Mapletree North Asia Commercial Trust‘s (SGX: RW0U) unit price (technically known as unit price for REITs) is at S$1.17 right now.
At the time of writing on Tuesday, the REIT’s unit price has fallen around 6% from last Friday’s close, most probably due to the Wuhan virus scare.
At that unit price, Mapletree North Asia Commercial Trust has a distribution yield of 6.4%.
The distribution yield looks high, and that might attract some investors. However, we shouldn’t buy REITs, or stocks for that matter, based on their yields alone.
Here, let’s explore using our 10-step guide to pick the best Singapore REITs on whether Mapletree North Asia Commercial Trust could be an excellent investment for the long-term.
As a summary, here are the 10 steps to pick the best Singapore REITs:
Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5%...