Current Price on 12th November 2012 = $0.48
LMIR has reported a set of results which are not too favourable. Its current yield is about 6.15% which is quite low. Its price-to-book ratio is also at a high of 0.896. Considering that they are based in Indonesia, LMIR does not seem great at this price.
One thing to note is that they have managed to raise funds for acquisitions. They paid/are paying the interest for some months before they are able to effect some acquisition. It is not very nice but at least they manage to have some accretive acquisitions which should drive up the yield.
I am looking at a forward yield of 6.65% which is equivalent to the yield of the previous quarter which is slightly better although not compelling. Its price-to-book ratio will also drop 0.824 as they are buying assets at a discount. This placed them 4th behind Saizen REIT (0.56), Fortune REIT (0.74) and Suntec REIT (0.76)
One thing that I almost did was to switch my investment in LMIR to Suntec on Monday. However, I am reconsidering this option until I am very clear that it is a right move. Still thinking and analyzing. Should be making a decision by the end of the month.