Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Hi Alex, Frankly MRCB will not keen on privatising its reits. After all they are the key shareholders whom built and sold its properties (buildings) for reits in mind. Besides, it would be extremely tough to dispose all these 10 highly diversified buildings/properties assets. Sentra REIT is still a profitable company though the stock price doesn’t reflect its NTA value.
Looking at their last 3 QRs, the Mgmt is religiously attempting to diversify its portfolios to non-building assets like acquiring the Arcoris mall last year. With that in mind, its portfolio occupancy 89% remains relatively stable with a manageable debt level, looking forward the future is brighter and better off than before. Personally I think they are the right track to gain better footing for future growth…
From the filings, EPF (up its stake to 6.716%) keeps acquiring the stocks in huge volumes… no wonder the price is rising steadily without retreating much… These fund managers surely have advantages over others for…