- Yield = 10.62%
- Price-to-book Ratio = 1.05
- Assets per unit = $1.104
- Debt per unit = $0.503 (including current liabilities)
- Gearing = 45.6%
IREIT Global is a unique Euro REIT with all their properties based in Germany. Their statistics are also quite unique.
Yield is at a high of 10.62% which is one of the highest in SGX. In fact, it is the highest yielding REIT (second to Accordia Golf Trust but Accordia Golf Trust is dependent on members playing golf in their golf course). However, its price-to-book ratio is 1.05 which means we are paying a premium for these properties. Well, there is no other comparable REITs in SGX which has Europe exposure so we have to take it as such. Gearing is at a high of 45.6% which in Singapore's standard is quite high. Therefore, it reflects the risks.
The price has been dropping quite steadily to $0.63 which resulted in their high yield. I am monitoring this counter and hopefully get more info about Germany property market before I make a decision. I am vested with 1,900 shares (a very small portfolio)
Yield is at a high of 10.62% which is one of the highest in SGX. In fact, it is the highest yielding REIT (second to Accordia Golf Trust but Accordia Golf Trust is dependent on members playing golf in their golf course). However, its price-to-book ratio is 1.05 which means we are paying a premium for these properties. Well, there is no other comparable REITs in SGX which has Europe exposure so we have to take it as such. Gearing is at a high of 45.6% which in Singapore's standard is quite high. Therefore, it reflects the risks.
The price has been dropping quite steadily to $0.63 which resulted in their high yield. I am monitoring this counter and hopefully get more info about Germany property market before I make a decision. I am vested with 1,900 shares (a very small portfolio)
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