01-10-2024, 02:03 PM
(01-10-2024, 12:54 PM)Shiyi Wrote: Can anyone enlighten me the meaning of "yield accretive" acquisition?
In the case of the latest acquisition of lyf Funan, the acquisition yield is 4.7%. But the dividend yield for unit holders is around 6.7%. How is it that it is yield accretive?
You're looking at different things. From the announcement, the EBITDA yield for acquisition is 4.7% and for divestment it is 3.2%. The DPS increases by 1.5%. Dividend yield is a per-share measure which depends on unit price.