Shares & Derivatives
SPH REIT Analysis @ 7 October 2020
By REIT-TIREMENT  •  October 7, 2020
Basic Profile & Key Statistics SPH REIT invests in retail properties in Singapore and Australia and currently owning 5 properties. Its flagship property - Paragon has healthcare exposure which leases to around 90 medical clinics. FY20 Performance Review August is the Fiscal year-end for SPH REIT. Both Revenue and NPI increased due to the acquisition of 50% interest in Westfield Marion in December 2019. Performance is hit by COVID-19 where its income available for distribution dropped 36.4% YoY. SPH REIT retains S$ 14.5 mils distribution, which is equivalent to 0.52 cents DPU. Without Retention, the FY DPU would be 3.24 cents, dropped 42.1% YoY. Lease Profile Occupancy remains healthy at 97.7%. WALE is short at 2.6 years with the highest lease expiry of 26% falls in FY23. Weighted land lease expiry is long at 90.34 years. Debt Profile Gearing ratio is low at 30.5%. Cost of debt is moderate at 2.7% with 100% secured debt. Fixed debt is low at 49.7%.  Interest cover ratio is high at 4.7 times. WADE is moderate at 2.9 years where the highest debt...
Read the full article
By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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Your email address will not be published.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Your Email Address will not be published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