72000 shares @ 0.500 EUR a share
Expected yield: 8.2% based on last half yearly payout
Accordingly, this investment may yield around SGD 4,300 a year in dividends, or around SGD 360 a month. Yet another step towards breaking 100k a year passive in 2020.
Why?
Diversification
Wanted some geographical diversification. I currently have exposure to Singapore, UK, and Australia (AA REIT + FCOT + Starhill), China (CRCT), US (Eagle HTrust), ID (First REIT).
Ultimately, it was a toss up between IREIT and Cromwell. Overall, I preferred Cromwell REIT because I feel there is less tenant concentration risk compared to IREIT.
ECB money printing quantitative easing bond purchases
This is a double edged sword.
On the one hand, low interest rates is always a boon for REITs. It provides cheap financing for the REIT to acquire new assets, and further boosts the NAV of the underlying assets. Cromwell REIT is already trading at a discount to NAV.
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