Sunday, November 18, 2012

AIMS DRP (2Q FY2012): Not subscribing

I have received the AIMS DRP letter on Friday. Based on the current prices ($1.38) for AIMS, it is much lower than the DRP offer price of $1.4378. This makes it unattractive to apply for the DRP tis round. Looks like I will give it a miss for the DRP this round. If it drops further, I may buy more in the open market. The current yield for AIMS is about 7.2%

Wednesday, November 7, 2012

AIMS DRP (2Q FY2012)


AIMS REIT has announced a DRP issue price of 1.4378 for the period Jul - Sept 2012.  In an earlier post, I posted that participated in the previous DRP.

See SGX annoucement here:
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_EC84889857D463E348257AAE003D8C30/$file/AIMSAMPIREIT_DRP_Unit_Issue_Price_2QFY2013_distribution.pdf?openelement

 I will be participating in this round's DRP. Again, I will try to apply for an "optimal" number of units.

Some details to note:
DPU: $0.025
issue price: $1.4378
Last done price: $1.465
The amount of DRP units allocated can be calculated using the formula below:
N = (S * D) / V
N is the number of DRP units to be allotted and issued.
S is the number of participating units held by the unit holder
D is the qualifying distribution per unit. In this case, it is 0.025
V is the issue price of the DRP unit. In this case it is 1.4378
 
N will be rounded down. Any fractional entitlements will be disregarded.

Since D and V are fixed, we can re-write the formula as:
N = (S * 0.027) /1.1622

For those who want to calculate how many units they want to participate to get a certain number of units, they can use the above formula.

Related Posts:
AIMS DRP (Aug-Sept 2012)
AIMS DRP: The optimal number of units to apply?

Saturday, November 3, 2012

REIT Ranking - Oct 2012

REIT ranking for Oct is as follows:


REIT
Mkt
Yield
NAV
Gearing
P/B
Total
P/B score
Gearing score
Yield score
SaizenREIT
$0.173
7.283%
$0.300
31.40%
0.577
6
3
1
2
LippoMalls
$0.485
6.515%
$0.560
9.30%
0.866
6
2
3
1
Fortune Reit HK$
$6.120
5.333%
$8.320
24.60%
0.736
6
3
2
1
Sabana REIT
$1.110
8.387%
$1.030
38.30%
1.078
4
1
1
2
AscendasHT
$0.910
7.486%
$0.814
34.30%
1.118
4
1
1
2
Cambridge
$0.665
7.137%
$0.612
35.80%
1.087
4
1
1
2
AscottREIT
$1.275
7.027%
$1.370
40.60%
0.931
4
2
0
2
First REIT
$1.045
6.861%
$0.791
15.90%
1.321
4
0
3
1
SuntecReit
$1.605
5.825%
$1.946
37.80%
0.825
4
2
1
1
Starhill Gbl
$0.785
5.631%
$0.940
31.20%
0.835
4
2
1
1
Frasers Comm
$1.245
5.539%
$1.500
36.80%
0.830
4
2
1
1
CapitaComm
$1.570
5.172%
$1.580
30.90%
0.994
4
2
1
1
AIMSAMPI Reit
$1.490
6.711%
$1.443
31.50%
1.033
3
1
1
1
Kep REIT
$1.190
6.555%
$1.230
44.10%
0.967
3
2
0
1
Far East HTrust
$0.985
5.656%
$0.930
30.50%
1.059
3
1
1
1
CDL Htrust
$1.935
5.592%
$1.570
25.50%
1.232
3
0
2
1
CACHE
$1.230
6.934%
$0.900
32.60%
1.367
2
0
1
1
MapletreeInd
$1.400
6.543%
$1.020
37.20%
1.373
2
0
1
1
CapitaRChina
$1.560
6.173%
$1.250
30.40%
1.248
2
0
1
1
MapletreeLog
$1.110
6.162%
$0.880
37.00%
1.261
2
0
1
1
Ascendasreit
$2.360
5.983%
$1.845
32.50%
1.279
2
0
1
1
FrasersCT
$1.955
5.545%
$1.530
30.10%
1.278
2
0
1
1
MapletreeCom
$1.210
5.111%
$0.952
37.70%
1.271
2
0
1
1
PLife REIT
$2.040
4.863%
$1.460
36.40%
1.397
1
0
1
0
CapitaMall
$2.110
4.564%
$1.620
37.60%
1.302
1
0
1
0

For how the scores are being calculated:
Reit Rankings - Mad Stranger's scoring system



Disclaimers:
It doesn't mean that if you see a high score for a particular REIT, you rush in to buy. The score system only serves as an indicator on how the REIT is with respect to its yield, P/B and gearing. The ranking is also heavily dependent on the accuracy of the data shown on reitdata.com , investors are advised to do your own cross checking. It is always prudent to do your own research before making any buys or sells.