Property Stocks Down Under 16 November 2022: Wotso Property (ASX:WOT)
Wotso Property: An office REIT with exposure to flexible working
The bulk of office REITs have never recovered from the Corona Crash as ‘flexible working’ becomes the norm. But WOTSO Property (ASX:WOT) just might be on the right side of the equation here. It is the first (and currently only) ASX REIT to offer flexible office to its tenants. On a 6-month basis, Wotso’s share price is actually in positive territory (by 3%), while the ASX 200 REIT Index is down 8%. Even if we assume flexible working is here to stay, is WOTSO really capturing market share, or are investors just buying in due to FOMO?
Please register or upgrade your plan to access this content.