i don't think reduced earnings is a concern. the usual ASX healthcare/tech darlings are pretending yields are still below 2%, you got 10-11% CAGR stocks with high 30s forward p/e in this yield environment, same as during the TINA phase of near 0% yield, wtf? earnings isn't a concern.
looking at other REITs with lower p/e that are getting crushed even more than CLW, im quite sure it's just an NTA issue. CLW's gearing is quite high among ASX REITs, the have lower cash reserve than most too. REITs getting smashed nothing to do with earnings/cashflow imho, all about gearing.
this is the only sector that didn't not recover from GFC. @volf is very right to point this out, REITs are the most dangerous sector right now.
target price $3.99, page-23
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Last
$3.51 |
Change
0.010(0.29%) |
Mkt cap ! $2.537B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.53 | $3.47 | $3.134M | 893.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13341 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 21303 | 2 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| CLW (ASX) Chart |