Wednesday, 21 January, 2015 4:15 PM
Posted by Kevin Scully
I managed to meet the management of SPH REIT this morning. They had just announced their Q1-2015 results on 12 January 2015.
The key highlights of the results were:
a) revenue rose 1.8% to S$50.6mn
b) expenses declined by 6.2% to $12.8mn
c) total return before tax rose 6% to S$28.6mn
d) Net assets attributable to unit holders was S$2.35bn while the fair value of Paragon was S$2.59bn and Clementi Mall was S$571mn according to DTZ.
e) NAV per unit was S$0.93 while the DPU was 1.33 compared to 1.30 in Q1-2014.
f) the fprward looking statement in item 10 of the Q1-2015 results didnt say much but did highlight some not so good macro economic trends such as falling tourist arrivals and possible manpower issues for the retail ......
