Right now, Frasers Centrepoint Trust‘s (SGX: J69U) share price (technically known as unit price for REITs) is $3.03.
At that unit price, Frasers Centrepoint REIT is valued at a price-to-book (PB) ratio of 1.4 and a distribution yield of 4%.
Would I buy Frasers Centrepoint REIT at its current price and valuation?
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 BackgroundFrasers Centrepoint Trust is a retail REIT that has seven retail properties in Singapore.
The properties
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