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.
My understanding is that they are taking the property assets out...
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Last
$17.81 |
Change
0.170(0.96%) |
Mkt cap ! $10.59B | |||
| Open | High | Low | Value | Volume |
| $17.73 | $17.83 | $17.65 | $2.672M | 150.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 515 | $17.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.82 | 1587 | 4 |
View Market Depth
| Last trade - 10.34am 10/09/2024 (20 minute delay) ? |
| NXT (ASX) Chart |