ESR Reit (former Cambridge Industrial Trust)

[mini-investor]

It seems that in this forum not many are interested in Cambridge. I think Cambridge has potential for passive income strategy...

http://s-reitinvestmentblog.blogspot.com/

[winston]

Not vested. From DBS:-

Cambridge REIT’s results were in line with our forecasts.

Topline and NPI increased 4.8% and 11.2% yoy to S$19.1m and S$16.8m respectively. Contributions were largely from acquisition of three new properties during the quarter.

DPU for 4Q10 of 1.19 Scts was declared. Gearing decreased to 38.1% as of Dec 2010, but is expected to head further down to 33.4% after repayment of S$20m of loan in Feb 2011. More updates after briefing today

[winston]

Not vested. From Phillips:-

Cambridge Industrial Trust – Result

Recommendation: Buy
Previous close: S$0.515
Fair value: S$0.61

· Full year revenue of $74.2 million, net property income of $65.1 million, distributable income of $44.7 million.

· 4Q09 DPU of 1.193 cents, bringing full year DPU to 4.892 cents.

· Buy for attractive yield of 9.4%, maintain target price of $0.61.

[Chinaman]

Indeed at 51.5 cts..its a good entry price with ROI at 9.4%. where to find?

can consider even at 52 cts...tomolo Q a bit for dividend play, since $ park in FD almost getting nothing.

Vested.

[Chinaman]

After the Jepun quake price dropped to 48.5 cts - 49.5 cts range.
Any1 have info on Cambridge right issue ple furnish me..thinking of picking up for passive income.

[Chinaman]

Bro & Sis please help.

Any1 applying for CIT right issue at 42.9 cts each.

Me allocated 7 lots, how?

T.Q.

[Touzi]

Me, me, me ..applying. 42.9 cts is a substantial discount to NAV and the current price, which is already Ex-Right. Thinking of applying for excess.

[Chinaman]

Extract from S-Reit Investment Blog

Analysis of Cambridge Industrial Trust (adjusted for Rights)
Current Price on 15th March 2011 = $0.495 (It will be $0.487 after adjustment for rights)

* Current Yield = 10.42%
* Price-to-book Ratio = 0.829
* Assets per unit = $0.938
* Debt per unit = $0.352 (including current liabilities)
* Gearing = 37.5%

Japan earthquake has affected the stock markets and Cambridge is one of them. It has dropped below $0.50 level which I thought was the support/lowest level it can go. These are exceptional cases.

Anyway, Cambridge has announced for rights issue to fund acquisition which I felt that it was favourable. It improves the yield to current level of 10.42% (which is now better than AIMSAMP REIT), and reduces the NAV only by a small amount (from $0.607 - $0.587). My rationale is this. As long as the acquisition is yield-accretive, it is a good deal and the manager is acting in the interest of us (unitholders).

I will apply for the maximum that I am allocated for (when it comes) and will also apply for excess rights (Another good chance to earn a bit more).

[winston]

Not vested

Singapore's Cambridge Industrial Trust may be in focus after reporting a 16 percent year-on-year fall in its second quarter distribution per unit to 1.036 Singapore cents.

Higher rental income was offset by the divestment of certain property units, the firm said


Source: Reuters

[mini-investor]

Not vested

Singapore's Cambridge Industrial Trust may be in focus after reporting a 16 percent year-on-year fall in its second quarter distribution per unit to 1.036 Singapore cents.

Higher rental income was offset by the divestment of certain property units, the firm said


Source: Reuters

Higher income is important because it is income growth... Divestment is also good because it recycles capital for better properties... Fall in yield is temporary...

I am vested in this.

http:\\www.s-reitinvestmentblog.blogspot.com