Based on price at $0.91
- Current Yield = 9.68%
- Price-to-book Ratio = 0.898
- Assets per unit = $1.41
- Debt per unit = $0.396
- Gearing = 28.1%
Sabana REIT reported their first quarter results which is impressive especially after XD where its price dropped by 3 cents. It has a yield of 9.68% which is very high. Moreover, it is trading at 10% discount to NAV which is again attractive. Finally, it has low gearing which makes it stable. Overall, it fits all my criteria.
As posted earlier, I will offload First REIT when it reaches the NAV price. This would be one which I will consider seriously to invest should I need another anchor investments. Just take note that I will need to compare this with AIMSAMP and Cambridge which offers higher yield and larger discount. They are more attractive, but I wonder if my investments is too focused on these two REITs.
As posted earlier, I will offload First REIT when it reaches the NAV price. This would be one which I will consider seriously to invest should I need another anchor investments. Just take note that I will need to compare this with AIMSAMP and Cambridge which offers higher yield and larger discount. They are more attractive, but I wonder if my investments is too focused on these two REITs.
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