Current Price on 5th Oct 2010 = $1.52
- Current Yield = 6.61%
- Price-to-book Ratio = 0.905
- Assets per unit = $2.556
- Debt per unit = $0.865
- Gearing = 33.8%
- Secured Asset per unit = $1.815 (Estimated)
Suntec REIT has announced a new term loan which is secured only through Suntec City Mall... This means that the Office Towers are now unencumbered... It is quite difficult to check the exact valuation so I made an estimate on the Secured Asset. Currently it looks very attractive in terms of secured assets because it is higher than current trading price. I will consider investing in this REIT although its yield has not reached my criteria.