Added IREIT Global.
At 68c currently, with NAV over 72c, it looks undervalued. Rough calculation says that I am looking at a close to 9% dividend yield. The properties are freehold with stable blue chip tenants and there is a new acquisition that is being funded by debt and rights issue, which would diversify the tenant mix, lowering is reliance on its single biggest tenant, and should boost yield slightly. I find this narrative compelling enough and decided to add this to my portfolio. Of courses, there are risks, such as currency which is significant. I am taking a calculated risk.
My portfolio now comprise:
1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
6. Saizen
7. Accordia
8. IREIT Global
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