For those of you who have studied the latest results released by the REITs listed in Singapore, you will notice that apart from higher borrowing costs, for those with properties overseas, unfavourable foreign exchange as a result of a strong Singapore dollar (where the REITs report its financial figures in) is another reason for the weaker distribution payout (compared to last year.) On the latter, one of the questions asked by a number of unitholders is whether the REITs should divest the overseas properties and focus solely in Singapore. In today’s post, you will find my take on this…
My Analysis of Frasers Logistics & Commercial Trust
Initially listed as Frasers Logistics & Industrial Trust back in 20 June 2016, it was renamed to Frasers Logistics & Commercial Trust (SGX:BUOU), or FLCT for short, after its merger with Frasers Commercial Trust on 29 April 2020. As at the end of the financial year 2021/22 on 30 September 2022, the REIT’s portfolio comprised of 105 industrial and commercial properties worth approximately S$6.7 billion across 5 major developed markets. Apart from learning more about the REIT’s investments, you will also learn about its financial performances, portfolio occupancy and debt profile, as well as distribution payouts to unitholders over the last 4 financial years, as well as in the 1st half of the current financial year 2022/23…
Impact of High Interest Rate Environment on REITs. Are They a Sell?
One of the questions I’m asked by many, in light of the current high interest rate environment, and distribution payouts being negatively impacted, is whether they should divest their investments in the REITs they have. No doubt distribution payout in the near-term is going to be weaker compared to last year, but are they really a sell? The best way for me to explain this is to show you a quick evaluation on the things I look at when I study a REIT’s latest quarter results/business update, which you can find in today’s post…
7 Different Types of Assets Owned by REITs
REITs, which is the short form for Real Estate Investment Trust, are popular among retail investors due to its relatively high dividend yield (most of them above 4.0%), along with its regular payout frequency (either quarterly, or half yearly). One of the most common questions asked by those who are new to REITs is, what do they invest in, and how they derive their income? In today’s post, you will learn about the 7 different types of assets which the REITs listed on the Singapore Exchange invest in…
3 Things You Need to Keep in Mind when Building Your REIT Investment Portfolio
I totally understand the amount of work required when you are just starting out to build your REIT investment portfolio, but please do not let this deter you from starting out on this journey. For those of you who are just getting started (congratulations for making the decision to do so), here are 3 things you need to keep in mind – they are based on my personal experiences and I hope you will find the advices presented within useful…
‘Building Your REIT-irement Portfolio’ Authored by Lim Jun Yuan is Finally Here!
After months of hard work to first brainstorm about the content, write it, proofreading it countless of times, and finally putting it to print, I’m happy to announce the official launch of my first book – ‘Building Your REIT-irement Portfolio’. As the title suggests, it contains everything you need to know to building your very own REIT portfolio, with income for distribution able to either supplement your active income, provide for your ‘wants’, more savings, or for your day-to-day expenditure when you retire. You can find out more about the book, and grab a copy of it (ebook or physical book) here…
EC World REIT’s EGM on 07 September 2023: Key Highlights to Take Note
This morning (07 September 2023), EC World REIT (SGX:BWCU) held its EGM to seek unitholders’ approval on the Supplementary Agreement in respect of the Proposed Divestment (including the Long-Stop Date). I have attended the meeting in-person to seek the management’s update, and it was good to see the Chairman, Mr Zhang Guobiao, flying in from China to attend the meeting. He also provided an outlook, to which you can find a summary of, along with CEO Mr Goh Toh Sim’s presentation, responses provided by the management on questions raised by fellow EGM attendees, as well as results of the one resolution put to vote during the meeting…
EC World REIT – Responses to Clarifications Sought on its Q2 and 1H FY2023 Results
Following EC World REIT’s (SGX:BWCU) release of its Q2 and 1H FY2023 results on 11 August 2023, I have raised 4 questions for the REIT’s management – 2 on its portfolio occupancy profile, and 2 on its debt profile. In this post, you will find their responses, which I am sharing in this post with fellow unitholders of the REIT…
EC World REIT’s EGM on 07 September 2023 – What You Need to Know
EC World REIT (SGX:BWCU) will be holding an EGM on Thursday, 07 September 2023, to seek unitholders’ approval on the supplementary agreement in respect of the proposed divestment of the 2 properties to raise funds required to prepay 25.0% of its borrowings. In this post, you will find my summary of the most important pointers in the circular to unitholders to take note of…
7 Singapore-REITs that Reported an Increase in Distribution Payout
At the time of writing, most of the REITs have already released its quarterly results or business updates for the quarter ended 30 June 2023. As a result of higher borrowing costs due to the current rising interest rate environment, most of them reported a weaker distribution payout to unitholders compared to last year. However, there are 7 REITs that bucked the trend and saw their distribution payout to unitholders recording an increase. Find out what these REITs are in this post…
