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OUE Hospitality Trust IPO Listing
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Clipper
Member |
23-Dec-2017 16:20
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bro Shifu888, I agree with you this OUE Hospitality Trust has potential to move up in price and DPU given the increase in Traffic/Transit at Changi Airport and Tourists for the Mandarin Orchard hotel. Also, the slowdown in new hotel rooms should improve yield. Can you share more about this REIT becoming a Privitization Candidate. Thank you.
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Shifu8888
Supreme |
23-Dec-2017 15:42
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In the money..... $0.88 is a matter of time. Privatization candidate
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teeth53
Supreme |
23-Dec-2017 13:11
Yells: "don't learn through life, learn to grow with life " |
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Lippo Retail Reit - Moody's downgraded both Lippo Karawaci's "B1" and Matahari Putra Prima's "B1" rating to junk territory.
Over next 12 - 18 mths, Jacintha Poh, Moody's VP and senior analyst, said: "We expect, LMIRT's financial metrics will weaken, on the back of aggressive acquisitions, such that the trust will prove more vulnerable to foreign exchange rate fluctuations and asset devaluations." LMIRT's leverage will increase following proposed debt-funded acquisitions of two retail malls, Lippo Plaza Jogja and Kediri Town Sq, S$98.1mil, which are scheduled to complete by end of 2017. Specifically, the trust's pro-forma adjusted debt to total deposited assets will increase from 36% to 39% as@Sept 30, 2017, and its adjusted net debt to normalised Ebitda (earnings before interest, taxes, depreciation and amortization) will weaken from 3.7 to 4.1 times over the same period. LMIRT also faces a refinancing risk in 2018, with S$100 mil in medium term notes due in Nov and S$90 mil of secured loans.
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teeth53
Supreme |
23-Dec-2017 12:38
Yells: "don't learn through life, learn to grow with life " |
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http://www.sharejunction.com/sharejunction/insightArticle.htm?id=0&s=1
RHB Top pick on Reits play with target of 0.88c for OUE HTrust. |
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teeth53
Supreme |
02-Nov-2017 08:44
Yells: "don't learn through life, learn to grow with life " |
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OUE Hospitality Trust (OUEHT) chalk up a 10.6% yr-on-yr rise in distribution per stapled security (DPS) to 1.36 cents for the 3rd Q, ended Sept 30.
OUEHT - a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-Reit) and OUE Hospitality Business Trust (OUE H-BT) - has an asset portfolio consisting of the 1,077-room Mandarin Orchard S'pore, the 563-rm Crowne Plaza Changi Airport (CPCA), and Mandarin Gallery retail mall. Gross revenue rose 5.4% yr-on yr to $34m on the back of its hospitality segment, where revenue climbed $1.7m due to higher master lease income from its two hotels. Net property income (NPI) edged up 3.8% to $29.46m owing to higher NPI from the hospitality segment, while income available for distribution for the quarter increased 10.9% to $24.68 million. For the quarter under review, master lease income was 6.7% higher for Mandarin Orchard at $19.8m as it racked up a higher revenue per available room (RevPAR) of $242, versus $224 a year ago. Banquet sales and food & beverage outlets also contributed to the higher master lease income, OUEHT said. Over at the expanded CPCA, master lease income was 10.7% higher@$5.6m owing to the additional inventory of 243 rooms added in August 2016. RevPAR for CPCA for August and Sept clocked $180, up from $147 for corresponding 2-mths in 2016. GROSS REVENUE: $34 million (+5.4%) NET PROPERTY INCOME: $29.46 million (+3.8%) DISTRIBUTION PER STAPLED SECURITY: 1.36 cents (+10.6%) "In 3Q2017, CPCA has fully drawn down its income support," said OUEHT. "OUE H-Reit continues to benefit from the downside protection accorded by the minimum rent of $22.5m/annum as part of CPCA master lease agreement as it builds on efforts to ramp up operations amidst a competitive hotel mkt." On the retail front, Mandarin Gallery's occupancy rate increased to 96.4%, up from 89% a year ago, while rent per sq-foot per mth fell from $24.60 to $22.90 due to negative rental reversion in the preceding quarters. As a result, its retail income edged up 0.8% to $8.58 million in the 3rd quarter. OUEHT highlighted that the mkt environment for the hotel industry will remain competitive with new supply coming on stream, even as 2018 brings back biennial events such as the Singapore Airshow. "Still we are continuously exploring leasing opportunities with current and potential tenants, and remain committed to curating the right tenant mix to retain the mall's positioning as a destination mall." The DPS will be paid out on Dec 1. Units in OUEHT closed at $0.81 yesterday, up half a cent. |
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jm2212
Master |
11-Sep-2017 13:34
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nice, going up slowly and steadily.... waiting for OUE to move next | ||||
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Secret_Squirrel
Elite |
28-Aug-2017 21:06
Yells: "Stay curious but skeptical" |
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Now already 76 cents. moving up steadily.
