Shares & Derivatives
Sabana REIT: 3Q FY2011.
By A Singaporean Stockmarket Investor (ASSI)  •  October 19, 2011
Sabana REIT together with AIMS AMP Capital Industrial REIT are my top investments at the moment. Together, they account for a lion's share of my passive income generated from investments in the Singapore stock market.
Sabana REIT has declared a DPU of 2.14c for 3Q FY2011. Based on today's closing price of 91c per unit, this represents a distribution yield of 9.4% based on an annualised DPU of 8.56c. Beats leaving money in a savings account and being paid an interest income of 0.05% per annum, doesn't it? The best one year fixed deposit I know of pays an interest income of only 1%.
Sabana REIT will also legally complete acquisitions of four properties in 4Q 2011. These acquisitions are DPU accretive since they are fully funded by debt. This is possible due to its very low pre-acquisition gearing level. So, expect DPU to bump up in the coming quarters.......
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By A Singaporean Stockmarket Investor (ASSI)
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