Shares & Derivatives
Saizen REIT: Still a good investment for income?
By A Singaporean Stockmarket Investor (ASSI)  •  August 27, 2014
Saizen REIT is now one of my top 3 investments in S-REITs and in a recent talk, I said the same thing. I also explained why I invested in Saizen REIT and why I quadrupled my long position in the REIT when I did. Anyway, Saizen REIT's latest presentation is now available for viewing and I have attached the link: here.
DPU: 3.1c. While I believe that the weakness in the Japanese Yen is likely to continue for many more years, residential properties' occupancy and rental rates should start to pick up in the next couple of years if Abenomics gain even more traction Having said this, remember that Saizen REIT is distributing income in an amount that pretends that its loans are non-amortising in nature. What is the effect? Amortisation of loans cost 1.46c per unit which means if the REIT did not have the cash resources to pay for this and if the money were taken from income generated by the REIT's portfolio of properties, only 1.64c would have been available for distribution to unit holders this time.....
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By A Singaporean Stockmarket Investor (ASSI)
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