This thing is a sitting duck for a takeover from a charter hall, centential hmc capital etc. Should get close to an 8% yield. Trading at half of NTA. Understand valuations have come down but this is leased to wesfarmers and officeworks.
If bond yields continue to come down, their interest costs will also decrease Dec 24. If they can make it through the next 6 months without needing to raising capital id bet every dollar I have it gets taken out if its still below $1.30.
NPR Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
