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.

Monday, October 29, 2012

Analysis of AIMSAMP REIT

Current Price on 25th October 2012 = $1.47

  • Current Yield = 6.80%  
  • Price-to-book Ratio = 1.001
  • Assets per unit = $2.208
  • Debt per unit = $0.741 (including current liabilities)
  • Gearing = 33.5%
AIMSAMP REIT has delivered a stable result which translate to a yield of 6.80%. Its trading price have risen so much that it is now trading around its NAV, making it unattractive.

We are going to see the first set of results in May 2013 which should include rents from its redevelopmental plans of 20 Gul Way. Remember that we are looking at an increase in yield to 7.8% by 2014 and part of it should be seen in its May data. Looking forward to it.

Moreover, there is a report (forgot which brokerage already) that shows that the portfolio which AIMS AMP REIT holds has a lot of redevelopment potential. Being able to grow from within is great as it reduces its reliance on acquisitions for growth. Thus, I believe its NAV and yield will continue to move upwards.

I am vested with 25,503 shares and will keep it for long-term to participate in their growth plans. I will also be participating in its DRP to acquire more shares.

No comments:

Post a Comment