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.
When it comes to reits the most important part is the per unit data. They could increase the profit easily by acquisition of new properties. But there's always delusion by pp
Interim income distribution 4.66 sen per unit (4.14 sen per unit is taxable, 0.09 sen per unit is non taxable, 0.43 sen per unit is tax exempt) distribution for tax exempt part increased
highly recommend management can consider about dividen reinvestment plan this will help sunreit reduce debt save interest and support sunreit growth aggressively
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Posted by flyhub888 > 2023-09-18 23:13 | Report Abuse
why reduce diversification if the particular business can generate profit ?