- Yield = 8.57%
- Price-to-book Ratio = 1.095
- Assets per unit = $1.091
- Debt per unit = $0.378 (including current liabilities)
- Gearing = 34.7%
Recently, I have been asked about IREIT Global which I have a lot from its IPO. The price has fallen by a lot since its IPO and their statistics seems favourable now.
8.57% yield is probably one of the highest in the market. Bear in mind that we still need to adjust to the falling Euro so I am not optimistic about it (even though they have hedge it). I made the adjustments on the assets and debts and found that the price-to-book ratio is at 1.095. It means we are paying 10% premium. I think it is still too high.
Although the yield is 8.57%, I am not keen until the situation of Euro stabilizes.
8.57% yield is probably one of the highest in the market. Bear in mind that we still need to adjust to the falling Euro so I am not optimistic about it (even though they have hedge it). I made the adjustments on the assets and debts and found that the price-to-book ratio is at 1.095. It means we are paying 10% premium. I think it is still too high.
Although the yield is 8.57%, I am not keen until the situation of Euro stabilizes.
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