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.

Friday, July 28, 2017

Analysis of Viva Industrial Trust - A premium REIT by now.

Current Price on 27th Jul 2017 = $0.93
  • Yield = 7.97%  
  • Price-to-book Ratio = 1.177
  • Assets per unit = $1.370
  • Debt per unit = $0.580 (including current liabilities)
  • Gearing = 42.3%
  • Occupancy = 90.6%
Viva Industrial Trust has published their results which shows their capability to generate high yield despite having low asset valuation. Their price has been increasing for a while already so have to look at the statistics again.

Yield is currently at 7.97%. It is not as high as what I hope for but still one of the highest in the market. Soilbuild Business Space Trust is giving a higher yield as of now. Moreover, they are trading at a 17.7% premium which is very unfavourable. They are trading close to the league of the big boys like Ascendas REIT. Occupancy is still at 90.6% which is ok compared to market vacancy.

Viva Industrial Trust has given me a lot, in terms of dividends and capital gains over the years since I bought them sometime in 2015 and subscribe to their rights issue as well, giving me about 87,100 shares. It looks like it is time to take a look at other counters although I have to admit that there are not many opportunities out there by now.

1 comment:

  1. Hi Sir, may i have a copy of the excel spreadsheet that you are using? It looks great for tracking purpose.

    Thanks

    ReplyDelete