There are quite some numbers of office focused REITs listed in SGX in which many are diversified into other sectors. For this post, I will only compare those which receive most of their income from Singapore properties and excluded those REITs with industrial exposure. For the previous comparison, please refer
here.
* 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 - OUECT
2) Related Parties Shareholding - OUECT
3) Lease Profile - KREIT
4) Debt Profile - MCT
5) Diversification - KREIT, OUECT & Suntec
6) Key Financial Metrics - KREIT & MCT
7) Growth Trend - KREIT
8) Overall - KREIT, followed by MCT
How about relative valuation?
For relative valuation, it is a tie between KREIT, OUECT & Suntec
Above is just a quick comparison, you could refer to more detail on the individual analysis below:
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.
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