When it comes to evaluating a REIT’s debt profile, apart from its gearing ratio (or aggregate leverage as some REITs would refer to it as), I also look at its interest coverage ratio (where my preference is towards those that maintain it at above 5.0x over the years). In this post, you will find 5 Singapore-listed REITs with the highest interest coverage ratios – where you will learn about the asset classes each of them invest in, together with its financial performance, portfolio occupancy, debt profile, and distribution per unit over the last 5 years…
Mapletree Pan Asia Commercial Trust’s Annual Report for FY2022/23 – What You Need to Know
Mapletree Pan Asia Commercial Trust (SGX:N2IU), a commercial REIT with 18 properties in key gateway cities in Asia including Singapore, Hong Kong, China, Japan, and South Korea, released its annual report for the financial year ended 31 March 2023 (i.e., FY2022/23) this morning. In this post, you will find my summary of key highlights in the report to take note of, together with details of its upcoming 12th annual general meeting…
The Estée Lauder Companies Inc. (NYSE:EL) – Is it a Buy?
The Estée Lauder Companies Inc. (NYSE:EL) is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products. Some of the brands by the company include Estée Lauder, Clinique, Origins, M.A.C, Bobbi Brown, Aveda, and Dr Jart+, where their range of products can be found in 150 countries worldwide. In today’s post about the NYSE-listed company, you’ll learn about its financial performance, debt profile, and dividend payout over the last 8-years, as well as for the first 9 months of this year, along with whether the current traded price is considered ‘cheap’ or ‘expensive’…
What You Need to Know from EC World REIT’s Annual Report for FY2022
Last Saturday (01 July 2023), China-based e-commerce and port logistics REIT in EC World REIT (SGX:BWCU) have made available its annual report for the financial year ended 31 December 2022 (i.e., FY2022.) In this post, you will find my summary of it, together with details of its upcoming AGM, and also 3 questions I am intending to ask the management in-person…
Mapletree Logistics Trust’s Annual Report for FY2022/23: What You Need to Know
Mapletree Logistics Trust (SGX:M44U), Singapore’s first Asia Pacific focused logistics REIT where its currently invested in 185 properties in 9 countries, with a total assets under management of S$12.8 billion, have made available its annual report for the financial year ended 31 March 2023 (i.e., FY2022/23) this morning (28 June 2023.) For the benefit of those who do not have the time to go through the report, you can read a summary of it here, together with details of its upcoming AGM…
5 Singapore-Listed REITs with the Lowest Gearing Ratios
In the high interest rate environment we are in right now, it goes without saying that retail investors will be more inclined towards investing in REITs with a lower gearing ratio. However, gearing ratio should not be only thing we look at to base our investment decisions on. In this post, you will find 5 Singapore-listed REITs with the lowest gearing ratios, along with information about each of them including the assets it invests in, its financial performance, portfolio occupancy and debt profile, and its distribution payout to unitholders over the last 5 years…
Updates on EC World REIT [21 June 2023]
Issues surrounding the China-based port logistics and e-commerce REIT, particularly on the completion of its proposed divestment of 2 properties to repay 25% of its borrowings, have gotten unitholders worried – especially since the completion of the transaction has been delayed time and again. I have sought the investors’ relations clarification on this, together with issues surrounding the plunge in occupancy in Wuhan Meiluote, status of renewal of leases due in FY2024, as well as the REIT’s latest debt profile following its successful refinancing of all of its borrowings on 31 May 2023. You can find responses from the REIT in this post…
A Summary of Mapletree Industrial Trust’s Latest Annual Report for FY2022/23
Following the conclusion of the financial year on 31 March 2023, blue-chip industrial and data centre REIT in Mapletree Industrial Trust (SGX:ME8U) have released its annual report early this morning. For the benefit of those who do not have time to go through it, you can find my summary of it in this post, along with details about the REIT’s upcoming AGM…
Why I am Staying Invested in Suntec REIT
Consistent financial performances, high portfolio occupancy rate of its properties, healthy debt profile, along with a stably growing distribution payout over the years were reasons why I’ve made the investment decision in Suntec REIT (SGX:T82U) back in February 2020. No doubt its gearing ratio is currently close to the regulatory limit of 45.0%, I have continued to stay invested in the REIT. In this article, you’ll learn about 3 reasons why I’ve made this decision…
The Essentials You Need to Know about The Coca-Cola Company (NYSE:KO)
The Coca-Cola Company (NYSE:KO) should not be unfamiliar to most of you – where many are probably regular consumers of its namesake brand of beverage. On top of that, the NYSE-listed company is also one of Warren Buffett’s biggest holdings. That said, is the company a ‘straight buy’? Personally, I will not make any investment decisions without first getting a better understanding of the company in terms of its business operations, along with its historical financial performance, debt profile, and dividend payouts – all of which you’ll learn about in today’s post about the company…
