I think they own petrol stations and lease them back to coles branded petrol statations. And collect the rent - they have a deal that they get either a 3% increase a year in rent or inflation. Also the leases are long term agreements i think 13 years.I could be wrong though on some of the details - but sidenote on valuations models i also think this is under priced.
I think they own petrol stations and lease them back to coles...
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Last
$2.25 |
Change
0.020(0.90%) |
Mkt cap ! $1.511B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.28 | $2.24 | $2.614M | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 27088 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.26 | 4499 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| WPR (ASX) Chart |