Revenue = $27,477m
NPI = $27,154m
Distributable Income = $16.642m
DPU = 2.14 cents (2QFY2016 2.11 cents)
Total Debt = $416m
Gearing = 31.0%
NAV = 100.41cents
Showing posts with label First REIT. Show all posts
Showing posts with label First REIT. Show all posts
Monday, July 17, 2017
Monday, April 17, 2017
FirstReit 1QFY2017
Revenue = $27,151m
NPI = $26.867m
Distributable Income = $16.593m
DPU = 2.14 cents (1QFY2016 2.11 cents)
Total Debt = $417m
Gearing = 31.0%
NAV = 100.7964cents
NPI = $26.867m
Distributable Income = $16.593m
DPU = 2.14 cents (1QFY2016 2.11 cents)
Total Debt = $417m
Gearing = 31.0%
NAV = 100.7964cents
Tuesday, January 17, 2017
FirstReit 4QFY2016
Revenue = $26.988m
NPI = $26.686m
Distributable Income = $16.514m
DPU = 2.13 cents (3QFY2015 2.09 cents)
Total Debt = $417m
Gearing = 31.1%
NAV = 100.79cents
NPI = $26.686m
Distributable Income = $16.514m
DPU = 2.13 cents (3QFY2015 2.09 cents)
Total Debt = $417m
Gearing = 31.1%
NAV = 100.79cents
Wednesday, October 19, 2016
FirstReit 3QFY2016
Revenue = $26.9m
NPI = $26.6m
Distributable Income = $16.3m
DPU = 2.12 cents (3QFY2015 2.08 cents)
Total Debt = $396m
Gearing = 30.0%
NAV = 102.93cents
Gearing reduced from 34% to 30% due to the issuance of $60m subordinated perpertuties to reduee debt
NPI = $26.6m
Distributable Income = $16.3m
DPU = 2.12 cents (3QFY2015 2.08 cents)
Total Debt = $396m
Gearing = 30.0%
NAV = 102.93cents
Gearing reduced from 34% to 30% due to the issuance of $60m subordinated perpertuties to reduee debt
Thursday, July 14, 2016
FirstReit 2QFY2016
Revenue = $26.6m
NPI = $26.3m
Distributable Income = $16.2m
DPU = 2.11 cents (2QFY2015 2.07 cents)
Total Debt = $456.7m
Gearing = 34.4%
NAV = 103.12 cents
Remarks.In the press release, it stated that the issue of $60m subordinated perpetual securities at a fixed distribution rate of 5.68% for the first 5 years will reduce gearing from 34% to 30% as the proceeds will be used to reduce debt and increase debt headroom for further acquisition. I find this sort of statement misleading as perpetual securities are still considered as a form of debt, in my view.Definitely, a gearing of 30% without any perpetual securities is quite different from a gearing of 30% with $60m perpetual securities. I believe FirstReit is not the only REIT that is doing this, a number of reits have raise perpetual securities to get around borrowing from banks.
Currently, the manager hold about 5.67% of the total number of units issued. Each quarter, 70% of the management fee is paid with units and the remainder 30% paid with cash.
NPI = $26.3m
Distributable Income = $16.2m
DPU = 2.11 cents (2QFY2015 2.07 cents)
Total Debt = $456.7m
Gearing = 34.4%
NAV = 103.12 cents
Remarks.In the press release, it stated that the issue of $60m subordinated perpetual securities at a fixed distribution rate of 5.68% for the first 5 years will reduce gearing from 34% to 30% as the proceeds will be used to reduce debt and increase debt headroom for further acquisition. I find this sort of statement misleading as perpetual securities are still considered as a form of debt, in my view.Definitely, a gearing of 30% without any perpetual securities is quite different from a gearing of 30% with $60m perpetual securities. I believe FirstReit is not the only REIT that is doing this, a number of reits have raise perpetual securities to get around borrowing from banks.
Currently, the manager hold about 5.67% of the total number of units issued. Each quarter, 70% of the management fee is paid with units and the remainder 30% paid with cash.
