The yield is at 13.10% which is fantastic. It is the highest grossing yield play at the moment. Moreover, its price-to-book ratio is at 0.724 which means we are buying at 26% discount to net assets. Gearing is at a high of 51.5% which is actually quite dangerous.
One thing which is not favourable is the fact that its assets are depreciating, which means their assets per unit will drop theoretically. I am not very sure whether this is correct but this is how I understand. How fast the assets per unit drops depends on how fast the assets depreciates. Moreover, they need to raise cash to fund their capital expenditure which is much more than a REIT.
Nevertheless, I think it is already priced in at a 26% discount-to-NAV which I am actually very comfortable. Moreover, with a yield of 13.10%, the risk may just be worth it to take. Looking seriously into this.