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already tell you already leverage at +42% mah... think it is one of the highest among s-reits
so to buy more properties, means might need to do placement and rights which are more than often have to be issued at discount to market price la??
negotiate with JTC to extend lease expiry also means might need to put in more money which probably have to be paid by placements and rights which also probably have to be issued at discount to market price la??
aiyoyo... we always come back to this
so to buy more properties, means might need to do placement and rights which are more than often have to be issued at discount to market price la??
negotiate with JTC to extend lease expiry also means might need to put in more money which probably have to be paid by placements and rights which also probably have to be issued at discount to market price la??
aiyoyo... we always come back to this
The calculations are based on ACTUAL FACTS and attached are all the necessary sources..
unlike some ppl who may be a clone of another person coming here everyday to talk nonsense and fear mongering:)
Wonder why Admin allowing all these nonsense? It discourage real and serious users from serious sharing.
Anyway is ok :) I will wait for reply from the authorities for someone spreading false information and market manipulation
unlike some ppl who may be a clone of another person coming here everyday to talk nonsense and fear mongering:)
Wonder why Admin allowing all these nonsense? It discourage real and serious users from serious sharing.
Anyway is ok :) I will wait for reply from the authorities for someone spreading false information and market manipulation
lukewong82 ( Date: 18-May-2022 20:03) Posted:
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Have you also factored in that in less than 10 years, the value of ESR Biz park at Chai Chee, Jackson Square etc.. which is approx 9% of protfolio value might contribute 0 rental income as their land lease would have expired??
What will be the drop in DPU when that happen?? more than 10% drop in DPU??
What will be the drop in DPU when that happen?? more than 10% drop in DPU??
oh my goodness...
if the increase in GFA is 265k at 7000 Ang Mo Kio, and the total GFA of ESR Logos is about 26m
The increase in GFA of the portfolio due to the AEI is a TINY TINY TINY TINY 1% approx
which means the rental also increase about there
what are you even calculationg???!!!??? LMAO
if the increase in GFA is 265k at 7000 Ang Mo Kio, and the total GFA of ESR Logos is about 26m
The increase in GFA of the portfolio due to the AEI is a TINY TINY TINY TINY 1% approx
which means the rental also increase about there
what are you even calculationg???!!!??? LMAO
The AMK 7000 will improve DPU by around 0.1/2.9 = 3.5%.
Then not forgetting positive rental revision will may mean an improvement of 5%.
Then the other 2 AEIs once they can fill up to > 90%, will also contribute even more improvement.
So going forward things are looking positive. Just like how Sabana reit' s completion of it' s AEI for it' s new tech park improves the
DPU and share price adjusted up once that happens, same will go for ESR-LOGOS once future results take the positive improvement
from the 3 AEIs in the next 1 to 2 years
Then not forgetting positive rental revision will may mean an improvement of 5%.
Then the other 2 AEIs once they can fill up to > 90%, will also contribute even more improvement.
So going forward things are looking positive. Just like how Sabana reit' s completion of it' s AEI for it' s new tech park improves the
DPU and share price adjusted up once that happens, same will go for ESR-LOGOS once future results take the positive improvement
from the 3 AEIs in the next 1 to 2 years
lukewong82 ( Date: 18-May-2022 20:03) Posted:
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Clarification:
ESR REIT' s current AEI is to add 265k of GFA at 7000 Ang Mo Kio
Current GPA 1000k (Refer to attached screenshot) and AEI results in an increase of 265k is about 25%
Valuation for 7000 Ang Mo Kio: $300M, Total number of shares 6600M (refer to attached screenshot)
==> AMK 7000 constitute ($302M)/(6600M outstanding shares) = 4.6 cents to the NTA of 36 cents = 13%
==> Assuming therefore AMK 7000 contribute about 13% of the DPU of around 2.9 cents
==> AMK 7000 contributes 13% x 2.9 cents DPU = 0.38 cents to the DPU of 2.9 cents
==> The AEI will add 25% to the DPU = 25% x 0.38 = 0.1 cents
Therefore the AEI will increase the DPU from 2.9 cents to 2.9 + 0.1 cents = 3 cents
With + rental revision to the newly created space, we may get more than the extra 0.1 cents.
Right now , there are 2 AEIs completed late last year and new tenant are still moving in for Changi ESR BizPark (Sept 2021 completed),
Tai Seng (completed 4Q2021, 76% committed).
So the overall effect of the 3 AEIs, AMK 7000, Changi ESR BizPark and Tai Seng will add at least 0.2 to 0.3 cents when dust is settled
which means that DPU we looking at will be around 3 to 3.2 cents which translate to yield of 8.1% to 8.6% yield based on the current
share price of 37 cents.
All these are just the impact of the current AEIs. Not forgetting the potential improved contribution due to the Change BizPark since WFH
is not a thing of the past. Then we also not forget the positive impact due to the merger with ARA LOGOS, the saving of costs and interest.
I forsee a DPU of 4 cents within 2 years which will mean a yield of almost 11%..
ESR REIT' s current AEI is to add 265k of GFA at 7000 Ang Mo Kio
Current GPA 1000k (Refer to attached screenshot) and AEI results in an increase of 265k is about 25%
Valuation for 7000 Ang Mo Kio: $300M, Total number of shares 6600M (refer to attached screenshot)
==> AMK 7000 constitute ($302M)/(6600M outstanding shares) = 4.6 cents to the NTA of 36 cents = 13%
==> Assuming therefore AMK 7000 contribute about 13% of the DPU of around 2.9 cents
==> AMK 7000 contributes 13% x 2.9 cents DPU = 0.38 cents to the DPU of 2.9 cents
==> The AEI will add 25% to the DPU = 25% x 0.38 = 0.1 cents
Therefore the AEI will increase the DPU from 2.9 cents to 2.9 + 0.1 cents = 3 cents
With + rental revision to the newly created space, we may get more than the extra 0.1 cents.
