My view Snoopy is that interest rates will remain at or very close to record lows for the foreseeable future. Even if capitalisation rates do rise a bit if won't affect the level of increasing dividends ARG is able to pay.
Not sure if I posted a link to their investor presentation held late last month but here it is for anyone interested http://nzx-prod-s7fsd7f98s.s3-websit...989/289413.pdf
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