My Thoughts on MIT 2Q15 Result

By Scg8866t Stockinvesting • October 23, 2014

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Collated the current result with its previous quarters from 2nd Qtr 2013 onwards. Although its total returns before tax is lower compared to previous quarter(43,519 vs 44,182), it edged out on total avaliable distribution due to better adjustment of net effect of non tax deductible items. DPU and EPS shows consistent growth(as shown above).

Total assets decreased mainly due to the repayment of loan using cash, partially offset by the acquisition of a light industrial building located at 2A Changi North Street 2 and additional progressive development costs incurred on BTS projects for Equinix and Hewlett Packard. Its loan due FY15 was refinanced earlier by MIT, bringing its weighted average debt tenure to 3.6years. Occupancy inched higher from 90.7% to 91.5%(1Q15). Gearing is at 32% and price to ...

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