I am sure it's a great asset but listed REITs seem to have a bias towards east coast assets. To an extent that it's lauded in half yearly reports (I'm thinking specifically of the Charter Hall REITs). It's actually reported as a benefit i.e. "85% of our assets are on the growing eastern seaboard" etc. Like the other states are technically part of Australia but not really relevant. A pity, but unfortunately not unexpected.
The real reason for divestiture I suspect is to recycle the money into logistics properties and re-balance the REIT to less of a bias towards retail. I don't mind the lower exposure to retail through GPT.
Thanks for the podcast episode recommendation. I will look for it and download it. Of course the purchasing company will say their new asset is fantastic! I'm sure it is. As l mentioned, I think the true reason for selling was to re-balance our office / retail / industrial percentages to a higher weighting towards longer WALE commercial industrial property.
This is a great REIT. I would be happy to put some more money into GPT with the recent price weakness. We're about $1.00 below projected NTA and I suspect our funds management will have performed well in 2021. I'm looking forward to/ hoping for a strong earnings result on the 14th.
- Forums
- ASX - By Stock
- GPT
- Ann: Divestment of Casuarina Square
GPT
gpt group
Add to My Watchlist
0.59%
!
$5.08

Ann: Divestment of Casuarina Square, page-3
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$5.08 |
Change
0.030(0.59%) |
Mkt cap ! $9.731B |
Open | High | Low | Value | Volume |
$5.06 | $5.09 | $5.05 | $14.17M | 2.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14487 | $5.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.08 | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14487 | 5.070 |
4 | 47114 | 5.050 |
1 | 23229 | 5.040 |
1 | 100 | 5.020 |
3 | 20099 | 5.000 |
Price($) | Vol. | No. |
---|---|---|
5.080 | 200000 | 1 |
5.100 | 41784 | 3 |
5.110 | 23193 | 1 |
5.120 | 4000 | 2 |
5.130 | 4843 | 1 |
Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
Featured News
GPT (ASX) Chart |