Sell @ $1.425
Seeing revenue decline at most assets for E-Sep Q.
My main concern is the HPS lease which expires on 30-Nov at Alexandra TechnoPark, which accounts for 11.1% of Gross Rental Income or 304.9ksf. An earlier HPE lease expired on 30-Sep & 30-Nov accounted for 6.6% of Gross Rental Income but they have secured 61/178.8 ksf committments.
I see a high probability of DPU decline for next 2-3 Qs, unless supported by higher Capital Returns from the Hotel site lease.