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
$4.41 |
Change
0.110(2.56%) |
Mkt cap ! $349.5M | |||
| Open | High | Low | Value | Volume |
| $4.32 | $4.41 | $4.32 | $13.75K | 3.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 680 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.41 | 3052 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$4.38 |
Change
0.110 ( 1.62 %) |
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| Open | High | Low | Volume | ||
| $4.37 | $4.38 | $4.37 | 84 | ||
| Last updated 14.36pm 29/05/2024 ? | |||||
| CDP (ASX) Chart |