Apr 20, 2018

Cory Diary : CAPITALAND MALL TRUST 1Q18 ( CMT )

Quick collection read from today CMT 1Q18 report


  • DPU 1.8% YoY. That's about 5.4% yield at today $2.10 stock price.
  • Operating expenses decreased 4.7% which is quite significant.
  • Raffles City Singapore (Joint Venture) NPI is up. Was not so good in previous report.
  • Gearing lowered to 33.5%


Nice set of result. And we still have Funan Mall as a wild card.  To top it up, Sale of SSC for S$248.0 million. That's a good premium and helpful buffer for many quarters to come. Not sure I have opportunity to accumulate more next week.



Cory
20180420

No comments:

Post a Comment