Iggy’s Journal: S-REIT Results From 27 to 30 October: Which Figures to Read First, and What a Headline Number Leaves Out
Iggy’s Journal: S-REIT Results From 27 to 30 October: Which Figures to Read First, and What a Headline Number Leaves Out
Monday 26 Oct 2026 | Morning
The Numbers
S-REIT results are due from 27 to 30 October.
An illustration from the episode, with made-up numbers: a landlord’s distributable income for the half-year rises 5% to S$525,000. After it issues 80,000 new units, the payout per unit is about 49 cents, down from 50 cents. By my back-calculation that implies about 1,000,000 units and S$500,000 of income before the issue.
A second illustration: gearing moves from 35% to nearly 39%, with no new borrowing.
My Personal Take
The example works because every figure in it is true and the payout per unit still falls. Income up 5% is the number that gets reported, and the other column is the one I would want explained before reacting. A headline carries one of those numbers, and the result needs both.
📺 YouTube: https://youtu.be/lw0SSpmTUSU
Cheers, Iggy 🦖
Not financial advice. Iggy’s Forensic Compliance Standards apply.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
