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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PULSE CHECK WEBINAR: Portfolio positioning towards FY26
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Gerrish: The correction is done, we’re positioning for what comes next
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Friday 6th June – Dow off -108pts, SPI down -13pts
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