Post Reply
241-260 of 379
At the minimum level their management are smart. Using the super low Japan loan to manage reit. And their reit acquisitions are increase the yield..
I invest in the management
I invest in the management
im sure they hedge their fx risk so they may not gain as much with the strengthening yen...as for tourist...limited impact for them since their retail malls are all in the heartlands non-tourist areas...this is a very good reit...dont miss chance to be shareholder...
Will the steadily strengthening Jap Yen help or hurt Croesus more? In the Help camp - keeping inflation and Yen interest rates Low, higher conversion to SGD from rental receipts in Yen, rising capital gains due to currency translation. In the Hurt camp - will it dampen tourism, encourage Japs to spend overseas instead of locally and make acquisitions and hedging costs more expensive? Views?
Broker' s Report
By PC Lee / theedgemarkets.com  | April 8, 2016 : 2:27 PM MYT
SINGAPORE (April 8): CIMB is keeping its &ldquo add call&rdquo on Croesus Retail Trust with a higher target price of 91 cents from 88 cents.
CIMB is raising its distribution per unit estimate for Japan-focused Croesus Retail Trust for fiscal 2016-2018 in the range of 0.4%-4.6%, to factor in the 3.3 billion yen ($41 million) acquisition of the Fuji Grand Natalie mall in Hiroshima.
The mall has a " favorable" net property income yield of 6.3%, CIMB notes. The acquisition raises Croesus Retail' s assets under management by 3.7% to 99.8 billion yen.
As at 2.10pm, units of Croesus Retail Trust are trading down 0.6% at 82 cents.
Let's not praise this and its merits too much. Otherwise will attract too much unwanted attention. LOL.
Jw2015 ( Date: 24-Feb-2016 00:39) Posted:
|
Most ppl say the gearing is too high. But they dunno this REIT is in Japan.. It's a lending paradise.. Negative interest
Write up on Croesus Retail
http://heartlandboy.com/initiation-report-on-croesus-retail-trust/
Agree that investors have to get more clarity on the exact hedge instrument used.
Does this mean also that CRT benefits from any strengthening of Jap Yen for both revenue and capital gains, but is hedge if the Yen weakens against S$ beyond these hedge rates? It would be clearer if we knew what type of hedge instruments they were using, ie currency options or futures etc.
Secret_Squirrel ( Date: 23-Feb-2016 19:15) Posted:
|
If you look at their recent investor presentation, found at SGX Website, it said that their expected distribution hedge for SGD/JPY for FY2016, FY2017, FY2018 at average hedge rate is 85.03, 84.16, 76.37 respectively.
So in the long term, yen is getting stronger than sing dollar?
cutecute16 ( Date: 16-Feb-2016 17:12) Posted:
|
Enter to get 0.035 cash divident?
N for those who keep insisting (er ... or are they really that dumb?) that SPH' s gonna stare at empty malls going forward because people will switch to shopping down the e-alley, they might want to take note of this .... unless the japs are so dumb don' t know how to boot up an e-device.
Malls' acquisition lifts Croesus Retail Trust' s DPU for Q2 2016
Goldfinger ( Date: 12-Feb-2016 08:14) Posted:
|
Those with access can read the pg 8 BT article on CRT today. I liked the foreword thinking and general attitude and message of responsible shareholder treatment communicated by the CRT CFO. Gives me confidence for the longer term.
Malls' acquisition lifts Croesus Retail Trust' s DPU for Q2 2016
By Melissa Tan [email protected] @MelissaTanBT
FEB 11, 2016 8:36 AM
THE acquisition of two malls in Japan gave a lift to distributions for Croesus Retail Trust in its second quarter.
Distribution per unit (DPU) for the three months ended Dec 31, 2015, was 1.79 Singapore cents, up 5.3 per cent from a restated 1.7 Singapore cents the previous year, the trust said in a Singapore Exchange filing on Thursday morning.
Net property income for Q2 2016 climbed 14.1 per cent to 1.37 billion yen (S$16.8 million) on the back of a 24.7 per cent expansion in gross revenue to 2.43 billion yen from the previous year.
Income available for distribution came in 11.3 per cent higher year on year at 973.32 million yen for the period.
Good read for insights into Japanese retail currently...
http://www.bloomberg.com/news/articles/2016-02-09/gucci-buying-chinese-boost-japanese-premium-mall-sales-to-record
http://www.bloomberg.com/news/articles/2016-02-09/gucci-buying-chinese-boost-japanese-premium-mall-sales-to-record
what happened?
http://www.tourism.jp/en/statistics/#inbound
Hi - Does anyone know how the FX hedge for CRT works? That is, do they get compensated via the hedge if the Yen-SGD declines but do they also lose out if the Yen appreciates against the SGD, which seems to be the case recently? Or is the only cost the hedge fees and they benefit if the Yen appreciates from higher translated revenues? They should benefit from capital appreciation thru valuation increases in any case.
Thanks in advance.
Thanks in advance.
Croesus RTrust 10.19% is the highest!
http://mystocksinvesting.com/singapore-reits/singapore-reit-fundamental-analysis-comparison-table-3-january-2016/
Great. This one surging fast too. People start to realise that reits and trust provides a much much higher dividend return than the miserable 0.25% hike (or 1% hike by end 2016) by US.
Broker' s Report
INGAPORE (Sept 30): Croesus Retail Trust is expected to pay out a higher yield to its unit-holders next year and its latest acquisition of a property in Japan is yield accretive, KGI Fraser says in a note.
The Japan-focused business trust announced that it is buying a suburban retail small in Japan which will be partly financed via a $69.7 million rights issue.
&ldquo Meanwhile, we keep Croesus Retail Trust at a Buy due to its high yield and stable profile while it benefits from a strengthening yen during a risk-off market,&rdquo says KGI.
Units of Croesus are down 0.6% at 83.5 cents.