Would like some thoughts and comments on this: I note the following P/E ratios: CER. 3.8 Dexus. 9.5 GPT 19.1 Stockland 13.8 CFS. 8.39 Lend Lease. 12.1 Mirvac 20.3
Given that CER (post US sale) will be a relatively "normal" A-Reit, was wondering if we should expect our P/E multiple to eventually match that of our peers. If this is the case, can I conclude that we should see the CER share price rise 3-5 times the current?? Comments please Defab, Nursery... Cheers
CER Price at posting:
34.5¢ Sentiment: None Disclosure: Held
