Shares & Derivatives
BHG Retail REIT Analysis @ 30 August 2020
By REIT-TIREMENT  •  August 30, 2020
Basic Profile & Key Statistics BHG Retail REIT (BHG) invests in retail properties in China. BHG currently owns 6 retail properties in  Beijing, Chengdu, Hefei, Xining and Dalian. Lease Profile Occupancy is slightly low at 92.9% and its income is received in RMB. WALE is short at 3.7 years where the highest lease expiry of 29.8% falls in FY2021. Weighted average land lease expiry is short at 24.68 years, common for China properties. Debt Profile Gearing ratio is healthy at 35.9%. Cost of debt is high at 3.9% despite all of debts are secured debt. Fixed-rate debt is low at 50.1% which is favorable in current low interest environment. Interest cover ratio is low at 2.6 times. WADE is short at 1.7 years where the highest debt maturity of around 97%  falls in the year 2022. Diversification Profile Top geographical and top property contributions are the same at 55.6%. It is considered moderate in terms of geographical and high in terms of property contribution. Top tenant contribution is high at 15.8% while top 10 tenants contribution is low at 24.4%....
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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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