Current Price on 22nd Oct 2010 = $0.165
- Current Yield = 7.52%
- Price-to-book Ratio = 0.598
- Assets per unit = $0.563
- Debt per unit = $0.287
- Gearing = 51.0% (excluding CPPU)
FCOT has managed to improve its yield to one which is close to my threshold. Moreover, its price-to-book ratio is very low which makes it attractive. The only problem is its high debt and gearing (excluding CPPU). Compared to other REITs, it is less likely to grow until it solves its debt and equity problems.
I am waiting for the price to drop to 0.155 gives me 8% yield and my likely price to invest in FCOT. Hopefully after it goes XD, there will be a drop in price which gives me a chance to enter the market.