Morningstar puts a fair valuation of 2.60 on HPI. They are usually quite conservative. I don't like REITs much, but this one appealed. I bought in at a discount to what it is trading, calculating the return at what I paid through my SMSF to be about 8%. Also it holds properties all leased to Coles subsidiaries with no lease expiries until 2021. Rent growth of about 4% per annum is assured by contracted rental increases of twice consumer price index or at a fixed amount. As usual, DYOR.
HPI - likely to increase to $3+ due to distribution?, page-9
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Last
$3.72 |
Change
-0.040(1.06%) |
Mkt cap ! $731.2M | |||
| Open | High | Low | Value | Volume |
| $3.77 | $3.77 | $3.72 | $4.031M | 1.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 80581 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 984 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| HPI (ASX) Chart |