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.

Tuesday, October 11, 2011

Analysis of AIMSAMP REIT

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.

No comments:

Post a Comment