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.

Thursday, January 22, 2015

Analysis of SoilBuild Business Space REIT

Current Price on 8th Jan 2015 = $0.785
  • Yield = 7.88%  
  • Price-to-book Ratio = 0.971
  • Assets per unit = $1.311
  • Debt per unit = $0.503 (including current liabilities)
  • Gearing = 38.3%
SoilBuild Business Space REIT is one REIT which I have neglected posting ever since its IPO. Its price has been relative stable and they have been faithfully distributing dividends. With this trading price, here are the statistics.

Yield is at 7.88% which is at a high compared to other REITs. Quite rare would you get something which is close to 8%. However, they are priced at only 3% discount. Compared to Sabana REIT, it is not as attractive. Moreover, it does not have any secured NAV which increasingly many REITs are highlighting in their reports.

Soilbuild Business Space REIT vies with Viva Industrial Trust, AIMSAMP Industrial Trust and Sabana REIT for the same pool of investors. And their statistics are not very fantastic if you compare to its competitors. Yield is close to average while NAV is not attractive. I will still consider other REITs first.

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