The way I see it is that buying into REITs such as this one you're not after capital growth but rather the dividend income that it is able to provide. I haven't been able to do a full analysis of CIP yet hence why I don't have a position but based on what i've seen so far, you have a business that holds investments with a decent WALE and cap rates on the lower end of the market (indicating a less risky investment). This will help with them providing consistent dividends to shareholders.
Definitely not an exciting listing in comparison to the huge tech companies but I believe these sort of listings can play a great role in building passive income in the long term
Ann: FTSE EPRA Nareit Global Developed Index Inclusion, page-9
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Last
$3.13 |
Change
0.030(0.97%) |
Mkt cap ! $1.987B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.13 | $3.08 | $7.725M | 2.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4079 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 31342 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CIP (ASX) Chart |