If you look at their rental structure it's based on CPI so whilst interest rates are pushing costs up the revenue line is also moving... Margins might be squeezed a little but the beauty of this business is the rent is linked to CPI and they have hedged a lot of their debt for multiple years. Taking that risk off the table.
The only risk I see here is if Agricultue commodity prices keep going down, squeezing tennants and they continue to increase rent...well you see where this might go...
Pretz
RFF Chart (TA only), page-525
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Last
$1.95 |
Change
0.010(0.52%) |
Mkt cap ! $758.4M | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.96 | $1.94 | $441.2K | 227.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 26467 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 21536 | 16 |
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| Last trade - 12.25pm 10/10/2024 (20 minute delay) ? |
| RFF (ASX) Chart |