Current Price on 4th August 2010 = $0.57
- Current Yield = 6.39%
- Price-to-book Ratio = 0.621
- Assets per unit = $1.427
- Debt per unit = $0.504
- Gearing = 30.8%
- Secured Asset per unit = $0.461
Starhill Global REIT has not been in my radar until now because in its recent report, it states that it has obtained new financial facility which is secured with Ngee Ann City property. This means that Wisma Atria is now free from any debts. Thus, its secured assets has increased to $0.461 per unit (which includes its China properties). It has added much more stability to the REIT and definitely worth looking again. The only problem is that its yield is quite low and unattractive.
I am watching and hope that it will drop to below $0.55.
I see you have a small position in Indiabulls.ReplyDelete
I cannot find any website for this REIT , where do you get financial reports ?
Yes it does not have a website. Therefore, I get my info from SGX website. You can try to read the annual report which provides a lot of information.ReplyDelete
Having said that, the news about Indiabulls is quite little so every quarter report is important in order to keep track of the progress.
in their 2Q results include any contribution from starhill KL?ReplyDelete
I am not very sure... You might want to check the reports from Starhill? I am still not vested in this yet.ReplyDelete