- Current Yield = 8.25%
- Price-to-book Ratio = 1.034
- Asset Per Unit = $2.182
- Liabilities per unit = $1.244
- Gearing = 57.0%
Croesus Retail Trust is one on my watchlist although I have recently sold my holdings on it. Plus its recent acquisition and private placement, it is worth another look.
Its current yield is 8.25% which is one of the best yields that we can get. Moreover, its price-to-book ratio is 1.034 which means we are paying a premium of 3.4%. Compared to Saizen REIT which is trading at 22% discount and even Accordia Golf Trust which is trading at 7% discount, it does seem expensive. Nevertheless, the high yield justifies the price. Its gearing looks very threatening at 57% which I thought was too high. It also mean that the risk is high as well.
The yield really look attractive, something which I was considering (thus this post). But after looking at other data, I am just glad that I have sold my holdings earlier.
What other data have look and analysis regards to your post?