Bro,... hmm,... First REIT's results look good,... and based on the current price of $0.245, the yield is 10.77%,... really enticing,... but past experiences really killed everything. What is your opinion ? I looked thru the results this evening,... quick glance now,...

Gearing Ratio also low : 35.6%,....

For IREIT Global, not much info is given on NPI and DPU.
Wonder if we should write to them?

Bro,... good or not,... pls advise me,...

I am watching the movements this morning,....

Gearing 36.6%, average cost of debt 3.9%, ICR 2.5x.

Above 80% of borrowings are denominated in Singapore dollars (“Offshore”)

Completion of refinancing exercise in March 2022

About 33% of offshore loans hedged via interest rate swaps

Tq bro,... Their EMA model has two revenue components - the fixed component and the variable component. I suspect the variable component went down badly,... but the fixed component remained as per previous corresponding period, right ?

Any good sreit beside ascendas and mapletree?

UPDATE ON THE STATUS OF THE TRANSACTION FINANCING

The Manager wishes to update the Unitholders that the Transaction Financing Documents were not entered into although the Transaction Financing Long-Stop Date has passed. The
Manager understands from the Purchasers that the internal approval process of the lenders under the Transaction Financing was delayed due to the stringent Covid-19 controls and
events in October 2022, namely the PRC National Day holiday in early October 2022 and the Twentieth National Congress of the Communist Party of China.

...

The Manager wishes to highlight that for the avoidance of doubt, the entry into the Transaction Financing is not a condition precedent to the Proposed Divestment (i.e. the Equity Purchase
Agreement does not contain a financing-out), and the failure to enter into the Transaction Financing is also not a ground of termination for the Purchasers under the Equity Purchase
Agreement. Accordingly, subject to and conditional upon satisfaction or waiver (as the case may be) of the Conditions, the Purchasers shall be obligated to proceed with Completion of
the Proposed Divestment, regardless of whether any Transaction Financing has been entered into by the Transaction Financing Long-Stop Date. However, the failure to enter into the
Transaction Financing by the Transaction Financing Long-Stop Date may affect whether Completion of the Proposed Divestment will occur by 31 December 2022.

Further, as stated in the Divestment Announcement, due to the current macro-economic and real estate market conditions in PRC, the lenders of the Existing Offshore Bank Loans and Existing Onshore Bank Loans had called on EC World REIT to repay the Mandatory Repayment amount by 31 December 2022.

The Manager wishes to state that the above statements in respect of the Existing Offshore Bank Loans, the Existing Onshore Bank Loans, the obligation to repay the Mandatory Repayment amount by 31 December 2022 and the obligation of the Sponsor to ensure that the Mandatory Repayment is made by 31 December 2022 remains to be the case. This is notwithstanding that (as announced by the Manager in its update announcement dated 20 November 2022 in respect of the Proposed Divestment), the Transaction Financing Documents (as defined in the 20 November announcement) were not entered into although the Transaction Financing Long-Stop Date (as defined in the 20 November announcement) has passed.
The Manager wishes to add that it is currently in discussions with the lead lenders of the Existing Offshore Bank Loans and the Existing Onshore Bank Loans to refinance the remaining amount of the Existing Offshore Bank Loans and the Existing Onshore Bank Loans that are maturing by 30 April 2023 (the “Remaining Facilities”).

Whether EC World REIT Remains as Going Concern

In light of the foregoing, the Board has assessed that EC World REIT remains as a going concern, as the Board continues to expect at this juncture that the repayment of Mandatory Repayment and refinancing of the Remaining Facilities will be completed before these borrowings become due for repayment.