Shares & Derivatives
Cache Logistics Trust REIT results inline
By Investment Moats  •  April 27, 2011
This REIT delivered results that are inline. I favor Cache more than Aims AMP and Sabana due to its higher yield yet lower gearing. (Compare against other REITs here)

Cache

Assets: 788 mil Cash: 7.6 mil Debts: 203 mil Debt/Asset: 25.7% Qtr Net Income: 10.6 mil Qtr Net Operating Cash flow: 19.4 mil Qtr Capex on existing properties: 5 mil Qtr Free Cash Flow: 14.4 mil Qtr Interest Expense paid: 1.5 mil Qtr Distribution to share holders: 12 mil EV/EBITDA: 18 times PTB: 1 time I am very comfortable with paying 95 cents ( current share price ). Cache is probably the REIT that is at fair value.
  1. A lot of REITs do not have much capital expenditure done on their properties. Seems like it is more asset acquisition rather than asset enhancements.
  2. Valuation is fair. For this price I pay for an ...
...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance