DXC 0.38% $2.61 dexus convenience retail reit

Ann: HY24 Results presentation, page-2

  1. 348 Posts.
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    Approving $20m glass house stage 1 when yield on cost is 5.5-6.0%.
    This makes no sense when they're weighted cap rate is 6.3% and they're trading at a 25% discount to book.
    Buying back shares would be accretive and risk free, however it would not increase management fees for Dexus.
 
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