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clock Created with Sketch. 18/08/23
11:51
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Originally posted by gerling:
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Do you have the full figures on their incentives? Obviously increasing, but they are not so keen on discussing in their presos - obviously.Effective rents (net of tenant incentives). NTA and Cap rates 6.0% and $2.20. Market still not believing this. I think Shares dumped mostly on the dividend cuts for FY24, but this is conservatie guidance, and they should hold back some cash at the moment... want to protect lending covenants.
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They've reduced the % of the funds generated that will be paid out as a distribution.
(20min delay)