Prime and UtdHamp price now are lower than March/April 2020

Always ask yourself any change in fundamentals? How's the occupancy? How's their debts?

For me I got better fish to catch hence I already abandon my sreits. Those there I just keep. Won't add more. Won't sell. Just hold.

Before you ask, what am I collecting, they are US counters and here's the answe.
BlackRock, visa. Microsoft, Google, Adobe. Brookfield infrastructure, Canadian national railway, AMD, Tesla (not listed in any orders)

.. and of all the REITs, Lippo shown in one of them pix having the highest gearing ratio..
Lippo and the Riadys, been there (long time back), done with that XD
IMHO, second to Eagle Hospitality Trust. Thank gawd avoided that bullet

sorry gold bro, no idea as i don't follow FLCT.
if no fundamental issues, must be animal spiritis aka crazy market throwing out baby with bath water.

So you can pick up more? My guess is their Europe component. AK picked up some.

Majority of its properties are in Australia and Europe.
A$ is dropping vs SGD, even worst than MYR,
While Europe,  as we know there are plenty of economy problems.

Shipping rate already seen drastic down turn. From port congestion just early this year, now container ships brace for empty vessel, so this may affect logistic demand going forward.

Borrowing cost escalates quickly, that may affect floating rate borrowing as well as affecting tenants businesses going forward aka demand for warehouses.
There are news of a number of big international corporate name may undergo retrenchment.

Headwind is ahead, investors are cautious on the impact of DPU going forward.

Having said that, yield is getting attractive when price keep on sliding.

Hedged debt give room for relief, but hedging is not forever, most reit debts even at fixed rate or full hedged, are not likely to go more than 3-5 years.
Reit debt is not the same with personal property fixed rate loan.
Reit debt generally is shorter and rely on refinancing from time to time.

So high borrowing cost eventually will happen, what matter is lease income should be also go up in tandem with inflation. Then effect of high borrowing cost will be neutralized.

Bro,... Ara has been hammered down into the drain by the pandemic lockdowns. Now,.. int rate rise attacking it,... I think,... no need to talk abt Ara anymore.

Emm,... I think Manulife US REIT will bear the brunt of the other 4 US-based REITs. Look at KORE's results yesterday,... big fall in distributable income. This is a sign already.

Which platform, bro ? How do you mean lost ?

Daiwa House Logistics Trust 3Q business update: https://links.sgx.com/1.0.0/corporate-annou...49aff2c5c079080

United Hampshire US REIT 3Q business and operational updates: https://links.sgx.com/1.0.0/corporate-annou...94df6e76ab66cf8

Hi bro,...

For myself,... I won't add more yet,... 2 reasons :-
1) For anchor tenants, rental increase can only take place every 5 or 10 years. Anchor tenants are the big contributing tenants.
2) Gearing at 41.2%.
3) The US will be the first ctry that will face a Recession if it does happen.
4) Big rate hikes will certainly hammer onto the borrowing cost.

I suspect the price will drop more moving fwd,....

UtdH may face as not many challenge like Manulife in term of tenant issue, but its high gearing is a concern.

US interest rate rise from 0.25% to now 4%, so those unfixed debt interest rise may impact DPU in the future, so does when the needs of refinancing time.

USD debt now face more rise in term of interest rate compared to others due to steep raised by Fed, which is projected another 0.5% rise in next month, taking it to 4.5%.

Frankly,.. bro, I don't believe these sensitivity analysis. Firstly,... the analysis is only for the floating rate loans, and this effect will be negated as more refinancing of the fixed-rate loans become due. Secondly, wouldn't you think the 'debt/loan movements' are too dynamic to allow for a calculation like this ?

I don'r know how to count using the sensitivity analysis.

So from 0.25% to 4.5%, it is 400+ bps
This impact is only for unfixed debt?

How about when debt matured and need to refinancing those fixed debt?

Because soon or later, debt needs to be refinanced.

EC World REIT results: https://links.sgx.com/1.0.0/corporate-annou...5b1d5a9721feb9e

IREIT Global results: https://links.sgx.com/FileOpen/IREIT%203Q20...t&FileID=738057

LMIRT results: https://links.sgx.com/1.0.0/corporate-annou...703bbd51b8f864b

Ya, you can write to them. But no guarantee they will show you the results.

I once wrote to Keppel DC REIT to ask for publishing of results briefing with analysts. The IR team replied me they will consider. Until today I can't find any results briefing video on the official website. https://www.keppeldcreit.com/en/investor-re...ancial-results/

Usually business updates won't show much info, or the management may want to conceal bad-looking numbers. CICT didn't show rental reversion numbers during April 2021's business update, for example: https://investor.cict.com.sg/newsroom/20210...JG4S2J2UB.1.pdf

In respect of the obligation of the Sponsor to ensure that the Mandatory Repayment is made by 31
December 2022, the Board of the Manager (the “Board”) is of the view that the Sponsor has sufficient
financial resources to meet its obligations under the Offshore Undertaking and the Onshore
Undertaking by ensuring that the Mandatory Repayment is made by 31 December 2022. This is based
on the management’s review of latest audited financial statements of the Sponsor and written
confirmation from the Sponsor that the Sponsor is able to fulfil its undertakings to the existing lenders
of ECW that the Sponsor will ensure ECW to repay Mandatory Repayment by 31 December 2022.