Latest Forum Topics / StarhillGbl Reit Last:0.49 -- | Post Reply |
MMP REIT
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Farmer
Master |
30-Jul-2007 12:01
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Thanks for the info, Pinnacle! It seems that you're the only recent poster on this counter. Are u vested? I would agreed with anyone on a long for it as its yield = 5% currently, far better that most of the more high profile REITs which is ~ 3 - 4%. With current market conditions, can pick up more even at lower price. | ||||||||||||||||||
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Pinnacle
Master |
30-Jul-2007 11:50
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Income Distribution of $0.015 per Unit for the period from 1 April 2007 to 30 June 2007
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Pinnacle
Master |
27-Jul-2007 09:43
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MMP REIT ?s 2Q07 Distribution Per Unit (DPU) is 1.50 cents. Meanwhile, a revaluation of its prime Orchard Road properties raised Net Asset Value (NAV) by 9.8%. |
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Pinnacle
Master |
24-Jul-2007 11:50
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DBS VickersBUY S$1.22; MMP SP; Price Target : 12-Month S$ 1.48 (Prev S$ 1.34) Story: We highlight that MMPs master lease with Toshin is up for renewal in June next year. Rising office rents in Orchard is a result of positive spillover from the tight office supply in Singapore currently. Point: With the Toshin master lease under-rented, we think there is potential for upside with this lease up for renewal towards the higher end of the 25% limit on upward rental revision. Asking office rentals for Wisma Atria and Ngee Ann City office rents have already hit S$13 psf and S$12 psf respectively. Relevance: Factoring in i) base case scenario of 12.5% increase in rentals to Toshin lease renewal; ii) higher closing rents for its office portfolio, we derive our higher DCF-based target price of S$1.48 and maintain our Buy recommendation. |
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