- Yield = 10.06%
- Price-to-book Ratio = 0.89
- Assets per unit = $1.915
- Debt per unit = $1.033 (including current liabilities)
- Gearing = 54.0%
Accordia Golf Trust recently caught my attention more because it is a Japan REIT which offers high yield. Here are the reasons.
It went down recently because of the falling Yen which depress its market value and its yield. However, recently it has stabilized and it looks like Singapore is also looking at easing our currency (although not now) to make sure that our economy is competitive. Thus, I am predicting that the S$/Yen will stabilized. It has stabilized at 87 Yen.
Thus, I used this data to calculate its yield, assets and debt per unit so that I have a good gauge of the overall NAV. I found that it is trading at 11% discount with a high yield of 10.06%. Even after this distribution, it will be almost 8% which to me is still favourable.
As I have $60,000 cash on hand currently and I will be considering this counter seriously together with LippoMall Retail Trust and GlobalInv to place my monies for yield.
It went down recently because of the falling Yen which depress its market value and its yield. However, recently it has stabilized and it looks like Singapore is also looking at easing our currency (although not now) to make sure that our economy is competitive. Thus, I am predicting that the S$/Yen will stabilized. It has stabilized at 87 Yen.
Thus, I used this data to calculate its yield, assets and debt per unit so that I have a good gauge of the overall NAV. I found that it is trading at 11% discount with a high yield of 10.06%. Even after this distribution, it will be almost 8% which to me is still favourable.
As I have $60,000 cash on hand currently and I will be considering this counter seriously together with LippoMall Retail Trust and GlobalInv to place my monies for yield.
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