Based on the minimum price of $1.00, here are the statistics.
- Current Yield = 8.45%
- Price-to-book Ratio = 1.059
- Assets per unit = $1.398
- Debt per unit = $0.454
- Gearing = 32.4%
Sabana has lodge its prospectus with a price between $1.00 to $1.10... The yield is quite high at 8.45% which is quite attractive. The only drawback is that its NAV is $0.94 which is lower than its offer price. I am having a sense that at current situation, the property yield is quite high which result in high net yield for Mapletree Industrial Trust and Sabana despite it being expensive.
I will apply for this REIT but I will likely sell it if I manage to get some.