Actually the properties are still valued at their acquisition price from IronGate a year ago when interest rates where close to zero.
I would expect an "independent" revaluation before EOFY.
Office buildings offering a cap rate of 4.5% when interest rates were close to zero was great.
But when forecast peak interest rates is 4.1%, not so much anymore.
Something has to give and it's going to be valuation.
The market understood it a while ago hence the heavy discount to NTA across the REIT sector.
But obviously not all retail investors have come to that realisation yet.
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $90.91M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.5¢ | $74.07K | 176.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12823 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 148120 | 2 |
View Market Depth
| Last trade - 15.55pm 25/07/2025 (20 minute delay) ? |
| TOT (ASX) Chart |