Current Price on 19th Oct 2010 = $2.11
- Current Yield = 6.26%
- Price-to-book Ratio = 1.346
- Assets per unit = $2.604
- Debt per unit = $1.036
- Gearing = 39.8%
- Secured Asset per unit = $1.336 (Estimated)
Ascendas REIT has reported its latest results, setting a benchmark for all industrial REITs as it is the biggest one on the market. One of the most stable REITs we have, it is quite sad that it has been priced in. Its yield is low compared to the rest, and its price-to-book ratio is above NAV. I will prefer to the smaller industrial REITs like Cambridge, AIMS AMP Capital or Cache which offer higher yield and trading at a discount to NAV.