Pls note the debt payment by Centurion covers both interest and capital, so by the end of the mortgage, the company owns the properties. It develops properties and operates them, so should be sponsor + reit to be more correct.
Correct me if I am wrong. Is the gearing more than 100%? That's insanely high. The interest coverage is less than 3x
Reply to @Xiao_Ming : You can check it out what was the previous qtr dpu. I am using dpu of 16.1 cents = 5.1%
the gearing abit too high and interest coverage dropped this year..
Pls note the debt payment by Centurion covers both interest and capital, so by the end of the mortgage, the company owns the properties. It develops properties and operates them, so should be sponsor + reit to be more correct.
Correct me if I am wrong. Is the gearing more than 100%? That's insanely high.
The interest coverage is less than 3x
Reply to @Xiao_Ming : You can check it out what was the previous qtr dpu. I am using dpu of 16.1 cents = 5.1%
the gearing abit too high and interest coverage dropped this year..