Right now, Mapletree Industrial Trust (SGX: ME8U) share price (technically known as unit price for REITs) is at S$2.77.
Does the REIT look like a buy at its current unit price?
Let’s explore using my 10-step guide to pick the best Singapore REITs.
As a summary, here are the 10 steps I use to pick the best Singapore REITs:
Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of Above 5% Business Background
Before we go into an analysis of Mapletree Industrial Trust, let’s take a quick look at what its business is about.
Mapletree Industrial Trust is a REIT with a portfolio of 87 industrial properties in Singapore and 17