Current Price on 18th October 2011 = $0.445
Cambridge Industrial Trust deliver another set of results which I felt was a bit disappointing because I have expected the acquisitions announced recently to contribute to this quarter. In their rights document, I am expecting 1.25 cents per quarter which I have actually used it for my analysis. I should be more conservative.
At current valuation, it is still great to buy but there are better investments which offer higher yield and lower price-to-book ratio. AIMSAMP REIT offers that. There are also other REITs like K-REIT Asia, Suntec REIT, Lippo Malls which offers 9% yield and lower price-to-book ratio. I felt that it is time to consider the quality of assets under management since the statistics are now quite similar.
It is still one of my anchor investments (S-REIT counters which I have at least $10,000 investment) which I will continue to hold on. No point incurring trading expenses unless there is a real good deal coming up.