Lendlease REIT

[reddevil0728]

Just hold forever. Get the dividend can already.

also cannot like that say worx. not always bao jiak 1 lor

 

[Andrew833]

.

I would average down ah but I prefer not to over expose myself to reits cause they might engage in equity raising for acquisitions. I don't think acquisitions will happen in the near future.

Posted from PCWX using ONEPLUS A6000

If there is a acquisition, price will go up. You can sell some.

 

[Pesantkie]

actually they have hardly used much of what they have raised during IPO right? so maybe don't need to raise any so soon for acquisition.

The monies they raised is to buy the initial portfolio listed on the prospectus.

So they have alr utilised it only left some for working capital.

Saw from some messages that for acquisitkon to be accretive, current dividend yield must be less than NPI yield.

Need to take note of their performance fee, they benchmark against net property income, to grow their performance fee, need to just acquire more properties only. Heard that the CEO was from Keppel Reit so the track record is there.

Anyway, vested but see how. I don't really think will hold indefinitely but I have the holding power to ride out as of now.

Posted from PCWX using ONEPLUS A6000

 

[Pesantkie]

If there is a acquisition, price will go up. You can sell some.

Haha I hope so, hopefully it will happen next year. Don't have fate with REITS

Posted from PCWX using ONEPLUS A6000

 

[reddevil0728]

The monies they raised is to buy the initial portfolio listed on the prospectus.

So they have alr utilised it only left some for working capital.

Saw from some messages that for acquisitkon to be accretive, current dividend yield must be less than NPI yield.

Need to take note of their performance fee, they benchmark against net property income, to grow their performance fee, need to just acquire more properties only. Heard that the CEO was from Keppel Reit so the track record is there.

Anyway, vested but see how. I don't really think will hold indefinitely but I have the holding power to ride out as of now.

Posted from PCWX using ONEPLUS A6000

but the acquired the properties prior to IPO right. So where did the money come from? Pure loans?

 

[Pesantkie]

but the acquired the properties prior to IPO right. So where did the money come from? Pure loans?

Nope they proposed prior the IPO to acquire those properties then IPO to raise monies for it, they also finance it with loans.

Posted from PCWX using ONEPLUS A6000

 

[reddevil0728]

Nope they proposed prior the IPO to acquire those properties then IPO to raise monies for it, they also finance it with loans.

Posted from PCWX using ONEPLUS A6000

Ah ok. I thought it was purchased prior.

 

[pizza235]

Depends on time horizon?
1d, 1m, 1y, 10y?

if wait abt 1-2 yrs

Sent from moi pigu using GAGT

 

[reddevil0728]

if wait abt 1-2 yrs

Sent from moi pigu using GAGT

then depends on when C19 is going to fade

 

[Shion]

Lendlease Global Reit's 0.48 S cent Q4 DPU misses IPO forecast

Lendlease Global Reit's 0.48 S cent Q4 DPU misses IPO forecast

https://www.businesstimes.com.sg/co...l-reits-048-s-cent-q4-dpu-misses-ipo-forecast

LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Tuesday posted a distribution per unit (DPU) of 0.48 Singapore cent for its fourth quarter ended June 30, 62.7 per cent lower than the manager's initial public offering (IPO) forecast of 1.28 cents.

Gross revenue stood at S$12.5 million for the quarter, missing the IPO forecast of S$21.5 million by 42.1 per cent.

The lower revenue was mainly attributed to the effect of Singapore's "circuit breaker" and rental waivers granted to tenants at 313@somerset, the manager said in a regulatory filing on Tuesday. This was partly offset by higher revenue from Lendlease Global Reit's office asset in Milan, Sky Complex, due to a stronger euro against the Singapore dollar, the manager said.

For Q4, net property income (NPI) of S$7.5 million was 53.3 per cent lower than the S$16.1 million forecast.

Distributable income came in at S$5.7 million for the quarter, 62.2 per cent below the IPO forecast of S$15.1 million.

Landlease Global Reit was listed on the Singapore Exchange's mainboard on Oct 2, 2019, with the real estate investment trust (Reit) jumping 6.8 per cent on its trading debut. The Reit's IPO had ended with its public offer tranche 14.5 times subscribed.

For the period from Oct 2 to June 30, DPU was 3.05 Singapore cents, 19.7 per cent lower than the IPO forecast of 3.80 cents. A distribution of 1.29 Singapore cents per unit was paid on March 16 this year. The remaining DPU of 1.76 Singapore cents will be paid out on Sept 15, after books closure on Aug 19.

Gross revenue for the period was S$55.5 million, 13.1 per cent below the IPO forecast, while NPI stood at S$40.3 million, 15.6 per cent below the forecast.

Kelvin Chow, chief executive officer of the manager, noted that safe distancing measures at 313@somerset may "inevitably affect footfall and tenant sales", and that the manager will continue to engage with tenants in meeting their space requirements.

He added that Sky Complex is expected to "remain stable and generate steady revenue" to the Reit, given its long lease term till 2032, assuming that Sky Italia does not exercise its break option in 2026. "Alongside its triple net lease structure, Sky Complex helps to mitigate downside risks during Covid-19," Mr Chow said.

