REading all these, bros,... glad I made a strong decision to divest Sabana REIT many yrs ago when I saw 'signs',.... It was a hard decision,.. dpu was good, paid 4 times a year,...

Sometimes, investing is hard and who said no need to monitor our investments when it's REITs ??????

Yesterday,... I cutloss on Paragon REIT !!!!!!!!

FLCT to acquire properties in Germany from its sponsor: https://links.sgx.com/1.0.0/corporate-annou...9d165789fa7b16d

Interestingly, sponsor's announcement document will tell you they intend to deleverage... https://links.sgx.com/FileOpen/FPL%20Announ...t&FileID=792002

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KIT explains the discrepancy between its unaudited and audited financial statements for FY 2023: https://links.sgx.com/FileOpen/KIT%20-%20SG...t&FileID=791989

More lawsuits and fighting going on at Dasin:

https://links.sgx.com/FileOpen/DASINRT-Anno...t&FileID=792197

https://links.sgx.com/FileOpen/DASINRT-Anno...t&FileID=792196

yeap. i tot buy 1 time. no need see. Reits collect rental only.. but still need monitoring work.

When open portfolio red colour

FHT was given ROFR on Capri by Fraser, Changi City by Frasers Property but manager decided not to exercise it.

"The Managers have considered the opportunity and is of the view that acquiring the Property does not meet FH-REIT’s prevailing investment strategy."

https://links.sgx.com/FileOpen/FHT_Announce...t&FileID=792454

Sabana's trustee update: https://links.sgx.com/FileOpen/Trustee%20Up...t&FileID=792861

SGIC is still fighting with the trustee...

https://links.sgx.com/FileOpen/Trustee%20St...t&FileID=793123

More EGM comings...

https://links.sgx.com/FileOpen/Requisition%...t&FileID=793137

EC World REIT's updates... AGM delayed again...

https://links.sgx.com/FileOpen/ECW_Ann_Appl...t&FileID=793139

Back in SG!

Digital Core REIT to acquire an additional 10% interest in a Osaka data center.

https://links.sgx.com/FileOpen/Digital%20Co...t&FileID=793923

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Keppel and KIT to amend and extend Keppel Merlimau Cogen contract by another 10 years.

https://links.sgx.com/FileOpen/20240401_MRE...t&FileID=793889

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Keppel REIT to acquire 50% of a Sydney office.

https://links.sgx.com/1.0.0/corporate-annou...c38ba6f63f23008

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Updates from EC World.

https://links.sgx.com/FileOpen/ECW_Ann_Upda...t&FileID=793829

Finally, truce between ESR and Quarz...

https://links.sgx.com/FileOpen/Quarz%20Stat...t&FileID=794895

ESR's own statement: https://links.sgx.com/FileOpen/ESR%20Letter...t&FileID=795121

Sabana's drama continues: https://links.sgx.com/FileOpen/Letter%20fro...t&FileID=796049

This letter highlights an important issue. Retail REIT holders should READ the trust deeds carefully. Usually the sponsor will hold a large stake in the REIT, thus rendering the amendments of trust deed that are against the interest of the sponsor next to impossible (e.g. internalization of REIT manager).

Quarz and others probably realized that too late and now seek to use "non-democratic" rules to bypass ESR's majority control of Sabana, angering other unitholders...

Well, I think the sponsor is the one that laughs the way till the end... Glad that I listen to dwRK's advice and exit all REIT positions early. There's just too much conflicts of interests in the REIT model in Singapore. In theory if the sponsor wanna bully us minorities/retail unitholders, even you call for AGM or EGM will also be useless since majority votes stay with the sponsors and their affiliates.

The activist shareholder landscape in SG still has a long way to go.

This post has been edited by TOS: Apr 15 2024, 08:01 AM

Dasin is in shitty conditions: https://links.sgx.com/FileOpen/DASINRT-Rece...t&FileID=796403

Maybank SG sent letter of demands, ready to take over its properties in China... unless payments are made.

Elite Commercial expands its investment mandate to include social housing, student accommodation and other so-called "defensive assets": https://links.sgx.com/1.0.0/corporate-annou...8616191ced24b5d

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For Sabana's side, EGM will be held but not on the same day as the AGM: https://links.sgx.com/FileOpen/Sabana%20Ind...t&FileID=796526

SGX/S-REITs earnings season begins! First off:

Sabana REIT: https://links.sgx.com/FileOpen/Sabana_%201Q...t&FileID=796594

Keppel DC REIT sold Australia assets in to deleverage: https://links.sgx.com/1.0.0/corporate-annou...ee3b50ef2b8f4cf

Good morning TOS, managed to settle my ikbr. I know it ain't good asking for trading advise but I'm relatively new to Singapore stock exchange scene but I want to move my assets from Malaysia seeing how unstable it is.

Which sreit should I start with? Something stable and exposed to hotels? Or should I reconsider being exposed to tourism.

Then you need to read up and make a discussion rather asking for help.

If possible, don't touch REITs at all. Just stick to the S-banks will do. Too many conflict of interests in REITs.

If you really feel itchy, stick to REITs with good sponsors like those Temasek-linked ones, e.g. Capitaland and Mapletree. These are usually large-cap REITs. Banks usually refinance Temasek-linked REITs easily... it's not a fair world out there.

Sector-wise, hospitality/hotels are very cyclical and precisely the opposite of what you want: stability.

Most stable: healthcare/industrial/infrastructure, followed by data center, commercial, retail, and finally hospitality.

Good ones include: Parkway LIFE REIT (healthcare), Ascendas REIT (logistics/data center), Mapletree Industrial/Logistics Trust (logistics and data center), CICT (retail and commercial).

Hope that helps.

This post has been edited by TOS: Apr 16 2024, 10:17 AM