Current Price on 4th Nov 2010 = $0.545
- Current Yield = 8.07%
- Price-to-book Ratio = 0.684
- Assets per unit = $1.076
- Debt per unit = $0.287
- Gearing = 26.6%
LMIR has reported its results which has translated to the current analysis of this REIT. Basically, it maintains at 8.07% which is above 8%. Moreover, its price-to-book ratio is way below 1.00 which fulfills my criteria. Currently, I do have 10,000 shares of LMIR which translate to about $400 per annum worth of dividends.
I believe the fundamentals are good even though there are Forex losses (which was meant to help to stabilize the return). However, there are REITs which are more attractive compared to this in terms of 1) location, 2) yield 3) Price-to-book ratio... I will consider this but may not necessary increase my investments.