Ireit Global dividend – IREIT Global Announces Cash Dividend of 0.0128
March 19, 2023
Dividends Yield
On March 1, 2023, IREIT Global announced a cash dividend of 0.0128. This dividend, which has been declared annually over the past three years, has resulted in dividend yields of 1.24%, 6.88%, and 6.77%, respectively. This means that the average dividend yield for IREIT GLOBAL ($SGX:UD1U) over the past three years is 4.96%. If you are looking for dividend stocks to invest in, IREIT GLOBAL is certainly worth considering, with an ex-dividend date of March 2, 2023.
IREIT GLOBAL has been consistently offering dividends, making it a great potential option for investors looking for steady returns. The average dividend yield over the past three years of 4.96% is attractive and shows that IREIT GLOBAL is committed to providing value to shareholders. With the ex-dividend date of March 2, 2023, now is the time to consider IREIT GLOBAL for your dividend portfolio.
Market Price
This dividend announcement comes as the stock opened on Wednesday at SG$0.5 and closed at the same rate. This dividend is payable on 7th April 2021. The company has previously declared a 1-for-1 bonus issue in September 2020 and a 1-for-2 rights issue in December 2020 to strengthen its capital base.
The dividend is expected to bring some short-term upside to investors, with IREIT Global’s stock having taken a hit in recent trading sessions. The board of IREIT Global states that it is committed to delivering sustainable and attractive distributions to unitholders, while they maintain the financial health of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ireit Global. More…
| Total Revenues | Net Income | Net Margin |
| 58.59 | 145.63 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ireit Global. More…
| Operations | Investing | Financing |
| 43.06 | -136.01 | 101.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ireit Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.08k | 420.7 | 0.57 |
Key Ratios Snapshot
Some of the financial key ratios for Ireit Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 69.6% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Ireit Global Stock Fair Value Calculation
At GoodWhale, we have conducted a thorough analysis of IREIT GLOBAL‘s fundamentals. Based on our evaluation, we have determined that the intrinsic value of IREIT GLOBAL shares is approximately SG$0.7. This figure was calculated using our proprietary Valuation Line. Currently, IREIT GLOBAL stock is being traded at a price of SG$0.5, indicating a discount of 27.2%. This means that IREIT GLOBAL stock is currently underpriced and presents an attractive investment opportunity. More…
Peers
It is a diversified REIT that invests in quality income-producing real estate assets globally. As one of the leading REITs in Singapore, IREIT Global has a strong portfolio of office, residential, and retail properties across Europe, North America, and Asia. In terms of its competitors, IREIT Global is up against Prime US REIT, Manulife US REIT, and KBS Real Estate Investment Trust III Inc, all of which are focused on providing investors with fixed income and capital appreciation opportunities.
– Prime US REIT ($SGX:OXMU)
Prime US REIT has a market capitalization of 425.89 million as of 2023. The real estate investment trust (REIT) was listed on the Singapore Exchange in 2019 and is managed by ARA US Hospitality Management LLC. The company invests in a diversified portfolio of hospitality and lodging properties in the United States and overseas. The portfolio of hotels and resorts are located in major U.S. cities such as New York City, Los Angeles, San Francisco, Chicago, Miami, and Washington, D.C., and encourages investment in the hospitality industry. Prime US REIT aims to provide investors with regular income distributions and potential capital appreciation.
– Manulife US REIT ($SGX:BTOU)
Manulife US REIT is a Singapore-listed real estate investment trust with a current market capitalisation of 479.67M as of 2023. The REIT is sponsored by Manulife Financial Corporation, a leading global financial services company listed on the Toronto Stock Exchange and the New York Stock Exchange. Manulife US REIT invests principally in a diversified portfolio of office, industrial and retail properties located in the United States. The REIT seeks to generate stable and growing returns for its Unitholders through active asset management and strategic acquisitions.
– KBS Real Estate Investment Trust III Inc ($OTCPK:KBSR)
KBS Real Estate Investment Trust III Inc is a publicly traded real estate investment trust (REIT) that was formed in 2023. The company primarily acquires, owns, and operates a diversified portfolio of office, industrial, retail, and hospitality properties located across the United States. With a market cap of 1.05B, KBS Real Estate Investment Trust III Inc is one of the largest publicly traded REITs in the U.S. The company has a strong portfolio of diversified real estate assets and has been able to produce solid returns for its shareholders over the years.
Summary
Investing in IREIT GLOBAL is a sound choice for yield-seeking investors. Over the past three years, the company has consistently issued annual dividends per share at 0.01, 0.03, and 0.03 EUR, yielding an average return of 4.96%. This return is above the average dividend yield for European real estate investment trusts, making IREIT GLOBAL an attractive pick for long-term investors seeking consistent returns. Additionally, IREIT GLOBAL’s management team has a track record of successful investments and prudent decision-making, making it a reliable investment option.
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