Shares & Derivatives
ARA 3rd Quarter Results – Steady Growth
By StockBrokerPlaysPoker  •  November 7, 2015
9 month reported net profits were down 24% due to one time gains realized in 2014, stripping away them would show that core earnings were up 9% instead. Asset under management grew steadily by 7.8%, much more than what I expected. Going forward I would be happy to see AUM growing at 5% or better each year. 2015 was a busy year for ARA as seen by their REITs divestment/acquisition activities. Korea seems to be their next leg of growth as a 3rd private REIT was set up, while the private funds also saw quite a healthy amount of capital being raised. At 16.5 times earnings, ARA still looks cheap for a steady growth stock at net cash position. I do hope it can become a blue chip some day, like 5-10 years later. This remains my biggest position at a weightage of 14.7% of the stock ......
Read the full article
By StockBrokerPlaysPoker
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance