Yield is at 8.98% which is quite ok in my opinion. One of the higher yields among the industrial REITs but not the highest. Cache Logistics Trust is higher. Their price-to-book ratio is at 0.900 which means that we are buying at 10% discount. This becomes tricky because there are others like Cambridge Industrial Trust, Sabana REIT which are much cheaper. Gearing is at 40.5% and their debt rating is at Ba2 equivalent.
I have included occupancy in the statistics from now on just to reflect assets which are not generating income. At 86.9%, it is probably one of the lowest among the REITs, even lower than Sabana REIT which is perceived to be in trouble due to falling occupancy. I would say that their occupancy is quite stable and there is potential room for growth in tenancy.
I am still holding on to this, but may pare down to reduce risks due to single counter. Some REIT must come with better statistics for it to happen.