Current Price on 11th Oct 2011 = $0.99
- Current Yield = 10.10%
- Price-to-book Ratio = 0.725
- Assets per unit = $2.323
- Debt per unit = $0.957
- Gearing = 41.2%
- Credit Rating = Ba2
AIMSAMP REIT has delivered 2.5 cents per share of dividend for this quarter which I thought was respectable considering that they are retaining some cash for future distributions. However, I felt that it is not necessary to do that because it will create an illusion that they are able to maintain their DPU despite having an ongoing major development. They are able to distribute 2.7 cents which is an improvement from the previous quarter.
No major changes to my analysis since the last post which is quite recent. Yield is still at 10.1% which is strong. Price-to-book is quite low at 0.725. The only drawback is that all its properties are encumbered which has kept the credit rating low. Just a note that the current assets and liabilities include the extra development and valuation of the completed project.
I already have 14,000 shares on this counter and is taking $350 as my dividend. I am holding on to this but will evaluate other opportunities to see if it is better than this.
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