- Current Yield = 9.71%
- Price-to-book Ratio = 0.86
- Assets per unit = $1.05
- Debt per unit = $0.451 (Interest Rate at 5.93%)
- Gearing = 43.5%
Cambridge Industrial Trust is one of the REIT with the highest yield, and having its assets based entirely in Singapore. This gives a lot of security to the assets that Cambridge is holding. Moreover, it is trying to diverst its non-core assets, trying to reduce debt and therefore gearing. I see this as a very good move especially when the interest rate is actually quite high. However, I am still waiting for news about how they are going to reduce its debt with the money they have because their distribution is falling because of fewer assets generating income. Hope to hear more news from it. I have 20,000 shares already and should be enough for now.