Can this REIT finally deliver growth to Me? Conclusion

Part 2 link: here

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about SGX stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Technical

Screencap using Chartnexus app

Fundamental

If we look at the post-acquisition (9 additional warehouses in Australia) DPU excluding 40 Alps avenue, the current yield is still pretty attractive. Current yield as at 3/4/2018 = 6.771/0.835 = 8.12%. The current yield is higher compared to MLT and FLT. However,  we should also consider other financial metrics before deciding which company is a better investment. All the 3 logistics trusts's share prices are currently trading above it's NAV prices by the way. CLT's gearing also reduces to 36% if we include the divestment of 40 Alps Ave. I previously said in earlier post the gearing was 39.3% which did not include this divestment. The actual presentation slides for the acquisition of the 9 properties in Australia could be downloaded here: link 

DPU and NAV improves with acquisition 

Hopefully, 2018 would be a turnaround year for Cache Logistics which has seen it's DPU and NAV going down in recent years. In the meantime, I would still be holding as things seems to be looking positive for this REIT this year.

Update: Cache Logistics Trust will be announcing it's Q1 2018 result on 25th April after the closing of trading.