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I did some updates to my dividend stock tracker. I realise a lot of people are turned off by some REITs listed here that are showing huge negative earnings or huge cash flow. The reason that occurs is because of property purchases throughout the year affecting their earnings and free cash flow.
For REITs, I will be reporting earnings sans property revaluation to reflect whether the earnings yield coincides with their dividend yield.
You can see that all 4 look much respectable now.
First REIT in particular looks good, and remains a favorite of mine. The good thing is that although debt to asset is 14% its cash is high as well. Its net debt to asset is roughly less than 10% now.
Aims Amp Industrial have went up a lot recently but its dividend can get boosted by its redevelopment, but that would also take its debt to asset above the 30% currently, so you can say it’s a leverage play.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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Cha
Monday 21st of January 2013
Thanks for your investment moat table. I used it and bought some Sph and Singpost shares and am happy with its dividends payout. I am interested to buy Reits but can't figured out which are a safer bet. Will Lippo Mall, Ascott REIT be good?
Tremor
Thursday 22nd of March 2012
Drizzt,
Thanks for your reply. For my understanding please. How do I effectively use this table? For example, pay attention to those highlighted in blue for dividend yield? Or is there an article that you posted previously on it?
Tremor
Friday 16th of March 2012
Another question: How do I effectively use this chart to determine which stock I should be looking at? For example, just by looking at dividend yield?
Thanks in advance.
Tremor
Friday 16th of March 2012
Hi Drizzt,
What is MIIF?
Drizzt
Saturday 17th of March 2012
it is short for Macquarie International Infrastructure Fund, a stock that invests in a chinese toll road, a taiwan broadcasting station and a chinese port. u can take a look at these three articles
https://investmentmoats.com/money-management/dividend-investing/macquarie-international-infrastructure-fund-miifs-a-high-yield-attractive-play-currently/
https://investmentmoats.com/stock-market-commentary/value-investing/miifs-taiwan-broadband-communication-pretty-impressive-growth/
https://investmentmoats.com/money-management/dividend-investing/macquarie-international-infrastructure-fund-miif-q3-2011-and-9-month-results-8-yield-locked-in/
yh
Thursday 15th of March 2012
hi Drizzt,
For both Cache & MIIF, I noticed that their payout ratio is 127% and 376% respectively. Is this sustainable?
Drizzt
Thursday 15th of March 2012
hi yh, let me relook the figures