Buy @ $1.285
A new addition to my portfolio… I must have sold off my last lots a lot time ago at a much lower price..Treat it as a switch from A-HTrust.. ie REIT for REIT, A$ Exposure for A$ Exposure… but, Yield ~1% – 1.5% lower…
Embolden by my last minute buy of FCT yesterday on prediction of a better DPU and share price rising accordingly by a couple of cents, I decided to do the same thing for FCOT. Some quick studies were done and my conclusion was a high certainty of higher DPU vs last Q.
Aft mkt close, SGX Annc… Only slight increase to DPU (below my expectation) but, on an annualised basis (Feb only has 28 days), it was within my expectations..
|
Period |
DPU |
Annualised DPU |
Gearing |
A$-S$ Q-on-Q |
Remarks |
|
Q2 – Mar14 |
2.0524ct |
8.31ct |
37.8% |
+3.62% |
A$ Recovery, Expected DPU Recovery to Q4 – Sep13 level |
|
Q1 – Dec13 |
2.0483ct |
8.13ct |
37.9% |
-3.78% |
Lower DPU Due Mainly to Weaker A$ |
|
Q4 – Sep13 |
2.0766ct |
8.25ct |
37.7% |
+0.96% |
Lower DPU Due to Divestment of KeyPoint + Japan Assets, Partially Offset by Acquisition of Another 50% of Caroline Centre |
|
Q3 – Jun13 |
2.1851ct |
8.78ct |
39.5% |
-10.34% |
— |
|
Q2 – Mar13 |
1.9883ct |
8.09ct |
31.7% |
+1.84% |
— |
NOTE : Aussie Assets = ~50%
The longer term potential upside will be in Aug-14 when the Master Lease of Alexandra Techno Park (26% of Asset) is Due for Renewal. Current = $1.8 psf vs mkt $3.6 psf