27 Jun '16, 11pm

7 thoughts on Croesus Retail Trust's Proposed Internalisation of Trustee-Manager

7 thoughts on Croesus Retail Trust's Proposed Internalisation of Trustee-Manager

7 thoughts on Croesus Retail Trust’s Proposed Internalisation of Trustee-Manager June 28, 2016 by Kyith Leave a Comment In my last post, I talked about why I sold off Croesus Retail Trust and decide to observe this stock from afar. Croesus retail trust is a business trust listed on the SGX currently with a dividend yield of nearly 10% on a high debt to asset leverage . It invests in Japan malls which have rather long master lease with rental escalations. The typical Net Property Income yield is around 6% to 7%. Since my article, management have taken 2 actions. They have taken 2 actions. The first one is to acquire two more malls, and with the first mall purchase, the three malls come with an average NPI Yield of 7.1% . The second is propose to do one more rights issue to internalize the management team . The first action to purchase the mall answers my question that the c...

Full article: http://investmentmoats.com/money-management/high-yield-in...

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