Q&ACategory: REITsUpdated S-REIT Analysis
Guo Cai Ng asked 3 weeks ago
Hi, I have attached an updated S-REIT analysis based on what I learned. Can give some comments and anything is wrong?
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1 Answers
Rusmin Ang Staff answered 3 weeks ago
Again, good work there. I see you focus a lot of quantitative analysis which is a good start. I think it is time for you to look into one by one in a more in-depth analysis. Like Mapletree Industrial, you can actually find the land title. You can use the REIT checklist to walk through the entire process. One analysis of a REIT usually take us two to three days to fully understand the REIT, including studying the independent market research. So take your time, do not need to rush. You're progressing really well and keep up the good work :)
Rusmin Ang Staff replied 3 weeks ago

Start with the green cells since you seem to like them!

Guo Cai Ng replied 3 weeks ago

Hi Rusmin, thanks for your reply!

Okay, I will study independent market that how it operate and so on..

Currently, I went thru the latest presentation slide and 10 years annual report(DPU, NAV, NPI, property yield, cost of debt, gearing ratio, ICR, rental support only) Shall I also look other figure in annual report? Or any other things need to look into?

Rusmin Ang Staff replied 3 weeks ago

Check the qualitative aspects of the REIT. You can use the checklist below.

https://dividendmachines.com/wp-content/uploads/2021/02/DM_Investment-Quadrant-REIT.pdf