Industrial REITs Comparison - Part 2 @ 8 December 2020

This is the continuous post from the previous comparison on industrial REITs. This time, I would compare the remaining industrial REITs. Sabana REIT is added into comparison as the merger is not gone through in last Friday EGM vote. 

Image by Pashminu Mansukhani from Pixabay

* Growth Trend for DPU is not adjusted for any equity fundraising.

Below is the summary for REIT with more favorable points by categories:

1) Basic Profile & Key Statistics - CEREIT

2) Related Parties Shareholding - ESR

3) Lease Profile - CEREIT

4) Debt Profile - CEREIT

5) Diversification - CEREIT

6) Key Financial Metrics - AAREIT & CEREIT

7) Growth Trend - ESR

8) Overall - CEREIT, followed by ESR and then AAREIT.

How about relative valuation?

For relative valuation, it is a tie between AAREIT, ESR & Sabana.

Above is just a quick comparison, you could refer to more detail on the individual analysis below:

- AIMS APAC REIT Analysis @ 29 October 2020

- Cromwell European REIT Analysis @ 18 November 2020

- ESR-REIT Analysis @ 6 November 2020

- Soilbuild Business Space REIT Analysis @ 15 October 2020

For more information, you could refer to:

SREITs Dashboard - Detailed information on individual Singapore REIT

SREITs Data - Overview of Singapore REIT

REIT Analysis - List of previous REIT analysis posts

REIT Investing Community - Facebook Group where members share and discuss REIT topic

*Disclaimer: Materials in this blog are based on my research and opinion which I don't guarantee accuracy, completeness, and reliability. It should not be taken as financial advice or a statement of fact. I shall not be held liable for errors, omissions as well as loss, or damage as a result of the use of the material in this blog. Under no circumstances does the information presented on this blog represent a buy, sell, or hold recommendation on any security, please always do your own due diligence before any decision is made.