SPH REIT‘s (SGX: SK6U) share price (technically known as unit price for REITs) is currently at S$0.99.
At that unit price, SPH REIT has a price-to-book (PB) ratio of just above 1 and a distribution yield of 5.7%.
Is SPH REIT a buy in my books 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 BackgroundSPH REIT is a Singapore-based REIT that invests in assets mainly for retail purposes in the Asia-Pacific
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