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
$18.31 |
Change
0.170(0.94%) |
Mkt cap ! $10.98B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.34 | $18.14 | $1.997M | 109.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2553 | $18.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.32 | 510 | 5 |
View Market Depth
| Last trade - 11.02am 09/07/2024 (20 minute delay) ? |
| NXT (ASX) Chart |