Australia's largest stock trading and investment forum Australia's #1 stock forum

RNY rny property trust

0.00%

0.5¢

Does this puppy have a chance?, page-3

First 3 Last

Share
Profile

Follow
adams

169 Posts.

25

11/01/15

09:05

Post #: 14565699
Share

Originally posted by imunro ↑

The good news is that currency has probably driven the NTA from A$0.51/unit at end June 2014 to A$0.60 at end 2014, so you have adequate margin for error when you are investing at A$0.32/unit.

The bad news is that RNY is facing challenges with occupancy and 2014/2015 renewals.

Occupancy has been declining:

12/12 81.7%
6/13 81.9%
12/13 80.9%
6/14 78.6%

which reduces income and profit.

Moreover, leases on a significant percentage of total space have/will expire in 2014/2015 respectively. Based on a cursory review of RXR Realty web site, tenants for this space have not yet been identified.

The 2014 year-end report is likely to be ugly. However, the release of the year-end report might be a great entry point if you trust management to work through the issues successfully over time.

Expand

Presumably asset values are moving up in line with improving economic activity and general increase in property prices in big cities?

RNY Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Trump just dropped a 200% tariff bomb. Here's how to cash in

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

AII

Inside the depths of Panasqueira: A legacy carved in rock

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Does this puppy have a chance?, page-3

Top Stories

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Rare earths stocks surge as Pentagon buys big stake in US REE miner

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Trump just dropped a 200% tariff bomb. Here's how to cash in

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Inside the depths of Panasqueira: A legacy carved in rock

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

Featured News