yup it was 2,179 in 3Q2012 compared to 16,766 in 3Q2011 for their net cashflow . Any views on this stock ?
From what I see, it appreciates every 3 months at least. It has been rather constant. The last time was around 0.645. Compare it to now. You'll see a little increase.
Vested in this.
There was negative cash flow in Q2 and Q3 of 2012, and they were due to investing activities. I've not looked into the details of the investing activities, but I suppose they were due to acquisitions of new properties.
Cambridge Industrial Trust buys 2 properties for $56.3m (Note the last statement in the article about the acquisitions being paid in cash)
Cambridge Industrial Trust jointly acquires Tuas warehouse for $15m
Cambridge REIT's net cash flow has been positive in the past years except during 2008 which was the financial crisis. Negative cash flow is not always a negative sign, especially in this case where cash was used to acquire new properties which may mean increase in DPU in the future.
From what I see, it appreciates every 3 months at least. It has been rather constant. The last time was around 0.645. Compare it to now. You'll see a little increase.
Vested in this.
0.685 liao. Waiting for next CD
This time I feel that the CD might be better than last quarter. They should have more cash coming in this month.. A pity i sold mine to raise some cash earlier. If possible I wont advise on getting cash dividends, should reinvest in the shares if you dont have any plans to spend the dividends. Compare last quarter share price and now. You'll be able to see a brighter picture. The profits is far greater than just cash dividends.
Problem with the DRP is that you get stuck with odd lots... might be hard to get rid of them next time. Plus I use SCB, not sure if they can sell odd lots...
Problem with the DRP is that you get stuck with odd lots... might be hard to get rid of them next time. Plus I use SCB, not sure if they can sell odd lots...
I'm definitely surprised by the good performance of Cambridge in 2012, DPU increased quite significantly - up 9.9% y-o-y for 4Q2012, and up 12.9% y-o-y for FY2012. Positive news is that DPU is poised to increase further this year with contributions from more properties.
The point to note is that leases contributing to ~40% of rental income are expiring in 2013 and 2014. It can be good/bad. It'll be positive if management can renew the leases with higher rents (which could be possible given the current improving economic sentiment), which will mean higher income, or it can go the other way as well.
If im not wrong, the contracts are all 2+1 contract. Option to renew one more year with current pricing they are paying. My current company I'm working in signed a contract with them before. Not sure if its the same one.
If its the same, we could expect around the same DPU or slight difference only for the rest of this year.
my 2 cents.