IREIT is currently #20 in terms of holding in my portfolio. After doing some simple analysis yesterday, I have decided to add more IREIT units in the coming days. A simple intro and highlights of IREIT can be found at the end of this blog.
IREIT attracts me because:(1) It has a track record of 5 years as a listed company on SGX. I would consider its operations to be stable and reliable and performance is more predictable. Hence, I feel more confident in evaluating its performance.
(2) At the current price, it provides an attractive dividend yield of 7.8%.
(3) It has never missed a single half-yearly dividend distribution and its DPU has been growing over the years from 5.24 to 5.80 cents. The last 2 years DPU were stable at 5.77 and 5.80 cents
(3) Its NAV (in Euros) has also grown from 41 cents to 48
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