Monday, April 18, 2016
FirstReit 1QFY2016
Revenue = $26,496K
NPI = $26,207K
Distributable Income = $16,197K
DPU = 2.11 cents (1QFY2015 2.06 cents)
Total Debt = $452m
Gearing = 34%
NAV = 103.32 cents
NPI = $26,207K
Distributable Income = $16,197K
DPU = 2.11 cents (1QFY2015 2.06 cents)
Total Debt = $452m
Gearing = 34%
NAV = 103.32 cents
Tuesday, January 19, 2016
FirstReit 4QFY15
Revenue = $25.7m
NPI = $25.4m
Distributable Income = $15.7m
DPU = 2.09 cents (4QFY2014 2.04 cents)
Total Debt = $447.6m
Gearing = 34%
NAV = 103.88 cents
NPI = $25.4m
Distributable Income = $15.7m
DPU = 2.09 cents (4QFY2014 2.04 cents)
Total Debt = $447.6m
Gearing = 34%
NAV = 103.88 cents
Tuesday, October 13, 2015
FirstReit 3QFY2015
Revenue = $25.288m
NPI = $25.044m
Distributable Income = $15.604m
DPU = 2.08 cents (3QFY2014 2.02 cents)
Total Debt = $398m
Gearing = 32.9%
NAV = 102.02 cents
NPI = $25.044m
Distributable Income = $15.604m
DPU = 2.08 cents (3QFY2014 2.02 cents)
Total Debt = $398m
Gearing = 32.9%
NAV = 102.02 cents
Monday, July 20, 2015
First Reit Investment Trust 2QFY2015
Revenue = $25.0m
NPI = $24.6m
Distributable Income = $15.4m
DPU = 2.07 cents (1HFy2015 4.13 cents)
Total Debt = $401.6m
Gearing = 32.9%
NAV = 101.94 cents
NPI = $24.6m
Distributable Income = $15.4m
DPU = 2.07 cents (1HFy2015 4.13 cents)
Total Debt = $401.6m
Gearing = 32.9%
NAV = 101.94 cents
Wednesday, April 15, 2015
FirstReit 2QFy2015
Revenue = $24.7m
NPI = $24.3m
Distributable Income = $15.2m
DPU = 2.06 cents (8.05 cents annualized)
Total Debt = $397.6m
Gearing = 33.1%
NAV = 101.94 cents
NPI = $24.3m
Distributable Income = $15.2m
DPU = 2.06 cents (8.05 cents annualized)
Total Debt = $397.6m
Gearing = 33.1%
NAV = 101.94 cents
Thursday, January 15, 2015
FirstReit 4QFY14
Revenue = $23.9m
NPI = $23.5m
Distributable Income = $15m
DPU = 2.04 cents (8.05 cents annualized)
Total Debt = $401.3m
Gearing = 33.1%
NAV = 101.81 cents
Friday, October 17, 2014
FirstReit 3QFY2014
Gross Revenue $23,843,000
NPI $23,452,000
Distributable Income $14,688,000
DPU 2.02 cents
NAV 96.99 cents
Gearing below 35%
No refinancing needs till 2017.It provide an yield of 6.8% based on annualized dpu at a share price of $1.19/..
Tuesday, July 15, 2014
First Reit 2Q2014
NAV = 97.03 cents
DPU = 2 cents
Annualized DPU = 8.05 cents
Total Assets = $1,142,819,000
Total Liability = $442,730,000
Total Borrowing = $375,800,000
Gearing = 32.9%
Gross Revenue = $23m
Net Property Income = $22.7m
Distributable Income = $14.4m
Cash & Cash Equiv = $28,070,000
DPU = 2 cents
Annualized DPU = 8.05 cents
Total Assets = $1,142,819,000
Total Liability = $442,730,000
Total Borrowing = $375,800,000
Gearing = 32.9%
Gross Revenue = $23m
Net Property Income = $22.7m
Distributable Income = $14.4m
Cash & Cash Equiv = $28,070,000
Monday, April 14, 2014
FirstReit 1QFY2014
NAV = 96.49 cents
DPU = 1.99 cents
Annualized DPU = 8.07 cents
Total Assets = $1,103,323,000
Total Liability = $416,696,000
Total Borrowing = $350,710,000
Gearing = 32.3%
Net Property Income = $22,173,000
Distributable Income = $14,195,000
Cash & Cash Equiv = $29,834,000
DPU = 1.99 cents
Annualized DPU = 8.07 cents
Total Assets = $1,103,323,000
Total Liability = $416,696,000
Total Borrowing = $350,710,000
Gearing = 32.3%
Net Property Income = $22,173,000
Distributable Income = $14,195,000
Cash & Cash Equiv = $29,834,000
Friday, January 17, 2014
FirstReit 4QFY13
NAV = 96.64 cents
DPU = 1.97 cents
Annualized DPU = 7.52 cents
Total Assets = $1,108,533,000
Total Liability = $425,634,000
Total Borrowing = $357,800,000
