I know this is common practice but I do wonder if this is sustainable.
It's just raising money to repay existing debt facilities and 'general corporate purposes' (operating costs, essentially) right?
and Capital notes get paid out prior to any divs/distributions, so they are ahead of equity holders.
I like real estate but having to pay out distributions at an unsustainable level is one of the peculiarities of REITs I don't love.
News: CIP Centuria Industrial REIT Launches A$300M Guaranteed Exchangeable Notes Offering, page-2
-
- 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 CIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.17 |
Change
0.020(0.63%) |
Mkt cap ! $2.012B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.18 | $3.15 | $2.294M | 724.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14758 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 1533 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| CIP (ASX) Chart |