Currently, dividend yields of my portfolio is low.
REITs is different.
To know the PE ratio, you have to exclude depreciation, and sales of asset from net income.
And I have to download their FY publication, as my broker info is less accurate.
There are many variations in financial reports.
But the best is to go directly to their income statement.
Ignore the Net Property income, as it does not consider the management salaries.
Go to income after tax, exclude depreciation, and fair value changes.
Use Market cap to divide by the above income to get the PE value.
PE should be market cap divided by earnings and preference dividends, but I am more conservative to exclude preference dividends.
I bought Ascendas India REITs a few days ago without knowing how to evaluate the PE ratio.
Today, I found out the PE ratio is around 18.
Even though there is growth potential, I think I will try to dispose it tmr.
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