Lendlease REIT

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Linusng

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Am I right that from the presentation slides, post acq dpu is 5c, using preferential offering price of 72c, yield is about 6.9%. Not sure am I reading it correctly? Thanks.
 
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Andrew833

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Post-acquisition, we believe that the following levers will improve our overall portfolio valuation, lowering our gearing level to under 40%.
o Tax transparency with recurring tax savings of S$5.6 million per annum or more
o Sustainability-linked loan that will bring savings to borrowing costs, resulting in higher distributable income
o Annual rental escalation o Additional gross floor area of approximately 10,200 square feet to be deployed to 313@somerset to expand leasable space
o Additional leasable space at Jem to be converted in the near-term to generate more revenue
o Tenant sales at Jem has rebounded to pre-COVID-19 levels
o Strong cashflow from LREIT’s office component (Singapore: 100% leased to Singapore’s Ministry of National Development for 30 years with rent review at every 5 years. Milan: 100% leased to Sky Italia till 2032 with annual rental escalation pegged to ISTAT2
o Improvement in asset valuation with the recovery of the economy alongside the ease of COVID-19 safe management measures
 
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mr_wealth

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Did anyone receive the letter on preferential rights issue? I did not as a stock holder in CDP. Strange. How do I subscribe to the rights on DBS?
 
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sohguanh

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mr_wealth said:
Did anyone receive the letter on preferential rights issue? I did not as a stock holder in CDP. Strange. How do I subscribe to the rights on DBS?
Click to expand...
Kindly share your experience later for those whose stock never appear in own CDP account. I am keen to know too.
 
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Squaredot

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starbugs

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Don't kancheong. The letter to subscribe will only be issued after XR, simply because the shareholders who are entitled to the rights can change before that. Why would the company be sending letters so early to people who sell before XR and hence would not eventually be entitled to the rights?
 
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starbugs

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Many weak hands who got the private placement sold for a quick buck.

I hooted at 76c yesterday. 6% yield is quite alright.
 
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