Current Price on 18th Jan 2011 = $2.15
- Current Yield = 6.45%
- Price-to-book Ratio = 1.275
- Assets per unit = $2.631
- Debt per unit = $1.041
- Gearing = 39.6%
Ascendas REIT is the major industrial REIT which sets the pace and standards for all other industrial REITs. It is so big that other industrial REITs are no where near its size. The yield is also quite good at 6.45% although it is quite expensive at price-to-book ratio of 1.275.
I felt that its size has hindered them from growing substantially. It seems so developed that it will just grow steadily at a pace which it is comfortable. However, its growth is too slow at less than 1% which is not favourable.
I prefer smaller REITs although they are more financially vulnerable. Only when I start to get older, and I need security more than growth then I will consider A-REIT.