They're undoubtedly wishing they sold in 2019 along with everyone else!
Different environment now - shorter WALE on the portfolio with key vacancies, cap rate expansion cycle, and (I'm assuming) a bit of CAPEX expected on the Valentine repositioning/development.
I think Aliro will have hit a few snags to offer a price equivalent to NTA. Bit of a task to replace the effectively sole tenants at Valentine and Pirie St properties, fixed rent reviews of 3% looked great in 2019 but now below CPI, and assumed cap rates are still lower than 2019. Whether Hume agrees, and to what extent, makes or breaks it. $2.25?
Ann: Update on non binding indicative proposal to acquire AOF, page-8
Add AOF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.29 |
Change
0.015(1.18%) |
Mkt cap ! $211.2M | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.30 | $1.27 | $383.4K | 298.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14398 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 6602 | 3 |
View Market Depth
| Last trade - 13.31pm 31/07/2024 (20 minute delay) ? |
| AOF (ASX) Chart |