Current Price on 19th Apr 2013 = $1.37
- Current Yield = 7.04%
- Price-to-book Ratio = 1.262
- Assets per unit = $1.794
- Debt per unit = $0.708 (including current liabilities)
- Gearing = 39.5%
Comparing to its peers, AIMSAMP REIT seems a better deal as its yield is very close and it has a better price-to-book ratio. Nevertheless this is still a good deal for its yield.
I remember missing this when I tried to buy at $1.20. Somehow I have forgotten about it and let it slip to this price. Again I regretted it. Well, I will need to be more focused and do my analysis more regularly. (Have been busy at work). I will be thinking about this and weigh it against AIMSAMP REIT, Rickmers, Global Investment Limited, and Religare to see which one is the best to enter.
Hi, thanks for the analysis. According tks SGREIT blog, the Net Asset Value (NAV) for sabanna REIT is way below current market price. What's your view on that? in fact where do you think th.e target price should be for taking profits?ReplyDelete
I think as soon as dividend payout drops to <4.5%, i'll be worried
When NAV is way below the market price, it means that we are actually paying more for the properties. Thus, it is not really good. I prefer REITs with NAV higher than market price. But these days, it is hard to find.Delete
I don't really have a target price when I analyze. I continue to stick to the guidelines that I wrote in the introduction for your reference. :-)