Yet 250 thousand, yep two hundred and fifty thousand, people visit chadstone every week.
Yet in nearly all instances every one of the centres owned has 99% plus occupancy., even those in outer suburbs and regional towns. Yet in nearly all instances rent keeps growing. Yet the recent DFO development was completed, fully leased, delivering a 40pc return.
This REIT is a pretty solid income earner if you ask me. And it's trading at a 15pc valuation discount to Scentre Group (which is also good value below $4).
VCX Price at posting:
$2.43 Sentiment: Buy Disclosure: Not Held
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