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.
The Official Cash Rate (OCR) at 0.1% was much too low prior to...
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Last
$3.32 |
Change
0.040(1.22%) |
Mkt cap ! $2.400B | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.34 | $3.28 | $3.379M | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14277 | $3.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.32 | 8472 | 5 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| CLW (ASX) Chart |