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.