- Yield = 9.06%
- Price-to-book Ratio = 0.599
- Assets per unit = $1.528
- Debt per unit = $0.644 (including current liabilities)
- Gearing = 42.1%
Sabana REIT has published their set of results which I thought was reasonable. I am vested with 41,000 shares which I earn close to $500 in dividends for this round. Let's take a look at the statistics.
With a yield of 9.06%, it is currently one of the highest yielding REIT with only local exposure. What is more attractive is that its price-to-book ratio is only 0.599 which means we are buying at a big discount of 40%. No doubt information on valuation is very limiting but this is still the best gauge for us retail investors. Their occupancy has been stable at 88% which is quite comparable to the big boys which are at around 91%.
There are a lot of talks on the management and thus the price is quite depressed. Well, I think it has already been priced in and this is a good opportunity to enter with such cheap valuation by the market. With some cash coming, this is one of my top choice to enter the market. My only consideration is that I am already heavily vested in industrial properties.
With a yield of 9.06%, it is currently one of the highest yielding REIT with only local exposure. What is more attractive is that its price-to-book ratio is only 0.599 which means we are buying at a big discount of 40%. No doubt information on valuation is very limiting but this is still the best gauge for us retail investors. Their occupancy has been stable at 88% which is quite comparable to the big boys which are at around 91%.
There are a lot of talks on the management and thus the price is quite depressed. Well, I think it has already been priced in and this is a good opportunity to enter with such cheap valuation by the market. With some cash coming, this is one of my top choice to enter the market. My only consideration is that I am already heavily vested in industrial properties.
Hi, what's your opinion for the Sabana REIT Right Issues? Thanks. The Rights Units will be offered on the basis of 42 Rights Units for every 100 existing units in Sabana REIT.
ReplyDeleteI think this is a good time to enter Sabana after dropping to SGD0.455, right?
ReplyDelete