by winston » Tue Apr 19, 2016 11:57 am
vested
Sabana Shari'ah Compliant REIT - Weak quarter to start the year, more to follow
Recommendation: Not rated, Closing Price: S$0.66, Target Price: N/A
· S$23.61mn gross revenue met 21.7% of consensus full year expectations of S$109.0mn.
· 1.33 cents DPU met 18.7% of consensus full year expectations of 7.1 cents.
· Effects of negative rental reversions, non-renewal, lower occupancy and higher property expenses experienced in 1QFY12/16 will continue in 2QFY12/16 onwards.
· Full impact of two properties divested in 1QFY12/16 will be felt in 2QFY12/16 onwards.
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"