On 23 May 2017, purchased 10,000 shares of IREIT Global at $0.755 per share.
IREIT Global is a pure focused Europe office reit listed in SGX which comprises of 5 freehold office buildings in Germany.
Distribution per unit is SGD 0.0633 for FY 2016 , however the distribution policy for FY 2017 is 90% of the income instead of 100% of the income.
That will translate to DPU of SGD 0.05697.
Based on my purchase price @ $0.755, the yield will be 7.55%.
Occupancy rate is at 99.8% , WALE is 5.9 years.
Last year, Tikehau Capital a pan Europe asset management firm had acquired 80% of the fund Manager.
In my opinion IREIT Global will include other asset type such as retail, healthcare & logistic in its portfolio when opportunity arises.
88% of the debts are at fixed interest rates at effective interest …