Company OverviewARA Logos Logistics Trust (ALOG) has 30 logistics properties (10 in Singapore, 20 in Australia) and stakes in two property funds. Based on its latest 1Q 2021 business update, 73% of its gross revenue is derived in Singapore while 27% is derived from Australia. Based on its FY 2020 DPU of 5.25 cents, it is trading at a 12M trailing distribution yield...
With the announcement of LREIT's results a few weeks back, all retail REITs with exposure to SG retail have announced their results. Similar to the previous article, the focus will be broadly on the performance and outlook for these REITs and I will highlight some catalysts to look out for. Didn't have the time to write FCT, so will leave that out for...
Over the past few weeks, S-REITs have been announcing their results for the quarter ended 31 Dec 2020. Out of the few sectors (Retail, Office, Industrial and Hospitality), REITs with exposure to the Singapore office market have finished announcing their results. The article will broadly summarize what the key takeaways have been for me and also highlight some of the catalysts that investors...
The airline industry has been one of the most badly hit by the Covid-19 pandemic as international air travel ground to a halt. Even as there are green shoots of recovery in the economy and green lanes are opening up, air travel is still >90% down from pre-Covid levels. In light of this, investors have been reconsidering their stakes in the industry. I...
As the world experiences an uneven recovery from the Covid-19 virus, investors continued to pile into markets driving the S&P and NASDAQ indices to all-time highs. The divergence between reality and stock markets have been explained by some as the lack of any viable alternatives for return as interest rates have plummeted. On the S-REITs front, industrial REITs have continued their outperformance while hospitality...
PropNex released its 1H20 financial results and reported a 151% surge in net profit after tax to $16.0m. According to PropNex the key driver of earnings growth was the project marketing services segment, which had revenue growth of $75.1m vs total revenue growth of $75.2m. As this is a higher margin segment relative to the resale market, there was an increase in gross...
Ascendas REIT announced their results about 2 weeks ago and reported a 3.7% growth in distributable income but a 10.8% yoy decline in 1H20 DPU. Broadly speaking results were seen as positive despite the Covid-19 pandemic raging on in other sectors. Positive rental reversions, especially in business parks, were encouraging and gearing of 36.1% continues to provide AREIT with a healthy debt headroom...
