Hi Robertch,
My understanding is that the current guidance is 10.6c.
I recall that management stated that this may not be repeated in subsequent years as the 10.6c related to some one-off items. However I would be surprised if it is not in he high 9's. In addition I believe that the lease structure for the tenants provides for regular rental increases.
In time I would imagine that AEU's borrowing costs will significantly lower when the debt rolls over.
AEU wasn't in the most robust position when the last debt negotiations were carried out. I don't know, off the top of my head, when the next debt negotiations are but I would imagine that the management will be able to save a significant % here and thus increase profitability.
Cheers
John
Hi Robertch,My understanding is that the current guidance is...
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