COVID has really been good for renewing shops, taking out the weaker shops and putting in better brands, products and services. (Only the strong survive) Even though the replacement will take time and there may be a short term dip in tenancy, longer term, SCG, VCX will be stronger as a business. Conservatively, expecting full recovery by 2023 and possibly much earlier in 2022. SCG / VCX are not just property managers, they are also developers like CQR in the sense that they are increasing their income generating assets YOY. Hopefully (paused) new developments will speed up in this year as liquidity concerns subside.
CQR was diluted (NTA / Book value) from 2019 to 2020, and not as undervalued. In any case, rising tide will bring up all these undervalued REITs. We have hindsight from last year March. Remember the days when even basic face masks were in shortage and vaccine development is uncertain.
COVID has really been good for renewing shops, taking out the...
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Last
$1.91 |
Change
0.035(1.87%) |
Mkt cap ! $8.672B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.92 | $1.89 | $11.66M | 6.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5656 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 25457 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.91 |
Change
0.035 ( 0.99 %) |
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| Open | High | Low | Volume | ||
| $1.89 | $1.91 | $1.89 | 1970738 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| VCX (ASX) Chart |