Anonymous
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?
4
Discussion (4)
Learn how to style your text
Elijah Lee
05 Oct 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
4.8
778 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
4.4
321 Reviews
4.7
211 Reviews
Related Posts
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.