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 Singapore REITS, S-REITS

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TSprophetjul
post Mar 24 2017, 08:16 AM

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Does anyone own Viva?
I am confused here.

In their presentations, they showed DPU as 1.76 and showed this in their SGX announcements:


Viva Industrial Trust Reports Earnings Results for the Fourth Quarter and Full Year of 2016

Source: Singapore Exchange
Type: Announcements of Earnings
From: 15/Mar/2017

Viva Industrial Trust reported earnings results for the fourth quarter and full year of 2016. For the quarter, the company reported gross revenue of SGD 25,568,000, NPI of SGD 18,078,000 and DPS of 1.760 cents per share and annualized DPS of 7.002 cents per share against gross revenue of SGD 19,702,000, NPI of SGD 13,725,000 and DPS of 1.634 cents per share and annualized DPS of 7.000 cents per share a year ago. For the year, the company reported, gross revenue of SGD 95,119,000, NPI of SGD 68,478,000 and DPS of 6.958 cents per share against gross revenue of SGD 73,989,000, NPI of SGD 50,838,000 and DPS of 7.000 cents per share a year ago.

However, they also showed this in their announcements:


Viva Industrial Trust Announces Distribution for the Period from November 7, 2016 to December 31, 2016, Payable on February 28, 2017

Source: Singapore Exchange
Type: Dividend Affirmations
From: 26/Jan/2017

Viva Industrial Trust (VIT) has announced a distribution of 1.032 Singapore cents per Stapled Security for the period from 7 November 2016 to 31 December 2016, comprising a taxable income of 0.867 Singapore cents per Stapled Security and a tax-exempt income of 0.165 Singapore cents per Stapled Security from Viva Industrial Real Estate Investment Trust. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with VIT Stapled Securities as on 6 February 2017 will be entitled to the distribution that will be paid on 28 February 2017.


I was paid 1.032 cents recently> Is there a difference between the two? Is it because of the stapled security? confused.gif

TSprophetjul
post Mar 24 2017, 09:45 AM

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QUOTE(cherroy @ Mar 24 2017, 09:33 AM)
1.032 is for 7 Nov to 31 Dec.

While for the full 4Q, they did distribute 1.76 total, means another 0.728 was paid earlier in the 4Q that make it total 1.76.
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Ahhhhhhhh. Thanks Cher......

Viva Industrial Trust Announces Advanced Distribution for Stapled Security for the Period from October 1, 2016 to November 6, 2016, Payable on November 28, 2016

Source: Singapore Exchange
Type: Dividend Affirmations
From: 18/Nov/2016

The Managers of Viva Industrial Trust announced the Advanced Distribution per stapled security in Viva Industrial Trust for the period from October 1, 2016 to November 6, 2016 is 0.728 Singapore cents comprising 0.619 Singapore cents of taxable income and 0.109 Singapore cents of tax-exempt income from Viva Industrial Real Estate Investment Trust. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with Stapled Securities as on November 4, 2016 will be entitled to the Advanced Distribution that will be paid on November 28, 2016. For the avoidance of doubt, the New Stapled Securities issued pursuant to the Private Placement on November 7, 2016 will not be entitled to the distribution declared by the Managers for the period from July 1, 2016 to September 30, 2016 and the Advanced Distribution.
TSprophetjul
post Mar 27 2017, 11:14 AM

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QUOTE(gark @ Mar 27 2017, 11:05 AM)
I would not be surprised.

They are already reporting dividends (tax voucher) paid to MY citizens to LHDN.

How I know? I had coffee with LHDN before and they have my complete info already..  laugh.gif  laugh.gif  laugh.gif

If your money is clean, nothing to worry about..  whistling.gif
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And what did they indicate to you that the SG authorities were reporting to LHDN?
TSprophetjul
post Mar 27 2017, 11:16 AM

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QUOTE(Hansel @ Mar 27 2017, 11:11 AM)
Tks bro,... this is useful info,... well, foreign income is not taxable, there is no effect even if they know,... for now,.. unless they change the law and says foreign income is taxable,....
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Don't think its the tax they are homing on.

