I thought the majority of rental agreement were CPI-linked but you are correct it's only 5%!!
From the FY21 annual report:
The investment properties are leased to Viva Energy Australia Pty Limited (96.6% of rental income), other fuel operators and
various convenience and fast food store operators (3.3% of rental income) under long-term operating leases with rent payable
in advance monthly, quarterly or annually. Rental income for 94.8% of the investment properties is subject to fixed annual
increases of 3.0% or greater. The remainder of the leases largely have CPI-linked rent reviews, but there are no other variable lease
payments that depend on an index or rate.
A 3-year Australian bond would now give you a higher yield. Not good for WPR...
They recently sold some assets and might hopefully use the proceeds to reduce gearing.
I thought the majority of rental agreement were CPI-linked but...
Add WPR (ASX) to my watchlist
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Last
$2.62 |
Change
0.000(0.00%) |
Mkt cap ! $1.760B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.63 | $2.59 | $3.835M | 1.468M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28093 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.63 | 35901 | 7 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| WPR (ASX) Chart |