Maybe it's time to exit REITs... when even the best ones still have management living in the ZIRP age

Source: stanlawj/HWZ

Suntec REIT 3Q 23 business update: https://links.sgx.com/1.0.0/corporate-annou...a8abcfce235f122

MLT results: https://links.sgx.com/1.0.0/corporate-annou...6f60206415cb928

FCT results: https://links.sgx.com/1.0.0/corporate-annou...ff35fbbcdf5295d

Far East Hospitality Trust 3Q business updates: https://links.sgx.com/FileOpen/FEHT%203Q%20...t&FileID=775733

MIT reporting aftermarket.

MIT results: https://links.sgx.com/1.0.0/corporate-annou...7b18a6950d53f06

CICT 3Q business updates: https://links.sgx.com/FileOpen/CICT_3Q_2023...t&FileID=775867

ESR-Logos 3Q business updates: https://links.sgx.com/FileOpen/3Q2023%20Int...t&FileID=775865

EC World's proposed divestment has failed: https://links.sgx.com/FileOpen/ECW_Update%2...t&FileID=775875

Capitaland India Trust business update: https://links.sgx.com/FileOpen/CLINT%203Q%2...t&FileID=775921

Digital Core REIT business update: https://links.sgx.com/FileOpen/Digital%20Co...t&FileID=775916

MPACT result: https://links.sgx.com/1.0.0/corporate-annou...220606d91719619

CLCT 3Q 23 business update: https://links.sgx.com/FileOpen/20231027%20C...t&FileID=776063

This one is nearing trouble as well. Gearing ratio rose to 42.4%, average debt maturity drops to 3.5 years from 3.8 years.

This post has been edited by TOS: Oct 27 2023, 07:27 AM

CDL Hospitality Trust 3Q operational update: https://links.sgx.com/1.0.0/corporate-annou...38332f1e5ae5984

Ascendas REIT 3Q business update: https://links.sgx.com/FileOpen/CapitaLand%2...t&FileID=776123

Starhill Global REIT business update: https://links.sgx.com/FileOpen/Presentation...t&FileID=776202

These REIT managers... fee suckers... selectively withholding information...

Good news announce first, bad news pushed to as late as possible...

It's a wake-up call for investors here. See for yourself the dark side of the corporate world...

Almost all of them... REIT investors should realize the conflict of interests between REIT sponsors and REIT unitholders. The former wants to offload properties and realize one-off capital gains/for liquidity purpose. The later just wants a stable vehicle to collect rent.

Eh you quit liao ah.

I remember last time you kept boasting your 10% dividend yield when you bought at market crash.

I think that was United Hampshire haha...

But ya, I will be quitting the REIT market soon. Long-term yields are not going down anytime soon.

Capitaland Ascott Trust 3Q 23 business updates: https://links.sgx.com/FileOpen/20231030_3Q%...t&FileID=776230

Finally... Sold Ascendas REIT and Keppel DC REIT today, no more positions left in these 2 REITs.

Queuing to sell CICT, Parkway and also sell my entire stake of SATS.

If market goes red, will add the S-banks... Thought of buying VICOM, but checked the financials, FCF and OCF going down in the past few years. With COE hitting record high, business won't be good anytime soon. Micro-Mechanics, hmmm... I added 200 units a few months back, still in red but business stabilized nonetheless. Hold and see lah. Net cash position, so should be able to withstand rising interest rate environment well.

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By the way, did some maths...

https://financeformulas.net/Future-Value-of...ng-Annuity.html

Assume I can save 3k SGD a month starting from age 28 for the next 27 years till I retire at 55, with an interest rate of 3% p.a. and my savings growing at 2% p.a., I will end up with 2 million SGD at 55 years old.



So, after all, investing in oneself (i.e., a PhD and job in SG) is much better than buying all those stupid listed counters and let people suck your hard-earned money...

OUE Commercial REIT business update: https://links.sgx.com/1.0.0/corporate-annou...320f5248064262f

You should come to SG bro... we can yam cha together.

IT-related fresh grad from NTU -> 12k SGD/month

With PhD -> 15k SGD/month

Wanna meet more people... life is lonely here...

lol I am not the boss of any IT company.

Tech sector and finance sector surely got openings. I have attended recruitment talks from many banks and tech companies.

You have experience working in M'sia, should be at a more competitive positions than the inexperienced students. Employment pass 7.5k SGD/month is definitely the benchmark now (at least for NTU postdoc).

CICT leverage reaching is already 41%... There is not much room to grow... Either a private placement will come which will dilute existing retail investor's stake, or an EFR will come which adds to pressure on the ailing unit price. Either way, the bankers, consultants and bookrunners are the one collecting the fees. That's for sure.

No regrets lah. I can see income visibility with my career in SG. Don't need to stress myself over the additional 5-6% risk premium... Spend time with a girl I like is more rewarding...

Warren buffet is right. Investing in yourself beats everything else. https://www.nasdaq.com/articles/warren-buff...ithin-ourselves

This post has been edited by TOS: Oct 31 2023, 11:56 AM