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Lendlease Global REIT
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drwealthz
Senior |
02-Nov-2020 12:26
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well... if there is such a sell down by a group like yours then the price will surely dip in the short term i implore everyone else to ask themselves whether the fundamentals has changed for this stock. To me, there is no change at the moment.
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huatster
Senior |
02-Nov-2020 11:30
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Going down to 0.465, like in 6 April? | ||||
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alanmong
Member |
16-Oct-2020 17:42
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Lendlease REIT look weak.. from 0.710 high drop to now 0.670 . | ||||
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chengwh1
Elite |
15-Oct-2020 23:11
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To bro Kenny Loh (Marubozu),... just fyi,... I was looking through your ' REITs Fundamentals' Table this morning,... it caught my eye that you have put the FY-end of Lendlease Global REIT (LREIT) as : 31st Mar. It' s actually on : 30th June. LREIT, being a subsidiary of The Lendlease Group listed in the Australian Securities Exchange (ASX), has its FY-end at mid year which is in-sync with the parent company / sponsor' s FY-end. In my experience, most companies in the ASX have its FY-end on June 30th.... the only one that I know of that doesn' t is DDR, Dicker Data which has its FY-end on December 31st.... I remembered this because DDR has been a great dividend payer to me, paying out 4x a year. Thank you for updating the table regularly for us,...... |
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drwealthz
Senior |
05-Oct-2020 16:50
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Those holding already, propose that you hold all the way long, hold till 2021 and you will thank yourself. Collect both dividends in a strong retail + capital gains. Don' t play with fire by selling now thinking it will drop. The FAs are against you to short swing. And the management will get their mandate to initiate buy-backs before the end of this month. |
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drwealthz
Senior |
05-Oct-2020 14:41
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Govt to release details on roadmap to phase 3 in coming weeks, including expected timeline, changes to rules on size of gatherings |
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drwealthz
Senior |
02-Oct-2020 16:31
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Potential for growth. Buy cheap now at covid now, and hold till 2021 and beyond. |
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goodman
Senior |
20-Sep-2020 18:33
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Don?t forget the SSH whose position is less than 5%.
Get what I mean?! |
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tangoanna
Master |
14-Sep-2020 19:51
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This is moving up slowly everyday. 
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Thiamm
Veteran |
14-Sep-2020 15:52
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There have been married deals lately. Today, 1.3m shares married. | ||||
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LeShramp
Member |
18-Aug-2020 14:11
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I do not think any for-profit entity would provide additional benefits on top of what' s being given by the government unless there' s a strong economic reason to do so. Business cycle, in short, is a rise/fall of central bank interest rates in response to over-/under- consumptions against steady long-term growth. We' re currently at the start of a new low interest rate environment. While the long-term value of property assets should typically grow in tandem with the long-term growth of the economy, business cycles do give rise to asset misallocation, with real estate sectors generally seeing uptrend in a low interest rate environment as liquidity shifts out of money markets into other higher-yield assets. Taking reference from Capitaland Mall Trust as an example. If one takes the lowest price point (i.e. $1) during the GFC against the lowest price point during this crisis (i.e. $1.52), the growth is about 50% over 12 years, average 4% p.a. Adding dividend yield of 4-5%% would be 8-9% which is consistent with the typical long-term growth of equity market. The real estate sector will likely and eventually hit a new high from capital appreciation and as history tends to repeat itself, will reach a point when it' s overvalueed typically 2-3 years after interest rate hikes again. If one believes in history, one will stand to ride the new 10-year business cycle with real estate.
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drwealthz
Senior |
18-Aug-2020 13:38
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Are you sure this is true? Are you saying government give them 1 x and they top-up that 1 x from their own pocket to give to the tenants for nothing? You do understand the business cycle right? Have you seen property or stock market prices and their movements?
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raykee
Veteran |
12-Aug-2020 19:55
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if gov give $1, then pass that $1 to the shop, ok this i agree... but if gov give $1, no reason for me to give $2 to tenants as that $1 is non recoverable... businesses need to calculate their risk and factor this in as part of their company savings
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xc95ye
Member |
12-Aug-2020 16:07
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It is easier for them to help them stay on with the government rebate than to reacquire new tenants which incur more costs. In the long run it pays off when retail subsequently recovers. I believe i read somewhere that LREIT' s rental rate has a tenant performance clause that if the tenant does well the rental will hike, not sure about this so correct me if im wrong.
