GLP Q1 profit drops 80%, due to fair value gain down 93.9%; excluding revaluation gains, profit rose 2.3%.
I just read annual report of GLP, supprise to find that they do revaluation every quarter and count into profit. It just defocuses the operation performance, and it is not cash flow too. Why revaluation?
Bigger question, do they distribute dividend according cash flow or profit? If profit, then the fluctuation will be huge.
Any answer?
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