As mentioned on previous post, REIT needs to expand and acquire more properties to increase their revenue, income and distribution. When they achieved this, only shareholders can enjoy higher dividend yield.
Now, Cambridge has action! I learned that Cambridge has the intention to expand and acquire more properties from 1Q financial report under page 13 "Potential Property 2". This interested me, and leads to my buy call. (one of the reasons :P)
Based on latest announcement, ( for those interested on this announcement, you can have the information Here) the acquisition process doing well. The only negative part is the cost increased 2 million as the vendor not agree to the proposed price (S$12.5m). This increase reflects the current favourable market conditions? Or seller just try to mark up higher to earn more profit? Anyway as a sharesholder, my concern is when Cambridge can close the deal? When the newly bought units can contribute to us?
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