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LeShramp
Member |
12-Aug-2020 11:30
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@Raykee, rental waivers is the smarter business/economic move in this environment, given: (1) Government provides rental supports to tenants via cash payout to landlords (i.e. Landlords will not get the cash payout if it doesn' t waive the rent. Occupancy rates would have gone down as tenants exit) (2) Demand for retail space is low. Losing a tenant may lead to higher cost (e.g. cost to source and onboard new tenants rental terms that may even be worse off than existing) (3) Spillover effect onto other tenants if the occupancy rates come down. Logically, footfalls will drop and hurt existing tenants if many tenants leave. This would further worsen the situation of existing tenants and drive down occupancy rate further |
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raykee
Veteran |
12-Aug-2020 11:06
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seriously, rental waivers granted to tenants for what? zzzzzz, people sign a contract to rent the place for x number of months then it has to be x amount obtain what..... can suka suka change the prices? zzzzz | ||||
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Joelton
Supreme |
12-Aug-2020 09:10
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Lendlease Global Reit' s 0.48 S cent Q4 DPU misses IPO forecast
LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Tuesday posted a distribution per unit (DPU) of 0.48 Singapore cent for its fourth quarter ended June 30, 62.7 per cent lower than the manager' s initial public offering (IPO) forecast of 1.28 cents.
Gross revenue stood at S$12.5 million for the quarter, missing the IPO forecast of S$21.5 million by 42.1 per cent.
The lower revenue was mainly attributed to the effect of Singapore' s " circuit breaker" and rental waivers granted to tenants at 313@somerset, the manager said in a regulatory filing on Tuesday. This was partly offset by higher revenue from Lendlease Global Reit' s office asset in Milan, Sky Complex, due to a stronger euro against the Singapore dollar, the manager said.
For Q4, net property income (NPI) of S$7.5 million was 53.3 per cent lower than the S$16.1 million forecast.
Distributable income came in at S$5.7 million for the quarter, 62.2 per cent below the IPO forecast of S$15.1 million.
Landlease Global Reit was listed on the Singapore Exchange' s mainboard on Oct 2, 2019, with the real estate investment trust (Reit) jumping 6.8 per cent on its trading debut. The Reit' s IPO had ended with its public offer tranche 14.5 times subscribed.
For the period from Oct 2 to June 30, DPU was 3.05 Singapore cents, 19.7 per cent lower than the IPO forecast of 3.80 cents. A distribution of 1.29 Singapore cents per unit was paid on March 16 this year. The remaining DPU of 1.76 Singapore cents will be paid out on Sept 15, after books closure on Aug 19.
Gross revenue for the period was S$55.5 million, 13.1 per cent below the IPO forecast, while NPI stood at S$40.3 million, 15.6 per cent below the forecast.
Kelvin Chow, chief executive officer of the manager, noted that safe distancing measures at 313@somerset may " inevitably affect footfall and tenant sales" , and that the manager will continue to engage with tenants in meeting their space requirements.
He added that Sky Complex is expected to " remain stable and generate steady revenue" to the Reit, given its long lease term till 2032, assuming that Sky Italia does not exercise its break option in 2026. " Alongside its triple net lease structure, Sky Complex helps to mitigate downside risks during Covid-19," Mr Chow said.
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xc95ye
Member |
11-Aug-2020 23:03
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Vested at 0.7 and will still remain so, Q4 results are generally inline with expectations (expected a roughly 1.7 cent DPU for 1H and was pretty much on point), barring a second wave things should get better on from here after phase 3. Fundamentals are solid and sponsor is strong with a long runway for accretive acquisitions and development for the grange road CP. Sky Complex' s resilience is the saving grace this time providing the anchor so it didnt become a complete DPU washout for this quarter. Have been to 313 on several occasions both weekday, weekend and PH, the vast majority of the shops are seeing some foot traffic which is good. DYODD |
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jimimal
Member |
11-Aug-2020 21:33
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Actually I bought more today when the price drop to 0.625 The overall result is good, Q4 mainly impacted by the 2 months rentals rebate to tenants. (this will recover when tenants start to pay again from Aug onward, the occupancies still more than 90% from the report) The Sky building in Italy is the solid tenancy, generally the service provider business ( satellite and etc .. ) would not move the location easily ( I was in that type of busienss before), so the rental of est 30% from sky is safe The debt interest is very low ( less than 1%) and interest coverage of more than 9X My view is this is one of the good reit to own |
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raiishin
Member |
11-Aug-2020 19:15
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DYODD https://sgstockmarketinvestor.com/5-key-takeaways-from-the-4q-results-of-lendlease-reit/ |
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