Current Price on 17th Jul 2018 = $0.865
- Yield = 8.46%
- Price-to-book Ratio = 0.554
- Assets per unit = $3.005
- Debt per unit = $1.443 (including current liabilities)
- Gearing = 48.0%
Dasin Retail Trust is one of my closely-watched counter. It is also one of my anchor investments which I have gained much from it. I have recently purchased another 40,000 shares at $0.865 sometime last month. Let’s take a look at the staitistics.
With the current yield of 8.64%, it is one of the highest yielding REIT in SGX. However, LippoMalls Retail Trust and Sasseur REIT are trading at a higher yield. What is attractive is that concurrently it is trading at price-to-book value of 0.554 which means we are buying at 45% discount to its valuation. This provides some form of margin of safety for investors. Gearing is also at a high of 48.0%.
With the recent purchase, I am vested with 120,000 shares, enjoying an annual dividend of $8,700 which probably can pay for my car instalment. 🙂 I am still holding on to it and enjoying it.
