Let's see how the 4 Industrial REITs with S$ 4 Billion market cap and above fair against each other after the latest result announcement. Most of the industrial REITs having logistics and/or business parks in their portfolio as well.
Image by
Michal Jarmoluk from
Pixabay
- Growth Trend for DPU is not adjusted for any equity fundraising.
Below is the summary for REIT with more favorable points by categories:
1) Basic Profile & Key Statistics - FLCT
2) Related Parties Shareholding - MIT
3) Lease Profile - FLCT
4) Debt Profile - FLCT
5) Diversification - AREIT
6) Key Financial Metrics - FLCT & KDC
7) Growth Trend - KDC
8) Overall - FLCT, followed by a tie between AREIT and KDC
For relative valuation, let's use the reversion to mean method to gauge.
At the current price level, AREIT is more favorable in terms of reversion to mean valuation.
Above is just a quick comparison, you could refer to more detail on the individual analysis below:
-
Ascendas REIT Review @ 16 February 2021
-
Mapletree Industrial Trust Review @ 15 February 2021...
