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.
NXT is very well protected - the leases were 30+ years in...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NXT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.80 |
Change
0.100(0.60%) |
Mkt cap ! $10.62B | |||
| Open | High | Low | Value | Volume |
| $16.80 | $17.10 | $16.60 | $400.5M | 23.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $16.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.80 | 297643 | 10 |
View Market Depth
| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| NXT (ASX) Chart |