they'll continue to pay rent as they committed to the long term lease.
likely the smaller tenants, about 5-10% of HPI's portfolio will get some rent relief though, but only for a few weeks of the shutdown, which is not a huge % if a few weeks.
So market has priced in a very extreme scenario. Seems a lot of short selling/hedge fund driven market, to very extremes.
At this price, assuming the virus is over and tenants back to normal, we are at nearly ~9.7% yield, based off 20.6cents DPS. Thats not a realistic price whatsoever with interest rates at 0%.
Goner, page-4
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Last
$3.36 |
Change
0.020(0.60%) |
Mkt cap ! $649.9M | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.36 | $3.32 | $106.7K | 31.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3895 | $3.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 649 | 9 |
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| Last trade - 12.03pm 24/07/2024 (20 minute delay) ? |
| HPI (ASX) Chart |