Marple Tree REIT North ASIA is cheap with 6% dividend or more!
.... is it worth it?
Book value seems to lowering since Corona, which is a bad sign, but normal for commerical REITS...
Before corona, we saw an longterm upward trend and it make a come back? I assume yes!
The number of total real estate assets was growing year over year. And even in corona, it seems "dept" not was rising so much:
https://pasteboard.co/Kgj7pd1.png
Also the amount of shares wasn't raised to much over time:
https://pasteboard.co/Kgj860r.png
Book Value and EPS (sorry i don't have FFO here) seems to be stable:
https://pasteboard.co/Kgj9CFL.png
So this stock looks very undervalued and you get a high 6% return.
Even dividends were stable right now:
https://pasteboard.co/KgjaqIs.png
Clear risk is seen in the tenant mix, so there is cleary a bet, that you have to make that their tenants will pay rent in 4th corona wave and will survive. Personally, I think asia seems to have a better management on corona as rest of the world.
For me a strong buy, to get a stock with 6% yield till maybe 12% yield in the next years, if corona is past.
And longterm investment that maybe worth it. I see much change and low risk at all.
High dividend yield should also make the stock price survive, when inflation takes pace in singapore, which is not quite as sure as in US or Europe.
Book value seems to lowering since Corona, which is a bad sign, but normal for commerical REITS...
Before corona, we saw an longterm upward trend and it make a come back? I assume yes!
The number of total real estate assets was growing year over year. And even in corona, it seems "dept" not was rising so much:
https://pasteboard.co/Kgj7pd1.png
Also the amount of shares wasn't raised to much over time:
https://pasteboard.co/Kgj860r.png
Book Value and EPS (sorry i don't have FFO here) seems to be stable:
https://pasteboard.co/Kgj9CFL.png
So this stock looks very undervalued and you get a high 6% return.
Even dividends were stable right now:
https://pasteboard.co/KgjaqIs.png
Clear risk is seen in the tenant mix, so there is cleary a bet, that you have to make that their tenants will pay rent in 4th corona wave and will survive. Personally, I think asia seems to have a better management on corona as rest of the world.
For me a strong buy, to get a stock with 6% yield till maybe 12% yield in the next years, if corona is past.
And longterm investment that maybe worth it. I see much change and low risk at all.
High dividend yield should also make the stock price survive, when inflation takes pace in singapore, which is not quite as sure as in US or Europe.
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