Current Price on 19th Apr 2012 = $0.56
- Current Yield = 8.36%
- Price-to-book Ratio = 0.902
- Assets per unit = $0.931
- Debt per unit = $0.31 (including current liabilities)
- Gearing = 33.3%
- Secured NAV = $0.075 (13.6%)
Cambridge Industrial Trust finally delivers the results which I have been expecting. Its yield has improved to 8.36% (noting that there is price increase as well) which is still above my minimum standard of 8%.
Cambridge has resumed its Dividend Reinvestment Plan (DRP) which I am in favour of. To me, it looks like an account which gives compound interest. However this time round, I will make sure that I don't have odd lots so that it is easier for me to exit this investment should there be a need to.
Price-to-book ratio is at a modest 0.902 (which means we have a 10% discount). Secured NAV should increase when compulsory acquisition by the Govt kicks in.
I am vested with 50,000 shares and I am watching the price closely because its pricing is very high now and there are more reasons to invest in other REITs.
Cambridge has resumed its Dividend Reinvestment Plan (DRP) which I am in favour of. To me, it looks like an account which gives compound interest. However this time round, I will make sure that I don't have odd lots so that it is easier for me to exit this investment should there be a need to.
Price-to-book ratio is at a modest 0.902 (which means we have a 10% discount). Secured NAV should increase when compulsory acquisition by the Govt kicks in.
I am vested with 50,000 shares and I am watching the price closely because its pricing is very high now and there are more reasons to invest in other REITs.
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