With a total of 17 properties in 5 top tier cities in India (Bangalore, Chennai, Hyderabad, Mumbai, and Pune) worth a total of S$3.0 billion as at 31 December 2023, CapitaLand India Trust (SGX:CY6U) is focused on capitalising on the growing IT industry, industrial and logistics asset class, and new economy asset classes such as data centres. Yesterday (25 March 2024) morning, the business trust have released its annual report for the financial year ended 31 December 2023 (i.e., FY2023). In this post, you will find my summary of key points to take note of in the report, together with details of its upcoming annual general meeting…
An In-Depth Analysis of EC World REIT’s Q4 and FY2023 Results
EC World REIT (SGX:BWCU) is a China-based e-commerce and port logistics REIT where it currently has 6 properties in its portfolio. Trading for the REIT is currently suspended, and the management certainly have a lot of issues to iron out. As a unitholder, I continue to stay updated on the latest, and in this post, you will find my review of its latest 4th quarter and full-year financial results, portfolio occupancy, and debt profile which was posted on Tuesday evening (27 February 2024)…
CapitaLand Ascendas REIT, CapitaLand India Trust, and CapitaLand Integrated Commercial Trust’s 2H and FY2023 Results Review
Out of the 5 REITs managed by CapitaLand Investment Ltd (SGX:9CI), 3 are in my long-term investment portfolio – CapitaLand India Trust (SGX:CY6U), CapitaLand Ascendas REIT (SGX:A17U), and CapitaLand Integrated Commercial Trust (SGX:C38U). They have since released their results for the 2nd half, as well as for the full year ended 31 December 2023 (i.e., FY2023), and in this post, you will find my review of their financial performances, portfolio occupancy and debt profile, along with their distribution payout to unitholders…
My Analysis of Mapletree Industrial, Logistics, and Pan Asia Commercial Trust’s Q3 & 9M FY2023/24 Results
All 3 Mapletree REITs have since released their financial results for the 3rd quarter, as well as for the first 9 months of FY2023/24 – starting off with Mapletree Logistics Trust on 24 Jan, Mapletree Industrial Trust on 25 Jan, and then Mapletree Pan Asia Commercial Trust on 29 Jan. In this post, you will find my analysis of their latest results in terms of their financial performance, portfolio occupancy and debt profile, as well as their distribution payout to unitholders…
A Breakdown of Keppel DC REIT’s 2H and FY2023 Results
Keppel DC REIT (SGX:AJBU) is Singapore’s first pure-play data centre REIT when it was listed on 12 December 2014. Currently, its portfolio comprises a total of 23 data centre properties in 9 countries worth a total of S$3.6 billion. The data centre REIT have released its results for the full year ended 31 December 2023 (i.e., FY2023) early this morning (26 January 2024), and in this post, you will find a review of its latest financial figures, portfolio occupancy and debt profile, along with its distribution payout to unitholders…
Understanding Suntec REIT’s Latest FY2023 Results
Listed on the Singapore Exchange since 9 December 2004, Suntec REIT (SGX:T82U) is a commercial REIT where it invests primarily in retail and office properties in Singapore, Australia, and in the United Kingdom. The REIT have made available its results in FY2023 early this morning (24 January 2024), and in today’s post, you will find an in-depth review of the latest financial figures, portfolio occupancy, debt profile, and its distribution payout to unitholders…
My Analysis of Frasers Centrepoint Trust’s Q1 FY2023/24 Business Update
Frasers Centrepoint Trust (SGX:J69U) is one of the few Singapore-listed REITs that have all of its properties located in the country (making it a popular choice for investors whose preference is to invest in REITs that only invest in Singapore properties). Currently, its portfolio comprises 9 retail properties and 1 office property – all of them located in the various suburban locations in Singapore. Last evening (22 January 2024), the REIT released its business update for the 1st quarter of FY2023/24 ended 31 December 2024. In this post, you will find my analysis of its latest portfolio occupancy and debt profile numbers…
A Summary of Frasers Centrepoint Trust’s Annual Report for FY2022/23
Following the conclusion of its financial year on 30 September, Frasers Centrepoint Trust (SGX:J69U) released its annual report for the FY2022/23 this morning (22 December). In this post, you will find my summary of the report, together with details about its upcoming AGM…
The Impact of Online Shopping, Work from Home, and High Interest Rates on the Singapore REIT Industry
The first REIT was listed on the Singapore Exchange back in 2002. Since then, there are now more than 40 REITs for retail investors to choose from. These REITs are popular among retail investors for its high distribution yield (between 5-6% on average). However, the Covid-19 pandemic back in 2020 saw new habits being formed, including online shopping and working from home (which disrupted the retail and office industries respectively). Coupled with the current high interest rate environment (with interest rates set to stay higher for longer due to the stubbornly high inflation), many retail investors are concerned about the viability of REITs as an investment option to build their income portfolio. In today’s post, you can find my personal opinion on each of these concerns…
EC World REIT’s Q3 and 9M FY2023 Results: What You Need to Know
EC World REIT (SGX:BWCU) is a China-based REIT which invests in e-commerce and port logistics properties located in the country. Trading for the REIT is voluntarily suspended since end-August, and troubles are mounting with every passing month due to cashflow problems. You can read more about it in this post, together with the essential about the REIT’s latest results released last evening (07 November), particularly its latest financial performance, portfolio occupancy, and its debt profile…
