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S-REIT Investment Blog by Jc.education.sg - 2w ago
Just a bump to all who are still considering to go for the REIT Symposium 2019. Do sign up if you are seriously considering to earn a passive income.

I started with an annual passive income of $400 only in 2007 and now I am enjoying an annual passive income of $45,000 ($3,800 a month). It is as good as there is another person working for the family.

Here is the link if you need it. And when you key in my promo-code "sreitinvestmentblog", you will receive a mystery gift from them.

$15 option – http://www.shareinvestor.com//sg/events/signup?id=1393

$24 option with Carpark Coupon – http://www.shareinvestor.com//sg/events/signup?id=1394



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***This is a sponsored post. And this is probably the first time you see such a post here :-)***

I would like to share an upcoming REITs Symposium where we can get to learn and know more about REITs directly from the people in the industry.

Date:18th May 2019, Saturday

Time: 9am to 6pm

Venue: Sands Expo and Convention Centre, Level 4, Roselle Simpor Ballroom

Price: As below.

Just some more info for you to know what to expect.

- Guest of Honor will be Mr Loh Boon Chye, CEO of SGX

- More than 75% SREITs will be present

- Face time with the REITs managers

- Panel discussions where attendees can post their questions online

- A feature which focused on REITs 101 – educating beginner investors to kick start investing in this asset class such as how to evaluate the metrics of a REIT.

BONUS: When you key in my promo-code "sreitinvestmentblog", you will receive a mystery gift from them. And it is only for the first 30 sign-ups.

So here is the link and the price.

$24 option with Carpark Coupon – http://www.shareinvestor.com//sg/events/signup?id=1394



Enjoy.
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Current Price on 7th Apr 2019 = $0.865
  • Yield = 8.46%  
  • Price-to-book Ratio = 0.554
  • Assets per unit = $3.005
  • Debt per unit = $1.443 (including current liabilities)
  • Gearing = 48.0%
Three months have passed since I look at Dasin Retail Trust and here we see it again.

The price has not changed much but I have collected a dividend of $4,600 which is very good for me. With the current yield of 8.46%, I am expecting to collect another $4,200 in August/September period which is fantastic for me. It's price-to-book ratio also suggest that we are buying at a big discount. Gearing is at a high of 48% so need to watch out.

With the current Hyflux problems, I have come to realize that the valuation can be misleading and unreal since Hyflux gives such a big writedown in their assets. I am wondering how valuation companies do their valuation and whether it is reliable. So far, I have relied on them to make my investment decisions but I am starting to question.

Nevertheless, I am still holding on to 120,000 shares which I am thankful for as I got it at a relatively cheap price. Will continue to hold on.

Before you go, I would like to share an upcoming REITs Symposium where we can get to learn and know more about REITs directly from the people in the industry.

Date:18th May 2019, Saturday
Time: 9am to 6pm
Venue: Sands Expo and Convention Centre, Level 4, Roselle Simpor Ballroom
Price: As below.

BONUS: When you key in my promo-code "sreitinvestmentblog", you will receive a mystery gift from them. And it is only for the first 30 sign-ups.

So here is the link and the price.

$24 option with Carpark Coupon – http://www.shareinvestor.com//sg/events/signup?id=1394

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Current Price on 26th March 2019 = $0.675
  • Yield = 5.93%  
  • Price-to-book Ratio = 0.775
  • Assets per unit = $1.417
  • Debt per unit = $0.546 (including current liabilities and perp securities)
  • Gearing = 38.5%
  • Secured NAV = $0.871 (129% of trading price)
Far East Hospitality Trust has risen by quite a bit this year at $0.675. I am vested with about 104,000 shares (I took scrip dividend) worth about $70,000. Let's take a look at the statistics.

With a yield of 5.93%, it seems very low now compared even to its peers like CDL H-Trust, OUE Hospitality Trust, Fraser Hospitality Trust etc. But its price-to-book ratio is at 0.775 which means we are buying at a 23% discount to its valuation. It is ranked the best among its peers. Gearing is at 38.5% and because all its debts are unsecured, we have a secured NAV of $0.871 which is 129% of its trading price.

I do find it very strange because it is the lowest yielding hospitality REIT and yet its price is moving up. Frankly speaking, it no longers fits into my criteria of at least 8% yield by a large margin and I have been pondering for a while whether to sell it off. What is holding me back is its price-to-book ratio and its secured NAV. Its secured NAV is the highest among the REITs in SGX.

There are a lot of reports which upgrade its target price to 70 cents and 75 cents which is very high. Probably its stability contributes to its current trading yield but I am not so sure. Looking around to see whether there are better REITs which offer higher yield with similar metrics.
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***This is a sponsored post. And this is probably the first time you see such a post here :-)***
I would like to share an upcoming REITs Symposium where we can get to learn and know more about REITs directly from the people in the industry.
Date:18th May 2019, Saturday
Time: 9am to 6pm
Venue: Sands Expo and Convention Centre, Level 4, Roselle Simpor Ballroom
Price: As below.
Just some more info for you to know what to expect.
- Guest of Honor will be Mr Loh Boon Chye, CEO of SGX
- More than 75% SREITs will be present
- Face time with the REITs managers
- Panel discussions where attendees can post their questions online
- A feature which focused on REITs 101 – educating beginner investors to kick start investing in this asset class such as how to evaluate the metrics of a REIT.
BONUS: When you key in my promo-code "sreitinvestmentblog", you will receive a mystery gift from them. And it is only for the first 30 sign-ups.
So here is the link and the price.
$15 option – http://www.shareinvestor.com//sg/events/signup?id=1393
$24 option with Carpark Coupon – http://www.shareinvestor.com//sg/events/signup?id=1394
Enjoy.
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Current Price on 20th March 2019 = $0.72
  • Yield = 9.84%  
  • Price-to-book Ratio = 0.797
  • Assets per unit = $1.488
  • Debt per unit = $0.584 (including current liabilities and perp securities)
  • Gearing = 39.3%
Sasseur REIT is my latest buy (which I have posted earlier.) During that time, I figured out that it is worth a buy and I have to admit not buying my usual amount of shares. Nevertheless, still grateful for the increase in price and the dividends collected. Let's take a look at the statistics.

