Thank you OV for providing that "bit of reading". It clearly demonstrates unitholders "suffer the consequences" of the boards ineptitude.
Exactly, NO rent rises for 5 years; obviously the tenant drafted that lease.
"The increase in values has been driven by general firming of yields in Sydney, Melbourne and Perth markets for institutional grade commercial assets. " i.e NOT by ANY rent rises.
During the NXT appointed and aligned boards tenure, they claimed to have done nothing (except collect exorbitant fees and fail to put the rent up). Their own words state the only reason there has been any "increase in value" is a compression in the cap rate.
Difficult to see the authors of the 1/2 decadal rent rise pushing hard at the review.
btw OV, what about the exorbitant management fees the NXT appointed and aligned board are skimming off the top, some of the highest in the industry.... ? Will the board drop them and match 360s proposed fee.
AJD Price at posting:
$1.85 Sentiment: None Disclosure: Not Held
