Current Price on 17th Jan 2013 = $0.685
- Current Yield = 7.18%
- Price-to-book Ratio = 1.059
- Assets per unit = $1.073
- Debt per unit = $0.426 (including current liabilities)
- Gearing = 39.7%
Cambridge Industrial Trust has reported their results which place their yield at 7.14%. This place CIT at the third place behind Sabana REIT and Religare Health Trust. Its price-to-book ratio is at 1.059 which is quite decent considering that there are not many REITs trading at a discount to its NAV. Gearing is at 39.7% and debts in 2013 will be repaid with cash that they have.
With the current extraordinary climate of ultra-low interest rates and lots of printing of money (from foreign countries), I am looking closely at the valuation of the properties as I believe there is room for appreciation because of the inflation that is being pushed by other countries. But this got to wait until the official valuation report to come.
I am vested with 52,900 shares in Cambridge. According to my criteria, I should be getting ready to sell but there is really not much options left in the market so I am holding on to this. It is appreciating anyway so enjoying the rise.
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