Sasseur REIT's 7.8% Yield Seems Attractive
Key Highlights:
Sasseur REIT (SGX: CRPU)'s 3Q19 grew 6.4%
The annualised yield and price to book ratio are 7.8% and 0.98 respectively
1. Dividends
Net property income grew 5.2% to $30.6m. This was contributed by the annual sales promotional events at all its four outlet malls. The outlets beat its last year record on the first-day sales by 8.9%.
The annualised yield is 7.8%.
2. Portfolio
The portfolio leverage is currently at the healthy side of 29%. The interest cost is at 4.43%, with 50% of its loan under fixed rate.
It is currently trading at a price to book ratio of 0.98.
3. Growth Catalyst
Moving forward, the REIT is looking to
reduce the impact of foreign currency fluctuations through hedging its distributable income
line up brands and product renewals to suit the consumers' preferences
schedule the year-end holidays and sales events with stronger sales
We have launched a new e-learning feature - Monthly Education Series. Premium Annual Subscribers will get to access the feature for FREE.