Welcome to my investment blog where I share with you my analysis of REITs in Singapore.

I hope that my investment philosophy will bring me a steady stream of income apart from my job. I am aiming for at least $3,000 per month which can sustain the current expenses of myself and my family.

Do enjoy reading my blog and post any comments that you have. I welcome them because it is a time to learn from each other.

When I am looking at investing in REIT, here are some of the guidelines that I am looking at. Feel free to comment on it. I am willing to listen to ideas.

-> at least 8% yield.
-> Price that is lower than its NAV.
-> Low gearing (if possible)
-> High secured NAV.

Current Dividend income is $3,800/month.

Friday, August 6, 2010

Statistics on Suntec REIT

Current Price on 5th August 2010 = $1.38
  • Current Yield = 7.33%  
  • Price-to-book Ratio = 0.816 
  • Assets per unit = $2.556  
  • Debt per unit = $0.865
  • Gearing = 33.8%  
  • Secured Asset per unit = $1.075
Suntec REIT is one of the highest-yielding REIT among the local retails and office REITS (Suntec is both). Moreover, it is trading at a discount to their NAV, consist of prime assets in Singapore and has a high Secured Asset per unit. Thus, the risk level to invest in Suntec is considerably low. I am waiting whether the price will drop to a level where its yield is 8% (which is my criteria).

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