The NTA represents what it would be worth if you sold all the properties right now. It would be relevant if URF was operating like a traditional REIT - that is, it had positive operating cash flows.
If you look at that last half year accounts, they had operating cash outflows of $20 million - for every $2.30 of rent they receive, they pay out $4.30 of expenses and interest.
The. discount to NTA probably reflects the fact that an asset sale program is going to take some time and while they hold the properties, they are shoveling cash out the door.
Ann: Weekly NAV Estimate, page-5
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $195.4M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 27.0¢ | $119.3K | 442.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53475 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 725586 | 5 |
View Market Depth
| Last trade - 14.57pm 03/05/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 27.0¢ | 10373 | ||
| Last updated 13.17pm 03/05/2024 ? | |||||
| URF (ASX) Chart |