As at 10.55am on Tuesday, units in Lendlease Global Reit were trading at 62.5 Singapore cents, down 2.5 cents or 3.9 per cent.

 

[Andrew833]

Lendlease Global Reit's 0.48 S cent Q4 DPU misses IPO forecast

https://www.businesstimes.com.sg/co...l-reits-048-s-cent-q4-dpu-misses-ipo-forecast

LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Tuesday posted a distribution per unit (DPU) of 0.48 Singapore cent for its fourth quarter ended June 30, 62.7 per cent lower than the manager's initial public offering (IPO) forecast of 1.28 cents.

Gross revenue stood at S$12.5 million for the quarter, missing the IPO forecast of S$21.5 million by 42.1 per cent.

The lower revenue was mainly attributed to the effect of Singapore's "circuit breaker" and rental waivers granted to tenants at 313@somerset, the manager said in a regulatory filing on Tuesday. This was partly offset by higher revenue from Lendlease Global Reit's office asset in Milan, Sky Complex, due to a stronger euro against the Singapore dollar, the manager said.

For Q4, net property income (NPI) of S$7.5 million was 53.3 per cent lower than the S$16.1 million forecast.

Distributable income came in at S$5.7 million for the quarter, 62.2 per cent below the IPO forecast of S$15.1 million.

Landlease Global Reit was listed on the Singapore Exchange's mainboard on Oct 2, 2019, with the real estate investment trust (Reit) jumping 6.8 per cent on its trading debut. The Reit's IPO had ended with its public offer tranche 14.5 times subscribed.

For the period from Oct 2 to June 30, DPU was 3.05 Singapore cents, 19.7 per cent lower than the IPO forecast of 3.80 cents. A distribution of 1.29 Singapore cents per unit was paid on March 16 this year. The remaining DPU of 1.76 Singapore cents will be paid out on Sept 15, after books closure on Aug 19.

Gross revenue for the period was S$55.5 million, 13.1 per cent below the IPO forecast, while NPI stood at S$40.3 million, 15.6 per cent below the forecast.

Kelvin Chow, chief executive officer of the manager, noted that safe distancing measures at 313@somerset may "inevitably affect footfall and tenant sales", and that the manager will continue to engage with tenants in meeting their space requirements.

He added that Sky Complex is expected to "remain stable and generate steady revenue" to the Reit, given its long lease term till 2032, assuming that Sky Italia does not exercise its break option in 2026. "Alongside its triple net lease structure, Sky Complex helps to mitigate downside risks during Covid-19," Mr Chow said.

As at 10.55am on Tuesday, units in Lendlease Global Reit were trading at 62.5 Singapore cents, down 2.5 cents or 3.9 per cent.

GG.com

 

[reddevil0728]

GG.com

Not expected meh?

 

[Andrew833]

Aug DPU is total $0.01758 (2.47% for me )
Feb DPU is total $0.0129
Actually is higher DPU then Feb

 

[reddevil0728]

Aug DPU is total $0.01758 (2.47% for me )
Feb DPU is total $0.0129
Actually is higher DPU then Feb

Eh cause Feb is not even 1/2 year cause they IPO in Oct? Whereas Aug is full half year + for the whole year?

 

[Andrew833]

Eh cause Feb is not even 1/2 year cause they IPO in Oct? Whereas Aug is full half year + for the whole year?

Don't know.
From some where, it's DPU is semi annually. Feb/Aug

 

[reddevil0728]

Don't know.
From some where, it's DPU is semi annually. Feb/Aug

Huh what you mean don’t know. I thought for the Feb DPU, is for the period from Oct till Dec and for the Aug dpu is for jan till June + any excess for the whole year?

So even though Covid struck quite badly in their Q4, it is not unrealistic for Aug to be higher than feb purely based on period of coverage?

 

[Andrew833]

Huh what you mean don’t know. I thought for the Feb DPU, is for the period from Oct till Dec and for the Aug dpu is for jan till June + any excess for the whole year?

So even though Covid struck quite badly in their Q4, it is not unrealistic for Aug to be higher than feb purely based on period of coverage?

Don't know mean don't know lol.
If you interested to know, go find out then share here.

 

[reddevil0728]

Don't know mean don't know lol.
If you interested to know, go find out then share here.

Huh? I’m explaining it to you rather than you being ignorant about what’s going on.

 

[Andrew833]

Huh? I’m explaining it to you rather than you being ignorant about what’s going on.

Hello, I didn't ask you any question, what's going on?
I didn't ask you to explain any thing.
I just sharing DPU for those who are interested.

"Eh cause Feb is not even 1/2 year cause they IPO in Oct? Whereas Aug is full half year + for the whole year?"
You are the one asking not me.

"Huh what you mean don’t know."
You are the one being ignorant lol.

 

[reddevil0728]

Hello, I didn't ask you any question, what's going on?
I didn't ask you to explain any thing.
I just sharing DPU for those who are interested.

"Eh cause Feb is not even 1/2 year cause they IPO in Oct? Whereas Aug is full half year + for the whole year?"
You are the one asking not me.

"Huh what you mean don’t know."
You are the one being ignorant lol.

“Actually is higher dpu than Feb” is not something that is impossible? That’s why point