Current Price on 26th Apr 2012 = $1.33
- Current Yield = 7.38%
- Price-to-book Ratio = 0.651
- Assets per unit = $3.361
- Debt per unit = $1.318
- Gearing = 39.2%
- Secured Asset per unit = $1.147 (Estimated)
Suntec REIT has published its results which I think it is worth looking. Its yield is at 7.38% which is quite decent since there are not many REITs which are trading at above 8%. One attractive point is that its price-to-book ratio is at 0.651 which means that we are buying at 35% discount. Moreover, its secured NAV is 86% of its trading price.
I am looking at one potential investment which I can switch should I decide to sell either K-REIT or FCOT and this will definitely be the one to choose. Will monitor the price closely together with K-REIT Asia and FCOT to decide later.
I am looking at one potential investment which I can switch should I decide to sell either K-REIT or FCOT and this will definitely be the one to choose. Will monitor the price closely together with K-REIT Asia and FCOT to decide later.
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