Croesus Retail Trust caught my eye based on two factors. One is their extremely high yield at 8.6% which is currently one of the best. Moreover, it is trading at price-to-book ratio of below one. The problems are that the gearing is quite high at 47.5% and yen has fallen by 10%.
I believe that the valuation will move up because of the growth that their government has introduced. This should help in its NAV. Moreover, the businesses has picked up which is a good sign for Japan and Croesus Retail Trust.
I do not have money currently to make purchases but I will make more observation and analysis before my next move.