- Yield = 7.02%
- Price-to-book Ratio = 0.747
- Assets per unit = $1.927
- Debt per unit = $0.829 (including current liabilities)
- Gearing = 43.0%
- Credit Rating = Ba1
OUE Commercial REIT has just reported its results recently which improves its yield and NAV. I think it is a good news so spend time to get more statistics.
Yield is at 7.02% which is much higher than Keppel REIT and Fraser Commercial REIT. Moreover, its price-to-book ratio is probably one of the best currently at 0.747. This means that you are getting these properties at about 25% discount. Recently, they got their independent valuation of their properties which shows an increase in its NAV.
One downside note is that their gearing is quite high at 43.0% and its credit rating is at Ba1 which is not investment grade. Its credit rating is probably one of the worst among REITs listed in SGX (excluding those which did not obtain one, but their gearing is limited at a maximum of 35%)
I am glad that I am looking at this counter after researching on FCOT and Keppel REIT and would probably invest in this with strong and favourable yield and NAV.
Yield is at 7.02% which is much higher than Keppel REIT and Fraser Commercial REIT. Moreover, its price-to-book ratio is probably one of the best currently at 0.747. This means that you are getting these properties at about 25% discount. Recently, they got their independent valuation of their properties which shows an increase in its NAV.
One downside note is that their gearing is quite high at 43.0% and its credit rating is at Ba1 which is not investment grade. Its credit rating is probably one of the worst among REITs listed in SGX (excluding those which did not obtain one, but their gearing is limited at a maximum of 35%)
I am glad that I am looking at this counter after researching on FCOT and Keppel REIT and would probably invest in this with strong and favourable yield and NAV.
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