- Current Yield = 7.19%
- Price-to-book Ratio = 0.868
- Assets per unit = $0.893
- Liabilities per unit = $0.323 (including current liabilities)
- Gearing = 36.2%
- Secured NAV = $0.402 (81.2%)
There has been weakness in the REIT sector with the impending rise in interest rates. However, there are analysts who are saying that there is an over reaction. Nevertheless, yield has risen and there are opportunities lying around now. One of them, I believe is LMIR.
Its yield is back at 7.19% which is quite high compared to other retail REITs. Moreover, its price-to-book ratio is at 0.868 which means we are getting it at quite a discount. Secured NAV is at 81.2% which provided some security to its trading price as well. Liabilities level is at a healthy 36.2% with low level of debt.
LMIR will continue to grow with the support of its Indonesian sponsor and this trading price is one which is quite low, a level I have not seen for a while. Nevertheless, the market is quite weak now so observing closely to see whether I should increase my holdings. (I haven't sell what I have yet!)
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