Have been blogging CMT for some period of time. It is an investment of good cash flow and long term returns. Most of their properties are of high quality. If they are to sell them today, it won't be at NAV but sizable upward jump due to their unique location as they are tied to the Vines of Singapore.
Investor who has vested in this Reit would have appreciate the peace of mind. In fact if the reit registered significant jump of dpu, this would be a cause of worry ironically as there could be negative returns that comes along as well. What i like to see is like a sail boat constantly moving ahead in cruising speed.
Nav : $2.01 which is not expensive at all. Considering the earning capability, current trade price of $2.16 is just a slight premium.
Cost of debts : 3.1% That's another strength of the reit to keep cost low despite increasing rates. In fact, interests coverage ratio of 5.7x.
Leverage : 31.5% room for more borrowing and growth
Distribution Income for the quarter hits S$100M registering 2.9% increase over same period last year. Annualise returns 5.27%.
What more can we ask ? Maybe shopper traffics.
What to look for ? Funan !
What we continue to need ? A manager that think ahead. Please maintain.
Cheers
Cory
20180720
Investor who has vested in this Reit would have appreciate the peace of mind. In fact if the reit registered significant jump of dpu, this would be a cause of worry ironically as there could be negative returns that comes along as well. What i like to see is like a sail boat constantly moving ahead in cruising speed.
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| Q2 2018 Results - CMT |
Nav : $2.01 which is not expensive at all. Considering the earning capability, current trade price of $2.16 is just a slight premium.
Cost of debts : 3.1% That's another strength of the reit to keep cost low despite increasing rates. In fact, interests coverage ratio of 5.7x.
Leverage : 31.5% room for more borrowing and growth
Distribution Income for the quarter hits S$100M registering 2.9% increase over same period last year. Annualise returns 5.27%.
What more can we ask ? Maybe shopper traffics.
What to look for ? Funan !
What we continue to need ? A manager that think ahead. Please maintain.
Cheers
Cory
20180720
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