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, November 6, 2010

Analysis of LMIR

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.

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