SGX:UD1UOffice REITs
IREIT Global (SGX:UD1U) Stock Faces Deepening Losses And NAV Pressure
IREIT Global ended Thursday at SGD0.184, after a tough three months that left the stock down about 22% even before investors could fully digest the latest half year numbers. The headline is not revenue. It is the deepening loss profile and what that means for a highly geared office REIT that depends on its ability to service interest costs from rental cash flow.
Short term traders are reacting to a weak trailing twelve month earnings line. Long term holders are now forced to weigh that loss...