Week 7 (Reading the prospectus and annual report of real estate investment trust fund)

https://sc.hkexnews.hk/TuniS/www.hkexnews.hk/index_c.htm

The summary of the issuance notice contains the most important information, and the risk factors and issuance policies are the concerns of every investor.

Evaluate whether the property quality is good enough through occupancy rate, income and other information.

By allocating assets, you can view the capital ratio of each asset.

You don't have to look.

Huixian is in financial summary.

It doesn't make much sense to know this.

1. How did the amount available for distribution come from and how did it change?

2. Allocation amount and proportion.

3. Changes in dividend per share

1. Income available for distribution in net profit

Capitalization rate = net income of property ÷ property value x 100%

Property value = net income of property/capitalization rate

After the preparation of the financial statements, the notes to the financial statements have also been prepared.

For REITs with a steady increase in net property income, it can be considered that their management team is more capable.

For REITs with a steady increase in dividends, it can be considered that their management team is more capable.

For REITs whose adjusted loan-to-deposit ratio is less than 30% (the result of net assets calculated by capitalization rate), it can be considered that their management team is strong.

REITs with many financing channels, low financing cost and less real estate mortgage have strong management team ability.

The rental rate, net income and other data are higher than the regional average, and its management team has strong ability.