YTL REIT has a distribution yield of 5.81%, but is trading at 17.2 times P/E and a price-tonet asset value (NAV) of 0.86 times.
SINGAPORE (Jan 23): YTL Hospitality REIT may currently be trading at an all-time high of RM1.36 ($0.45), but a closer look at its valuation unearths an interesting trend that may pique the interest of investors on the hunt for dividend yielding stocks.
Malaysia’s only hospitality REIT is trading at a lower price-earnings ratio (P/E) but higher distribution yield than regional peers such as Singapore-listed Far East Hospitality Trust and Ascott Residence Trust.
