At the time of writing, CapitaLand Mall Trust (SGX: C38U) is trading at a share price (technically known as unit price for REITs) of S$2.50.
At that unit price, CapitaLand Mall Trust has a price-to-book (PB) ratio of 1.2 and a distribution yield of 4.7%.
Does CapitaLand Mall Trust represent a buying opportunity at its unit price of S$2.50?
Let’s explore using our 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 analyse CapitaLand Mall Trust, let’s take a quick