Current Price on 17th Apr 2012 = $0.985
- Current Yield = 7.76%
- Price-to-book Ratio = 0.746
- Assets per unit = $2.311
- Debt per unit = $0.991 (including current liabilities)
- Gearing = 42.9%
- Secured NAV = $0.675 (68.57%)
K-REIT Asia delivers a strong 1Q result with an increase in distribution which is 0.5 cents higher than what was discussed earlier. I believe this causes a price jump from $0.94 to open at $0.965 this morning. Another highlights for K-REIT Asia is its cost of debt which is at 2.03%. This is very low compared to other office REITs.
Yield is at 7.76% which is very close to the threshold which I abide to. Moreover, its price-to-book ratio is at 0.746 which is comparable to CapitaCommercial Trust. The only drawback that it has is its secured NAV which is at 69%. CapitaCommercial Trust is at 110%.
There are still some way to go for OFC which should help to prop up the yield. Apart from that, K-REIT Asia should be stabilising for now before looking at the next growth opportunities. I am vested with 16,000 shares and will continue to hold on to it.
Yield is at 7.76% which is very close to the threshold which I abide to. Moreover, its price-to-book ratio is at 0.746 which is comparable to CapitaCommercial Trust. The only drawback that it has is its secured NAV which is at 69%. CapitaCommercial Trust is at 110%.
There are still some way to go for OFC which should help to prop up the yield. Apart from that, K-REIT Asia should be stabilising for now before looking at the next growth opportunities. I am vested with 16,000 shares and will continue to hold on to it.
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