- Current Yield = 8.86%
- Price-to-book Ratio = 0.993
- Assets per unit = $1.165
- Debt per unit = $0.369 (including current liabilities)
- Gearing = 38.7%
I sort of lost track of Sabana REIT recently so missed the chance to switch when it was at a low of $1.03. That was an ideal entrance stage.
With the current yield at 8.86%, it is the highest REIT with 100% exposure in SG only. I see this as a good point because SGD is one of the few currencies that is appreciating. Thus, foreign funds should flow into our country just because of currency fluctuation. Nevertheless, it does not really apply to me as a Singaporean.
In my previous post, I said that I was thinking of switching. But I did not follow through which resulted in the missed opportunity. It seems that there is still a chance of switching but need to analyze the cost impact because AIMSAMP Industrial REIT is also doing well and its yield is increasing as well.
They were saying Sabana is having problem with the expiring leases & also 50% vacancy from their newly acquired property...ReplyDelete
So investor punished this counter.
What do you think?