AFR reported this morning Centuria Industrial REIT bought TLS data centre.
Price of $416.7m at a cap rate of 4.25%. I'd have thought that is a high cap rate for that kind of business. If we use CDC's latest EBITDAF of $117.5m and divide it by the cap rate of 0.0425 we get a market value of $2.6bn. IFT owns 48% of that. Thats a lot of value with the 3.22bn of market cap that equates to ~39% of it. That means its holding in Longreach, Tilt, Vodafone, Trust etc are only worth around $2bn.
Undervalued lmao.
AFR reported this morning Centuria Industrial REIT bought TLS...
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Last
$11.30 |
Change
-0.100(0.88%) |
Mkt cap ! $10.92B | |||
| Open | High | Low | Value | Volume |
| $11.67 | $11.67 | $11.30 | $4.694M | 412.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 393 | $11.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.38 | 3048 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IFT (ASX) Chart |