if "no rate hike" mood continues, they should continue to rise.

suntec and capitamall are tradeable reits to me as there are big and liquid.

they are the only two i trade 1-2 times a year.

hope gains are still decent ex-dividend!

what is the other REITs that you suggest? thanks

Choose from the below that Moody's has NOT commented upon. I've always based my opinions on reports like these. Before Moody's came out with the report below, I have earlier commented on being more careful with excess supply coming onboard the Industrial REITs sub-sector soon :-

Announcement: Moody's: Stable outlook for S-REITs reflects strong EBITDA growth, despite challenges
Global Credit Research - 07 Oct 2015

Singapore, October 07, 2015 -- Moody's Investors Service says that its outlook for the Singapore real estate investment trust (S-REIT) industry is stable over the next 12-18 months. The stable outlook reflects Moody's expectation that the sector's larger asset base — driven by new acquisitions and the completion of asset enhancement initiatives during 2014-2015 — will result in a 6%-9% growth in aggregate annual EBITDA for the 19 S-REITs that Moody's rates.

"Over the next 12-18 months, we expect overall occupancy and rental rates for most property segments to be under pressure, because of ample supply and soft demand," says Jacintha Poh, a Moody's Assistant Vice President and Analyst.

"As for the 19 S-REITs that Moody's rates, their well-staggered lease expiry profiles and proactive lease management approach in securing rentals in advance of tenancy expiry will limit the negative impact on EBITDA of lower occupancy and rental rates," adds Poh.

Moody's analysis is contained in its just-released report titled "Real Estate Investment Trusts — Singapore: Strong EBITDA Growth Supports Stable Outlook Despite Challenges," and is authored by Poh.

Moody's report says that CapitaLand Commercial Trust (A3 stable), Keppel REIT (Baa2 stable) and OUE Commercial Real Estate Investment Trust (Ba1 stable) are the most exposed to the lower demand and higher supply levels for office space in the central business district (CBD), because two-thirds of their portfolio comprise CBD office space.

Nevertheless, these three S-REITs will benefit from their track record of active lease management and portfolio of quality assets, because tenants tend to choose quality assets when rental rates fall.

On retail space, Moody's report says demand for such properties will remain weak in 2016, as retailers grapple with soft consumer demand levels, higher operating costs, a tight labor market, and increasing competition from online retailers.

Hotel revenues will fall on lower tourist arrivals to Singapore and competition from new hotels. Mid-tier and upscale hotels will be the worst affected, because of the supply concentration in these segments. Consequently, of the hospitality S-REITs that Moody's rates, Far East Hospitality Trust (Baa2 stable) and OUE Hospitality Real Estate Investment Trust (Ba1 stable) will see the greatest pressure on their EBITDA levels.

As for industrial property, the new supply of business parks and warehousing space will outpace demand growth. Rental rates for business parks will be more resilient than that of warehousing space, given the higher proportion of pre-committed leases and the easing of new supply additions from 2017.

Overall, Moody's stable outlook for the S-REIT sector is based on the industry's staggered debt maturity profile, low refinancing obligations over the next 12-18 months, and high proportion of fixed-rate debt.

Moody's has maintained a stable outlook for the S-REIT industry since July 2010.

The 19 S-REITs that Moody's rates are Ascendas Real Estate Investment Trust (A3 stable), Ascott Residence Trust (Baa3 stable), Cache Logistics Trust (Baa3 stable), CapitaLand Commercial Trust (A3 stable), CapitaLand Mall Trust (A2 stable), Far East Hospitality Trust (Baa2 stable), Frasers Centrepoint Trust (Baa1 positive), Frasers Commercial Trust (Baa3 stable), Frasers Hospitality Trust (Baa2 stable), Keppel REIT (Baa2 stable), Lippo Malls Indonesia Retail Trust (Baa3 stable), Mapletree Commercial Trust (Baa1 stable), Mapletree Greater China Commercial Trust (Baa1 stable), Mapletree Logistics Trust (Baa1 stable), OUE Commercial Real Estate Investment Trust (Ba1 stable), OUE Hospitality Real Estate Investment Trust (Ba1 stable), Parkway Life REIT (Baa2 stable), Saizen REIT (Ba3 stable), and Suntec Real Estate Investment Trust (Baa2 stable).

