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.

Friday, February 9, 2018

Analysis of Ascendas Hospitality Trust

Current Price on 8th Feb 2018 = $0.86
  • Yield = 6.21%  
  • Price-to-book Ratio = 0.894
  • Assets per unit = $1.564
  • Debt per unit = $0.602 (including current liabilities and perpetual securities)
  • Gearing = 38.5%
Ascendas Hospitality Trust released both its results and their sale of China properties at a premium which are both good news. Moreover, the recent correction has given a chance to enter. But let's take a look at the statistics first.

Current yield is at 6.21% which is quite good among the hospitality trusts but low compared to other REITs. Their price-to-book ratio is 0.894 which means we are buying at 10% discount, taking into account the sale of the properties in China. Gearing is at a healthy 38.5%.

I am vested in Far East Hospitality Trust and their yield is getting very low due to recent surge in price. However, I don't think the price is attractive enough to make the switch. Will monitor closely on this once-loved trust.


  1. Hi Joseph,

    You usually switch from lower yield to higher Reits/Business Trust which is a method I like.

    My question is: when the stock market looks like going to collapse, how do you handle such a situation?


  2. This post tells me that you are a prata flip-flopper type of share buyer. Apparently, looking at the strength of the management is not your forte