Shares & Derivatives
ESR-REIT (Previously Cambridge Industrial Trust) Analysis @ 19 July 2020
By REIT-TIREMENT  •  July 19, 2020
Basic Profile & Key Statistics ESR-REIT is previously known as Cambridge Industrial Trust, renamed in June 2017 after ESR acquired a dominant stake in Cambridge Industrial Trust. Subsequently, ESR-REIT merged with Viva Industrial Trust in October 2018 and again announced another merger news with Sabana REIT this week. ESR-REIT adopted half-yearly reporting but maintain its quarterly distribution. Lease Profile Occupany is slightly low at 91.1%.  Both WALE and weighted average land lease expiry are short at 3.4 years and 28.82 years respectively. The highest lease expiry of 23.4% fall in the year 2022, which is close to SREITs median level. Debt Profile Gearing is high at 41.8%. Cost of debt is high at 3.5% but all of its debts are unsecured debt. Fixed rate debt of 88.3% is high. Interest cover ratio is low at only 3.4 times. WADE at 2.7 years is close to SREITs median. The highest debt maturity of 32.7% fall in the year 2023, which is also close to SREITs median level....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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