If you look at their rental structure it's based on CPI so whilst interest rates are pushing costs up the revenue line is also moving... Margins might be squeezed a little but the beauty of this business is the rent is linked to CPI and they have hedged a lot of their debt for multiple years. Taking that risk off the table.
The only risk I see here is if Agricultue commodity prices keep going down, squeezing tennants and they continue to increase rent...well you see where this might go...
Pretz
If you look at their rental structure it's based on CPI so...
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Last
$2.01 |
Change
-0.010(0.50%) |
Mkt cap ! $780.3M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $2.00 | $826.6K | 410.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 42307 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 4448 | 1 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
$2.01 |
Change
-0.010 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $2.01 | $2.02 | $2.01 | 39627 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| RFF (ASX) Chart |