My understanding is that they are taking the property assets out of NXT and placing them in a REIT.
That should be good for NXT as it should be trading at higher multiples given its growth profile.
Property trusts are more conservative and trade at lower multiples.
A lot of companies take property off their balance sheets to focus their capital on running their core business.
Ann: Change in substantial holding , page-4
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Last
$16.92 |
Change
-0.150(0.88%) |
Mkt cap ! $10.16B | |||
| Open | High | Low | Value | Volume |
| $16.61 | $17.01 | $16.49 | $32.90M | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 726 | $16.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.93 | 3983 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NXT (ASX) Chart |