Financial costs biting.

Looking more and more like recession is approaching. Think the Feds wants it.

Is that not the problem for the Feds?
They are even talking about going up to 7%!

O my....dead man walking company.

Only slightly. Done well with respect to the present circumstances.

This post has been edited by prophetjul: Oct 26 2023, 09:38 AM

FEDs now more dovish as inflation cools.

Valuation is highly subjective.
What did you expect.? 😄

Valuation of properties are by independent valuers?
Ireit's debt is almost 100% hedged to a rate. Next debt dateline is 2026?
Maybe that's why interest rate rise has not affected it that much

 Leverage has risen to 43.2% post-FY 2023 valuation.
 Lenders remain concerned about the United States (U.S.) office market.
 The Monetary Authority of Singapore (MAS) and bank covenants limit KORE to 50% leverage.
 Banks are reluctant to lend above 45% leverage for the U.S. market.
 KORE is taking proactive measures now with the goal of keeping leverage and interest coverage ratio well within the MAS
requirements and banks’ expectations.
 KORE’s operating performance has remained stable despite the difficult U.S. office market that began in 2020.
o FY 2023 net property income (NPI) was 2.2% higher supported by healthy portfolio committed occupancy of 90.3% as at endDecember 2023.
o Occupancy and operating performance largely a result of the capital invested in the portfolio.
o Continued investments are necessary to maintain performance, occupancy and valuation.
 It is not sustainable for KORE to continue funding capital via debt given its leverage level and the constraints outlined above.

US office Reits have become a dangerous investment!

Seems to have affected Grocery Reit too! Utd Hampshire.

This post has been edited by prophetjul: Feb 15 2024, 10:46 AM

KORE maybe short term pain, long term gain. Could be. But who is going to wait 2 years?

https://investors.sgx.com/company-disclosur...Z0LJF25FYPZ1NEG

Elite Reit

Utd Hampshire FY results

https://investors.sgx.com/company-disclosur...3GOR6L9VLSJZK2E

Think you can say that for most Reits!

Then you need to read up and make a discussion rather asking for help.

Sorry. But i don't know you or your traits. You already have your SREIT spark.
But i am just saying that coming to this thread and just simply asking for investment advice is not the purpose of this thread.
Don't be lazy. Go read up first and then come back for discussions. Maybe we will learn from you too.

This post has been edited by prophetjul: Apr 16 2024, 10:31 AM

4% looks high!

Sasseur Q1 Updates

https://investors.sgx.com/company-disclosur...MC4FK6NW68C46A7

You wish the financial markets to tank?
Must be in net cash position.

Useless manager given chance to save face?