Listed on the Singapore Exchange on 12 April 2010, Cache Logistics Trust is a real estate investment trust (“REIT”) that invests in quality income-producing industrial real estate used for logistics purposes, as well as real estate-related assets, in Asia Pacific.
Reasonable growth potential second-rate dividend payer.
Share Price & News
How has Cache Logistics Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: K2LU's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: K2LU underperformed the SG REITs industry which returned -20.9% over the past year.
Return vs Market: K2LU underperformed the SG Market which returned -26.9% over the past year.
Price Volatility Vs. Market
How volatile is Cache Logistics Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Shareholders Own Cache Logistics Trust (SGX:K2LU)?
1 month ago | Simply Wall StImagine Owning Cache Logistics Trust (SGX:K2LU) And Wondering If The 39% Share Price Slide Is Justified
2 months ago | Simply Wall StShould We Be Cautious About Cache Logistics Trust's (SGX:K2LU) ROE Of 2.7%?
Is Cache Logistics Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: K2LU (SGD0.51) is trading below our estimate of fair value (SGD1.38)
Significantly Below Fair Value: K2LU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: K2LU is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: K2LU is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate K2LU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: K2LU is overvalued based on its PB Ratio (0.7x) compared to the SG REITs industry average (0.7x).
How is Cache Logistics Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: K2LU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).
Earnings vs Market: K2LU is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: K2LU's is expected to become profitable in the next 3 years.
Revenue vs Market: K2LU's revenue (4.1% per year) is forecast to grow faster than the SG market (4% per year).
High Growth Revenue: K2LU's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: K2LU's Return on Equity is forecast to be low in 3 years time (9.4%).
How has Cache Logistics Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: K2LU is currently unprofitable.
Growing Profit Margin: K2LU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: K2LU is unprofitable, and losses have increased over the past 5 years at a rate of -17.5% per year.
Accelerating Growth: Unable to compare K2LU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: K2LU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (4.4%).
Return on Equity
High ROE: K2LU has a negative Return on Equity (-1.03%), as it is currently unprofitable.
How is Cache Logistics Trust's financial position?
Financial Position Analysis
Short Term Liabilities: K2LU's short term assets (SGD23.7M) do not cover its short term liabilities (SGD135.1M).
Long Term Liabilities: K2LU's short term assets (SGD23.7M) do not cover its long term liabilities (SGD482.6M).
Debt to Equity History and Analysis
Debt Level: K2LU's debt to equity ratio (68.8%) is considered high.
Reducing Debt: K2LU's debt to equity ratio has increased from 45.7% to 68.8% over the past 5 years.
Debt Coverage: K2LU's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: K2LU is unprofitable, therefore interest payments are not well covered by earnings.
What is Cache Logistics Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: K2LU's dividend (10.83%) is higher than the bottom 25% of dividend payers in the SG market (3.19%).
High Dividend: K2LU's dividend (10.83%) is in the top 25% of dividend payers in the SG market (7.09%)
Stability and Growth of Payments
Stable Dividend: K2LU's dividend payments have been volatile in the past 10 years.
Growing Dividend: K2LU's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (83.4%), K2LU's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: K2LU's dividends in 3 years are not forecast to be well covered by earnings (103.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Daniel Cerf serves as the Chief Executive Officer at ARA Trust Management (Cache) Limited (Formerly, ARA-CWT Trust Management (Cache) Limited), the Manager of Cache Logistics Trust. Mr. Cerf served as ...
|Chief Executive Officer of ARA Trust Management (Cache) Limited||no data||no data||no data|
|Assistant Director of Finance of ARA-CWT Trust Management (Cache) Limited||0.50yr||no data||no data|
|Director & Head of Investment Management at ARA Trust Management (Cache) Limited||no data||no data||no data|
|Manager of Investor Relations||1.08yrs||no data||no data|
|Secretary of ARA Trust Management (Cache) Limited||4.5yrs||no data||no data|
|Secretary of ARA Trust Management (Cache) Limited||4.5yrs||no data||no data|
Experienced Management: K2LU's management team is considered experienced (2.8 years average tenure).
|Lead Independent Non-Executive Director of ARA Trust Management (Cache) Limited||1.08yrs||S$65.00k||no data|
|Non-Executive Director||0.083yr||no data||no data|
|Chairman of the Board at ARA Trust Management (Cache) Limited||10.08yrs||S$90.00k||0.17% SGD846.0k|
|Independent Non-Executive Director of ARA Trust Management (Cache) Limited||4.25yrs||S$65.00k||no data|
|Non-Executive Director of ARA Trust Management (Cache) Limited||1.75yrs||no data||no data|
|Independent Non-Executive Director of ARA Trust Management (Cache) Limited||1.08yrs||no data||0.0022% SGD11.1k|
Experienced Board: K2LU's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: K2LU insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cache Logistics Trust's company bio, employee growth, exchange listings and data sources
- Name: Cache Logistics Trust
- Ticker: K2LU
- Exchange: SGX
- Founded: 2010
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: S$510.335m
- Shares outstanding: 1.09b
- Website: https://www.cache-reit.com
- Cache Logistics Trust
- 5 Temasek Boulevard #12-01
- Suntec Tower Five
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|K2LU||SGX (Singapore Exchange)||Yes||Trust Units||SG||SGD||Apr 2010|
|A6C||DB (Deutsche Boerse AG)||Yes||Trust Units||DE||EUR||Apr 2010|
Listed on the Singapore Exchange on 12 April 2010, Cache Logistics Trust is a real estate investment trust (“REIT”) that invests in quality income-producing industrial real estate used for logistics purposes, as well as real estate-related assets, in Asia Pacific. Cache is managed by ARA Trust Management (Cache) Limited. As at 30 September 2019, Cache’s portfolio comprised 27 high quality logistics warehouse properties strategically located in established logistics clusters in Singapore and Australia. The portfolio has a total gross floor area of approximately 9.0 million square feet valued at approximately S$1.31 billion.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 13:26|
|End of Day Share Price||2020/04/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.