PRIVACY POLICY

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Tuesday, April 19, 2011

AIMS AMP Capital Industrial REIT: 4Q FY2011.

A higher DPU of 0.54c was achieved for fourth quarter ended 31 March 2011 (4Q FY2011). This is partly due to the release of distribution retained in previous quarters which bumps up the distributable income for the quarter by S$708,000.

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

Related post:
AIMS AMP Capital Industrial REIT: Stronger numbers.
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14 comments:

  1. flyingchickenApril 19, 2011 at 11:39 PM

    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?

    ReplyDelete
  2. AK71April 20, 2011 at 12:03 AM

    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. :)

    ReplyDelete
  3. AnonymousApril 20, 2011 at 8:27 AM

    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..:)

    ReplyDelete
  4. AK71April 20, 2011 at 9:00 AM

    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. :)

    ReplyDelete
  5. AnonymousApril 20, 2011 at 9:13 AM

    Good news that complimented the blue-skies day.

    Huat ah..

    SnOOpy168

    ReplyDelete
  6. keocoApril 20, 2011 at 11:34 AM

    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.

    ReplyDelete
  7. AK71April 20, 2011 at 10:58 PM

    Hi SnOOpy168,

    Rather good news. Yes. :)

    ReplyDelete
  8. AK71April 20, 2011 at 10:59 PM

    Hi keoco,

    Sure, we would all like to accumulate at lower prices. Good luck. :)

    ReplyDelete
  9. AnonymousApril 21, 2011 at 8:02 AM

    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

    ReplyDelete
  10. ShaneApril 21, 2011 at 8:04 AM

    Hi

    I am just starting to read your blog..

    May I know what is XD?

    ReplyDelete
  11. AK71April 21, 2011 at 9:00 AM

    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. :)

    ReplyDelete
  12. AK71April 21, 2011 at 9:04 AM

    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. :)

    ReplyDelete
  13. AnonymousJune 17, 2011 at 1:32 PM

    "advance distribution paid out on 28 Mar"

    = nothing left to pay thereafter?

    ReplyDelete
  14. AK71June 17, 2011 at 11:01 PM

    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.

    ReplyDelete