Shares & Derivatives
Cory Diary: Reading Frasers Centrepoint Trust Annual Report 2015
By CoryLogics  •  January 2, 2016
Just received the latest annual report this week. Taking some notes.Titled "SUSTAINING LONG-TERM GROWTH". This tells me something or am I reading too much into it ? Financial Highlights Share price is below book value.  6.3% Yield. Less impacted by the poor retail environment. AEI Northpoint - 2nd largest mall in the portfolio will undergo AEI in phases over 18 months. There's hint on possible acquisition of new assets in their sponsor's portfolio. Nevertheless I look forward to the NPI number due to the AEI impact ! Occupancy and Expenses 84.2% occupancy in Bedok Point. Maybe they should sell it than holding the baby for the parent. Anyway is only 3.8% of the Reit. Changi Point will be something we need to understand in next few quarters. Overall expenses increased 14.9% which is above Gross Revenue and NPI growths. Financing Gearing 28.2% at 2.4% cost. ......
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By CoryLogics
I am not an investment adviser. Nothing herein my blog constitutes investment advice. Is my personal believes that not everyone has to go through the hard way. This blog also serve a purpose to help me record my understanding and personal learning growth. I sincerely welcome all comments.
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