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laksaman57
Supreme |
20-Jun-2017 22:39
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OUE Htrust has ONLY two properties and one with only 39.5yrs remaining lease tenor. DPU will be easily impacted.
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jm2212
Master |
20-Jun-2017 22:28
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One month since i last posted, FE HT went up by 10% but OUE HT hardly move....@#$^&&* | ||||
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teeth53
Supreme |
20-Jun-2017 21:48
Yells: "don't learn through life, learn to grow with life " |
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OUE H-Reits it seem better then Lippo retail reits?. | ||||
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jm2212
Master |
08-May-2017 14:14
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I have both oue and fe h trust, the latter has more potential to have capital gain. May want to switch some over | ||||
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Shifu8888
Supreme |
08-May-2017 13:04
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Right price is $0.80 and above. For yield and capital gain..... I had since been promoting it at mid 60s. Better return than bank shares, the latter is overbought now. | ||||
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john_ric
Supreme |
08-May-2017 12:38
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when the share price of a riet , say x, keep decreasing, the yield % will seem to increase even if the dpu decrease over the years. simple calculation explains this : if x= $1.00 per share, dpu = 15x4 quarters= 60 cents per 1000 shares, yield = $ 60/1000 = 6%. { assume dpu=15 per Q} if x= $0.8 per share, dpu = 14x4 = 56 cents per 1000 shares, yield = $ 56/ 800 = 7%. capital loss is $200. yield on paper increase to 7% although actual dividend is $56 only. one good example is sabana reit. over the years share price dropped from 1.5 to 0.5 before recent right issue. but the yield on paper is 10% , highest among all reits. but its loyal long term share holders lost big. ===== |
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jeremyow
Master |
08-May-2017 11:19
Yells: "Passionate business investor" |
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I think what Jm2212 meant was paper loss since IPO price $0.88. Of course if we factor in distributions collected so far over the past 4 years, with current price of $0.72, the total returns from unit price plus distributions collected still makes a unitholder have net positive total returns. However having said that, if the unit price is either on a slow decreasing trend or remains stagnant, then the total returns from unit price and distributions collected may not seem that lucrative. It is losing on one side (unit price capital depreciation) while gaining on one side (distributions). If the unit price of a particular REIT or business trust is on a long term slow decreasing trend even while giving out good distributions/dividends, one really need to ask the reason why? Is it that the NAV of the REIT and business trust has not grown over the years or even is on a slow decreasing trend. This could mean the valuations of the assets owned by the REIT or business trust are being valued lower and lower through the years. Then what could be the reason(s) behind why the valuations of the assets owned keep depreciating in value? Are the assets of inferior quality and viewed by the market as less sought after? Are there any inherent fundamental weaknesses of the assets resulting in their valuations decreasing over time (e.g. short land lease running out)? Sometimes, it is the place where the assets are found which could influence their prices. For example, if there are too many supply of the same type of assets (buildings) in a particular location, then due to the oversupply, the valuations of the assets could slowly decrease over time. Or if it is relatively less costly and not too time consuming and the land zoning still allows more of the same type of assets (buildings) to be built in a particular location in a build-to-operate scheme compared to buying over exising assets to run, then the value of existing assets could face downside pressure in their valuations as more new builds come onto the scene. Or sometimes, it could be simply the stability of the cash flows and distributions/ dividends generating ability of the assets (buildings) in the industry which it is in (retail, industrial, healthcare, hospitality, infrastructure, telecommunications etc.) which could affect the unit/ share price? Afterall, unitholders/ investors like stability of increasing distributions/ dividends over time and no one likes volatile surprises of fluctuating distributions/ dividends year-upon-year. A REIT/ business trust that cannot show a stable growth in their distributions/ dividends over time will see their unit/ share price come under downside pressure and cannot show unit/ share price appreciation. Also, the country which the assets are found could affect their businesses? Is the respective industry in the particular country growing well because the assets (buildings) of the REIT/ business trust relies upon attracting their tenants in the respective industry? If the particular industry in that country is not growing well, it could also create pressure on the occupancy rates for the REIT/ business trust operating