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781-800 of 3029
today will add more at matching maybe 69 or 70
noobnub ( Date: 05-Jun-2024 16:58) Posted:
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bought 69 try my luck
Wow who buying up 600lots closing? Director?
Hosey liao next week going chiong up.
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve
https://www.cnbc.com/2024/05/31/pce-inflation-april-2024-the-feds-preferred-inflation-measure-rose-0point2percent-in-april.html
https://www.cnbc.com/2024/05/31/pce-inflation-april-2024-the-feds-preferred-inflation-measure-rose-0point2percent-in-april.html
Collect some more at 67. Wait for tonight inflation data. Next week chiong up liao
You are the most bullish trader I've come across , monkey
Break 73 will go up 80 liao
US reits bullish everyday go up until next US CPI.
Interesting question from AGM, the market knows exactly what ppty MUST holds and if there is a sale of the ppty, it must be from MUST, anyone can explain what the Chairman is trying to say?!
" Without providing details on the specific properties to prevent our portfolio
from getting exposed, we have begun that disposal process. In a market like
this, there are 4 phases of the cycle (i.e., contraction, recovery, growth and
slowdown). We are currently still in the contraction phase. We are seeing
green shoots that may push us into the early bit of the recovery phase
operationally.
Based on leasing activity, MUST is beginning to see some green shoots that
is different from the pricing or capital markets cycle. When in the contraction
phase of the property cycle, it is best not to opt for a traditional auction or go
through a broker. We may still go through a broker in a limited off-market
auction. That is where the relationships I referenced with John earlier, matter
- knowing people in the market, knowing who the logical buyers are, in addition to the
brokers, with the right execution strategy, is what is going to
make a difference. Finding the right targeted buyer and not exposing
ourselves and our portfolio &ndash because once we get exposed, the market will
wait for us to sell at fire-sale prices. We are being very deliberate and
thoughtful in how we execute and which assets we intend to optimise, as best
we can. Despite what might be a discount on the asset, we are looking at
what the overall portfolio impact is. The current book value is around US$0.27
or US$0.28 as of the March quarter, and we are looking to minimise any
disruption to that as much as possible."
" Without providing details on the specific properties to prevent our portfolio
from getting exposed, we have begun that disposal process. In a market like
this, there are 4 phases of the cycle (i.e., contraction, recovery, growth and
slowdown). We are currently still in the contraction phase. We are seeing
green shoots that may push us into the early bit of the recovery phase
operationally.
Based on leasing activity, MUST is beginning to see some green shoots that
is different from the pricing or capital markets cycle. When in the contraction
phase of the property cycle, it is best not to opt for a traditional auction or go
through a broker. We may still go through a broker in a limited off-market
auction. That is where the relationships I referenced with John earlier, matter
- knowing people in the market, knowing who the logical buyers are, in addition to the
brokers, with the right execution strategy, is what is going to
make a difference. Finding the right targeted buyer and not exposing
ourselves and our portfolio &ndash because once we get exposed, the market will
wait for us to sell at fire-sale prices. We are being very deliberate and
thoughtful in how we execute and which assets we intend to optimise, as best
we can. Despite what might be a discount on the asset, we are looking at
what the overall portfolio impact is. The current book value is around US$0.27
or US$0.28 as of the March quarter, and we are looking to minimise any
disruption to that as much as possible."
$0.072 +0.003 :)
those bought earlier all jialat haha
Manulife US Reit&rsquo s portfolio occupancy falls to 78.7% in Q1
The Reit manager views demand for the US office space as &lsquo on a recovery path&rsquo
MANULIFE US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 78.7 per cent for the first quarter ended March, down from 84.4 per cent as at end-2023.
On Wednesday (May 8), the pure-play US office real estate investment trust&rsquo s (Reit) manager said this was largely due to its major tenant TCW Group&rsquo s lease expiry at the Figueroa asset in Los Angeles, which involved 189,000 square feet (sq ft) of space.
Notable leases executed over the quarter included motoring giant Hyundai&rsquo s expansion of 31,000 sq ft of space for an additional five years at Michelson in Irvine, and professional services group Deloitte&rsquo s executed new lease at Capitol (18,000 sq ft) in Sacramento for a period of 12 years.
At Plaza in Secaucus, New Jersey, apparel retailer The Children&rsquo s Place renewed its lease for 120,000 sq ft for 13 years, while French pharmaceutical group Pierre Fabre signed a new 12-year lease for 24,000 sq ft of space.
