Its simple. The lack of independence in the lease means the REIT should not be valued as highly as it is. Collapse the lease structure to accept that a related party is and all you have is a corporate farmer. Corporate farmer trades at lower valuation than a REIT with independent tenants. Rarely does the market get it wrong. This may just be one of the rare ones. I think the market has it wrong.
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Last
$2.00 |
Change
-0.025(1.24%) |
Mkt cap ! $774.5M | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.04 | $1.99 | $964.9K | 481.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4307 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 1256 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RFF (ASX) Chart |