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 30, 2010

New Data on LMIR

Current Price on 30th July 2010 = $0.485
  • Current Yield = 8.58%
  • Price-to-book Ratio = 0.591
  • Assets per unit = $1.100
  • Debt per unit = $0.271 (Interest Rate at 7.7%)
  • Gearing = 10.24%
Contrary to what I have analyzed, LMIR seems to lose its attractiveness. Its decrease in distribution shows its instability to achieve stable returns. Moreover, the interest rate is at a staggering 7.7%. Thus, the only attractiveness is only in its price-to-book ratio which represents a significant discount to its NAV. The current yield is still 8.58% which is attractive but unstable. I still have 10,000 shares and will be holding on to it, but I will be looking closely, just in case I need to dispose it immediately.

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