This REIT for 2,90 SGD could be a catch in the next month
Ascendas Real Estate Investment Trust is one of the leading Singapore REITS.
Currently the price is ok, but below 2,90 SGD could make it a cheap investment.
Current Price to FFO shows, that it is 19,88 it is a bit overvalued to the mean 16,99, which was last time on May 2020, and probably will not be seen for a while. But P/FFO with 19, will be ok for this REIT:
https://pasteboard.co/KgiUesq.png
Longterm the amount of assets is faster growing as the depts, which is only by about 50% right now. This also leads to a growing stock price year over year.
https://pasteboard.co/KgiWgbJ.png
General this REIT looks very sustainable and with a 2.49% its unfortunably not as profitable as I want it to be.
So i stay NEUTRAL, but if you prefere a high secure REIT and live with less return, it may be interesting.
Currently the price is ok, but below 2,90 SGD could make it a cheap investment.
Current Price to FFO shows, that it is 19,88 it is a bit overvalued to the mean 16,99, which was last time on May 2020, and probably will not be seen for a while. But P/FFO with 19, will be ok for this REIT:
https://pasteboard.co/KgiUesq.png
Longterm the amount of assets is faster growing as the depts, which is only by about 50% right now. This also leads to a growing stock price year over year.
https://pasteboard.co/KgiWgbJ.png
General this REIT looks very sustainable and with a 2.49% its unfortunably not as profitable as I want it to be.
So i stay NEUTRAL, but if you prefere a high secure REIT and live with less return, it may be interesting.
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