Right now , there are 2 AEIs completed late last year and new tenant are still moving in for Changi ESR BizPark (Sept 2021 completed),
Tai Seng (completed 4Q2021, 76% committed).
So the overall effect of the 3 AEIs, AMK 7000, Changi ESR BizPark and Tai Seng will add at least 0.2 to 0.3 cents when dust is settled
which means that DPU we looking at will be around 3 to 3.2 cents which translate to yield of 8.1% to 8.6% yield based on the current
share price of 37 cents.
All these are just the impact of the current AEIs. Not forgetting the potential improved contribution due to the Change BizPark since WFH
is not a thing of the past. Then we also not forget the positive impact due to the merger with ARA LOGOS, the saving of costs and interest.
I forsee a DPU of 4 cents within 2 years which will mean a yield of almost 11%..
you express so much confidence, queue higher la.. why only at .37
Seamonkeyking ( Date: 18-May-2022 16:21) Posted:
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ESR REIT' s current AEI is to add 265k of GFA at 7000 Ang Mo Kio
just to give a sense of prespective.... the ESR Logos portfolio has about 26m sqft of GFA
so the upcoming AEI addition is a tiny tiny probably 1% of the total portfolio GFA
How much more rent do you think this 1% addition will contribute? these guys are funny lmao... talking as if the AEI is a big part of portfolio.. pls check the data man..
just to give a sense of prespective.... the ESR Logos portfolio has about 26m sqft of GFA
so the upcoming AEI addition is a tiny tiny probably 1% of the total portfolio GFA
How much more rent do you think this 1% addition will contribute? these guys are funny lmao... talking as if the AEI is a big part of portfolio.. pls check the data man..
Likely he is a short seller, so happy that got bearish sign. How I wish there is a " losing money" sign for these evil short sellers.
Imagine, when the stock goes down, only short sellers celebrate. But when stock goes up, the whole world celebrate the downfall of short sellers. Good!!
Imagine, when the stock goes down, only short sellers celebrate. But when stock goes up, the whole world celebrate the downfall of short sellers. Good!!
lukewong82 ( Date: 18-May-2022 16:06) Posted:
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The reason given for the drop in shareholding from 215M to 212M is passive capital restructing. There is no mention of the word selling and selling price in that
annoucement. U are posting fake information to manipulate share price.
Anyway we should wait for ESR-LOGOS' reply.
annoucement. U are posting fake information to manipulate share price.
Anyway we should wait for ESR-LOGOS' reply.
lukewong82 ( Date: 18-May-2022 16:06) Posted:
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These people who listen and then buy and lose money most likely are panic spiders who panic sold to the evil shortists. If hold long enough, the dividends will pay for the losses or better, price rises and the dividends become bonus.
baoyuk ( Date: 18-May-2022 15:50) Posted:
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Ok.. good that u appear again... attached is the screenshot. U saying a big shareholder is selling down when the announcement mentioned it was due to capital restructing.
Absolutely no mention of big shareholder Mondrain selling. Anyway good luck to u..
Absolutely no mention of big shareholder Mondrain selling. Anyway good luck to u..
baoyuk ( Date: 18-May-2022 15:50) Posted:
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Click on the link and see ownership tab. It clearly showed the top 5 shareholders added and not sold. No need to click on form 8 and see, so troublesome. Even if exchange from Alog also increase in ESR-LOGOS and never sell also means they holding on to their new ESR-LOGOS.
https://www.sgx.com/securities/equities/J91U
https://www.sgx.com/securities/equities/J91U
baoyuk ( Date: 18-May-2022 15:50) Posted:
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Dont be funny la.
If you check carefully on the sgx announcement esr logos management page, some of the increase in shares is probably due to them swapping their A Log Shares for ESR Logos shares, some is due to payment of management fees by units, some is due to change of holding vehicles.
For mondrain, their filing on 1 May 2022 on ESR fund management sgx announcement page actually show deem interest decreasing from 215m to 212m and the stake change from 5.3% to 3.2% due to the enlarged entity.
just check the sgx form 3 filing urself la...wah piang...
you guys better make you can back up your claim that they buy shares on market and not that it is just an exchange of Alog for ESR Logos shares or getting shares from payment of fees by units, change of holding vehicle.
if people use your claims and buy and lose money.. gonna be big problem.... i tell u first... for me i tell people.. go check the filings yourself on sgx announcment and READ CAREFULLY THE FORM 3 and you can see who is right
DYODD
If you check carefully on the sgx announcement esr logos management page, some of the increase in shares is probably due to them swapping their A Log Shares for ESR Logos shares, some is due to payment of management fees by units, some is due to change of holding vehicles.
For mondrain, their filing on 1 May 2022 on ESR fund management sgx announcement page actually show deem interest decreasing from 215m to 212m and the stake change from 5.3% to 3.2% due to the enlarged entity.
just check the sgx form 3 filing urself la...wah piang...
you guys better make you can back up your claim that they buy shares on market and not that it is just an exchange of Alog for ESR Logos shares or getting shares from payment of fees by units, change of holding vehicle.
if people use your claims and buy and lose money.. gonna be big problem.... i tell u first... for me i tell people.. go check the filings yourself on sgx announcment and READ CAREFULLY THE FORM 3 and you can see who is right
DYODD