DDMP REIT (DDMPR) like its sponsor and parent company Double Dragon (DD) has been recognizing as income the unrealized gains from changes in fair values of investment property. At the end of the day the unrealized gains from the increase in fair value of investment properties, although “not yet realized,” are added to the capitalContinue reading “DDMPR offering price, a 14% premium over per share equity at fair value”
Tag Archives: DD
A successful DD REIT will unlock value in DoubleDragon (DD)
In the nine-month period ending September 30, 2020 DoubleDragon Properties Corp. (DD) reported a net income of 5 Billion Pesos. However, of the net income of 5 Billion Pesos, 5.5 Billion Pesos came from revenues consisting of “paper profits” from unrealized gain from changes in fair value of investments properties. Right now, DD’s balance sheetContinue reading “A successful DD REIT will unlock value in DoubleDragon (DD)”
DoubleDragon’s (DD) $75 Millon proceeds from bond offering may not be enough to address short-term debts
DoubleDragon Properties Corp. (DD) just recently successfully concluded last July 21, 2020 its maiden US$75,000,000 5-year dollar bond issuance which is now listed in the Singapore Exchange Securities Trading Limited (SGX). According to DD’s disclosure the bond is trading above par or on a premium. As of end of the first half of 2020, DDContinue reading “DoubleDragon’s (DD) $75 Millon proceeds from bond offering may not be enough to address short-term debts”
ATTENTION dividend investors, time to ditch AREIT (4.82%) for Double Dragon Prefs DDPR(6.38%)
AREIT debuted in the market with a 27 per share public offering. At that time we said that buying AREIT at 27 could inflict capital loss as the market will have to price it down to set the appropriate yield for AREIT which could be around 5.5% to 7%. At the time AREIT was listedContinue reading “ATTENTION dividend investors, time to ditch AREIT (4.82%) for Double Dragon Prefs DDPR(6.38%)”