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Are you sure your REIT’s dividend is sustainable? (Part 2 – iReit Global)
By Llama Finance  •  July 3, 2020
In terms of proportion of Top tenant revenue contribution, the REITs are ranked in this following sequence: Rank 1: Elite Commercial GBP REIT at 99% Rank 2: First REIT at 81.59% Rank 3: Parkway Life REIT at 58.5% Rank 4: iReit Global at 45.80% Rank 5: Keppel DC at 41% Rank 6: Lendlease Global at 29% Rank 7: Starhill Global at 22.9% Remember the article I wrote previously here - https://www.llamafinance.com/2020/05/are-you-sure-your-reits-dividend-is.html ? It was on whether dividends is really sustainable for the top 3 REITs ranking in terms of top tenant revenue contribution above. I have wrote about EC World and interestingly, found that 77% of its tenancy leads to the same entity. Meaning, 77% of its rents comes from a single source. And, this is only discovered after doing some drilling of documents. Right now, First REIT has taken a hit from potential restructuring of its rental payments between Lippo Karawaci and Siloam hospitals. EC World REIT is under investigation from Commercial Affairs Department....
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By Llama Finance
Hi everyone! This is Mr Llama. Mrs Llama is my fiancee. I am in my late 20s. This is the tricky age where one is trapped between trying to save, and having to spend a huge sum on settling down. Yes, I am talking about Engagement, Wedding, and having a flat. It does not come cheap in Singapore.
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