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. 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%

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Business Background

Dasin Retail Trust, which...