With 9.84%, it is the one with the highest yield currently. With its price-to-book ratio at 0.797, we are buying at about 20% discount to their valuation which is also attractive. Gearing is at a safe close to 40% but need to watch this.

REITs with China properties are giving high yield with discounts to NAV for us to invest and Sasseur REIT has really performed well since this year. I am holding on to 60,000 shares but will be holding on long term as long as they are able to provide me with a steady stream of income.
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Current Price on 20th March 2019 = $0.128
  • Yield = 7.81%  
  • Price-to-book Ratio = 0.658
  • Assets per unit = $0.196
  • Debt per unit = $0.001 (including current liabilities and perp securities)
  • Gearing = 0.4%
  • Secured NAV = $0.196 (104% of trading price)
Global Investment Limited has been trading quite steadily at around $0.128. I am vested with over 500,000 shares so naturally I will watch it closely. Let's take a look at the statistics.

Yield is currently at 7.81% which is decent actually although there are REITs which gives higher yield. This is of course pales from the earlier days where it gives 11% yield. It's price-to-book ratio is 0.658 which means we are getting at 35% discount to its net asset value. Because it has no debt, all their assets are considered secured.

I have read public reports that says that China debts are defaulting by quite a lot so their exposure to China domestic debt is quite a concern even though it is rated at AAA. They have $55 million invested in it which is about 15% of their NAV. Therefore if it is wiped out, its NAV will reduce by 15% only.

They have also commence share buy back which shows that the management thinks that their shares are very much undervalued that buying back shares is considered a good investment. This is good for shareholders because our holdings will increase because the denominator aka total number of shares are decreasing.

Overall, I think it is quite stable and fairly valued. I will be just holding it to collect dividends which they would generate every half a year.
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2019 started off very well as my portfolio recovered partially. Not in all but it has consoled my heart. Here are some of the updates.

Asian Pay Television Trust

I have a residual portfolio of 32,000 shares which I sold it earlier this year at $0.127. I know that it has recovered but I was looking at the statistics and I don't think there is any reason for it to go up. Thus, I sold it off and look for other opportunities.

Sasseur REIT

Looking at the statistics of Sasseur REIT and the recent drop in price, it has become attractive that I actually bought 60,000 shares at $0.64. Thus it is worth about $38,000. The reason is that it is trading at an attractive rate of 9.6% yield and it is also trading at the discount to its NAV. Currently, it is the highest yielding REIT which is still trading below NAV, especially most of other REITs have rallied and thus it is less attractive.

Overall Portfolio

With that, my current portfolio is giving me about $3,800 dividends every month on average. It seems that I have an additional person working and contributing to the family and it helps to pay off a lot of my bills. I have included my car loan and my renovation loan into the calculations which isn't necessary as it is not part of the investment portfolio. Just to include and see how it works out for me.

Lastly, have a blessed new year to all readers.


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Current Price on 21st Jan 2019 = $0.605
  • Yield = 9.59%  
  • Price-to-book Ratio = 0.961
  • Assets per unit = $1.176
  • Debt per unit = $0.547 (including current liabilities and perp securities)
  • Gearing = 46.5%
  • Secured NAV = $0.629 (104% of trading price)
Soilbuild REIT has published their results which has given me pleasant surprises. Let's take a look at the statistics.

The yield has increased to 9.59% which is very high, probably the highest in the market right now. Moreover, their price to book ratio is at 0.961 which means we are still buying at a discount although it is a small one. Gearing is at a high of 46.5% only because I have placed perpetual securities under debts instead of equity. It is still high so the risk is there.

It is a pleasant surprise because it is not easy to get such a yield now with reasonable margin of safety aka trading at discount to NAV. I am already holding on to 100,000 shares here, getting myself $1,450 as dividends in this cycle. I think it is great and I am considering adding more into my current portfolio.
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Current Price on 13th Jan 2019 = $0.405
  • Yield = 9.38%  
  • Price-to-book Ratio = 0.689
  • Assets per unit = $0.962
  • Debt per unit = $0.374 (including current liabilities)
  • Gearing = 38.9%
  • Secured NAV = $0.255 (68% of trading price
Sabana REIT is one of my key investments despite all the negative media reports which they attract. It helps to push the price down and lowered my entry price which I thought was good. Here is the analysis.

With a yield of 9.38%, it is one of the highest yielding REIT in SGX. Probably Sasseur REIT has a higher yield. LippoMalls Indonesia REIT's yield has dropped with the recent rally back to their previous price and is now lower than Sabana REIT. Their price-to-book ratio is 0.689 which means we are buying at more than 30% discount to NAV. Gearing is at a pretty healthy state of 38.9%.

With the recent change in CEO and him addressing the media, getting the lease in so that our revenue improves, I just thought that it could only get better. With higher yield, their price should go up to a level for small REITs which is around 8.5%.

I am holding on to about 160,000 shares, giving me a good yield of about $500 per month (aka $1500 per quarter). Not bad. It is substantial enough to pay some of my bills. With the recent outlook, there is room to hold on to these shares.
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