Shares & Derivatives
Cory Diary : Ascendas 3Q’2021 Details
By CoryLogics  •  October 20, 2021
That's for Period of Jul, Aug and Sept. Ascendas Portfolio below. Well diversified. Currently I am tracking around 5.0% yield. Key Development Completed development of Grab HQ : S$184.6M Handover 7/30. This improves SG occupancy. 11 years rental lease. NPI Yield 6%. Divest 2 Australia Properties : S$104.5M This are freehold warehouses. After fees and rate, there are not significant from acquisition price. difference to mention. The smaller one only has 61.7% occupancy while the other 100%. Key Metrics Leverage : 37.4%, Occupancy : 91.7%, Rental Reversion : 3.7% Covid-19 Updates Sept'21 Mandated 2 weeks rental support for SME and specific NPOs. This can be offset from May/Jun relief. Furthermore can enjoy land tax relief. My Brief DPU likely intact and better in next reporting. No DPU in this quarter update due to half yearly reporting. As Ascendas is a...
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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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