Shares & Derivatives
Sabana REIT: 2Q 2012 DPU 2.27c.
By A Singaporean Stockmarket Investor (ASSI)  •  July 19, 2012
When people asked me whether they should invest in AIMS AMP Capital Industrial REIT or Sabana REIT recently, I asked them what are they after? If they are after a higher yield in the immediate future, Sabana REIT is the obvious choice.
Sabana REIT has declared a DPU of 2.27c, just 0.01c higher than in the last quarter. Annualised, this gives us 9.08c. Buying units of the REIT at $1.00 a piece would give us a distribution yield of 9.08%. Sabana REIT is probably the only one in the S-REIT universe now that is offering a distribution yield in excess of 9%. Gearing: 34.1% NAV/unit: $1.04 Interest cover ratio: 5.6x Occupancy: 98.4% to 100%. (Total occupancy rate: 99.9%) Remaining land leases (average): 39.7 years.
The REIT's management should be working on leases expiring in 2013 soon, if they have not started already. Given that 47.......
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By A Singaporean Stockmarket Investor (ASSI)
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