All the REITs are in the same boat ATM - simply out of favour with the market. I think there is a belief that post-COVID we will see permanent changes to shopping habits, and office workers continuing to work from home. However, this hasn't been borne out - at least not in Australia. I think it will just take a bit of time for perception to catch up with reality.
Of course the market now has something new to fear - i.e. recession - but we have high savings, low unemployment, and commodity prices still strong. The only sector likely to experience a downturn is construction.
NB: the above post is opinion only, and should not be construed as financial advice.
All the REITs are in the same boat ATM - simply out of favour...
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Last
$4.36 |
Change
-0.020(0.46%) |
Mkt cap ! $345.5M | |||
| Open | High | Low | Value | Volume |
| $4.35 | $4.36 | $4.35 | $60.25K | 13.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2110 | $4.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.42 | 554 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$4.35 |
Change
-0.020 ( 0.32 %) |
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| Open | High | Low | Volume | ||
| $4.35 | $4.35 | $4.35 | 247 | ||
| Last updated 12.29pm 14/05/2024 ? | |||||
| CDP (ASX) Chart |