Posts: 591
Threads: 4
Joined: Apr 2013
Reputation:
5
(25-07-2013, 10:44 AM)KopiKat Wrote: Latest Q1 (Jun) results this AM
Press Release
Presentations
Financials
DPU = 1.65ct (2-May-13 to 30-Jun-13) + 0.85ct (1-Apr-13 to 1-May-13)
If we were to annualise the 1.65ct component which is based on the larger share base after the placement, I get DPU = 10.04ct. FY14 (Mar) DPU looks set to be at the lower end of our earlier estimates but will get a boost next Q as,
Temporary Occupation Permit of Phase Two, 20 Gul Way achieved on 7 May 2013 with income contribution in September 2013 quarter
Further, I realised Phase 2E & 3 is only slated for completion in end-'14 ie. we'll only see 1Q of contribution for FY15(Mar) and full year only for FY16(Mar). For now, Gearing has improved to 25.4% as they'd used the funds from the placement to pay down debts. But, it'll increase when debts are utilised for the redevelopment exercise.
Thanks KopiKat.
My Dividend Investing Blog
Posts: 167
Threads: 1
Joined: Jul 2013
Portfolio is good. You are wise.
Posts: 152
Threads: 3
Joined: Aug 2013
Reputation:
2
Any reason causing this counter to drop so much?
Posts: 1,039
Threads: 14
Joined: Dec 2012
most industrial reits are not doing well, maybe due to fears of over supply?
Posts: 1,889
Threads: 5
Joined: Feb 2011
Reputation:
15
Looking at Yield alone, the average is 7%+ for Industrial REITs. Based on yesterday's close, only 3 Industrial REITs has a Yield of <7%, namely, A-REIT, MLT & AIMSAMP. A-REIT & MLT, I can understand, as they have strong parents and quality (?) assets. IMO, it'd look more right to see AIMSAMP in the same Yield range as the rest that's at >7% ie. <$1.425. Perhaps Mean Reversion in action?
Posts: 763
Threads: 18
Joined: Apr 2012
Reputation:
18
It seems those with reinvestment plan are relatively more "punished" than others, except mapletree industrial(fall 17% from peak).
If I am not wrong, sabana, Acendas, and cache have no reinvestment plan, and their shares have conincidentally fallen about 17% from the peak.
Aims, cambridge, have fallen about 20% and is or near their 52 weeks low. Mapletree logistic is down 18% from their peak
Just a observation, there are more factors in play than reinvestment plan.
Posts: 854
Threads: 10
Joined: Sep 2010
Reputation:
14
some other reasons could be solibuild being released at 30% leverage and 7.5% yield vs aims amp. land lease is also longer.
another factor is that if you observed overnight VNQ, which is the Vanguard REIT ETF took a 1.37% plunge yesterday and have been on a down trend for the past days. could partially be due to interest rate movements as well.
Posts: 118
Threads: 1
Joined: Apr 2012
Reputation:
0
A reason i could think of is that Aims Reit has recently mentioned to acquire Australia assets from its manager.
Maybe investor wants reits that is pure Singapore play?
Posts: 591
Threads: 4
Joined: Apr 2013
Reputation:
5
05-09-2013, 06:57 PM
(This post was last modified: 05-09-2013, 06:57 PM by Dividend Warrior.)
Koh Wee Lih appointed Chief Executive Officer of AIMS AMP Capital Industrial REIT
The Board of AIMS AMP Capital Industrial REIT Management Limited (the Manager) as manager of AIMS AMP Capital Industrial REIT (the Trust) today appointed Mr Koh Wee Lih as Chief Executive Officer (CEO), effective 1 January 2014. The appointment is subject to the approval of the Monetary Authority of Singapore as required under the Securities and Futures Act (Cap.289).
Mr Wee Lih Koh replaces Mr Nicholas McGrath who will retire from the Manager following five years as CEO.
Mr Koh joined the Manager of the Trust in December 2008 and was appointed Head of Real Estate in January 2011, overseeing the investment and asset management functions of the Trust. For the past three years, he has worked alongside Mr McGrath to develop and implement the Trust’s investment strategy.
AIMS AMP Capital Industrial REIT Chairman Mr Andrew Bird said Mr Koh’s appointment highlights the quality of the Manager’s succession plan.
“Koh Wee Lih is the natural choice for CEO. He completely understands the Trust, its corporate history and strategy for the future, and his vision for Trust’s growth is entirely aligned with the Board’s.
“The Manager is very focused on providing professional development opportunities for the management team to ensure a healthy and robust succession plan. This appointment demonstrates the quality of our succession planning.
“Wee Lih’s appointment is a vote of confidence from the Board in the strength and quality of the management team and in his leadership ability to steer the Trust’s future direction,” he said.
Mr Bird said outgoing CEO Mr McGrath had ably led the Trust into a much stronger position today where it is well positioned to continue growth and deliver value for unitholders.
“Mr McGrath leaves the Trust in excellent shape. He led the Trust through a period of change and repositioned the portfolio for growth. Today the Trust has a strong capital structure with gearing of 25.4 percent1. The Trust is delivering stable and growing DPU and has secured a development pipeline that will deliver value for unitholders in the future.
“On behalf of the Board, I thank Nick for his enormous contribution as CEO. The Trust is in a much stronger position today thanks to his dedicated leadership, which oversaw prudent capital management, active asset management and strategic investment,” Mr Bird said.
Mr Koh said he was looking forward to the challenge and opportunity of leading the Trust.
“I’m looking forward to leading the Trust in its next stage of growth. Today’s announcement regarding 20 Gul Way Phase 2E and Phase Three is an example of how we are growing long term value for unitholders, which will continue under my leadership,” Mr Koh said.
Mr Koh and Mr McGrath will work closely together over the next few months to ensure a smooth transition.
Mr McGrath said the time was right for change.
“After five years as CEO I’m pleased to be passing the baton to Wee Lih. He’s an exceptional real estate investment professional, who will continue to grow the Trust to create greater value for unitholders,” he said.
Mr McGrath will move to a new role in Sydney with the Trust’s sponsor, AMP Capital, and will remain on the Trust’s Board as a non-executive director.
My Dividend Investing Blog
Homepage
PR Newswire
