Your valuation is most likely right, but you have not factored in possible equity dilution which nullify's all your workings. Other reits which have stronger balance sheet and no near term debt refinancing still went to the market for a capital raising, most likely pressured by the banks for one to reduce debt and leverage.
the fundamentals, page-9
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Last
$36.60 |
Change
0.900(2.52%) |
Mkt cap ! $69.96B | |||
| Open | High | Low | Value | Volume |
| $35.88 | $36.69 | $35.84 | $100.9M | 2.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 175 | $36.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.60 | 39274 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |