REITs - Ascott - Low Debt and Capital Land Supported

Been looking at a couple of REITs in the recent months. The Slowdown in the world Economy have create a GREAT opportunity in terms of buying in low....Stock Prices are at some of their lowest pricing now.

Increasing my Passive income is a priority now....For What I define this kind of income as...income that are generate without me doing anything....simple rule is just put your money and get the returns...i.e Dividends...

Gone are days where passive incomes come from banks...aka interest...nowadays, with Bank interest rate so low and...I would be losing money just by putting it there...or worst...gone forever...(lucky Gov Guarantee all saving till 2010)

Took Notice that REITs give good dividend Vs Price Ratio....the only bad thing about REITs is their huge Debts they have and the re-financing issue...

Ascott REITs
First pan-Asian serviced residence REITs
12 strategically located properties in seven pan-Asian cities
Service Residence requires minimum Staff and maintenance cost - Attractive
Not Affected much by Season - More stable occupancy Rate
Longer Lease - More Stable Income.
Successful Refinancing - with most loan due only in 2010, however about 18% is still due in 2009...A factor for concern....?
Subsidary of Capitalland - a "+" factor
Cost of Debt - 3.5%
Dividend Yield ~ 17.4%
NAV ~ $1.47 as of Dec'08
613 Million in Bank Loan

1 pt to note is they out-do their 2007 performance by 37% (Gross Profit). Current Prices as of 20-Mar is $0.41. Been on a Down-Trend since Jan 30....but STI have been trending down as well 1596

My Decision:
To be honest, I'm expecting the STI to fall when Singapore's 1st Qtr Result is announce..sometime next month. Thus, I am not too keen to go into the market to grab the Reits yet.I am Targeting a price of about $0.35, which is most likely a price I would try to queue it for...(Greedy right)...but it current prices look too good....and cheap...

Waiting....