- Yield = 6.80%
- Price-to-book Ratio = 1.052
- Assets per unit = US$ 1.326
- Debt per unit = US$0.489 (including current liabilities)
- Gearing = 36.9%
With the withdrawal of one of the IPOs earlier, this is one which I hope will pull through. Let's take a look at the statistics.
With a yield of 6.8%, it doesn't look exciting. Manulife US REIT is yielding higher at 7.05% which is probably better. Moreover, its price-to-book ratio is at 1.052 which is almost the same as Manulife US REIT. Gearing is at 36.9% which is quite safe.
US REITs listed in SGX is not common and this is the second one. Thus, we have to compare it to see how they are valued. From the looks of it, it does look the same so I am assuming that it is fairly valued. Thus, this looks more like a growth story since they are adopting an aggressive acquisition stand.
I would love to apply for its IPO if I have some cash but I may not be able to do it. Just that we should not assume that we can earn something from day one of its listing.
With a yield of 6.8%, it doesn't look exciting. Manulife US REIT is yielding higher at 7.05% which is probably better. Moreover, its price-to-book ratio is at 1.052 which is almost the same as Manulife US REIT. Gearing is at 36.9% which is quite safe.
US REITs listed in SGX is not common and this is the second one. Thus, we have to compare it to see how they are valued. From the looks of it, it does look the same so I am assuming that it is fairly valued. Thus, this looks more like a growth story since they are adopting an aggressive acquisition stand.
I would love to apply for its IPO if I have some cash but I may not be able to do it. Just that we should not assume that we can earn something from day one of its listing.
No comments:
Post a Comment