Post Reply
381-400 of 478
https://www.bloomberg.com/news/articles/2019-01-23/while-u-k-dithers-over-brexit-finance-outflows-pick-up-speed
Tq bro Laksaman,... the thing that caught my eye in the articles was that business sentiment started to dampen from January this year,... till June, in the q2 report,... In the q417 report,... business entiment was still strong. ...
laksaman57 ( Date: 15-Aug-2018 19:18) Posted:
|
http://www.cushmanwakefield.com/en/research-and-insight/deutschland/germany-office-snapshot
Three main issues of iREIT Global that I could think of now :-
1) if we look at the Press RElease for the 2Q reporting last Wednesday, it stated that the last partial loan repayment of Euro 1.275Mil was made in May 2018. This has helped to strengthen its balance sheet and brought down its aggregate leverage to 38.6% as at June 30th....
Hmm,... made so many quarters of partial loan repayments BUT managed to bring down from 40.5% to 38.6% ONLY,... just 2% down means the gearing level IS STILL VERY HIGH !!!!!!
2) that risk of the tenant company DRV exercising its lease break option to return part of its leased space in 2019 continues to linger. The lease break option represents approx 6.1% of iREIT' s total gross rental income as at 31 March 2018. So, if DRV ' runs away' , the dpu may drop by more than 6.1%, assuming all else equal.
3) our dpu is held up by fwd foreign currency exchange contracts onto our SGD received. Such hedgings has cost. What happens to such costs when interest rates rise next year, if the ECB decides to remove stimulus ?
1) if we look at the Press RElease for the 2Q reporting last Wednesday, it stated that the last partial loan repayment of Euro 1.275Mil was made in May 2018. This has helped to strengthen its balance sheet and brought down its aggregate leverage to 38.6% as at June 30th....
Hmm,... made so many quarters of partial loan repayments BUT managed to bring down from 40.5% to 38.6% ONLY,... just 2% down means the gearing level IS STILL VERY HIGH !!!!!!
2) that risk of the tenant company DRV exercising its lease break option to return part of its leased space in 2019 continues to linger. The lease break option represents approx 6.1% of iREIT' s total gross rental income as at 31 March 2018. So, if DRV ' runs away' , the dpu may drop by more than 6.1%, assuming all else equal.
3) our dpu is held up by fwd foreign currency exchange contracts onto our SGD received. Such hedgings has cost. What happens to such costs when interest rates rise next year, if the ECB decides to remove stimulus ?
2Q dpu raised against 1Q because improving occupancy. Favourable office mkt should further improve ireit qtrly dpu. Debt & gearing reducing. Wait for opportunity for further selective acquisition. Last egm, attendee already supported logistic buy as China OBOR takes root.
chengwh1 ( Date: 11-Aug-2018 10:34) Posted:
|
BUt our dpu keeps dropping. Dpu is the ultimate measurement for us, right ?
laksaman57 ( Date: 10-Aug-2018 12:48) Posted:
|
Ireit reducing debt and gearing thru paying out 90% instead of 100%.Prudent mgmt.
Tq bro,... you' re always there to reply,... appreciated it.
If nav keeps rising, but dpu keeps falling, then it only means that the managers are paying-out near to 90%,... and wouldn' t give more,...is this good ?
If nav keeps rising, but dpu keeps falling, then it only means that the managers are paying-out near to 90%,... and wouldn' t give more,...is this good ?
Dpu is but one factor of consideration.
chengwh1 ( Date: 10-Aug-2018 10:57) Posted:
|
In 1Q2018 : Euro 0.90
In 2Q2018 : Euro 0.92.
Hence, 0.90 + 0.92 = Euro 1.82, for 1H2018 !
In 1H2017, the dpu Euro 1.86,... hence a drop of 2.15%,...
NAV rising can compensate the above drops, bro ? Can enlighten please ?
Maybe CEREIT is better than iREIT Global, right ?
In 2Q2018 : Euro 0.92.
Hence, 0.90 + 0.92 = Euro 1.82, for 1H2018 !
In 1H2017, the dpu Euro 1.86,... hence a drop of 2.15%,...
NAV rising can compensate the above drops, bro ? Can enlighten please ?
Maybe CEREIT is better than iREIT Global, right ?
laksaman57 ( Date: 10-Aug-2018 10:21) Posted:
|
NAV notched up to highest level, Euro 0.45
I noticed the dpu in Euro cents DROPPED y-o-y for 1Q2018 and for 2Q2018, it dropped again too. The dpu-equivalent to be paid out in SG Cents ROSE BECAUSE OF the forward foreign currency exchange contracts.
The fact remains that the dpu in the natural currency of the EU keeps dropping. Why is this so please ?
The fact remains that the dpu in the natural currency of the EU keeps dropping. Why is this so please ?
https://www.theinvestor.jll/news/germany/others/bumper-year-germanys-real-estate-market/
http://www.bqlive.co.uk/london-the-south/2017/11/22/news/techspace-expands-into-germany-29052/
https://www.bloomberg.com/news/articles/2017-11-06/jpmorgan-to-citi-said-to-join-brexit-fueled-frankfurt-space-race
useless counter
oldcoconut ( Date: 26-Nov-2017 00:22) Posted:
|
How about 0.73?
oldcoconut ( Date: 26-Nov-2017 00:17) Posted:
|
Brothers, what is a good price to enter?