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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, February 4, 2016

Analysis of AIMSAMP Industrial REIT

Current Price on 26th Jan 2015 = $1.355
  • Yield = 8.41%  
  • Price-to-book Ratio = 0.893
  • Assets per unit = $2.303
  • Debt per unit = $0.786 (including current liabilities)
  • Gearing = 34.1%
AIMSAMP Industrial REIT has published their results recently which I am quite pleased. The reason is that finally the fruits of AEIs which they have embark on is giving strong returns in dividends which resulted in an increase in distribution. Let's look at the statistics.

Yield is currently at 8.41% which is quite comparable to its peers which yield ranges from 7.17% (Ascendas REIT) to Cache Logistics Trust (9.90%). Its price-to-book ratio is at 0.893 which is also quite comparable to its peers. Gearing is at a healthy 34.1%.

I would say that this counter is currently at fair value and is no longer as cheap as before. Maybe it is because other counters have fallen more than usual which resulted in this situation because I remember it has been quite attractive even at higher price. I have 11,000 shares and will hold on for more dividends and potential growth but will look into other counters for new investments.
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