- Current Yield = 8.83%
- Price-to-book Ratio = 0.611
- Assets per unit = $1.156
- Debt per unit = $0.312
- Gearing = 25.9% (include current liabilities which are not loans)
- Secured NAV = $0.466
Moreover, they are able to use lesser properties which means that they have unencumbered properties of $500 million. This translate to a secured NAV of $0.466. This means that most of the monies invested at current price will be secured without the risk of being seized by banks should something happens. I view this as a great positive news.
At current price and yield and discount to NAV, I am looking for money to invest in this counter.
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