solid dividend is contingent on the rentals.....which can swing anytime. pay attn to the lowering occupancy levels in recent years of the Johor assets. If not for Kinta, would have tanked.
Looking at the FR for period ending 30 Sept, the net income from all three regions - southern, central and northern regions looks okay to me. The income is spread over 7 properties...so the risk of tenants leaving is less..unless the country is affected by another covid upsurge or other financial calamity..Also,the growth forcast for the country, especially for the consumer sector, is quite encouraging
The fairly low occupancy for its properties at Bangi, Masai and Senawang (78-80%) ..may be a good sign..as the net income could improve from what it is getting at present..once the occupancy improves..
Of course it will be above Rm1 soon. Go fact-finding and you will know. For me , just add more quietly. And someone mentioned without Kinta City, Kipreit will tanked.
If not for Kinta City, this REIT's revenue and earnings would have been impacted FY20 & FY21 - that is a fact. Moving forward, with full reopening and optimism surrounding the promise of new shareholder/investor as well as mgmt guidance to diversify this REIT i guess the market is finally waking up and fairly appraising the valuation...to be closer to NAV
Based on your calculation, KIP's earnings will be impacted around 1% Other REITs will significant floating rate will be impacted more I guess. But do note that this there are more rate hikes in the pipeline. And there is not much scope for rental revision should we experience a recession.
Valuer Investor Coo1eo, theoritically is 1%, but dont forgot about the rental revision in this 1-2 years as well. i think by 2024 the Company interest rate increase impact can be consider insignificant due to their most borrowings in fixed interest instrument.
Any comments on the new deal? Gross Property yield is only 6.5% Share Placements will dilute EPS and DPS.....more leverage will be exposed to the new norm higher rates. Where is the Growth?
“Moving forward, office REITs would have to cater to the demands of the next generation of workers with features such as on-site childcare or private space at the office, allowing for the benefits of work-from-home at the office,” RHB said.
On the environmental, social and governance (ESG) front, the panelists agreed a proper long-term strategy should be the goal, rather than simply reacting to external pressure, especially as the focus on ESG would move beyond operational to supply chain in the near future.
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Nkk1370
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Posted by Nkk1370 > 2021-09-15 16:47 | Report Abuse
Pick up some at 0.825