27-04-2023, 10:17 PM
VB, still learning how to value REITS. MIT FY22/23 announcement just came out
In looking at the P/L, it indicated a $110.632M net loss from valuation. Should we be concern on this? Seems excessive?? What I'm not understanding is in the Portfolio Valuation (page 12 of Result Slides), it actually show an increase instead. Anyone care to enlighten?
Also puzzled by the non-tax deductible is it also usual to see large fluctuations $46,441K (for FY22/23) vs -$107,018K (for FY21/22): see page 6 of Financial Result. The footnotes says its valuation loss/gain property under development. Do we normally expect such fluctations?
Appreciation any clarification. Thanks.
J
In looking at the P/L, it indicated a $110.632M net loss from valuation. Should we be concern on this? Seems excessive?? What I'm not understanding is in the Portfolio Valuation (page 12 of Result Slides), it actually show an increase instead. Anyone care to enlighten?
Also puzzled by the non-tax deductible is it also usual to see large fluctuations $46,441K (for FY22/23) vs -$107,018K (for FY21/22): see page 6 of Financial Result. The footnotes says its valuation loss/gain property under development. Do we normally expect such fluctations?
Appreciation any clarification. Thanks.
J