Divested away Cache Logistics Trust
2 lots in this
week as part of usual SRS stock holdings re-balancing for
$43 nett gain. In its recent 1Q2014 financial results; DPU
lowered by 4.2% due to higher number of issued units. NPI
higher by 8.2% for 1Q2014 mainly due to rental contribution from new
acquisitions made in 2013 and built-in rental escalation within the
portfolio’s master leases. As of
end Qtr 1, its NAV was valued at $0.98 but Mr Market believes that it is
worth more with its Friday closing price at $1.20. Aggregate leverage
at 29.1%. Total borrowings, amounting to S$313.0 mil; 70% of the
interest cost is hedged. The aggregate leverage is expected to increase
from 29.1% to approximately 34.8% at the completion of the BTS
development for DHL Supply Chain Singapore. 94% of its property
portfolio will be in modern ramp-up logistics warehouses.
SRS stock holdings walk since previous posting :-
+$9,534 Total Returns as of 9 May
+$43 Nett gain on sales of Cache Logistics
+$395 Unrealised positions improved
+$9,971 Total Returns as of 16 May
previous posting :- SRS - Closing status 9 May
Remarks :- Profits locked in to-date $15,140 / year 2014 $2,538
SRS stock holdings walk since previous posting :-
+$9,534 Total Returns as of 9 May
+$43 Nett gain on sales of Cache Logistics
+$395 Unrealised positions improved
+$9,971 Total Returns as of 16 May
previous posting :- SRS - Closing status 9 May
Remarks :- Profits locked in to-date $15,140 / year 2014 $2,538
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