i have spoken to the HPI investor relations contact and most of the REITS have not provided or withdrawn earnings guidance yet. Thats why they have remained silent as they are waiting for more to issue, however they are having board meetings.
Todays fall is due to RDC(not affiliated with HPI - sydney pubs) withdrawing earnings guidance due to the virus. Also ARF childcare reit has crashed to 1/3 of its price 20 days ago. COF and other quality REITS have been annihilated.
As stated, its unlikely they will collapse the JV, so they could last a few months on the rent. The smaller tenants which is about 5-10% will require rent abatements.
This sector has certainly had its biggest black swan ever.
how long will it take the virus to clear at least? we dont know.
Goner, page-12
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HPI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.18 |
Change
-0.080(2.45%) |
Mkt cap ! $620.6M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.28 | $3.17 | $386.7K | 120.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2499 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 1092 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HPI (ASX) Chart |