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, August 4, 2010

Analysis of Starhill Global REIT

Current Price on 4th August 2010 = $0.57
  • Current Yield = 6.39%  
  • Price-to-book Ratio = 0.621
  • Assets per unit = $1.427  
  • Debt per unit = $0.504
  • Gearing = 30.8%
  • Secured Asset per unit = $0.461
Starhill Global REIT has not been in my radar until now because in its recent report, it states that it has obtained new financial facility which is secured with Ngee Ann City property. This means that Wisma Atria is now free from any debts. Thus, its secured assets has increased to $0.461 per unit (which includes its China properties). It has added much more stability to the REIT and definitely worth looking again. The only problem is that its yield is quite low and unattractive.

I am watching and hope that it will drop to below $0.55.
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4 comments:

  1. GaudenteAugust 4, 2010 at 7:29 PM

    I see you have a small position in Indiabulls.
    I cannot find any website for this REIT , where do you get financial reports ?

    ReplyDelete
  2. jc.education.sgAugust 6, 2010 at 7:53 AM

    Yes it does not have a website. Therefore, I get my info from SGX website. You can try to read the annual report which provides a lot of information.

    Having said that, the news about Indiabulls is quite little so every quarter report is important in order to keep track of the progress.

    ReplyDelete
  3. WK888August 23, 2010 at 2:14 PM

    in their 2Q results include any contribution from starhill KL?

    ReplyDelete
  4. jc.education.sgAugust 27, 2010 at 12:37 PM

    I am not very sure... You might want to check the reports from Starhill? I am still not vested in this yet.

    ReplyDelete

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