Out of 48 REITS, they have GPM as the 9th lowest geared at 22% (or 28% look through).
We are high on current debt due, because at that stage (30 June) we hadn't renegotiated and lengthened our bank debt. Since fixed.
P28 comment - "it is noteworthy that both FKP Property Group and GEO Property Group are in the top 10 lowest geared trusts. Both REITs were fighting for their lives at the height of the GFC but have managed to repair their balance sheets and are now looking forward to a brighter future."
While all 48 have some property link, there are big differences in what the businesses do, so comparisons aren't always straightforward.
Interesting to see they have Stockland at lowly geared and highly liquid atm. Should anything happen in that department, they're my prime candidate to make a play.
GPM Price at posting:
97.5¢ Sentiment: LT Buy Disclosure: Held
