Sell @ $1.40
Sold some of my extras… bought a lot of it from $1.39 down, decided to clear some and free up cash… 😀
The results were released after market closed yesterday. The expected positive contribution to DPU from Alexandra TechnoPark non-renewal of Master Lease (only 1mth) was +25% y-o-y in NPI, higher than my estimation. But, this was negated by the drop in contribution from the Australian assets (~50% of NPI) as A$ had dropped ~5% vs S$ for the Q. This resulted in a tiny drop in DPU from last Q, on an annualised basis. Going forward, I'm expecting next Q to see better DPU accretion from Alexandra TechnoPark as we'll see a full Q of contribution.