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
$17.59 |
Change
-0.090(0.51%) |
Mkt cap ! $10.72B |
Open | High | Low | Value | Volume |
$17.65 | $17.89 | $17.59 | $8.618M | 485.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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20 | 3533 | $17.59 |
Sellers (Offers)
Price($) | Vol. | No. |
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$17.60 | 394 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1359 | 17.590 |
14 | 3717 | 17.580 |
8 | 1559 | 17.570 |
6 | 1475 | 17.560 |
7 | 4321 | 17.550 |
Price($) | Vol. | No. |
---|---|---|
17.600 | 678 | 7 |
17.610 | 3262 | 18 |
17.620 | 1626 | 8 |
17.630 | 1686 | 10 |
17.640 | 1732 | 9 |
Last trade - 15.48pm 04/06/2024 (20 minute delay) ? |
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Last
$17.57 |
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Change
-0.090 ( 0.81 %) |
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Open | High | Low | Volume | ||
$17.67 | $17.88 | $17.56 | 124497 | ||
Last updated 15.59pm 04/06/2024 ? |
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