I question the concept of replacement cost as a measure of valuation. How do you replace a 20 year old building with a 20 year old building? It's not as though COF's unit price is 2/3rds undervalued compared to the underlying real estate.
It would be different if all the portfolio consisted of spanking brand new buildings, and with the portfolio market value (say) 1/3rd below replacement cost, and a unit price 1/3rd below market value.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.26 |
Change
0.015(1.20%) |
Mkt cap ! $752.6M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.27 | $1.24 | $1.134M | 904.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| COF (ASX) Chart |