it appears that a lot of overseas people are in A-REITS because their yield (av 4.4%) has been beating US bond yields signficantly, but the turnaround on the latter in the last 3 months is leading to a sell down on A-REITS. I presume the fact that the A-REITS themselves are saying that eps for next year will be the same or better than next year apparently isn't relevant. I am not sure why the forward estimates for VCX 2017 and 2018 have us falling back to PEs of 14...higher modelled cost of borrowing?
This seems to be a good article: http://www.copyright link/personal-...-bond-yields-drag-down-areits-20161002-grt3nt
it appears that a lot of overseas people are in A-REITS because...
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Last
$1.94 |
Change
0.030(1.57%) |
Mkt cap ! $8.808B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.95 | $1.92 | $11.73M | 6.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7926 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 120994 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| VCX (ASX) Chart |