i am going to convert some sgd to rm next week.

some div in, still waiting on last 2.

fx is good now - 2.99, should pass 3.0 next week.

need some rm to spend.

yeah.. that should be the way. To gain in FF
However, I will continue stay invested...

Still shopping around.

http://www.reitsweek.com/2016/05/cache-log...e-property.html

Singapore-listed industrial REIT, Cache Logistics Trust, has inadvertently found itself in a lease dispute over its property at 51 Alps Avenue between anchor tenant Schenker Singapore Pte Ltd and master lessee C&P Land Pte Ltd.

Schenker Singapore is currently occupying 51 Alps Avenue, one of the largest property in the Airport Logistics Park, under an anchor lease agreement that expires in August 2016 with C&P Land. C&P Land is in turn renting the property from Cache Logistics Trust under a master lease.

Schenker Singapore has indicated its intention to renew its anchor lease agreement with C&P Land for a period of five years at a rental rate that was pre-agreed upon in June 2005 when the lease was negotiated by Bax Global. Bax Global has since been acquired by DB Logistics and integrated into Schenker.

However C&P Land is of the view that Schenker Singapore does not have a valid option to renew the lease at the pre-agreed rate. Cache Logistics Trust is also of the view that this pre-agreed rental rate is below prevailing market rates.

The REIT announced on 31 May that it has now received an originating summons from Schenker Singapore seeking a declaration that the original anchor lease agreement is binding and that it will have the option to renew its lease on the property at the pre-agreed rental rate.

Cache Logistics Trust has said that it intends to “vigorously defend itself in this action” as it is not a party to the lease agreement between C&P Land and Schenker Singapore. The master lease agreement (MLA) between C&P and Cache Logistics Trust will also expire in August 2016.

“If C&P does not renew the master lease and fails to deliver vacant possession of the property upon the expiry of the master lease, in accordance with the terms of the MLA, Cache intends to claim against C&P for double the amount of rent payable under the MLA for the duration of the holding over period or damages arising as a result of Schenker remaining on the property”, said Cache Logistics Trust in a statement on the dispute.

Under the terms of the MLA, C&P Land has provided a security deposit amounting to 12 months of master lease rental. The REIT has said that it will be making relevant announcements when there are material developments regarding the dispute.

Units of Cache Logistics Trust are currently trading on the Singapore Exchange at SGD0.86.

Anyone has Ascendas reit?

Yield looks attractive with quite diversified portfolio.
Thinking getting some.

my office is under this Reit management .... the tenant getting better. Science park 89.

yes, looking to add this counter.

Just xD a few weeks ago. RM-SGD just breached 3 (if you are converting from RM to buy). Fed potentially raise rates June/July

No hurry to buy

Yup, no hurry, especially with Fed is expected to hike rate, which is a negative factor for reit, as well as rental market in Sg is not that good recently.
Even malls are facing risk of vacant lots as reported in some major financial news.

Just in the midst find out more about the reit.

Exchange rate doesn't bother me too much on this matter, as it acts as diversification.

Question is what will MAS do IF the Feds raise the rates?

The whole market is reactive to news, despite the fundamental is otherwise. Even if MAS does not raise rates, the share price will react to news.

Some Reits has majority fixed rates loan, but they will not be spared for those kind of news too

So my guess is even if MAS does nothing, the share price will react negatively when FED raise rates

I don't think MAS need to react to the rate hike.

After all, MAS also doesn't want to see a too strong Sgd, as its latest monetory policy on Sgd is neutral.

There is no incentive for MAS to follow Fed to raise rate, unless Sg economy is growing at robust rate, which is not currently.

Cost of funding of USD may rise with the rate hike.
So the one rely heavily on USD funding may see higher expenses on the borrowing cost.

This is where US rising rate could impact reit sector.

Ya those reits with USD borrowing will be affected.

Also, if Fed raise interest rates, funds will be pulled away from SGX and repatriated back to US. That is another factor

Yeah

That's what i thought as well.

Now if they don't raise rates, Maybe the Reits yield will be rather attractive.

Blackrock has become substantial holder in Croesus. Maybe that's an indicator?

There will be no impact on Soilbuild REIT’s distribution per unit (“DPU”) and net tangible asset per unit unless the Manager is unable to find a new tenant willing and able to pay at least the same rent under the Lease Agreement prior to the full utilisation of the security deposit.

In the event there are any further material developments, the Manager will release further announcements as necessary on this matter.

This post has been edited by prince_mk: Jun 3 2016, 02:01 PM

yes. no impact now. yields the same
dun worry Prince_mk.
Hv a year. They just need to find new tenant.

But i trimming my long list of holdings... so, bye bye to SOILDBUILD for me.

Frasers Logistics and Industrial Trust to raise up to S$902 mln in Singapore IPO
http://www.reuters.com/article/fraserslogi...o-idUSS7N18200H

Not sure what to buy. How abt M1? Did u topup?

Not yet. Will top up to enjoy the DBS brokerage offer before end of this month.

As May div is all in.

Fed chances of increasing interest rates dampen with bad job data. Today USD down and share price up. My screen everything green today

Things really change fast