I'm also watching this one Grandmaster. I'm heavily into A-REITS due to my tax circumstances (I can't claim franking credits). I keep a list of around 30 A-REITS and regularly update a spreadsheet with financials like EPS (both statutory and FFO), DPS, Payout ratio, NTAB ratio, gearing, interest cover, cap rate, WALE, etc.). I then weight those to calculate a score of "investability".
As a matter of fact GDI comes out on top, number 1. If my figures are correct here are the stats for GDI:
EPS (stat): can't find this figure but I use EPS (FFO) anyway.
EPS (FFO): 8.2c
DPS: 7.5c (for 2015)
PE (based on FFO): 10.6
Div. yield: 8.6
Payout ratio: 90%
NTAB: 93c
Gearing: 35%?? (estimate)
Interest cover: 5.9x
Average Cap. Rate: 8%
WALE: 3.3 years
Of all the above figures, the only concern I have is WALE being a bit low (just a slight concern). I don't currently hold any GDI because I am quite unfamiliar with its operations, but based on the above stats and my weightings for those stats it beats all my favourite A-REITS like FET, TIX, ANI, DXS, GPT, and IDR. I will probably add some GDI to my holdings shortly.
I would also appreciate any insights into GDI and comments on my analysis from HC members.
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What am i missing?, page-2
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Last
61.0¢ |
Change
-0.010(1.61%) |
Mkt cap ! $327.8M |
Open | High | Low | Value | Volume |
62.5¢ | 62.5¢ | 59.5¢ | $491.0K | 805.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 77226 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.5¢ | 13806 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 77226 | 0.605 |
5 | 54058 | 0.600 |
2 | 1142 | 0.595 |
3 | 99988 | 0.590 |
4 | 36863 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.615 | 13806 | 2 |
0.620 | 3750 | 1 |
0.625 | 36450 | 2 |
0.630 | 3750 | 1 |
0.640 | 3500 | 1 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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