Yes - would agree with you. Glasshouse has been on the cards for a number of years now - it is not a new deal.
I see some positives coming out of this... if the yield on construction is 6% for a highway asset. I interpret that as a margin of safety on the current portfolio valuation, as it is valued BELOW replacement cost. If this assets was constructed at 10% yield... that would be a real issue for convenience retail australia wide... as there would be a speight of new construction, and tenants would all be looking to move at the end of leases.
The relatively high construction cost is a barrier to additional stock.
The other reason that this development might males sense is its 45% food retail. not just a fuel stop. All of the petrol station REITS are trying to increase diversiafication away from Fuel which is seen as risky the long run.
- Forums
- ASX - By Stock
- Ann: HY24 Results presentation
Yes - would agree with you. Glasshouse has been on the cards for...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DXC (ASX) to my watchlist
|
|||||
Last
$2.65 |
Change
0.030(1.15%) |
Mkt cap ! $365.0M |
Open | High | Low | Value | Volume |
$2.63 | $2.70 | $2.62 | $152.2K | 57.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $2.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.70 | 6973 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 2.650 |
4 | 21893 | 2.630 |
4 | 7417 | 2.620 |
4 | 26500 | 2.610 |
11 | 54937 | 2.600 |
Price($) | Vol. | No. |
---|---|---|
2.700 | 6973 | 1 |
2.720 | 9000 | 1 |
2.730 | 4152 | 1 |
2.750 | 8238 | 1 |
2.760 | 212 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
DXC (ASX) Chart |