Wednesday, February 10, 2016

CroesusRetail Trust 2QFY16


Revenue                                        2,433,621,000(JPY)
NPI                                               1,367,914,000 (JPY)
Income Available For Dist           973,318,000 (JPY)
DPU                                              1.79 cents
NAV                                              76.03 (JPY)
Gearing                                          46.3%
Interest Coverage Ratio                 4.1X
All-in Cost Of Debt                        1.9%

With BOJ going into negative rates, cost of debt likely to remain low.

Wednesday, February 3, 2016

CRCT 4QFY15

Gross Revenue                                            RMB 253,268,000
NPI                                                              RMB 158,888,000
NPI                                                              $ 35,294,000
Distributable Income                                   $ 21,848,000
DPU                                                             2.59 cents (2.48 cents for 4QFY14)
NAV (adjusted for dist)                               $ 1.72
Gearing                                                        27.7%
Interest Cover                                              6.3
Avg Cost Of Debt                                        2.99%
Unencumbered Assets                                 96.9%

Monday, February 1, 2016

US Presidential Elections (My Prediction)

The results of the Iowa caucus preliminaries are out. For the republicans, Ted  Cruz earned 27.7%, D Trump gotten 24.3% and Marco Rubio followed closely on Trump with 23.1%.

As for the Democrats, Hillary Clinton just edged out B Sanders with 49.9% to 49.6% of the votes.

My predication for the final will be between Hillary Clinton and Marco Rubio.
The democrats have the slight winning edge.

Wednesday, January 27, 2016

CDL Trust 4QFY14

NPI                                               $37.8m
Income Available For Dist           $29.8m
DPU                                              3.01 cents
Occupancy                                     86.5%
ARR                                              $199
RevPAR                                        $172
Debt                                               $926m
Gearing                                          36.4%
Interest Cover                                 6.6X
Avg Weighted Cost Of Debt          2.5%
NAV                                               $1.5906

Tuesday, January 26, 2016

OUE Comm Reit 4QFY2015

Revenue                          $40.3m
NPI                                  $29.7m
Amount Avail For Dist   $17.6m
DPU                                1.36 cents
NAV                                96 cents
Gearing                            40.1%
Avg Cost Of Debt            3.45%
Avg Term Of Debt           2.31 years
Interest Cover                   3.7 years

StarHillGlobalReit 2QFY15/16

Revenue                                   $55.6m
NPI                                           $43.7m
Income Available For Dist       $30.1m
DPU                                          1.32 cents
Total Debt                                 $1,136m
Gearing                                     35.7%
Interest Cover                           4.5X
Average Interest Rate               3.15%
Unencumbered Asset Ratio      74%
NAV                                          89 cents

SuntecReit 4QFY15

Gross Revenue                                 = $87.5m
NPI                                                   = $62.5m
Distributable Income                        = $69.5m
DPU                                                  = 2.75 cents
Total Liabilities                                = $3402m
Gearing                                             = 35.8%
All-In-Financing-Cost                      = 2.86%
Interest Coverage Ratio                    = 4.1X
Adjusted NAV                                  = $2.127