$AIMS APAC REIT(O5RU.SI)$ ~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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