in that particular industry in that country. Thus, two important metrics a unitholder need to consider when investing in REITs/ business trusts. Are the valuations of the assets (buildings) owned by the REIT/ business trust appreciating over time or are they depreciating over time? Are the cashflows and distributions/dividends of the REIT / business trust also increasing over time or decreasing over time? Bear in mind that all REITs/ business trusts will pay their manger management fees and these could be either in the form of cash/ units issued or combination of both. And the managerment fees either in the form of cash or units issued will be a constant cost to their unitholders. Thus, a manager which is good in growing both the valuations of the assets (buildings) they owned through different good measures (e.g. asset enhancement scheme or buying and selling quality assets at opportunate times at good prices) and also the cashflows and distributions/dividends generating ability of the assets (buidlings) will still be able to add value to their unitholders despite the ongoing management cost. If the REIT/ business trust is not able to carry out actions that will improve the valuations of their assets (buildings) owned over time, then their NAV may still decrease over time affecting their unit/ share price even while seemingly the number of assets (buildings) have been growing over the years through ongoing acquisitions. Also, if the REIT/ business tust is not able to grow their cashflows and distributions/ dividends over time through carrying out cashflows and distributions/ dividends accretive actions over time, then the unit/ share price plus distributions/ dividends could be affected as well. Watch out for the changes in the trends of the valuations of the assets (buildings), NAV and also the cashflows, distributions/ dividends generated by those assets(buildings) over time. These two important overarching metrics could be tell tale signs of how the REIT/ business trust' s ability to either add value or decrease value to their unit/ share price over time. Or they could signal that the REIT/ business trust could be operating in a hostile environment which despite the good quality of the manager, the operating environment just simply overrides everything and results in poor business economics or at best only an average.
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laksaman57
Supreme |
07-May-2017 17:05
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Hotel Mandarin Orchard remaining lease 39.5yrs | ||||
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jm2212
Master |
07-May-2017 16:01
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Aiya....dividend cannot count in one la
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Shifu8888
Supreme |
07-May-2017 15:21
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Impossible to lose money. If u been holding since Ipo (@0.88), per year dividend about $0.06 at least. For 4 years dividend already $0.24. How about it's nil paid rights? If u sold it, will bring down the principal further.
Don't worry, this baby will be privatized by oue eventually or acquiring by Lippo group at more than $0.90. Mark this....包 吃 .
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jm2212
Master |
07-May-2017 14:55
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Still loss $ since ipo | ||||
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marubozu1688
Master |
06-May-2017 22:41
Yells: "Be humble in front of Mr. Market." |
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OUE HTrust Q1 Earning and DPU. http://mystocksinvesting.com/singapore-reits/quarterly-earnings/dpu-summary-of-5-reits-who-reported-this-week-2-5-may-2017/ |
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teeth53
Supreme |
05-May-2017 09:04
Yells: "don't learn through life, learn to grow with life " |
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OUE Hospitality Trust (OUE HT) has announced a distribution per stapled security (DPS) of 1.3 cents, representing a 18.2% increase from the 1.1 cent DPS declared a year ago.
Gross revenue for the quarter grew 6.4% to $32.1m from $30.1m in the previous year, with higher contributions from both trust?s hospitality and retail segments. Hospitality revenue was $1 million higher than the year before at $23.4 million, which was largely a result of $1.6 million of higher master lease income from Crowne Plaza Changi Airport (CPCA) which more than offset the $0.6 million decrease in master lease income from Mandarin Orchard Singapore (MOS). Retail revenue, too, grew 12.3% to $8.7 million due to a higher average occupancy rate at 94.7% as compared to 82.9% in the same quarter a year ago. Net property income (NPI) increased by 4.3% to $27.4 million from $26.3 million in 1Q16, boosted mainly by a 17.6% increase in contributions from retail to $6.4 million from $5.4 million in the previous year. Master lease income from MOS was $0.6 million lower than that of 1Q16, as MOS recorded a lower RevPAR of $217 as compared to RevPAR of $222 in 1Q16 despite improved occupancy. Master lease income from the enlarged CPCA was $1.6 million higher than 1Q16 due to enlarged room inventory in CPCA with the addition of Crowne Plaza Changi Airport hotel extension?s (CPEX?s) 243 rooms which opened for business on 1 August 2016. Units of OUE HT closed flat at 72 cents on Thursday. |
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