XD: 3 May.
Payable: 30 May.
NAV/unit: 88c.
Gearing: 26.4%.
Interest cover ratio: 9.5x
See presentation slides here.
The numbers are nice and strong. Although its distribution yield is lower than AIMS AMP Capital Industrial REIT, I believe that it is a premium that is well worth the money.
Looking at the chart, a potential reverse head and shoulders is quite obvious. Of course, I could be counting the chicks before they hatch here. The neckline is at 96c and if the pattern is a valid one, we could see $1.00 tested again. Good luck to fellow unitholders.
Bro AK, I'd like to check my gearing calculations. I'm using total liabilities / total assets, which gives me:
ReplyDelete215435/788271 = 27.3%
I'm unable to get your gearing ratio of 26.4%. What should the correct formula be? Thank you again, I'm a great fan of your blog and just starting into Reits, so would like to get the proper training/education!
Hi Vin,
ReplyDeleteTotal Debt (long term borrowings+short term borrowings)/Total Assets is probably what you want.
I lifted the numbers from the management's report. So, it should be accurate.
I am happy you like my blog and wish you good luck in your investments. :)