Certainly after ex div $3.50 is possible. But Interest rates are...

Certainly after ex div $3.50 is possible. But Interest rates are now having a big effect on the average Aussie consumer. Broader discretionary spending will soon fall off a cliff as household savings have now dwindled. Unless RBA wants to break the economy, the end of rate hike cycle is near . if $3.50 hits (ie a 40% discount to NTA) id be happy to double down on CLW. The debt the Australian govt and its states now carry means that the Govt is totally and utterly reliant on tax revenue big and small business generate, govt cannot afford a stuttering economy as it bring everything to a standstill and negatively affects their solvency with adding more debt. Cap rates can quite quickly swing in the right direction again when interest rate cuts to stimulate growth return and take effect. Given CLW's quality tenants, long WALE, annual rent increases and a current stuttering economy i would hope $3.50 would be near the bottom.