IREIT Global

UD1U.SI : Singapore Exchange

0.285

0.00%

Share Price in SGD. As of 15 Nov 16:56:31 SGT

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Recently happened to IREIT Global

Peter Viens, new CEO of IReit Global’s manager, aims to diversify assets to attract institutional investors

15 Nov 2024 • News

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Key stats

IREIT Global’s share price has decreased by 21.9% over the past 1 year. It has underperformed the Singapore stock market during this period.

Share Price Performance
  • 52 Week Range

    SGD 0.270 - 0.425

  • Price vs 5-year high/low

    Not close

  • UD1U.SI Market
    1 Month -6.6% 4.2%
    YTD -29.6% 15.9%
    1 Year -21.9% 19.6%
    5 Year -59.2% 15.6%
Valuation
Financial
Dividend
Beansprout Analysis

Beansprout's Checklist

Fundamental
  • Occupancy Rate of 91.5% is higher than sector average of 88.3%

  • Net property income yield of 5.71% is lower than its dividend yield of 10.5%

Financial
  • Gearing Ratio of 0.37x is lower than sector average of 0.45x

  • Interest Coverage Ratio of 7.1x is above 2.5x

  • Net Book Value of $0.41 is lower than its net book value of $0.54 in the previous year

Valuation
  • Dividend Yield of 10.5% is lower than sector average of 13.1%

  • Distribution per unit growth is -19.05%

  • Price to Book of 0.72x is higher than sector average of 0.48x


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Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Analyst Ratings

  • DBS Research

    23 Feb 2024

    Hold

    0.440

    (prev 0.470)

  • RHB Invest

    26 Feb 2024

    Buy

    0.470

Analyst Reports

Valuation
Earnings
Financials
News
Profile

Company Description

IREIT principally invests, directly or indirectly, in a portfolio of income-producing real estate in Europe which is used for office, retail and industrial (including logistics) purposes, as well as real estate-related assets. IREIT's current portfolio comprises five freehold office properties in Germany, four freehold office properties in Spain and 44 retail properties in France. IREIT is managed by IREIT Global Group Pte. Ltd., which is jointly owned by Tikehau Capital and City Developments Limited. Tikehau Capital is a global alternative asset management group listed in France, while City Developments is a leading global real estate company listed in Singapore.