Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Rental Reversion
Redevelopment
Related Parties Shareholding
The manager and directors of the REIT manager hold a relatively low proportion of shares.Lease Profile
Debt Profile
The cost of debt is relatively low, and there is a high proportion of fixed-rate debt. Debt maturity is well spread out with a relatively WADM.Diversification Profile
The diversification profile is excellent.Key Financial Metrics
The operating distributable income margin is favorable. However, management fees are relatively high compared to operating distributable income, and the operating distribution proportion is relatively low.DPU Breakdown
- TTM Distribution Breakdown:
- 78.6% from Operation
- 12.6% from Management Fees Paid in Units
- 8.9% from Divestment Proceeds
Trends (Up to 10 Years)
- Uptrend: NAV per Unit
- Flat: DPU from Operation, Committed Occupancy
- Slight Downtrend: Operating Distributable Income Margin
- Downtrend: Adjusted Interest Coverage Ratio, Property Yield, Operating Distributable Income on Capital, Operating Distribution Proportion, Operating Distributable Income over Manager's Fees
Price Range & Relative Valuation Metrics
- Dividend Yield - Above +1SD for 1y ; Above +2SD for 3y & 5y; Average for 10y
- P/NAV - Below -1SD for 1y, 3y, 5y & 10y
Author's Opinion
For more information, check out:
SREITs Dashboard - Detailed information on individual Singapore REIT
SREITs Data - Overview and details of Singapore REIT
REIT Review - List of previous REIT review posts
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*Disclaimer: The information presented on this blog is for educational and informational purposes only. The materials, including research and opinions, are based solely on my findings and should not be considered professional financial advice or a definitive statement of fact. I cannot guarantee the accuracy, completeness, or reliability of the information provided. I shall not be held liable for any errors, omissions, or losses that may occur as a result of using the information presented on this blog. It should be noted that the information presented on this blog does not constitute a buy, sell, or hold recommendation for any security. It is crucial to conduct your own thorough research and due diligence before making any investment decisions.
Hi. Your trends for DPU, NAV, etc don't show the figures anymore. DPU breakdown is also more confusing. Not sure if anyone else feels the same way but the previous format looks better.
ReplyDeleteThank you for your feedback. For this post, I am using a 10-year trend. Including the figures would make the chart cramped and unreadable. However, I will consider using a 5-year chart based on further responses.
DeleteAdditionally, the DPU breakdown now has two parts: the top part, which remains the same as before, shows the DPU in cents; the bottom part presents the figures in terms of percentages.
I have insert the figures in trends. But due to the 10 years bar chart, I have to reduce the font size.
Delete