Gearing = 32.3%
Net Property Income = $21,653,000
Distributable Income = $13,955,000
Cash & Cash Equiv = $29,331,000
DPU = 1.97 cents
Annualized DPU = 7.52 cents
Total Assets = $1,108,533,000
Total Liability = $425,634,000
Total Borrowing = $357,800,000
Gearing = 32.3%
Net Property Income = $21,653,000
Distributable Income = $13,955,000
Cash & Cash Equiv = $29,331,000
Friday, October 25, 2013
FirstReit 3QFY2013
NAV = 90.55 cents
DPU = 1.96 cents
Annualized DPU = 7.42 cents
Total Assets = $1,077,506,000
Total Liability = $438,941,000
Total Borrowing = $354,594,000
Gearing = 33.4%
Net Property Income = $21,744,000
Distributable Income = $13,847,000
Cash & Cash Equiv = $29,842,000
DPU = 1.96 cents
Annualized DPU = 7.42 cents
Total Assets = $1,077,506,000
Total Liability = $438,941,000
Total Borrowing = $354,594,000
Gearing = 33.4%
Net Property Income = $21,744,000
Distributable Income = $13,847,000
Cash & Cash Equiv = $29,842,000
Friday, July 26, 2013
FirstReit 2QFY2013
Results for Q2FY2013 released on 26/7/2013
NAV (as at 30/6/2013) = 89.65 cents
DPU = 0.86 cents (22/5/2013 to 30/6/2013)
Annualized DPU = 7.24 cents
Total Assets = $1,070,869,000
Total Liability = $439,653,000
Total Borrowing = $357,800,000
Gearing = 33.4%
Net Property Income = $19,696,000
Distributable Income = $12,700,000
Cash & Cash Equiv = $22,103,000
NAV (as at 30/6/2013) = 89.65 cents
DPU = 0.86 cents (22/5/2013 to 30/6/2013)
Annualized DPU = 7.24 cents
Total Assets = $1,070,869,000
Total Liability = $439,653,000
Total Borrowing = $357,800,000
Gearing = 33.4%
Net Property Income = $19,696,000
Distributable Income = $12,700,000
Cash & Cash Equiv = $22,103,000
Tuesday, April 23, 2013
FirstReit 1QFY2013
Results for Q1FY2013 released on 23/4/2013
NAV (as at 31th 2012) = 83.60 cents
DPU (Q4FY2011) = 1.74 cents
Annualized DPU = 7.06 cents
Total Assets = $833,615,000
Total Liability = $278,753,000
Total Borrowing = $276,684,000
Net Property Income = $17,115,000
Distributable Income = $11,605,000
Cash & Cash Equiv = $26,681,000
NAV (as at 31th 2012) = 83.60 cents
DPU (Q4FY2011) = 1.74 cents
Annualized DPU = 7.06 cents
Total Assets = $833,615,000
Total Liability = $278,753,000
Total Borrowing = $276,684,000
Net Property Income = $17,115,000
Distributable Income = $11,605,000
Cash & Cash Equiv = $26,681,000
Monday, January 28, 2013
First Reit Q4FY2012
Results for Q4FY2012 released on 23/1/2013
NAV (as at 31th 2012) = 82.72 cents
DPU (Q4FY2011) = 1.72 cents
Annualized DPU = 6.58 cents
Total Assets = $828,827,000
Total Liability = $278,753,000
Total Borrowing = $212,842,000
Net Property Income = $15,291,,000
Distributable Income = $11,060,000
NAV (as at 31th 2012) = 82.72 cents
DPU (Q4FY2011) = 1.72 cents
Annualized DPU = 6.58 cents
Total Assets = $828,827,000
Total Liability = $278,753,000
Total Borrowing = $212,842,000
Net Property Income = $15,291,,000
Distributable Income = $11,060,000
Wednesday, October 24, 2012
First Reit Q3FY2012
Results for Q3FY2012 released on 24/10/2012.
NAV (as at 31th 2011) = 79.07 cents
DPU (Q4FY2011) = 1.68 cents
Annualized DPU = 7.17 cents
Total Assets = $646,966,000
Total Liability = $147,591,000
Total Borrowing = $97,000,000
Net Property Income = $14,175,000
Distributable Income = $10,615,000
NAV (as at 31th 2011) = 79.07 cents
DPU (Q4FY2011) = 1.68 cents
Annualized DPU = 7.17 cents
Total Assets = $646,966,000
Total Liability = $147,591,000
Total Borrowing = $97,000,000
Net Property Income = $14,175,000
Distributable Income = $10,615,000
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