Current Price on 19th Apr 2012 = $1.02
- Current Yield = 8.18%
- Price-to-book Ratio = 1.092
- Assets per unit = $1.306
- Debt per unit = $0.372 (including current liabilities)
- Gearing = 28.5%
Cache Logistics Trust delivers its results which shows constant growth in its DPU. Its current yield is 8.18% which is favourable. But its price-to-book ratio is 1.092 which makes it quite expensive.
Its gearing is quite low and that shows the stability of the REIT which might justify why it is expensive. But it does not turn out well for me especially when I am looking for REITs which are trading below its NAV value. (It is my first criteria)
To me, Cache Logistics Trust shows what is the potential of other REITs rather than itself so I think I will still look at other industrial REITs like Cambridge and AIMS AMP Capital REIT
Its gearing is quite low and that shows the stability of the REIT which might justify why it is expensive. But it does not turn out well for me especially when I am looking for REITs which are trading below its NAV value. (It is my first criteria)
To me, Cache Logistics Trust shows what is the potential of other REITs rather than itself so I think I will still look at other industrial REITs like Cambridge and AIMS AMP Capital REIT
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