Finally August is almost coming to an end and we have 4 more months to go before 2020 ends. It seems like the year has been wasted!
In terms of market performance - the local market is nowhere compared to US markets in terms of depth and recovery. Sigh!
The timing of my purchases in the SRS portfolio could have been better but they have recovered from its low and I had benefited from the recovery from April to June, where I "rebalanced" my portfolio.
Here are some of the news that affected the portfolio.
Lendlease - Q4 DPU misses IPO forecast due to CCB
Lendlease announced a poor set of Q4 results due to the effect of CCB 🤕😂 on 313 Somerset where rental waivers were granted. Q4 DPU is 0.48 Singapore cents for the quarter ending 30 June 2020. The REIT will also adopt a "half-yearly" reporting instead of "quarterly".
For the period from listing to 30 June 2020...