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CK Choy.

Market Sense 市场意识: Top 10 REITs and Property Business Trusts in Jun 2013
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in this are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
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Sunday 30 June 2013

Top 10 REITs and Property Business Trusts in Jun 2013

by Alvin
I have ranked the REITs and Property Business Trusts listed in Singapore by 3 criteria.
  1. Price/Net Asset Value
  2. Dividend Yield
  3. Debt-to-Equity Ratio
The results are documented here:

How to use the sheet?

The sheet serves as a guide to help you to find value-for-money REITs. It is not a recommendation to buy the top 10 REITs in this list. The top 10 REITs are those which ranked well in all three criteria mentioned above. You can take another step to review if the individual REIT fits your investment needs. Is the Price/NAV below 1? Or even lower? Is the dividend yield acceptable to you? How about the leverage? Is it too high for your comfort?
I hope the ranking can help you focus on the right REITs. You are a busy person and I know that. Instead of looking through all the REITs, you can save time by examining the top 10 or even just the top 3.

My View on REITs

REITs have tumbled down in price after the Fed talked about stopping QE3. Many feared the interest rates would go up and leveraged companies like REITs will be affected the most. I do not want to predict the future and I do not know when the Fed will pull the plug, or even if they will. Focusing on the valuations now, the REIT sector has an average Price/NAV of 1. This means that REITs are fairly valued. Secondly, dividend yield is about 5.74% which is decent but not impressive. Thirdly, the debt-to-equity ratio averaged 63%, which is on the high side but not at risky levels.
I believe there is room for the REITs to go up in price but personally, I will not participate at these prices since there isn’t any clear discounts.
- See more at: http://www.bigfatpurse.com/2013/06/top-10-reits-and-property-business-trusts-in-jun-2013/?utm_source=rss&utm_medium=rss&utm_campaign=top-10-reits-and-property-business-trusts-in-jun-2013#sthash.ic9AhRlF.dpuf
Posted by ckchoy77 at 08:44
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