In my eyes, some of these industrial property transactions are questionable. CIP just sold 30 Clay Place at a 38% premium to book value just five months ago (good for CIP); I believe this implies a cap rate of circa 3.0% (based on the 4.0% cap rate in December).
10 year Aussie government bonds are currently trading on a 3.5% yield. I haven't yet seen industrial rents increasing so much to justify these sorts of cap rates. Needless to say, I don't know what is going to happen, but we seem in unusual times to see industrial property cap rates lower than the risk free rate.
In my eyes, some of these industrial property transactions are...
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Last
$3.15 |
Change
-0.020(0.63%) |
Mkt cap ! $2.000B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.13 | $6.175M | 1.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20134 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 7043 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CIP (ASX) Chart |