SPH REIT’s 2nd Half and Full-Year Results (FY 2019-20) – The Good and The Bad
This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with username known as @ljunyuan and has 1405 followers.
Time flies. We are now into the final quarter of the calendar year 2020. With that, we are into another round of earnings season, where, over the next couple of weeks, we await for companies to release their updates for the quarter ended 30 September 2020. SPH REIT however, has already released its financial results.
Just like in the previous quarters, I will be providing updates on companies in my long-term investment portfolio (you can check out all the companies I’ve invested in here) as and when the management makes available the latest updates.
SPH REIT (SGX:SK6U) was the first company that released its financial results for the second half of the financial year 2019/20 (the period between 01 February and 30 August 2020), as well as for the full-year 2019/20 yesterday evening (06 October 2020) after market hours.
In this post, you will find key components of the retail REIT’s latest results to take note of, along with my personal thoughts…
Financial Results (2H FY2018/19 vs. 2H FY2019/20, and FY2018/19 vs. FY2019/20)
In this section, you will find the REIT’s financial performance for the second half of the financial year 2019/20 compared against the same period last year (i.e. 2H FY2018/19), as well as the REIT’s full-year results for FY2019/20 compared against its results for the previous financial year 2018/19: