Introduction
Similar to many companies and partnerships, GasLog Partners (GLOP) reduced their distributions by a massive 78% earlier in 2020 to help tackle their leverage and upcoming debt maturities. Following the subsequent selloff that has pushed their unit price down by over 60%, their distribution yield still sits near a very high 13%. Whilst the first half of 2020 is one that many existing unitholders dreaded, the prospects going forward are looking very desirable with a combination of being paid handsomely to wait throughout their deleveraging process.
Executive Summary & Ratings
Since many readers are