Newmark Property REIT (NPR.AX)
Newmark Property REIT operates in the REIT - Diversified industry of the Real Estate sector, headquartered in South Yarra, VIC, AU. The stock last traded at $1.42, up 2.54% on the session, giving a market capitalisation of $251.6M. Its beta of 0.74 implies it has historically moved less than the broad market.
Launched on December 7, 2021, Newmark Property REIT (NPR) functions as a stapled security, bringing together the Newmark Hardware Trust and the Newmark Capital (Chadstone) Property Trust. Its core mission is to generate steady and expanding income payouts for its investors. NPR accomplishes this by granting access to a portfolio of prime, strategically positioned Australian hardware and large-format retail properties, predominantly leased to Bunnings, a key subsidiary of Wesfarmers.
Newmark Property REIT is most often compared with the following Real Estate names: