![](https://i.imgur.com/CLvY2jA.png")
20-11-2021, 09:00 AM
Okay I took a quick look
It has 43% gearing and claims a valuation of 90+cts for it's net assets.
The logistics assets are really difficult to value so you cannot tell for sure what they will get on the market for it....and this is one of the problems with REITs and trusts.
The yield is 6.3% based on 100% distribution..and 80cts stock price
and this drops to abt 5.6% when they cut distribution to 90%.
Even if all the numbers are accurate and sustainable, it is very unimpressive....you might as well buy HPH or APTVT who spend last 5yrs reducing it's debt and now can sustain 8-9% yield
.
It has 43% gearing and claims a valuation of 90+cts for it's net assets.
The logistics assets are really difficult to value so you cannot tell for sure what they will get on the market for it....and this is one of the problems with REITs and trusts.
The yield is 6.3% based on 100% distribution..and 80cts stock price
and this drops to abt 5.6% when they cut distribution to 90%.
Even if all the numbers are accurate and sustainable, it is very unimpressive....you might as well buy HPH or APTVT who spend last 5yrs reducing it's debt and now can sustain 8-9% yield
.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
