My first REIT, my first stock, my first love. Yes yes yes, we're not supposed to fall in love with our stocks.
But I can't help it. =p
Q3 results
These metrics are encouraging. I think the down cycle of the retail market is bottomming out. Tenant's sales are finally increasing y-o-y alongside the shopper traffic. Just a few quarters ago, we saw the decreasing traffic and sales in the malls.
Perhaps the haze has gotten Singaporeans to stay in the malls?
Net property income was down 0.5% YTD September mainly due to the lower occupancy rates at JCube and Clarke Quay, coupled with the AEI works at IMM and Bukit Panjang.
Luckily, utilities costs went down, allowing DPU to increase by 5% YTD.
JCube & Clarke Quay
I'm watching closely at JCube and Clarke Quay. Management noted that Clarke Quay will be rearranged, with Zouk their potential new anchor ......