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Since an advance distribution of 0.285c per unit was paid out on 28 March, 0.255c per unit would be paid out on 8 June 2011. XD on 26 April 2011.
Some numbers as of 31 March 2011:
NAV/unit: 27c.
Gearing: 32.0%.
Interest cover ratio: 5.7x
Weighted average debt maturity: 3.5 years.
Weighted average interest rate: 3.36% per annum
Weighted average lease expiry: 3.4 years.
Weighted average land lease expiry: 42.0 years
Substantial shareholders:
AMP Capital: 15.35%
Dragon Pacific Assets Limited: 11.98%
APG Algemene Pensioen Groep N.V.: 9.42%
Universities Superannuation Scheme Limited: 8.19%
George Wang: 7.19%
See presentation slides here.
AIMS AMP Capital Industrial REIT achieves DPU of 0.54 cents for 4Q
Tuesday, 19 April 2011
Tuesday, 19 April 2011
© 2011 - The Edge Singapore
Related post:
AIMS AMP Capital Industrial REIT: Stronger numbers.
Bloggy Award
14 comments:
hmmm...so what's your take on this then? Today it's traded at 0.21c, still 28% from NAV.
Is it worth buying it now or wait for it to drop after XD?
Hi Png,
At 21c, it is a 22.3% discount to NAV/unit of 27c. With an expected DPU of at least 2c per year, yield is a very comfortable 9.52%. This is one undervalued REIT. To buy now or later? I leave it to you. :)
Hi AK71..
I've been following your blog on AIMS article.. very interesting and in depth finding..I ve invested a tiny amount on it for the first time in my life..so i m rather ignorance & sotong when to dividend distribution..
Can let me know since I bought some units on 31 Dec 2010.. am i entitle to their advance distribution paid out on 28 Mar and the coming one on 8 June....
Thanks..:)
Hi Anonymous,
Yes, you are entitled to the advance distribution which you should have received by now and, yes, you are entitled to the distribution payable on 8 June (if you do not sell away your units). :-)
Could you include your name or initials in future comments? Thanks. :)
Good news that complimented the blue-skies day.
Huat ah..
SnOOpy168
hi AK71,
I shared the same investment objective of passive income as yours and like your blog posting.
I have not vested into this counter and looking at the current DPU (mere 0.255c) I would rather wait for XD to accumulate.
Hi SnOOpy168,
Rather good news. Yes. :)
Hi keoco,
Sure, we would all like to accumulate at lower prices. Good luck. :)
Hi AK71..
Thanks for your info..
Hahaha...great to know that i'll have extra $ for tea-break kopi.
Cheers and have a nice look weekend..
Cheng
Hi
I am just starting to read your blog..
May I know what is XD?
Hi Cheng,
Perhaps, enough for a curry puff as well? ;)
The long weekend is a long weekend of work for me as usual but I will try to enjoy it. Thanks. :)
Hi Shane,
"If a stock is bought on or after the XD date, the dividend is paid to the seller. If a stock is bought prior to the XD date, the dividend is paid to the buyer."
Source: http://bizfinance.about.com/od/glossaryx/g/xd-ex-dividend.htm
Welcome to the world of investments. :)
"advance distribution paid out on 28 Mar"
= nothing left to pay thereafter?
Hi Anonymous,
Income distributions take place every 3 months. The most recent distribution happened just last week. :)
Could you include your name or initials in future comments? Thanks.
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