First REIT announces their third quarter earnings announcements.
Announcements here.
Not much changes in fundamentals but of note is that based dividend will be raised from SGD $0.0156 per quarter to SGD $0.0168. This is good news because they seem to be paying out $0.0156 for a long long time.
Finally we see some rent escalation in the works.
The DPU is lower than last year because last year’s 4 quarters includes capital gains from the sale of Adam Road property.
Shareholders will look forward to income contribution from 2 hospitals bought recently with debts.
Should they do it correctly as compared to LMIR, this should add income and more payout to share holders. Any spread from NPI – debt interest is a win for investors.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.