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Anonymous

08 Oct 2019

Property

Why is there a difference between the total units issued and total units used in calculating EPS?

I'm learning fundamental analysis of REITs, and in the 2018 annual report of CMT (C38U), there is a difference between the total units issued (3,686,902,000) and the total units used in calculating EPS (3,568,687,000).

Why is that so?

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Elijah Lee

05 Oct 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

My understanding is that 134,089,000 units were issued as part of a placement exercise late in 2018. Also, the REIT managers may have taken some of their fees in units. When calculating EPS, the REIT would not include these units since their impact on the calculation is not for the full year EPS, as they were only issued late in the year.

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