- Yield = 7.85%
- Price-to-book Ratio = 0.876
- Assets per unit = $1.854
- Debt per unit = $0.958 (including current liabilities)
- Gearing = 51.7%
EC World REIT caught my eye because of their statistics and also the recent run-up of all other REITs and Business Trust. Let's take a look at the statistics.
With a yield of 7.85%, it is probably one of the highest yielding REIT in SGX now. Moreover, they are trading at a 12% discount to NAV which is good. Do note that all their properties are based in China doing e-commerce which looks like a boom now for them where online retailing is involved. Their Gearing is at a high of 51.7% and this is actually worrying.
This could be better than Sabana REIT that I bought recently and is able to challenge Viva Industrial Trust, Soilbuild REIT etc. It is not easy to find such a combination now i.e. high yield with trading at discount to NAV. I will consider moving some funds into this.
With a yield of 7.85%, it is probably one of the highest yielding REIT in SGX now. Moreover, they are trading at a 12% discount to NAV which is good. Do note that all their properties are based in China doing e-commerce which looks like a boom now for them where online retailing is involved. Their Gearing is at a high of 51.7% and this is actually worrying.
This could be better than Sabana REIT that I bought recently and is able to challenge Viva Industrial Trust, Soilbuild REIT etc. It is not easy to find such a combination now i.e. high yield with trading at discount to NAV. I will consider moving some funds into this.
Sir， much appreciate you can share the info with the Gearing ratio from ?
ReplyDeleteAlso how u derive the yield?
ReplyDelete