CROESUS RETAIL TRUST FY 2015 RESULTS

Revenue increased 21.9% vs 2014
Net Profit increased 58.1% including Net Gains in Property and Financial Instruments
Net Profit decreased 13.5% before Net Gains in Property and Financial Instruments
Net Profit increased 72.1% before Net Gains in Property and Financial Instruments but after adjustments for Net Gains in Cash Flow Hedge
Current Ratio 12.2
Gearing 22.3%
Distribution is S$0.0392 for H2 2014 vs S$0.0372 in H2 2014. This represents an increase of 5.4%.
Total Distribution for FY 2015 is S$0.0808
At current price of S$0.895, this represents a yield of 9.0%.

Occupancy remained strong with 3 malls having more than 98% occupancy while the other 4, 100% occupancy.

Based on the yield and strong financials, Croesus retail Trust is a BUY.

My disclosure: I am long Croesus Retail Trust.