REITs are being smashed for a second day in a row. Higher interest rates for longer means we can expect significant declines over the medium term. How low CLW will go is anyone's guess but a 50% decline from here over the next few years is not out of the question as distributions are slashed. Some REITs may even need to raise capital to reduce gearing.
REITs are being smashed for a second day in a row. Higher...
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Last
$3.52 |
Change
0.020(0.57%) |
Mkt cap ! $2.530B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.52 | $3.47 | $1.210M | 345.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 11347 | $3.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 29244 | 29 |
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| Last trade - 12.57pm 23/07/2024 (20 minute delay) ? |
| CLW (ASX) Chart |