They were curiously quiet about this in the results presentation, despite previous results spruiking increased EPS/ yield growth.
Given the operating revenue growth is increasing ~4.5%, I can only imagine this is due to CLW locking an earning dilutive interest swap/ hedging rate or higher rent incentive CAPEX.
Even though we are receiving a smaller distribution, I see increased hedging as a smart move from management to shield investors from interest rate volatility.
This will be a great share to hold for 5 years +, superannuation fund flows into the industry should keep blue chip real estate cap rates relatively low for some time to come.
They were curiously quiet about this in the results...
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Last
$3.79 |
Change
0.040(1.07%) |
Mkt cap ! $2.740B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.80 | $3.74 | $9.167M | 2.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5298 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 37857 | 6 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CLW (ASX) Chart |