Current Price on 17th Dec 2010 = $0.69
- Current Yield = 9.02%
- Price-to-book Ratio = 0.899
- Assets per unit = $0.969
- Debt per unit = $0.207
- Gearing = 21.3%
- Secured NAV = $0.064
I have decided to analyze this REIT again despite the short timeframe due to the fall in price level. From the data shown above, I felt that the current price is still good as it is trading at 10% discount to NAV + a yield of 9.02% which is very high. With low gearing which helps to provide stability, this is definitely something worth considering.
Currently, I have three anchor investments which provide steady income supplement to me and one of them is First REIT. If there is going to be additional funds for investments next year, this is one of those which I will consider buying.
Currently, I have three anchor investments which provide steady income supplement to me and one of them is First REIT. If there is going to be additional funds for investments next year, this is one of those which I will consider buying.
Hi, do you know why the share price drop so much?
ReplyDelete