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.

Saturday, October 23, 2010

Analysis of First REIT

Current Price on 22nd Oct 2010 = $0.95
  • Current Yield = 8.17%  
  • Price-to-book Ratio = 0.972
  • Assets per unit = $1.30  
  • Debt per unit = $0.323
  • Gearing = 24.8%  
First REIT has delivered a steady stream of income which I like. Their data shows 8.17% yield which is still above my threshold and a price-to-book value which is close to 1.00. Same as Cambridge, it is getting increasingly less attractive due to the increase in price, so I will be looking at whether to offload them.

First REIT has not mentioned anything about acquiring assets from this announcement which I felt was a catalyst to them. Let's see what they have to offer.

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