IREIT Global

SGX: UD1U

0.280

+1.82%

Share Price in SGD. As of 16 Jan 14:51:01 SGT

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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 10.7%

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 10.7% is lower than sector average of 12.8%

  • Distribution per unit growth is -19.05%

  • Price to Book of 0.71x is higher than sector average of 0.49x

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Market Analysis

Analyst Ratings

  • DBS Research

    08 Aug 2024

    Hold

    0.330

    (prev 0.440)

  • RHB Invest

    11 Jul 2024

    Buy

    0.400

    (prev 0.470)

Valuation
Financials
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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. 

Revenue Breakdown by Asset

Revenue Breakdown by Geography