Oh dear.
As simply as possible. What happens if a lessee's client base diminishes and the demand for its goods warehoused at GMG industrial properties falls to the level that its entire business becomes at risk.
It goes to GMG and says the rents cannot be sustained. GMG either drops the rent to keep the tenant, or watches him fall over. This is happening right across the globe. A bit like a borrower going to a bank and saying they are in strife - most banks will take a haircut to keep the funds flowing, rather than foreclose.
Want to talk about cap rates? Want to see the 85 page reports of CBRE and JLL on the Asia Pac's property performance for 1H09?
Cheerio
research, page-9
Add GMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$35.70 |
Change
0.360(1.02%) |
Mkt cap ! $68.24B | |||
| Open | High | Low | Value | Volume |
| $36.32 | $36.32 | $35.69 | $106.4M | 2.970M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7608 | $35.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.75 | 4627 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |