Sunreit has about 25 properties in their portfolio. At most, SMC is a small dent to its profits. Aeon too. It's not like Igbreit which only has 2 properties (good ones though) in their portfolio
I go to Pyramid at least twice weekly. Sad to say, I remember only been to Pyramid Aeon less than 3 times. Since Pyramid lease the space base on SqFt or certain % on Revenue which ever higher. I don't think Aeon can contribute good rental to Pyramid. The exit of Aeon is actually good news for Sunreit future DPU growth
(Sunway-REIT) will have an improved earnings outlook from financial year 2024 (FY24) onwards, driven by increased footfall at its malls, helped further by the recovery in domestic tourism and inbound tourists. Kenanga Research said as international and domestic visitors return, alongside tenant sales and footfall recovering to pre-pandemic levels, it is likely that business momentum will continue to sustain.
Sunreit has been increasing their portfolio organically. Acquisition of non performing property in the market and then dressing them up entirely yielding higher profit margin once the tenancy is full. Look at the port acquisition.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
flyhub888
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Posted by flyhub888 > 2023-09-18 23:13 | Report Abuse
why reduce diversification if the particular business can generate profit ?