One good thing to note is that its price-to-book ratio is very low at 0.76. This is in fact the best ratio that I can see in the S-REIT market. Moreover, all their assets are in Singapore which I thought was favourable (compared to those who have overseas properties)
One more thing to note is that they have secured a $500 million unsecured loan to refinance their loans. I notice that the loans that they are going to pay off are secured loans. I wonder whether if that means that their secured NAV will go up. I am expecting it to go up to $1.46 which is 90% of its trading price.
I have been watching this for a long time but was never impressed by its yield. And I am always attracted by its price-to-book ratio so there is always a dilemma here. If I need to go for security and stability, I will consider this REIT.