- Yield = 9.03%
- Price-to-book Ratio = 0.968
- Assets per unit = $2.147
- Debt per unit = $1.188 (including current liabilities)
- Gearing = 56.6%
Croesus Retail Trust published their results at a time where everyone is panicky about stocks as it melts down. Let's take a closer look at what they have.
Yield is at one of the highest at 9.03%. In fact, it is the highest among the retail reits, even better than LMIR. However, take note that both have assets in Japan and Indonesia respectively (instead of Singapore). With the recent revaluation, they are now trading at a discount, although a small one at 3% discount. Gearing (when include other liabilities) is at 56.6% which is extremely high.
Although they have a great yield at 9.03%, the market has counters which gave better returns (although it is not in the retail sector). Moreover, its gearing is quite alarming. I can get the same return at a much safer gearing. Price-to-book ratio is also not attractive enough for the yield that they are offering. I would say that they are just unfortunate.
I have no investment in this, and will monitor this counter since it offers high yield. But I will not buy this. There are better ones outside.
Yield is at one of the highest at 9.03%. In fact, it is the highest among the retail reits, even better than LMIR. However, take note that both have assets in Japan and Indonesia respectively (instead of Singapore). With the recent revaluation, they are now trading at a discount, although a small one at 3% discount. Gearing (when include other liabilities) is at 56.6% which is extremely high.
Although they have a great yield at 9.03%, the market has counters which gave better returns (although it is not in the retail sector). Moreover, its gearing is quite alarming. I can get the same return at a much safer gearing. Price-to-book ratio is also not attractive enough for the yield that they are offering. I would say that they are just unfortunate.
I have no investment in this, and will monitor this counter since it offers high yield. But I will not buy this. There are better ones outside.
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