I shared my passive income numbers in my last blog and also revealed that I significantly increased my investment in IREIT Global.

Now, I will explain why I chose to increase my investment in IREIT Global in 3Q 2019:

1. It seems to me that the negative interest rate will persist for some time to come as ECB just made it even more negative recently which means that IREIT Global’s low cost of debt will remain low and, if we recall, the REIT actually refinanced at a lower interest rate of 1.5%, down from 2% not too long ago.

ECB negative interest rates deepen.

2. Although the REIT used to have a relatively high gearing ratio which might have worried some investors, it has come down to 36%, but I have said before that what was more important was its interest cover ratio which was very healthy.

Now, related to point