CIP -0.82%: received strong independent valuations for their property holdings today however that failed to really help the stock higher. The largest industrial property REIT in Australia, CIP had their portfolio value lifted by ~11% on prior book value. The pro-forma NTA now sits at $3.85/sh, a 6% premium to where shares closed. The portfolio now trades on a cap rate (which is income as a percentage of book value) of 4.53%, a relatively healthy figure considering the portfolio is 98.8% leased with a weighted average lease expiry (WALE) of over 9 years.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Friday 9th May – Dow up +254pts, SPI up +3pts
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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Friday 9th May – Dow up +254pts, SPI up +3pts
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