S-REIT Investment Blog: Analysis of AIMSAMP REIT

Welcome

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.

Thursday, April 18, 2013

Analysis of AIMSAMP REIT

Current Price on 17th Apr 2013 = $1.735

Current Yield = 7.26%

Price-to-book Ratio = 1.147

Assets per unit = $2.392

Debt per unit = $0.883 (including current liabilities)

Gearing = 36.9%

Secured NAV = $0.754

AIMSAMP REIT has published its results which is fantastic. Its DPU rises to 3.14 cents which is way beyond my expectations. Its current yield is now 7.26% which is comparable to Sabana REIT. Moreover, it has establised a secured NAV of $0.754 which is about 43% of its trading price. This is the highest compared to Cambridge Industrial Trust and Sabana REIT.

With its yield at 7.26%, a Price-to-book ratio of 1.147 and secured NAV, it is currently the most attractive industrial REIT on the market. I am looking less towards the price-to-book ratio and more towards the yield as I am still hungry for yields rather than value.