Following from my thoughts about my write up on the SGX Listed US office REITs and the subsequent drop in share price of PRIME, I have increased my stake in US PRIME.
Due to the large price decrease specifically for PRIME, the reit is now sporting an estimated dividend yield of 14% (provided there are no sudden large decrease in occupancy). Hence I have increased my stake 16k to 73k shares. As many of my other investments do not provide dividends (only share buybacks), it offers me a chance to have an overall portfoilo with divdends.
Do take note US office REITs have a certain degree of risk because they are teetering on breaching MAS's regulatory limit for leverage ratio due to a higher risk free rate and declining occupancy for their properties. Hence there is a need to keep cash aside in case there are rights, I
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