Home Capital Broker's Calls

EC World REIT a ‘buy’ on yield compression potential

PC Lee
PC Lee8/8/2018 04:17 PM GMT+08  • 2 min read
EC World REIT a ‘buy’ on yield compression potential
SINGAPORE (Aug 8): EC World REIT (ECW) reported 2Q18 results that came within expectations of research house SooChow CSSD Capital Markets (Asia).
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 8): EC World REIT (ECW) reported 2Q18 results that came within expectations of research house SooChow CSSD Capital Markets (Asia).

To recap, ECW’s 2Q18 revenue rose 7.6% y-o-y to $24.9 million while NPI rose 8.2% y-o-y to $22.8 million, driven by contribution from maiden acquisition Wuhan Meiluote.

Distribution income came in 3.1% higher at $12.4 million while DPU of 1.57 cents was 1.9% higher as 1Q18 results incurred withholding tax expenses from cash repatriation.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.