Mapletree North Asia Commercial Trust‘s (SGX: RW0U) price is $1.01 right now. At the time of writing, the price is still recovering from the COVID-19 scare as well as the Hong Kong riots. At this price, the dividend yield is 7.05%, which is pretty high. However, let us take a look whether this is a good buy right now.

Property Value

First of all, this REIT owns property in the North Asia region, which includes China, Hong Kong and Japan. From their FY18/19 Annual Report, their properties are valued at S$7.6 billion. Its value has been increasing year-on-year, which is a sign of a good management. After all, their sponsor is Mapletree. One of Singapore’s stronger REIT managers. Other than RW0U, they also have 3 other famous and strong REITs, otherwise known as Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MIT) and Mapletree Commercial Trust (MCT). Since the stock market rally, these 3 REITs have been performing very well....