They don't break down AFFO for good reason.
Incentives are so damn high there is very little actual free cash flow.
They are also paying themselves a bomb to manage these passive assets - $19m just in this half. Thats close to a 2% management fee when external REITs charge 50bps.
Controlling shareholder here is lazy.
Ann: HY24 Results Presentation, page-2
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Last
$1.17 |
Change
0.015(1.30%) |
Mkt cap ! $1.041B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.16 | $283.0K | 242.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 729 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 4704 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
0.015 ( 1.63 %) |
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| Open | High | Low | Volume | ||
| $1.17 | $1.18 | $1.16 | 58027 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| ABG (ASX) Chart |