Hey Guys, I have just been looking into SCG and reading their annual reports. I have two questions:
1) In Regards to their earnings outlook being impacted, what are the specific reasons behind this? From my general understanding SCG is a Equity REIT - collecting rent from shops. Even if a lot of shops are closed right now, don't they still need to pay rent or is this put on hold/reduced? Is there any other factor that ties into their bleaker earnings outlook?
2) Looking at the income statement, i noticed they include "property revaluations" in their Income Statement (which significantly overstates/understates their profit after tax) and NOT their Other Comprehensive Income statement. Is the a reason for this? Because technically it should be under the Comprehensive Income.
Cheers
Scentre $3 Party, page-98
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