They have the buildings on a triple net lease up to 2052 if I remember correctly. So the only threat here is the price hike which is limited to inflation + 10% increase on a 5-year review cycle. They will be paying more interest than they are paying rent (not by much). It's true they will control the assets, but I agree with Hokey 5771, they are not in RE business.
They have the buildings on a triple net lease up to 2052 if I...
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$17.67 |
Change
0.050(0.28%) |
Mkt cap ! $10.61B | |||
| Open | High | Low | Value | Volume |
| $17.77 | $17.88 | $17.59 | $121.6M | 6.885M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 23677 | $17.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.72 | 14785 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NXT (ASX) Chart |