APD 0.00% 89.5¢ apn property group

Good acquisition on Dexus part. APN was the cheapest property...

  1. 606 Posts.
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    Good acquisition on Dexus part.

    APN was the cheapest property asset manager out of all the majors (Charter Hall, Primewest, Centuria, etc.) on key metrics such as FUM for every $ in market cap and P/FFO and very very low gearing (<10%) unlike some out there.

    Unfortunately, I didn't accumulate a large enough position quick enough for this acquisition to move the needle in my portfolio.
 
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Currently unlisted public company.

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