Commercial property is priced off the 10yr government bond rate.
Ie. if the 10yr bond rate is 3.8%, then an asset like a petrol station might historically trade at a 2.5% spread, so at a 6.3% cap rate.
Over the last couple months, the 10yr went from 3.8% to 4.6% now. So a petrol station should theoretically now trade at a 7.1% cap rate, which reduces the equity value of WPR substantially.
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Last
$2.49 |
Change
-0.010(0.40%) |
Mkt cap ! $1.641B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.50 | $2.48 | $2.041M | 819.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 19867 | $2.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 20797 | 1 |
View Market Depth
| Last trade - 16.10pm 04/08/2025 (20 minute delay) ? |
| WPR (ASX) Chart |