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.
I question the concept of replacement cost as a measure of...
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Last
$1.24 |
Change
-0.005(0.40%) |
Mkt cap ! $743.6M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.24 | $452.5K | 364.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17404 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 22079 | 18 |
View Market Depth
| Last trade - 13.57pm 29/07/2025 (20 minute delay) ? |
| COF (ASX) Chart |