Yield is very low at 5.17%, the lowest among the office REITs. But price-to-book ratio is at 0.925 which is average. But what is promising is its secured NAV which is at 106% of its trading price. This also means that in the worst case scenario aka debts are defaulted and properties are seized, there is still a value of $1.616. This is great!
This is just one of the considerations for me especially when security is concerned. There are other REITs which I am considering and will be writing in this blog soon on it. It does seem attractive because of the secured NAV.