- Yield = 6.21%
- Price-to-book Ratio = 0.894
- Assets per unit = $1.564
- Debt per unit = $0.602 (including current liabilities and perpetual securities)
- Gearing = 38.5%
Ascendas Hospitality Trust released both its results and their sale of China properties at a premium which are both good news. Moreover, the recent correction has given a chance to enter. But let's take a look at the statistics first.
Current yield is at 6.21% which is quite good among the hospitality trusts but low compared to other REITs. Their price-to-book ratio is 0.894 which means we are buying at 10% discount, taking into account the sale of the properties in China. Gearing is at a healthy 38.5%.
I am vested in Far East Hospitality Trust and their yield is getting very low due to recent surge in price. However, I don't think the price is attractive enough to make the switch. Will monitor closely on this once-loved trust.
Current yield is at 6.21% which is quite good among the hospitality trusts but low compared to other REITs. Their price-to-book ratio is 0.894 which means we are buying at 10% discount, taking into account the sale of the properties in China. Gearing is at a healthy 38.5%.
I am vested in Far East Hospitality Trust and their yield is getting very low due to recent surge in price. However, I don't think the price is attractive enough to make the switch. Will monitor closely on this once-loved trust.
Hi Joseph,
ReplyDeleteYou usually switch from lower yield to higher Reits/Business Trust which is a method I like.
My question is: when the stock market looks like going to collapse, how do you handle such a situation?
Thanks,
Winston
This post tells me that you are a prata flip-flopper type of share buyer. Apparently, looking at the strength of the management is not your forte
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