- Major assets in prime retail locations - high occupancy assured
- Fixed master leases with rental escalations lends stability to cash flow
- Healthy gearing and high interest coverage
- Pro-active interest rate risk management
- Attractive discount to NAV
Reasons Against:
- No identified Sponsor asset in pipeline for injection into the REIT
- Mature assets with limited growth prospects
- Underperforming Japanese assets are a drag on the portfolio
- Manager compensation not based on operational proficiency but on relative stock return
- A weaker Malaysian Ringgit eats into revenue contribution from Malaysia
5 lots @ $0.80 filled. Another building block in my grand scheme of things.
$25,000 vested over the last 3 months. I should probably pat my back for taking a bold step towards my end goal. I'm holding back the champagne popping till I'm retired though!
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Many ...
