Current Price on 29th July 2012 = $1.275
- Current Yield = 7.84%
- Price-to-book Ratio = 0.898
- Assets per unit = $2.127
- Debt per unit = $0.707
- Gearing = 33.2%
AIMSAMP REIT has recently announced their quarterly report which is somewhat disappointing as its DPU has dropped compared to previous quarter. Coupled with a run up of its trading price, current yield is at a "holding" range of 7.84%
Two things to note for this. Their redevelopment programme is still ongoing which will raise its DPU by 15%. But there might be a delay as there was a fire recently at the construction site. Nevertheless, with its trading price stabilising, I am expecting it to be a small matter. Secondly, they have established a $500 million medium term note programme which helps to diversify their debt sources. This should help in securing the assets that they are owning.
I am still looking at a yield of 8.99% by the time the redevelopment is complete. With 25,000 shares, I am holding on to it and collecting dividends. With its current yield, it is unlikely that I will enter again.
Two things to note for this. Their redevelopment programme is still ongoing which will raise its DPU by 15%. But there might be a delay as there was a fire recently at the construction site. Nevertheless, with its trading price stabilising, I am expecting it to be a small matter. Secondly, they have established a $500 million medium term note programme which helps to diversify their debt sources. This should help in securing the assets that they are owning.
I am still looking at a yield of 8.99% by the time the redevelopment is complete. With 25,000 shares, I am holding on to it and collecting dividends. With its current yield, it is unlikely that I will enter again.
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