Extracted from https://fcot.frasersproperty.com/financial_information.html
Quick Look at ratios
Yield
6.7% based on last traded share price of 1.43
Gearing
28.4%
Price to book
0.916
How does this compare to similar REITS?
Yield Gearing P/B Capital Com Trust 4.48 34.9 1.1 K Reit 4.45 36.3 0.9 Mapletree Commercial Trust 5.11 34.8 1.2 OUE Com REIT 8.16 39.3 0.7Average 5.55 36.325 0.975 FCOT 6.6 28.4 0.92
FCOT has significantly lower gearing than its counterparts after recently disposing of its stake in 55 Market Street. In any case, the Fed has turned decidedly less hawkish and we might end up seeing no rate hikes for 2019.
There is now much anticipation as to whether negotiations with Google have yielded any positive outcome which would lead to a significant recovery of the occupancy rates of its Singapore assets.
The significant debt headroom may also provide further upside catalyst, provided the Management can identify and pounce on yield-accretive acquisitions. Given
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