- Yield = 9.81%
- Price-to-book Ratio = 0.887
- Assets per unit = $1.224
- Debt per unit = $0.502 (including current liabilities)
- Gearing = 41.0%
- Credit Rating = Baa3
Soilbuild Business Space Trust has published their results which caught my attention. Also because recently I haven't been looking at it and when I glance their results, I realize that I have missed this great opportunity. Let's take a look at the statistics.
With a yield of 9.81%, it is probably one of the highest yielding REIT in Singapore, probably the highest now among the industrial REITs. Sabana REIT, AIMSAMP Industrial REIT, Viva Industrial Trust has all risen or executed some rights issue. So now is this one. With a price-to-book ratio of 0.887, we are buying at a slight 11% discount, very similar to Viva Industrial Trust. More importantly, it has a credit rating of Baa3 which is considered investment grade and quite good.
Soilbuild Business Space Trust presents a very good opportunity for those who still does not have exposure to industrial REITs in Singapore. For me, I am heavily subscribed to AIMSAMP Industrial Trust, Sabana REIT and Viva Industrial Trust. If I were to invest in it, I may need to unload AIMSAMP to invest in them.
With a yield of 9.81%, it is probably one of the highest yielding REIT in Singapore, probably the highest now among the industrial REITs. Sabana REIT, AIMSAMP Industrial REIT, Viva Industrial Trust has all risen or executed some rights issue. So now is this one. With a price-to-book ratio of 0.887, we are buying at a slight 11% discount, very similar to Viva Industrial Trust. More importantly, it has a credit rating of Baa3 which is considered investment grade and quite good.
Soilbuild Business Space Trust presents a very good opportunity for those who still does not have exposure to industrial REITs in Singapore. For me, I am heavily subscribed to AIMSAMP Industrial Trust, Sabana REIT and Viva Industrial Trust. If I were to invest in it, I may need to unload AIMSAMP to invest in them.
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