Current Price on 20th July 2011 = $0.51
- Current Yield = 8.13%
- Price-to-book Ratio = 0.821
- Assets per unit = $0.922
- Debt per unit = $0.301 (including current liabilities)
- Gearing = 32.6%
Cambridge Industrial Trust deliver another set of results which I felt was a bit disappointing because I have expected the acquisitions announced recently to be concluded earlier than expected. Now the increase in DPU is more gradual. I have chosen to use their current dividend to calculate the yield.
Their yield has definitely dropped to a low of 8.13% from a high of 10%. I am expecting it to move back to 10% but I think it will take a while longer than usual. It still fits my criteria although it is not as attractive now. Price-to-book ratio is still at 0.821 which is cheaper than its NAV. Sad to say, there is no word on Dividend Reinvestment Plan which I am in favour.
It is still one of my anchor investments (S-REIT counters which I have at least $10,000 investment) which I will continue to hold on for as long as it maintains its current performance.
Post a Comment