Floated early NOV 2016 at $4 per share with a market cap of 825 million, these guys have been busy over the last 4 and a bit years growing the market cap to 2.65 Billion with capital raisings at the following prices.
- 2017 – $4.15
- 2018 – $4.04
- 2019 – $4.67
- 2019 – $5.20
- 2019 – $5.35
- 2020 – $4.85
- 2020 – $4.65
These guys like to issue shares but to be fair they have purchased well and now have a good mix of RE assets, very low exposure to shopping centres and offices, debt is cheap at about 4% and very diversely held with many mixed short and long maturity’s. The dividend stream has been consistent and slowly growing paying about $1.10 since listing, trading at $4.65 at the moment with a little downwards momentum, yield about 5.7% and reasonably safe, in a super low interest world CLW looks like good value to me compared to a TD or bond type investment.
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