QUOTE(cherroy @ Oct 30 2013, 10:15 PM)
Although IGBreit gave 3.43 cents, its EPS is not 3.43 cents.
Realised income from operation is not 3.43 cents.
But 1.49 + 1.45 = 2.94 cents, from the 1st half.
But due to the fact, the manager fee is paid on unit instead of cash, the extra cash enable the reit to give extra until 3.43 cents.
Again for the 3rd Q, its EPS is 1.58 cents, but distributable DPU 1.83 cents, again the extra coming from non-cash manager fee.
So 7 cents may achievable.
But one must take note that the DPU is exceeding its EPS.
EPS should always be used to justify a sustainable payout yield over the long term.
do you mean their dividen payout ratio is 1.83/1.58=116% ???Realised income from operation is not 3.43 cents.
But 1.49 + 1.45 = 2.94 cents, from the 1st half.
But due to the fact, the manager fee is paid on unit instead of cash, the extra cash enable the reit to give extra until 3.43 cents.
Again for the 3rd Q, its EPS is 1.58 cents, but distributable DPU 1.83 cents, again the extra coming from non-cash manager fee.
So 7 cents may achievable.
But one must take note that the DPU is exceeding its EPS.
EPS should always be used to justify a sustainable payout yield over the long term.
Is it good for investor? Extra cash giving back to shareholder..
Oct 31 2013, 09:19 AM

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