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.
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