Good luck...

every report from every ib been saying industrial has excess space for at least a couple of years!

i dunno about the other industrials but the two i hv - aims and soilbuild biz - still having cap gains and stable 8% yield for 2 yrs now.

of course, need to be mindful if more serious events develop...

You want those REITS which doesn't increase in price when STI increase ~170 points (6%) from 2770 to 2940 in a matter of 4 days ?

Only 1-2 times a year ? That is not trading

reits cannot trade like normal, need to collect dividend, very impt.


see how suntec went from 1.47 to 1.59 in 1 week?!

capitamall took 2 weeks to go from 1.87 to 1.97 - lagging, should move up soon, i hope!

these two are big, liquid and fairly volatile.

hence, i see them as "tradeable".

You dare to sell now ?

They could go up for another $0.10-$0.15 in 1 week's time for all you know...

Yes, it's a very good tactic - trading REITs. If price appreciates, we sell and get cap gains. If price does not appreciate, we wait for price to appreciate and while waiting, we get dividend.

However, my mindset is always on buying and keeping for dividend, hence I said about other REITs which don't move too much.

Bro,.. I have not referred, but I don't think you can get such volatility in REITs that often.

oh no, not selling... yet.

at least ex div which should be end oct.

and yes, hopefully +10-20 cents more.



looks like easing is on, weaker sgd... better liquidity...?

or just earnings/div season?

If my memory serves me correctly, I believed I started hearing about excess industrial floor space coming into Sgp in end-2012 and beginning-2013 when the Urban REdevelopment Authority (URA) released its report. I recalled the prices of Industrial REITs have been trending down since 2013,...

I believed this should happen to AIMs too. I wouldn't be surprised if the DPU has gone down too bwteen 2013 and 2014 due to more vacant spaces. AIMS has warehouse space largely as its assets, hence it should be affected. A stable yield could be because of dropping REIT price and dropping DPU at the same time, creating the same ratio again.

Whereas for Soilbuild,... it IPO'ed later than AIMS. It would have anticipated on the increasing warehouse glut in the mkt. It has Business Parks and not only warehouses. I would say Soilbuild is more resilient, but still I would stay away from Soilbuild.

The glut is supposed to hit Sgp next year and into 2017.

MAS ann't on next Wednesday morning. Anticipated to be easing on the strength of the SGD, because interest rate is going up. A weaker SGD caters well for liquidity when interest rate is higher - Singapore context.

Was referring to those Reits you said which have not appreciated while STI increased 6% in 4 days

We shall see the reasons. The analysts will always conjured up the reasons after the event

I think is overall sentiment around the world

whatever the reason(s), i am pleased with what i added recently.

i had used usd cross rate to buy last 2 weeks at 1.43.

buying today would cost me more usd and at higher prices.

rm strengthening today... think it's still playing out, may be shortlived...

PHEW*

Managed to get my rights subscription for Croeseus!

Thanks to those who pointed out the issue with rights for SG stocks. My broker managed to handle it for me. Otherwise was looking at big haircut!

fed minutes point to much delay in rate hike, doesn't look like happening for some months as least.

commodity and stock prices rise while usd drop.

nice to see continued rally in sgreits.

enjoy while it lasts!

Boss, I thought bro elea said you don't need to do anything and SGX will sell the rights for you and you will get the money back ?

i thought 61 cents is a a good deal. Wonder what the adjusted price will be?

Anyone bought anything last few days? they are all green! Look at Noble! Was 0.39 yesterday!