After previous
U.S. Office Focused SREITs comparison, this time let's do it for China Retail Focused SREITs/BizTrust. For
mobile user, please view in
landscape mode.
| Name |
BHG Retail REIT (BHG) |
CapitaLand Retail China Trust (CRCT) |
Dasin Retail Trust (DRT) |
Sasseur REIT (Sasseur) |
| Basic & Key Statistics |
| Listed Date |
11-Dec-2015 |
8-Dec-2006 |
20-Jan-2017 |
28-Mar-2018 |
| Business Mode |
REIT |
REIT |
BizTrust |
REIT |
| Dividend Frequency |
Semi-Annual |
Semi-Annual |
Semi-Annual |
Quarter |
| Unit Price |
$0.565 |
$1.140 |
$0.815 |
$0.750 |
| Dividend Yield |
4.74% |
6.83% |
6.56% |
8.15% |
| Price / NAV |
0.68 |
0.70 |
0.63 |
0.83 |
| Market Cap |
SGD 0.29 Billion |
SGD 1.39 Billion |
SGD 0.63 Billion |
SGD 0.90 Billion |
| Related Parties Shareholding |
| REIT Sponsor |
3.85% |
34.95% |
0.00% |
57.32% |
| REIT Manager |
1.49% |
6.21% |
2.18% |
1.05% |
| Directors of REIT Manager |
12.00% |
0.06% |
60.80% |
58.69% |
| Lease Profile |
| Committed Occupancy |
92.9% |
93.4% |
97.0% |
93.6% |
| Weighted Average Lease Expiry, WALE |
3.7 years |
2.2 years |
4 years |
0.8 year |
| Highest Lease Expiry in 5 Years |
29.8% |
28.0% |
23.6% |
62.4% |
| Number of Properties |
6 units |
13 units |
5 units |
4 units |
| Weighted Average Land Lease Expiry |
24.68 years |
24 years |
23.66 years |
30.35 years |
| Debt Profile |
| Gearing Ratio |
35.9% |
33.6% |
37.9% |
28.1% |
| Interest Cover Ratio |
2.6 times |
4.0 times |
2.3 times |
5 times |
| Cost of Debt |
3.9% |
2.8% |
5.5% |
4.2% |
| Fixed Rate Debt Proportion |
50.1% |
82.9% |
30.1% |
12.9% |
| Unsecured Debt Proportion |
0.0% |
93.5% |
0.0% |
0.0% |
| Weighted Average Debt Maturity, WADE |
1.7 years |
2.75 years |
1.95 years |
2.23 years |
...
