No problem for me as i reinvest all my dividends so no need to transfer out to dbs acct.

Even tax free not renew will continue to invest in sgx, maybe more in stocks rather than reits. The 2020 time limit onky affects reit.

This post has been edited by gark: Feb 26 2017, 12:16 PM

For nominee account, you can attend agm. Before the agm, just contact your trading rep to fill in a proxy form for you and submit. Then you can attend the agm as shareholder.

The shares held inside a nominee account is kept in a seperate benefit account and not lumped together. Unless you give permission, the broker cannot touch or misuse it. Eveb if the brokerage company bankrupt, debtors cannot touch those assets by law.

Most reit gives dividend 2 to 4 times per year. Timing will not matter if you plan to hold long term. If you want dividend, you must hold the share before until exdate.

I mostly buy whenever there is value and hunt mostly after ex dividend.

Announcement date - date divvy is announced
Ex date - date divvy is distributed ( share no longer have divvy)
Payment date - date divvy is paid to your accounts

That is the basic of dividend dates.

If you buy before ex date and keep until ex date - you are entitled to dividend.

If you sell before exdate, you dont get divvy.
If you buy on exdate or after that, you dont get divvy.

Did an in depth review of viva vs soilbuild a couple weeks back in this thread. You can search the thread.

Just be aware that they have rental support which is going to expire in 2018/2019.

*vested*

Already PM you the contact.

This post has been edited by gark: Mar 4 2017, 05:34 PM

Jackson Square is under rental support and is expected to be 75% occupied. Location is not really that good, so we expect some negative reversion. Also it is classified under light industrial and not BP. Impact to revenue after the rental support guarantee expire will be around 30-35%. Jackson Sq contributes about 6% of total income.

UEB Bizhub, got more potential, with 89% occupied and further occupancy once the MRT line is completed with some fair rental reversion. I would expect impact to revenue to be very small, maybe around 5-10%. UEB Bizhub contributes about 30% income.

However the Bizhub hotel will not do as well once the rental guarantee expires, similar to hotel occupancy in singapore, we expect the occupancy will be lower at 70-80% vs 99.5% with rental support. This will likely reduce the income by 25%-30%. The hotel contributes about 13% income.

For viva BP, current occupation is at 73%, and after the latest AEI, we expect the rental to go up as the current rental is too low for a pure BP. Also occupancy should be moving up and the white space should generate more income. We expect the rental income will increase by 10%-20%. VBP contributes about 29% income.

Jackson design hub is also under master lease, and would be expiring soon, but the impact should not be too big at maybe 5%-10%. JDH contributes 3% of income.

Taken as an aggregate, for worse case scenario, the impact on loss of income will be -2% from JS, -2% from Bizhub, -3.5% from Hotel, +4.3% from VBP and -0.2% from JDH. Weighted average potential reduction on revenue and income will be around 3% and 7% respectively.

Also to note that VBP land lease is expiring in 15 years, Jackson square in 12.6 years and 30 pioneer road at 20.4 years. We have to take into account at worst case scenario, after the expiry of the land lease we expect no more income for these properties. So the NET decay rate for property will be 6.6%, 7.9% and 5%. These property represents 40% of the total properties, so the decay rate will be around 2.8% net.

I think the price now is fair value, but I would not take anything less than 9% from the potential income reduction after rental support ends and the high decay value of 2.8% (which is consider capital return).

The above is my opinion only, and am not responsible for your gains or losses. I am vested in Viva.

I would keep AIMS... and mapletree.

For me I rather wait and buy lower.. reason the extra % of divvy will work out better in the longer term.

Don't like to see a RED counter in my portfolio (although covered by divvy).

This post has been edited by gark: Mar 7 2017, 10:45 AM

Sooner or later they do... and occasionally they selldown..

Just that you have to hunt wider and not restrict yourself to certain stocks.

I am waiting for Creosus at 0.80-0.83 and Fraser Logis at 0.89-0.925 (almost get it 2 days ago, during selldown)

Might get.. might not.

No guarantee yah!

This post has been edited by gark: Mar 7 2017, 11:10 AM

Spend less, invest more.. and one day you will find that you can save >100% of your working salary.

Rights issue is always negative sentiments for REITs..

Ascott just did rights issue in 2015.. so fast..

This post has been edited by gark: Mar 7 2017, 05:34 PM

You can buy the REITs with the same ratio as above yourself, save management fee, save taxes. No need buy the ETF

This post has been edited by gark: Mar 7 2017, 07:13 PM

Not yet.. yield is not interesting enough yet...

The details will be in the prospectus, under theoretical ex rights price.

Got read?

Anyway summary here.. (calculation will change depending on price)
Closing price : $1.17
Rights Price : $0.919 (21.45% discount)
Theoretical Price ex rights : $1.114

Dilution 29 rights for every 100 shares.

Gearing reduce from 40% to 37%

DPU per unit will reduce from 8.27 to 7.27 and post deal will be 7.43

Notes.

Deal is DPU accreditive IF you subscribe
Your DPU will be diluted IF you do not subscribe.

This post has been edited by gark: Mar 8 2017, 11:17 AM

Actually I sometimes wish that these REIT managers just quietly do their job, relax in office and no need go find so many deals..

Just let us earn dividend in peace..

But then again, the managers always need more income.. from transaction and future management fees..

Now Croesus manager already internalized, I hope he wont be pressured to do many deals..

This post has been edited by gark: Mar 8 2017, 01:30 PM

US 10Y is almost breaching the 2.6% yield. Bill gross predicts if the yield stays above that consistently will lead to a bond bear market.

Time to get your ammo ready.. hopefully.

This post has been edited by gark: Mar 9 2017, 01:11 AM

Higher bond yields.. usually means higher REIT yields.

Nothing is certain.. for REITs i rather not speculate. Only collect if prices meet the yield you want.