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 16, 2010

Statistics on Saizen REIT

Some statistics on Saizen REIT ($0.16)
  • No yield
  • Price to Book ratio = 0.523
  • Asset per unit = $0.46
  • Debt per unit = $0.16
  • Gearing = 34.6%
  • Secured NAV = $0.194
Saizen REIT is a residential REIT with assets in Japan. It has not been distributing income to its unitholders, preferably to use the money to pare down debt, which is a positive move considering the difficulty in securing loans. However, it is not performing well compared to the other REIT.

Having said that, it is trading at a price which is much lower than its NAV. Moreover, $0.194 per unit of assets has been secured, which makes it attractive for investors looking for value. I do have some holdings on Saizen REIT and I will hold on to it until there are positive news.

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