Been a while since I talked about IREIT Global and since I was facing some glitches with Investment Moats, I might as well give some updates. Btw, do let me know if the Singapore Prices of the Stock Portfolio Tracker is still not being updated or served.
IREIT Global gives a dividend yield of 7.5% on my Dividend Stock tracker. This is pretty high if you compare to the local and even the office REITs with international properties but listed on the SGX.
This is a Germany based REIT where the management changed.
In this first quarter results, the dividend per unit went up 1.4% year on year mainly due to more favorable hedging.
Revenue wise, the result was poorer. This is due to lower rental income from Munster south Building following the vacation of one floor with effect from Apr 2017 and finalization of prior years service …