Reasons:
- I wanted to invest in REITs with exposure to China's retail. I did a comparison between Sasseur REIT, EC World REIT, Dasin Retail Trust, and North Asia Commercial Trust.
- This REIT seems to be able to manage its debt well, and its DPU have been increasing.
- Consistent dividends, and payout ratio is 46.82%, quite okay. Personally I am wary of companies whose payout ratio is > 100%.
- Also based on Yahoo Finance, PE ratio is 6.67 (as of the time of writing)
- Based on the AGM (source: https://fifthperson.com/2019-mapletree-north-asia-commercial-trust-agm/), I think that it is good that the company is managing crises well. I think having a strong management is key to running a business and ensuring continuous profits.
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