Wednesday, December 14, 2016

Be Sensitive To Valuations When Trading S-REITs

 
S-REITs
13 Dec
Closing Price
NAV
Valuation
Suntec REIT
$1.725
$2.10
17.9% undervalued
CapitaLand Commercial Trust
$1.54
$1.72
10.5% undervalued
Frasers Centrepoint Trust
$1.92
$1.93
Fairly-valued
CapitaLand Mall Trust
$1.945
$1.86
4.7% overvalued
Mapletree Commercial Trust
$1.42
$1.32
7.5% overvalued
Ascendas REIT
$2.39
$2.03
17.7% overvalued


Looking at their valuations, Suntec REIT and CapitaLand Commercial Trust have significant 'upside potential' since they seem to be grossly undervalued. Personally, I am not touching Mapletree Commercial Trust and Ascendas REIT for now as they have more room to fall as the Fed starts to normalise interest rates.

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