Omega88
2022-09-21

$AIMS APAC REIT(O5RU.SI)$ ~7% dividend yield S-Reit! Most of its properties are in Singapore and a few in Australia, both are relatively stable region as compared to US and Europe. 

A quick analysis for $AIMS APAC REIT(O5RU.SI)$ using 10 different criteria. All these are my own personal evaluation, I may be right or wrong. Please do your own research too!

1. Healthy portfolio occupancy: 97.9% (Yes)

2. Positive Rental Reversion: +9.5% (Yes)

3. Growth Prospects: Although it may be challenging in Singapore due to Capitaland and Mapletree etc, their sponsor (AIMS Financial Group, AAA rating from Standard & Poors and Fitch Ratings) is based in Australia and it's easier to expand in Australia as shown in their recent acquisition of Woolsworth HQ in New South Wales, Australia (Average)

4. Growth in gross revenue and NPI: Revenue +2.3% and NPI +9.2% last quarter (Yes)

5. Increasing DPU: Relatively constant (No)

6. Gearing Ratio below 40%: 37% (Yes)

7. Property Yield: 8.12% (Yes)

8. Interest Coverage Ratio: 5x (Yes)

9. Dividend yield (Above 5%): 7% (Yes!! In fact it's higher than most S-Reits!!)

10. Price to book ratio: 0.978 (Yes!!!, undervalued)

**Stock liquidity = average daily transaction value more than S$1 million** I would only buy a S-Reit if there's good liquidity, you don't want to be stuck with the stocks with no buyer!!

Rating: 8.5/10 (All positive except average growth prospects, I doubt risk-free interest can hit 7%, so this REIT would help to provide a passive and stable source of income in this volatile market)

Do you have this in your portfolio?? Do let me know your thoughts!

$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$

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Comments

  • powerbert
    2022-09-22
    powerbert
    Yes, I am holding AIMS APAC reit also, for dividend income and potential capital gains.
  • hh488
    2022-09-22
    hh488
    Yes, didn't really pay much attention to this REIT.
  • 紫南
    2022-09-21
    紫南
    In my watchlist as well. Just waiting for STI drop to 3000 [lovely]
    • Omega88Reply紫南
      Another 5.8%, let's see how accurate you are
    • 紫南ReplyOmega88
      Not much, 181.97 to go [Observation]
    • Omega88
      let's see whether will drop so much
  • th0mastan
    2022-09-22
    th0mastan
    Thanks for sharing
  • Gregho
    2022-09-22
    Gregho
    AIMS is one of my portfolio holding
  • LMSunshine
    2022-09-21
    LMSunshine
    Great post! Thanks🤗
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