It is probably the origin of the purchase of the assets as in laundering.
TSprophetjul
post Mar 27 2017, 11:19 AM

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QUOTE(gark @ Mar 27 2017, 11:18 AM)
They know my total SG dividend income.. blush.gif But they missing my Indonesia salary income, which explain the assets. (I declare MY tax 0 income)

Dont know they do for everyone or selected person only..  devil.gif
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Maybe your dividend income is BIG! brows.gif
TSprophetjul
post Mar 27 2017, 11:23 AM

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Anyone interested in these results?


SUMMARY OF RESULTS
..................................................................FY2016..... FY2015..... FY2014
Gross Revenue (S$’000) ...............................81,130..... 79,340....... 68,145
Net Property Income (S$’000)............ ...........70,674 .....67,777........ 57,362
Income Available for Distribution (S$’000) ......60,252...... 57,867........ 50,173
Distribution per Unit (Singapore cents) .............6.091....... 6.487 .........6.193
Annualised Distribution Yield (%)
– Based on closing price on 31 December...........9.5%........ 8.4%.......... 7.8%
TSprophetjul
post Mar 27 2017, 01:15 PM

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QUOTE(Ramjade @ Mar 27 2017, 11:46 AM)
What's this?

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What's your 1st impression?
TSprophetjul
post Mar 27 2017, 01:18 PM

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QUOTE(Ramjade @ Mar 27 2017, 11:58 AM)
Yes would have chosen SCB over maybank. SCB close their doors to malaysian doh.gif You have no chance to open account with them unless you are
(i) filthy rich
(ii) working or studying there
(iii) buy their insurance/take loan from them.

» Click to show Spoiler - click again to hide... «
How filthy does one have to be? tongue.gif
TSprophetjul
post Mar 27 2017, 01:28 PM

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QUOTE(Ramjade @ Mar 27 2017, 01:21 PM)
Eh, let me look at it again.
SGD200k (priority banking)
or SGD50k (buy their UT at 3% service charge)
or SGD30k (park with them for 5 years - via savings plan)
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Not so bad....do they allow foreign stock trades?
TSprophetjul
post Mar 27 2017, 01:34 PM

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QUOTE(Ramjade @ Mar 27 2017, 01:30 PM)
These are requirement to open account with them. Once bank account is open, you can get the trading account which is good (no maintenance fees but at the expense of bad foreign exchange rate)
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thumbsup.gif I will put serious thought to this.
TSprophetjul
post Mar 27 2017, 01:51 PM

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QUOTE(Hansel @ Mar 27 2017, 01:47 PM)
Bro,... better to focus on the ASX ! SGX is too expensive now,... and rules are getting tighter and tighter,... Furthermore, I heard this morning that MAS intends to let the SGD appreciate in their April mtg soon !
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ASX. Problem of waiting for my son to get his tax file done.

But meantime I am in US mkt....doing quite well on yield stocks smile.gif
TSprophetjul
post Mar 27 2017, 02:05 PM

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QUOTE(Hansel @ Mar 27 2017, 02:03 PM)
I see,... well,.. if this is yr reason,.. then yeah, it's good to branch out. US mkt is good now,.. I've been in for a long time too, but not directly into equities, I go for the high yield funds,... monthly payouts,..
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They have some equities doing monthly pay outs too.
TSprophetjul
post Mar 27 2017, 04:14 PM

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QUOTE(Hansel @ Mar 27 2017, 03:24 PM)
Right, bro... I know that,... What's the withholding tax percentage, or none deducted ? How's the yield ?
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As far as I know, there is NO with holding taxes on my divs thus far.

I am looking at 2 counters giving monthly divs....around 12 % yield


TSprophetjul
post Mar 27 2017, 04:29 PM

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QUOTE(Hansel @ Mar 27 2017, 04:28 PM)
thumbsup.gif

Nice, bro,... I'd like to do some research too,.. perhaps I'll buy some of these US yield stocks to complement my HY funds since there is no withholding tax,... can you kindly share withl me the ctrs please ?
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PM you later.
TSprophetjul
post Mar 27 2017, 04:45 PM

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First and foremost, CAVEAT EMPTOR!

I am not responsible for what you invest in. Our risk appetite is different. Our get out strategy may be different. We are ALL different.

