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.

Saturday, May 14, 2011

Analysis of First REIT

Current Price on 14th May 2011 = $0.75
  • Current Yield = 8.43%
  • Price-to-book Ratio = 0.961
  • Assets per unit = $1.012  
  • Debt per unit = $0.231
  • Gearing = 22.9%
  • Secured NAV = $0.064
This is just an update (a very late one) on First REIT. Their results were out earlier last month when GE is very hot. Their assets and liabilities have dropped due to the sale of Pacific Cancer Centre. Currently the NAV value is at $0.78 which is higher than the market price.

As said earlier, I am looking at offloading prices above $0.78 because I don't recommend buying REITs which its price are higher than its NAV value. Currently it is moving up very slowly so it gives me time to look out for other anchor investments.

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