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
$1.16 |
Change
0.003(0.22%) |
Mkt cap ! $1.027B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.14 | $137.5K | 119.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 9779 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 6316 | 11 |
View Market Depth
| Last trade - 13.32pm 27/05/2024 (20 minute delay) ? |
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Last
$1.16 |
Change
0.003 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.16 | $1.15 | 33221 | ||
| Last updated 13.53pm 27/05/2024 ? | |||||
| ABG (ASX) Chart |