Dasin Retail Trust (SGX: CEDU) is a property trust with a share price (technically known as unit price for REITs and property trusts) of S$0.81 at the time of writing.

At that unit price, Dasin Retail Trust is valued at a price-to-book (PB) ratio of 0.6x and has a distribution yield of around 7%.

Does the property trust attract me as a long-term investor?

Let’s explore using my 10-step guide to pick the best Singapore REITs.

How to pick the best REITs

As a summary, here are the 10 steps I use to pick the best Singapore REITs:

  1. Growth in Gross Revenue and Net Property Income
  2. Growth in Distribution Per Unit
  3. Property Yield of Between 5% and 9%
  4. Gearing Ratio of Below 40%
  5. Interest Coverage Ratio of Above 5x
  6. Healthy Portfolio Occupancy Rate
  7. Positive Rental Reversions
  8. Presence of Growth Prospects
  9. Acceptable Price-to-Book Ratio
  10. Distribution Yield of Above 5%

Business Background

Dasin Retail Trust, which