- Yield = 9.11%
- Price-to-book Ratio = 0.850
- Assets per unit = $1.436
- Debt per unit = $0.589 (including current liabilities)
- Gearing = 41.0%
Ascendas Hospitality Trust recently announced their results which caught my interest and it came out of the blue because I haven't been monitoring this for a while. Here is the statistics.
Yield is at 9.11% which means they are now the highest yielding hospitality trust. Previously I was looking at Far East Hospitality Trust and Fraser Hospitality Trust so here is a third one which I am looking at now. Their price-to-book ratio is 0.85. It means we are buying at 15% discount to NAV. Quite good enough even though there are other better ones. Gearing is at 41.0% which include other liabilities so it looks ok (not fantastic)
It caught my eye because it is getting more and more difficult to find REITs which are yielding at above 9% which are non-industrial. It would become important to me to diversify and with this set of data, I am buying some of the shares in the very near near future.
Yield is at 9.11% which means they are now the highest yielding hospitality trust. Previously I was looking at Far East Hospitality Trust and Fraser Hospitality Trust so here is a third one which I am looking at now. Their price-to-book ratio is 0.85. It means we are buying at 15% discount to NAV. Quite good enough even though there are other better ones. Gearing is at 41.0% which include other liabilities so it looks ok (not fantastic)
It caught my eye because it is getting more and more difficult to find REITs which are yielding at above 9% which are non-industrial. It would become important to me to diversify and with this set of data, I am buying some of the shares in the very near near future.
Where did you get information that Ascendas Hospitality get more than 9% yield instead of 7% ?
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