- Current Yield = 7.18% (Estimated)
- Price-to-book Ratio = 0.865
- Assets per unit = $2.234
- Debt per unit = $0.881 (including current liabilities)
- Gearing = 39.4%
Ascott Residence Trust recently have gone through a rights issue to pare down their debt which I thought was favourable considering that they are overly-extending themselves. Yield will drop from the rights issue so this is an estimate.
With the current yield at 7.18%, I would say that it is not too bad although I would wish for it to be higher i.e. 8% or higher. However, its price-to-book ratio is great at 0.865. Gearing is at 39.4% which I thought was ok as well.
There are major movements in my investments holdings so I am looking at this more closely only.
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