Suntec – What really matters in a REIT?

What ever that is written their is my bias opinion and you guys have to remember that!

Park Mall | Suntec City | One Raffles Quay | MBFC properties | 177 Pacific Highway | 98.6% committed occupancy (Averaged out between Office and Retail)

  1. IDENTIFICATION OF COMPANIES THAT ARE UNDERVALUED.

    • Price to Earning Ratio : 12.929
    • Price to Book Ratio : 0.806 ( 19.04% Discount)
  2. LEARN ABOUT THEIR NUMBERS

    • Gearing : 55.08% ( High dependency on debt to finance growth)
    • Wale : 3.4 years (Average between Office & Retail spaces)
    • Current Ratio : 0.56 (Inability to pay off it’s short term debts and long term obligations if firm is liquidated now! – BAD)
    • Growth Rate : -6.83%
    • Cash Flow Per Share : $0.1372 (The “value” of one share you hold through their earnings – Is calculated after tax)
    • Poor management ability ( Dividend payout are not constant | Net income dropping | Cashflow very choppy with heavy financing )screen-shot-2016-10-01-at-6-03-24-pmscreen-shot-2016-10-01-at-6-04-49-pm

 

In a “Reit” shell, I would have to give it a miss due to its Management instability and a Low probability for a growth rate… Something is wrong, especially with such high occupancy rate…… My answer is no… what about yours??

+1 Knowledge Point

 

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2 thoughts on “Suntec – What really matters in a REIT?

  1. Pingback: Ascott Residence Trust – What really matters in a REIT |

  2. Pingback: Ascott Residence Trust – What really matters in a REIT

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