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
$18.08 |
Change
-0.365(1.98%) |
Mkt cap ! $10.87B | |||
| Open | High | Low | Value | Volume |
| $18.24 | $18.33 | $18.06 | $6.196M | 341.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 290 | $18.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.08 | 2040 | 25 |
View Market Depth
| Last trade - 14.10pm 10/07/2024 (20 minute delay) ? |
| NXT (ASX) Chart |