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.

Wednesday, July 18, 2018

Analysis of Dasin Retail Trust - An Anchor investment for me

Current Price on 17th Jul 2018 = $0.865

  • Yield = 8.46%  
  • Price-to-book Ratio = 0.554
  • Assets per unit = $3.005
  • Debt per unit = $1.443 (including current liabilities)
  • Gearing = 48.0%

Dasin Retail Trust is one of my closely-watched counter. It is also one of my anchor investments which I have gained much from it. I have recently purchased another 40,000 shares at $0.865 sometime last month. Let's take a look at the staitistics.

With the current yield of 8.64%, it is one of the highest yielding REIT in SGX. However, LippoMalls Retail Trust and Sasseur REIT are trading at a higher yield. What is attractive is that concurrently it is trading at price-to-book value of 0.554 which means we are buying at 45% discount to its valuation. This provides some form of margin of safety for investors. Gearing is also at a high of 48.0%.

With the recent purchase, I am vested with 120,000 shares, enjoying an annual dividend of $8,700 which probably can pay for my car instalment. :-) I am still holding on to it and enjoying it.

3 comments:

  1. Seems Singapore is the hub for investment as I can see various investment opportunities. Thanks for sharing.

    ReplyDelete
  2. Hi Mate, the income support (waiver from the 2 main shareholders) will expire in 2022. If the growth and new malls being built come online as per planned, then the yield should be able to maintain else there is some risk that yield will drop 50% after end of income support.

    ReplyDelete
  3. Fantastic information, thanks for sharing. Such amazing insight.
    SGX Stock Signals

    ReplyDelete