Thats why long term relationship and client management is thing the management need to do. So far the occupancy rate is still high throughout years. So depends on your risk management.
I much prefer this method of fundraising than issuing new equity via private placement (diluting shares amd dividends). Sentral management making the right decision to reward shareholders and push their value up. Although I'm not bullish on the office reit sector as a whole, I think Sentral proves their quality and are a good buy at current price. Should go back above 1 by year end.
After 3 months, I come back and review again this stock. The price will not have great fluctuation and will gradually move toward 0.85. Working environment changing. Within my expectations.
according to the latest portfolio of SENTRAL, the Quill 5 is sold out and the money is paid for the term loan and refinance to upcoming properties (can refer to its latest QR). I found out that although this REIT portfolio has about 9 buildings (low no. of asset building since listing), they still manage to produce a consistent revenue. And I observe that their portfolio is slowly shifting towards high-rise buildings if some of you manage to observe their portfolio change since they listing.
Earning a.k.a. profit is after deducting non-cash expenses like depreciation, amortisation etc
Give u an example, I make it a simple scenario so easier to understand the principle that I'm trying to illustrate
ABC REIT every year rental income RM100M Its salaries to staff and manager RM5M Property maintenance expenses RM3M Depreciation of fixed assets RM7M Earnings = RM85M
However, it's perfectly fine for it to pay out RM90M as dividends
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Pinky
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Posted by Pinky > 2021-09-10 11:33 | Report Abuse
For REIT fans, maybe u guys can check out this ETF:
AXJ-REITSETF