When we talk about the development business or intangibles in general, we should rememebr that these are applicable to other REITs as well.
Most REITs are still trading at big disounts to their NTA and many of them have a better distribution yiled, better cap and occupancy rates and a very positive outlook. IMO GMG's relationship with China Investment Corporation and the Canadian Pension is what differniates it from other REITs, but i still find it overvalued at the current price.
However, the XPJ started to regain value during the last few days, and it gained 0.8% today when the XAO was 1.4% down!! so i think the share price will continue to follow XPJ regardless of fundamentals
When we talk about the development business or intangibles in...
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Last
$35.88 |
Change
0.340(0.96%) |
Mkt cap ! $68.14B | |||
| Open | High | Low | Value | Volume |
| $35.68 | $35.88 | $35.36 | $258.3M | 7.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5191 | $35.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.89 | 4459 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| GMG (ASX) Chart |