979M | 766.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 16407 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 91174 | 41 |
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| Last trade - 12.37pm 28/08/2024 (20 minute delay) ? |
| CLW (ASX) Chart |