dydxequalszero
:
The result is actually not that bad. The decrease in gross revenue is mainly due to weakness in foreign currencies (JPY, KRW, CNY and VND) that caused the revenue to be lower when converted to SGD. This will be reversed when the US Fed continues to cut interest rates which results in more demand for the above currencies.
And of course the negative rental reversions from China properties. This quarter was especially hard hit because 44% of the leases that expired were from China. And the new rents were on average 12.2% lower. However, the lower rents were necessary to maintain high occupancy for China properties. Less income is certainly better than no income.
Azzvia : When will there be dividends?
NIMOH Azzvia : 17 Dec.
Versutus : i think the poor results are already priced in though, i'm optimistic for the future
RenenoMirai : So tmr will drop like crazy?
dydxequalszero : The result is actually not that bad. The decrease in gross revenue is mainly due to weakness in foreign currencies (JPY, KRW, CNY and VND) that caused the revenue to be lower when converted to SGD. This will be reversed when the US Fed continues to cut interest rates which results in more demand for the above currencies.
And of course the negative rental reversions from China properties. This quarter was especially hard hit because 44% of the leases that expired were from China. And the new rents were on average 12.2% lower. However, the lower rents were necessary to maintain high occupancy for China properties. Less income is certainly better than no income.
1M50 : Drop more, I will buy more to keep
dookiro NIMOH : How you know it's 17 Dec?
PrimeLin1 : adding
NIMOH dookiro :