Div Yld in %: Dividend yield
P/BV: Price to Book Value
Price vs High in %: Current price vs 52 weeks High
D/E in %: Debt to Equity
Growth 3y in %: 3 years Revenue Growth
Considering borrowing cost would be in rising path, lower debt is the top criteria to for shortlisting REIT. Following four counters were selected because of respective D/E less than 50%. Generally, all of them have been declining from 52 weeks high. Investors could set accumulation price based on individual risk investment objective.
ESR - REIT:
Upon consolidation with Viva Industrial Trust, it emerged as 4th largest industrial REIT which could benefit from widely expected bottoming of SG industrial market. The synergy would take time to realize. 7% yield looks attractive.
Mapletree Industrial REIT:
Another industrial REIT which used to deliver stable distribution. Newly completed assets in Kallang contributed to higher earning ahead. Besides lower debt gearing, 74% of borrowing is in fixed rate.
SPH REIT:
The counter has been pretty stable in shares price since IPO, benefiting from its mature assets in portfolio. Newly acquisition of Rail Mall strengthen its food & beverage offering with the location benefit. Market is still waiting for its inclusion of Seletar Mall which might take longer time than expected. It could prove to be next price catalyst
Keppel DC REIT:
Being one of the top favorite REIT, it delivered strongest earning growth over the years. Its assets is in high demand and high entry-barrier sector. Its dip in price used to attract attention of buyers. It has just signed agreement Macquare Telecom (MT) for construction of new data center in Sydney. The latter would become tenant for 20 years master leases.
Reference:
[1] https://research.sginvestors.io/2018/06/esr-reit-cgs-cimb-research-2018-06-01.html
[2] https://www.theedgesingapore.com/will-strong-fundamentals-shield-mapletree-industrial-trust-market-headwinds?fbclid=IwAR1jYOVyrG10pkG4q4S0KgT7Xh2mQ8fMBN6X6k-Lcduxt205_reQ0LrNOIQ
[3] https://research.sginvestors.io/2018/10/sph-reit-dbs-group-research-2018-10-12.html
[4] https://www.theedgesingapore.com/keppel-dc-reit-kept-%E2%80%98buy%E2%80%99-positive-outlook-aum-growth-healthy-operating-stats?fbclid=IwAR3F3AitC4R1WWFdFyhzLGi2RxNBNyEPvBwWnDzuVU1TBnEY6pr6HnU-Q54
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