One good reason why SPH REIT is a cut above the rest

On 10 Apr 2017, SPHREIT released it’s financial results ending 28 Feb 2017.

While the retail environment remains challenging in Singapore, there’s one good reason that makes SPH REIT stand out from its peers…

Of the 10 Retail REITs in Singapore, SPH REIT has the lowest gearing at 25.70%.

This means that SPH REIT has the most headroom to make acquisition without hitting the regulatory limit of 45% gearing and without issuing rights. The potential acquisition candidate from its sponsor is, of course, The Seletar Mall, which has opened on 28 Nov 2014 and achieved 100% committed occupancy rate since Dec 2014.

However, SPHREIT’s yield of 5.65% is not very attractive compared to its peers at this moment.

 

Singapore Retail REITs comparison table from YieldSavvy REITs screener. Get yours free!

 

Want to find out how SPHREIT stack up against other Singapore REITs? Click here!

Reference: SPHREIT Presentation Slides

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