SINGAPORE (Nov 3): The recent buzz around logistics property companies has brought EC World REIT to NRA Capital’s attention. The REIT mainly invests in e-commerce, supply chain management and logistics properties in China.
In a Thursday unrated report, analyst Liu Jinshu notes that EC World will be paying 100% of income for distribution of 0.991 cents per unit. This translates to 5.58 cents annually, or a yield of 7.3%.
“Growth will be driven mainly by the acquisition of new properties given the REIT’s low gearing and its acquisition pipeline,” says Liu.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)