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.