Hi!
I’m going through Mapletree Industrial Reit Annual Report for 18/19. I’m thinking of using the Financial Analysis Excel Template to determine the valuation for REITS but not sure if the template is suitable/applicable? Also, should Share of Joint Venture and Net Fair Value gain in investment properties be counted as extraordinary items?
Thank you!
Regards,
Victor
I think it is technically fine though it might be a little overkill (REITs are a much more simple business).
It is good to note that the metrics we use is slightly different, such as we use Debt-to-Asset instead of Debt-to-Equity.
Valuation wise, perhaps Price to Cashflow and Price to Book would be a good starter.
Thanks Jieren!
Welcome
Hi Victor,
The investment quadrant system is not suitable to analyse REITS, Banks and Insurance as it required a different sets of metric
Thanks Victor!
Where to learn his to analyse banks and insurance? Reits I assume I can learn from dividend machine
How to analyse *
Hi Zhi Ming,
We do not have experience in analysing banks and insurance but one of our guest writer had written an article about insurance here.
https://fifthperson.com/the-one-ratio-to-use-when-valuing-an-insurance-stock/
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