First REIT this evening announced their 4th quarter and full year 2011 results. Here are some take-aways
- Net property income is climbing gradually: 13.0 mil > 13.1 > 13.47 > 13.77
- Rental Income climbed in all regions, not just in Indonesia but also for their Singapore and Korea properties
- Larger distribution this quarter similar to that of 3rd quarter, as part of the sale of Adam Road property. Total distribution investors will enjoy is 1.93 cents.
- This years distribution is 7.01 cents. At 77 cents that is 9.01% yield this year.
- Assets continue to increase in fair value.
- Debt to property is 16%
- Net Debt to Asset is only 9%
- Indonesian property values have been rising compare against Singapore properties which are not doing that well.
- Korea Hospital is freehold. Based on rental yield it seems the yield is only 4.9% which …
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