AJD (APDC) like most similar assets was already on a low Cap rate prior to all these shenanigans. By paying such a premium to NTA, it will really drive down the Cap Rate / ROC.
I wholeheartedly agree with the REIT statement.
Theoretically the NTA should actually decrease with this purchase, going of APDC's prior valuation's.
NXT's ROC as a group currently is very low, largely due to non-performing assets & partially due to still being in a growth phase. But individual facilities, M1, B1, S1 were starting to look very attractive.
I think it would make sense to list the whole lot of centres again but keep a blocking stake.
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