- Yield = 8.46%
- Price-to-book Ratio = 0.554
- Assets per unit = $3.005
- Debt per unit = $1.443 (including current liabilities)
- Gearing = 48.0%
Dasin Retail Trust is one of my closely-watched counter. It is also one of my anchor investments which I have gained much from it. I have recently purchased another 40,000 shares at $0.865 sometime last month. Let's take a look at the staitistics.
With the current yield of 8.64%, it is one of the highest yielding REIT in SGX. However, LippoMalls Retail Trust and Sasseur REIT are trading at a higher yield. What is attractive is that concurrently it is trading at price-to-book value of 0.554 which means we are buying at 45% discount to its valuation. This provides some form of margin of safety for investors. Gearing is also at a high of 48.0%.
With the recent purchase, I am vested with 120,000 shares, enjoying an annual dividend of $8,700 which probably can pay for my car instalment. :-) I am still holding on to it and enjoying it.
Seems Singapore is the hub for investment as I can see various investment opportunities. Thanks for sharing.ReplyDelete
Hi Mate, the income support (waiver from the 2 main shareholders) will expire in 2022. If the growth and new malls being built come online as per planned, then the yield should be able to maintain else there is some risk that yield will drop 50% after end of income support.ReplyDelete
Fantastic information, thanks for sharing. Such amazing insight.ReplyDelete
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