I recently looked into a hot favorite of institutional banks, private bankers - Fortune REIT listed on SGX and HKEX market....I must say that while I am not impressed with the yield. The book value was attractive enough to consider a look. Below are my findings from a very RESPONSIVE Investor Relations. Thumbs up guys. Here's the very useful information for you guys to start with. Hi there, I am a retail investor and I like to understand more about the assets in terms of.
1. Remaining tenure (leasehold / freehold)
2. Weighted Average Lease to Expiry (WALE) and Weighted Average Lease Term (WALT)of the portfolio as a whole
3. Interest coverage ratio & weighted average debt maturity?
4. Any additional future plans from the management looking beyond HK assets?
5. What the management is doing differently from its competition to retain tenants/attract tenants?
Appreciate the details. Thank you!
Land tenure Land in Hong Kong basically...