Tea with AK71: Breakfast at Long John Silver's.

I think breakfast at Long John Silver's compared to McDonald's offers better value for money.

Thick slices of toast with turkey bacon, eggs and cheese. Yummy! I am not crazy about the hash brown though.

Iced Milo! Slurp!

Price: $5.10 with tea or coffee. Add 50c to upgrade to an iced Milo. :)

From their website:

Caution: Waiting time can be quite long if they are busy. I would usually avoid if I see long queues or many tables with a number standee which means diners are waiting for their meals to be sent to them. In terms of efficiency, McDonald's still takes the top spot.

Sabana REIT: 3Q FY2011.

Sabana REIT together with AIMS AMP Capital Industrial REIT are my top investments at the moment. Together, they account for a lion's share of my passive income generated from investments in the Singapore stock market.

Sabana REIT has declared a DPU of 2.14c for 3Q FY2011. Based on today's closing price of 91c per unit, this represents a distribution yield of 9.4% based on an annualised DPU of 8.56c. Beats leaving money in a savings account and being paid an interest income of 0.05% per annum, doesn't it? The best one year fixed deposit I know of pays an interest income of only 1%.

Sabana REIT will also legally complete acquisitions of four properties in 4Q 2011. These acquisitions are DPU accretive since they are fully funded by debt. This is possible due to its very low pre-acquisition gearing level. So, expect DPU to bump up in the coming quarters. Good news for anyone investing for income, surely.

NAV per unit after distribution: $1.05
Interest cover ratio: 7.6x
Estimated gearing, post acquisitions: 35%

Sabana REIT's total AUM is set to cross $1b with the completion of the said acquisitions and the REIT is bound to deliver on its promises made during its IPO.

The counter will go XD on 25 October and the income distribution is payable to unitholders on 29 November.

Read related posts on Sabana REIT: here.