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.

Monday, June 17, 2013

Analysis of CapitaCommercial Trust

Current Price on 14th Jun 2013 = $1.515
  • Current Yield = 5.17%  
  • Price-to-book Ratio = 0.925
  • Assets per unit = $2.443
  • Debt per unit = $0.805 (including current liabilities)
  • Gearing = 33.0%
  • Secured NAV = $1.616 (106%)
It has been a while (more than a year) since I analyzed CCT. But since the price went down and risk went up, it is time to look at this again which I think is one of the safest investment we can find among the S-REITs.

Yield is very low at 5.17%, the lowest among the office REITs. But price-to-book ratio is at 0.925 which is average. But what is promising is its secured NAV which is at 106% of its trading price. This also means that in the worst case scenario aka debts are defaulted and properties are seized, there is still a value of $1.616. This is great!

This is just one of the considerations for me especially when security is concerned. There are other REITs which I am considering and will be writing in this blog soon on it. It does seem attractive because of the secured NAV.


  1. Replies
    1. Hi Hannah Taylor,

      Many thanks for your encouraging post. :-)

  2. Hi,

    Realized that you sold off saizen reit. May I know what is your take on th counter?

    1. Hi incantations,

      I will be posting on Saizen REIT soon which includes my reason for selling off. Do check out my blog later. Thanks! :-)

  3. Hi,
    I was just wondering how do you go about calculating your secured NAV.