NXT is very well protected - the leases were 30+ years in length, inflation adjusted and subject to rent reviews every 5 years - with a clause preventing a more than 10% change in rates year on year (ie reducing the 5 year reprice risk). Any purchaser is really just buying a stream of reliable and non volatile cash flows - ability to gouge the tenant is minimal - the price will be determined by how low an effective yield someone wants to earn. If Sydney CBD yields 4.94% and this is geographically limited in supply - then no reason to pay the 4.69% implied by a $300m valuation - you can build a new DC anywhere easily so no supply shortage.
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Last
$17.80 |
Change
0.120(0.68%) |
Mkt cap ! $10.72B |
Open | High | Low | Value | Volume |
$17.65 | $17.89 | $17.65 | $6.368M | 358.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1078 | $17.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.81 | 3192 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 838 | 17.800 |
8 | 1513 | 17.790 |
9 | 2939 | 17.780 |
9 | 3929 | 17.770 |
8 | 1609 | 17.760 |
Price($) | Vol. | No. |
---|---|---|
17.810 | 2092 | 27 |
17.820 | 1932 | 16 |
17.830 | 1391 | 9 |
17.840 | 1579 | 10 |
17.850 | 3092 | 12 |
Last trade - 14.26pm 04/06/2024 (20 minute delay) ? |
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Last
$17.74 |
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Change
0.120 ( 0.17 %) |
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Open | High | Low | Volume | ||
$17.67 | $17.88 | $17.67 | 76012 | ||
Last updated 14.45pm 04/06/2024 ? |
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