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.
A pleasing result IMHO. Whilst cap rates rose a modest 0.26% to...
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Last
$2.97 |
Change
-0.050(1.66%) |
Mkt cap ! $942.2M | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.02 | $2.95 | $453.2K | 151.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5340 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 1070 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.050 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| $3.02 | $3.02 | $2.96 | 31567 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| DXI (ASX) Chart |