Friday, April 24, 2009
Updated REITs yield and PTB ratios
These REITs look very very tempting! With yields up to 32%! Seems like a good long term investment that will give regular dividends.
Also, I read an article recently that says that property stocks will usually be one of the first few to start running up during an economy recovery, but I am not too sure whether it will apply to REITs.
Anyway, remember to look at the companies refinancing risks too. For example, Suntec REIT, they have a 700 million loan to refinance by the end of this year. 700 million is a big amount, and if they are unable to get the refinancing they will get into big trouble. However if everything works out well, this might also well be a gem! ( I suggest doing your own research first before investing)