I have looked at

NRZ - New Residential Investment Corp

https://www.google.com/finance?q=NYSE%3ANRZ...AT5zYuQDQ&hl=en


AGNC - AGNC Investment Corp


https://www.google.com/finance?q=NASDAQ%3AA...AT5zYuQDQ&hl=en


ECC -Eagle Point Credit Co.

https://www.google.com/finance?q=NYSE%3AECC...AT5zYuQDQ&hl=en

CCP- Care Cap Properties - a Health Reit


Most of these are financial type companies with higher risks than banks. Please read up what they do properly. There are many others.

I am invested in NRZ, CCP and ECC

This post has been edited by prophetjul: Mar 27 2017, 04:47 PM
TSprophetjul
post Mar 31 2017, 08:38 AM

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QUOTE(prophetjul @ Mar 27 2017, 04:45 PM)
First and foremost, CAVEAT EMPTOR!

I am not responsible for what you invest in. Our risk appetite is different. Our get out strategy may be different. We are ALL different.

I have looked at

NRZ - New Residential Investment Corp

https://www.google.com/finance?q=NYSE%3ANRZ...AT5zYuQDQ&hl=en
AGNC - AGNC Investment Corp
https://www.google.com/finance?q=NASDAQ%3AA...AT5zYuQDQ&hl=en
ECC -Eagle Point Credit Co.

https://www.google.com/finance?q=NYSE%3AECC...AT5zYuQDQ&hl=en

CCP- Care Cap Properties - a Health Reit
Most of these are financial type companies with higher risks than banks. Please read up what they do properly. There are many others.

I am invested in NRZ, CCP and ECC
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Anyone fished these 3 stocks?

NRZ is up again after ex div from 16.60 to 17

ECC spike last night to 20.24 after hitting 21 on exceptional volumes....not sure what is the news yet.

CCP is just going up and up still. sweat.gif


TSprophetjul
post Apr 3 2017, 09:46 AM

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QUOTE(gark @ Apr 1 2017, 05:08 PM)
They are independent since IPO.. they have no sponsor. They have done quite a good job so far IMHO.

I am happy if they just continue to keep delivering the same DPU forever..  rclxms.gif

The majority shareholder is Tong Jinquan.
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Yeah

Very happy with their performance. Only worry is the Yen. Whether it will appreciate vs SGD
TSprophetjul
post Apr 3 2017, 09:48 AM

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QUOTE(cherroy @ Apr 2 2017, 10:06 AM)
Set aside the dilution effect, I am more concern about the need of constant forking money to subscribe the placement/right issue.

Reit is supposed to be fixed income instrument, we expect it to generate income to us, instead taking more money from shareholders.

If a reit is constantly having right issue/placement, it defies the "income instrument" purpose of reit.
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Having to pay out 90% of the income as divs does not leave the Reits with very much for growth.

As long as the rights are for accretive income growth, I will not complain
TSprophetjul
post Apr 3 2017, 09:52 AM

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QUOTE(cherroy @ Apr 2 2017, 12:58 PM)
I opened to all suggestion.

My current watching list are
Starhill
CapitalMall
Maple log
KDC
Ascott (after the right issue)
Yes, this is ideal situation, but often right issue/private placement will be issued at a discount, so more and less there is a little dilution. Pricing of newly issued share can be crucial to determine the dilution effect as well, (Ascott is the latest example)

While if the right issue/private placement is placed at higher end and fund being used to fund a good yield accretion asset, then it is good deal, like KDC case.

Another good example of private placement is Axreit, whereby previous numbers of private placement didn't cause any dilution effect, as it used the fund raise to inject yield accretion asset, instead it improved the DPU going forwards.

I prefer to see reit manager using private placement to fund the new asset that is yield accretion, instead of right issue. Reit portfolio can be expanded, while DPU increasing while need existing shareholders fork out a single cent.
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Problem with private placement are

a) There is also dilution
b} Its almost normally at great discounts to the investor
c) You do not get to participate. If you do not trust the manager, why bother with the Reit in the 1st place?
TSprophetjul
post Apr 4 2017, 09:00 AM

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Did anyone get Soilbuild at the low?

It is 68 cents now! smile.gif

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