MUST&rsquo s manager said it had 1.4 million sq ft in its leasing pipeline and has achieved &ldquo good activity across various leasing stages&rdquo .
Mushtaque Ali, chief financial officer designate of the manager, said during a briefing that the manager has made &ldquo significant strides&rdquo in the first quarter to tackle expiring leases. Some 19.5 per cent of the portfolio&rsquo s net lettable area will face lease expiries this year.
&ldquo We are very confident that the lease activities that are in the pipeline, including all the negotiations that are going on, will help us address these 2024 expiries,&rdquo he said, adding that these would help stabilise and potentially increase the Reit&rsquo s occupancy.
The Reit&rsquo s portfolio weighted average lease expiry by net lettable area as at end-March was 4.3 years, with 71.2 per cent of in-place rental escalations by gross rental income having annual escalations of 2.6 per cent per annum.
Based on gross borrowings as a percentage of total assets, the Reit&rsquo s gearing stood at 56.7 per cent with an interest coverage ratio of 2.3 times.
The Reit manager views demand for the US office space as &ldquo on a recovery path&rdquo , though it also remarked that &ldquo challenges remain&rdquo .
MUST is in the midst of executing its recapitalisation plan to dispose of certain assets to pare down debt and fund capital expenditure.
Based on the master restructuring agreement signed, the Reit is to achieve minimum cumulative net sale proceeds of US$230 million from the aggregate sale of up to four of its assets across two tranches by end-2024, or else incur a fee.
The penalty is based on a formula and the maximum exposure would be around US$2.8 million.
The Reit aims to achieve at least US$328.7 million worth of cumulative asset disposals by June 2025.
&ldquo We don&rsquo t have a committed transaction at the moment, but I think we have had a number of conversations with potential buyers as well as brokers, so we are confident that a sale process would start imminently as we progress further into the year,&rdquo Ali said.
The manager has noted that deal activity in the US is slow at the moment, with low liquidity amid the high rate environment. However, there are improvements compared to a year ago.
Marc Feliciano, chairman of the manager, said that the market six to 12 months ago had an absence of liquidity in general, but there are now conversations taking place in pockets of the market with &ldquo liquidity at a price&rdquo .
&ldquo It may not be a great price, it might be a significant discount or some type of discount, but there seems to be a pickup of liquidity,&rdquo he said.
Ali added that the manager&rsquo s first priority is to sell US$230 million of assets by year end.
&ldquo We have a debt maturity of US$102 million in May 2025, which we are very mindful of, and we are making efforts towards creating liquidity in the portfolio to take care of that maturity,&rdquo Ali said.
Addressing questions from investors in its business update on Wednesday, MUST&rsquo s manager said it will determine the Reit&rsquo s updated portfolio valuation &ldquo closer to mid-year&rdquo as it monitors market conditions.
It highlighted that 96.5 per cent of the Reit&rsquo s loans are on fixed rates, or hedged to fixed rates with interest rate swaps, which it views will reduce MUST&rsquo s exposure to interest rate fluctuations in the short term.
&ldquo While inflation may drive up property expenses, some of the higher costs may be recovered from tenants. We will also continue to focus on improving leasing and driving income,&rdquo said the manager.
Mgr also mention " The environment for selling office
properties in the U.S. remains challenging, with limited debt availability and a reduction in investor appetite for U.S. office
keeping transaction volumes low. However, transactions are happening and there are signs that buyers are becoming more
active in some submarkets, as lower valuations make acquisitions more attractive and economically viable." .
properties in the U.S. remains challenging, with limited debt availability and a reduction in investor appetite for U.S. office
keeping transaction volumes low. However, transactions are happening and there are signs that buyers are becoming more
active in some submarkets, as lower valuations make acquisitions more attractive and economically viable." .
The manager of Manulife US REIT (MUST) has reported an occupancy rate of 78.7% in its business update for the 1QFY2024 ended March 31. Down from 84.4% at the end of 2023, the lower occupancy rate is likely due to TCW?s lease expiry at Figueroa. TCW occupies a space of some 189,000 sq ft.
1st quarter operation update before market opens tomorrow.
Merrill also
piscesmonkey ( Date: 07-May-2024 10:28) Posted:
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Today goldman buying at 71 small amount
Have faith. Ignore the noises. :)
Weaker US job numbers boost expectations of a September rate cut. This time will help all us reits chiong up liao
Up fast, down faster
piscesmonkey ( Date: 06-May-2024 09:12) Posted:
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