Posts byJun Yuan

Manulife US REIT (SGX: BTOU), commonly known as MUST, focuses on investing in office properties across the US. As of 31 December 2023, its portfolio consists of 10 freehold properties with a total valuation of US$1.4 billion. Currently, its unit price has plunged by close to 90% from a peak of US$1.08 in January 2020. With interest rate cuts expected and more US companies calling employees back to the office, could this be the right time to reconsider the REIT? In this post, you will find all the key information you need about this Singapore-listed REIT, including its business operations, financial performance, distribution payouts, portfolio occupancy, and debt profile over the past 5 years…

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Keppel Pacific Oak US REIT (SGX: CMOU), commonly known as KORE, focuses on investing in office properties across the United States. Its current portfolio consists of 13 freehold office buildings and business campuses located in 8 key growth markets, valued at US$1.36 billion. Since its peak trading price of US$0.87 in 2018, the REIT’s unit price has plummeted nearly 70%, prompting the question of whether it is worth revisiting at this point. In this post, I will be covering everything you need to know about KORE, including its business operations, financial performance, distribution payouts, portfolio occupancy, and debt profile over the past 5 years…

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Prime US REIT (SGX: OXMU) focuses on investing in office properties located in major office markets across the United States. As of 30 June 2024, its portfolio consists of 13 Class A freehold office properties spread across 12 key office markets in the country. Last week, I had the privilege of meeting with the REIT’s CFO and VP of Investor Relations to gain deeper insights into the REIT. I also took the opportunity to address some of the pressing concerns raised by retail investors. In this post, I will share the key takeaways from the meeting, along with a review of its 4-year financial performance, portfolio occupancy, debt profile, and distribution payout to unitholders…

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A high interest rate environment negatively impacts REITs, as they rely heavily on borrowings to fund acquisitions and asset enhancement initiatives. Last Wednesday (18 September 2024), we have seen the US Federal Reserve embarking on the first rate cut in 4 years by 0.5%, with more cuts in the pipeline in the coming Fed meetings. With that, lower financing costs could lead to a gradual recovery in distribution payouts to unitholders. That said, not all REITs will recover at the same pace – those with a higher proportion of borrowings at floating rates are likely to benefit first. In this post, you will find 5 Singapore REITs with the highest percentage of borrowings at floating rates, along with highlights of their latest financial performance…

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The hospitality sector was among the hardest hit during the Covid-19 pandemic in 2020. Fast forward to today, with the virus now considered endemic, life has returned to normal. Many countries are reporting tourism numbers exceeding pre-pandemic levels, and the same trend can be observed in hotels and serviced residences, both in terms of occupancy and rates. For investors interested in gaining exposure to the hospitality sector, here are 5 Singapore REITs with hospitality assets you may want to have a look at…

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REITs in Singapore diversify their investments across the various property sectors, such as retail, office, industrial, data centres, and hospitality, with each of them specialising in one or more of these sectors. Today, my focus is on industrial REITs with a focus in Singapore, either in terms of revenue contribution or asset value. Here are 6 of them that meet this criterion, where you will learn about the properties in their portfolio, together with highlights of their latest financial performance, portfolio occupancy and debt profile, as well as their distribution payout to unitholders…

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For those of you who prefer to invest in REITs that have a diversified portfolio in terms of the number of countries it has properties in, here are 6 of them you can have a look at – you will find the properties they invest in, the degree of concentration they have in each geographical location, along with a review of their latest financial results, distribution payout, and also their occupancy and debt profile…

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