It's the time of the year again where Reits start to announce their quarterly result. It's also window dressing time for those companies not performing so well to think what good news they could highlight to shareholders. 1 good example is improved earnings compared to previous quarter. They could use it as a title e.g "Distributable income grew by x%" in their earnings report. However the improved earnings could be at the expense of increase in unitholders e.g rights issue. Don't just look at the size of the pie. Look at how many people are going to share the pie.
Don't just hear the good stuff. Check the numbers.
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