1/28/2024 0 Comments Stardrive 2 research treeAll information provided is deemed reliable but is not guaranteed and should be independently verified. Listing Courtesy of Keller Williams Realty - Waco, Reyna Reyes, TREC #0795198īased on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Keller Williams Español! Continue Reading Schedule a private showing today! Reyna Reyes, Keller Williams Advantage Realty Newly Remodeled with brand new appliancesīack covered patio and fire pit for family gatherings and cook outs…ġ5 Min Away From All Things Waco with easy access to I-35 Located in the Town & Country Subdivision of Hewitt Welcome Home! Īnd TOWN & COUNTRY Lot 13 Block A Acres 1.0044 Welcome To Your Next Home in Hewitt, Texas! This Newly Remodeled Home is a beauty and perfectly MOVE IN Ready! Centrally located In one of the More Established Subdivisions of Hewitt, Texas, Town and Country…enjoy a centrally located home with space to stretch with a country feel! 4 Bed | 2 Bath | 2 CarportĢ acres total for both 232 and 240 Earle Combined, please be sure to enter both properties! TOWN & COUNTRY Lot 12 Block A Acres 1.0044Īnd TOWN & COUNTRY Lot 13 Block A Acres 1.0044. The author or authors do not own shares in any securities mentioned in this article.įind out about Morningstar’s editorial policies. This would still be above management’s initial guidance of 7%, a positive reflection of management’s execution ability, in our view. We believe the trust could land somewhere between SGD 4.00 to SGD 4.25 per square foot per month, which we estimate would help it to achieve a yield on cost of between 8% and 9%. In our view, the management’s lease up assumption is slightly conservative, and this could be due to the trust pricing rents on the premium end, with asking rents of SGD 4.50 to SGD 4.80 per square foot per month. The redevelopment project’s committed occupancy continued to improve to 44% in the quarter from 39% in the previous quarter, and management has guided for the property to achieve 70% occupancy rate by the end of fiscal 2024. The trust’s portfolio metrics remain stable, with portfolio occupancy rate declining slightly to 94.9% this quarter from 95.7% in the previous quarter due to the completion of its redevelopment project at Kallang Way. Based on the last closing price of SGD 2.36, the trust trades at a 2024 dividend yield of 5.6% and we think it is fairly valued. As a result, our estimated fiscal 2024 DPU drops to SGD 0.131 from SGD 0.145. We lower our fair value estimate slightly to SGD 2.41 per unit from SGD 2.52, after rolling forward our estimates and factoring in the effect of valuation decay on its Singapore leasehold assets and a higher near-term cost of debt. However, the trust’s distribution per unit of SGD 0.033 fell below our expectations due to higher borrowing cost. Mapletree Industrial Trust’s ME8U fourth-quarter fiscal 2023 (ending March) net property income was in line with our estimate, growing 5.8% year on year to SGD 129 million.
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