Cache Logistic Trust – What really matters in a REIT

Some numbers are not provided due to the lack of available information

Constituted on 11 February 2010 | Warehouse Properties | Singapore, China & Australia | Portfolio value at 1.3 billion

1. IDENTIFICATION OF COMPANIES THAT ARE UNDERVALUED.

   • Price to Book Ratio: 1.009 (overvalued by 0.9%)

2. LEARN ABOUT THEIR NUMBERS

   • Gearing : 66.93% ( Above average reliance on financing for growth)
   • Wale : 4.4 Years
   • Current Ratio : 0.685 ( Unable to pay off short-term debts and long-term obligation if liquidated)
   • Growth Rate : 7% (over 5 years)
   • Cash Flow Per Share : -0.0122
   • Poor management ability ( Decreasing dividend payout | Net income decreasing| Poor cashflow management )

Still not a buy for me hais –  due to the management’s ability! Anyway, I have just read finish Benjamin Graham – Intelligent investor!! It’s a really good read that advocates the importance of number! I’ll share more on what I’ve learned on the next post.

p.s I wanted to write about tax evasion…. but…. hais

“+1 knowledge point”