A pleasing result IMHO. Whilst cap rates rose a modest 0.26% to 5.38% rents appear to be rising strongly to compensate for the cap rate increases. I'd like to think this trend will continue. With NTA at around $3.64 DXI appears to be a bargain t $2.67. Higher interest rates are a drag on FFO but distributions are holding reflecting rents rising faster than borrowing costs (interest).
I wouldn't be surprised if a suitor now comes knocking on the door picking it up cheaply. CHC is developing a warchest to take advantage of weakness in REITs. DXI at a modest market value of around $850m it's a good candidate with good assets.
Ann: Portfolio valuation update, page-2
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Last
$2.82 |
Change
-0.020(0.70%) |
Mkt cap ! $894.7M | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.91 | $2.82 | $660.9K | 231.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5844 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 1520 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DXI (ASX) Chart |