Crude numbers from the report: $2 billion in debt means $20 million a year in interest payments a year for every 1% increase in interest rates. Interest is currently costing about $80 million a year (up from around 40 million in 2022), however rent increases are increasing income by about $20 million per year also.
In other words so long as interest rates increases remain in the 0.25 range, CPI linked rent increases will cover the increased cost of finance. I guess this is why they released forward guidance of 28c distribution again.
It's a funny one where inflation data both hurts and helps this stock. I think as a long term hold this one is a no brainer but it certainly will see volatility. I'll be buying more around 4.4, holding at 4.6 and reducing at 4.8
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Last
$3.52 |
Change
0.020(0.57%) |
Mkt cap ! $2.530B |
Open | High | Low | Value | Volume |
$3.50 | $3.52 | $3.47 | $1.060M | 303.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 39690 | $3.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.52 | 15591 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 39690 | 3.510 |
21 | 38420 | 3.500 |
18 | 50032 | 3.490 |
17 | 50950 | 3.480 |
15 | 66471 | 3.470 |
Price($) | Vol. | No. |
---|---|---|
3.520 | 15591 | 29 |
3.530 | 64112 | 21 |
3.540 | 58112 | 14 |
3.550 | 20644 | 9 |
3.560 | 173159 | 10 |
Last trade - 12.44pm 23/07/2024 (20 minute delay) ? |
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