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
$17.29 |
Change
-0.040(0.23%) |
Mkt cap ! $10.38B |
Open | High | Low | Value | Volume |
$17.40 | $17.52 | $17.29 | $26.91M | 1.554M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 11405 | $17.29 |
Sellers (Offers)
Price($) | Vol. | No. |
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$17.36 | 827 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4450 | 17.290 |
1 | 4451 | 17.270 |
2 | 108 | 17.260 |
1 | 4451 | 17.250 |
1 | 18407 | 17.240 |
Price($) | Vol. | No. |
---|---|---|
17.390 | 1596 | 1 |
17.400 | 12553 | 5 |
17.410 | 2300 | 1 |
17.420 | 5118 | 2 |
17.440 | 4451 | 1 |
Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$17.36 |
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Change
-0.040 ( 0.50 %) |
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Open | High | Low | Volume | ||
$17.38 | $17.52 | $17.35 | 125609 | ||
Last updated 15.59pm 15/05/2024 ? |
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