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 Singapore REITS, S-REITS

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SUSTOS
post Jun 29 2021, 09:58 PM

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From: Penang <-> Singapore


Suntec's acquisition and disposal:

https://links.sgx.com/1.0.0/corporate-annou...b4b94c13af21364
SUSTOS
post Jun 29 2021, 10:02 PM

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QUOTE(prophetjul @ Jun 28 2021, 05:58 PM)
i just noticed that for overseas investors. It gets somewhat difficult.  mad.gif

Unitholders Resident Outside Singapore
The New Units to be allotted and issued under the Distribution Reinvestment Plan have not
been, and will not be, registered under the U.S. Securities Act and may not be offered, sold
or resold in the United States or to, or for the account or benefit of, any U.S. person, except
in a transaction not subject to or exempt from the registration requirements of the U.S.
Securities Act and the securities laws of any state or other jurisdiction in the United States.
Furthermore, for practical reasons and to avoid any violation of the securities laws applicable
in countries outside Singapore where Unitholders may have their registered addresses, the
Distribution Reinvestment Plan may, at the absolute discretion of the Manager, not be
offered to Overseas Unitholders. No Overseas Unitholder shall have any claim whatsoever
against Elite Commercial REIT, the Manager, the Trustee or CDP as a result of the
Distribution Reinvestment Plan not being offered to such Overseas Unitholders. If the
Manager has decided not to offer the Distribution Reinvestment Plan to Overseas
Unitholders, Overseas Unitholders who receive or come to have in their possession this
Statement and/or a Notice of Election may not treat the same as an invitation or offer of any
securities to them and are advised to inform themselves of, and to observe, any prohibitions
and restrictions, and to comply with any applicable laws and regulations relating to the
Distribution Reinvestment Plan as may be applicable to them.
6
Overseas Unitholders who wish to be eligible to participate in  the Distribution Reinvestment
Plan should provide an address in Singapore for the service of notices and documents to
the Manager, c/o The Central Depository (Pte) Limited, 11 North Buona Vista Drive, #06-07
The Metropolis Tower 2, Singapore 138589 (or such other address as may be announced
by the Manager from time to time), not later than three (3) Market Days prior to the Record
Date (or such other cut-off date as the Manager may determine). Unitholders should note
that all correspondences and notices will be sent to their last registered mailing addresses
with CDP. Unitholders who are subject to the laws and regulations of jurisdictions outside
Singapore shall, by participating in the Distribution Reinvestment Plan, be deemed to have
complied with all applicable legal and regulatory requirements of the relevant jurisdictions.
*
No experience with DRIP from REITs yet. Large-caps seem to prefer loans, preferential offerings and private placements. I know for S-banks, OCBC allow Malaysians without SG address to subscribe to their dividend reinvestment, at least for IBKR.
SUSTOS
post Jun 30 2021, 07:17 PM

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Parkway LIFE's acquisition in Japan: https://links.sgx.com/1.0.0/corporate-annou...859e36b1f7c9603


SUSTOS
post Jul 5 2021, 07:49 AM

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AIT's investment in India's DC market: https://links.sgx.com/1.0.0/corporate-annou...65018791a07c7e9

This post has been edited by TOS: Jul 5 2021, 07:49 AM
SUSTOS
post Jul 9 2021, 10:00 PM

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SGX REITs earnings release date

https://forum.lowyat.net/index.php?showtopi...ost&p=101573988
SUSTOS
post Jul 10 2021, 08:39 AM

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MLT's proposed acquisition at 9 Changi South Street 2.

https://links.sgx.com/1.0.0/corporate-annou...5e83d515b8f4f08
SUSTOS
post Jul 12 2021, 08:04 PM

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Ah, beat me to it!

SPH REIT: https://links.sgx.com/FileOpen/SPH%20REIT%2...t&FileID=674397
SUSTOS
post Jul 12 2021, 09:28 PM

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QUOTE(ryan18 @ Jul 12 2021, 08:56 PM)
Wow my ex company warehouse building lol
*
You used to work at Robinsons in SG?
SUSTOS
post Jul 14 2021, 05:43 PM

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It's out! Parkway LIFE's master lease agreement update with IHH.

https://links.sgx.com/1.0.0/corporate-annou...cb79c1ae050f09d

In another news, LMIRT downgraded to "junk level"

https://links.sgx.com/FileOpen/20210714_LMI...t&FileID=674729

Thanks to Indonesia's pandemic situation.

This post has been edited by TOS: Jul 14 2021, 06:04 PM
SUSTOS
post Jul 14 2021, 07:45 PM

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QUOTE(Hansel @ Jul 14 2021, 07:31 PM)
So, bro,... what's the goodies from the above news,....
*
This counter I remember you sold at 4.2x, now 4.7x no regrets ah? tongue.gif

Upward lease renewal, plus ROFR pipeline for Novena hospital should be good news. I don't quite understand the run-up by insider buying from 4.2x to 4.7x however, that seems a bit overpriced from the DDM or GGM as the rent only increase by 20ish% 4-5 years later.

DDM= Dividend discount model, GGM=Gordon growth model
SUSTOS
post Jul 19 2021, 05:51 PM

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MLT 1Q: https://links.sgx.com/1.0.0/corporate-annou...37ad321fb6a6e39
SUSTOS
post Jul 22 2021, 08:16 AM

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Suntec: https://links.sgx.com/1.0.0/corporate-annou...de96b96500ff451

Sabana (Financial statements + PR): https://links.sgx.com/1.0.0/corporate-annou...0bc2dd79f6f54db

(Presentation) https://links.sgx.com/1.0.0/corporate-annou...71c33932d71b2ee

Ara Logos: https://links.sgx.com/1.0.0/corporate-annou...428569559039356

Sabana also announced that they have removed the shariah compliance requirement: https://links.sgx.com/FileOpen/Removal_of_t...t&FileID=675468

This post has been edited by TOS: Jul 22 2021, 08:21 AM
SUSTOS
post Jul 22 2021, 02:10 PM

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QUOTE(squarepilot @ Jul 22 2021, 12:37 PM)
Thanks for the info.

Sabana Reits result looks pretty good on paper. very attractive yield while still have room for occupancy growth. any drawbacks or things should one be aware of before investing into this?
*
Yield is always attractive until you consider risk. tongue.gif Theoretically, in a fair market, the risk-adjusted yield is the same across all securities. The nominal yield differs from the risk-free yield because of different risk premiums across different securities.

Ok enough of finance 101. Sabana has been market chatter for some time since the ESR-Sabana merger fell through last year. Quarz and Black Crane (QBC) the 2 fund managers are vocal opponents of the management of Sabana and they have substantial stake in it. As a retailer investor, you need to evaluate how Sabana's management is doing and decide if Quarz and Black Crane's arguments make sense. They have created a dedicated website to voice their opinions since the beginning of ESR-Sabana merger: https://www.savesabanareit.com/

The website is still active from time to time. Institutional investors hardly voice out so loudly like QBC, so their comments worth a read. ESR has also quietly raise their stakes in Ara Logos REIT apart from ESR. Market chatter back then was some time later ESR REIT will merge with Sabana and Ara Logos, at least that was the plan before the ESR-Sabana merger fell apart.

Some investors are ok with investing in companies mired in such corporate issues, they treat it like "distressed asset investing", but if you are more risk-averse, you will want to touch other mid-small cap REITs, or for those even more risk-averse, perhaps focus solely on the large caps. Bear in mind that large caps will give you lower (nominal) yield, but you can also rest more peacefully at night (risk is lower). smile.gif

prophetful pinned my comments on large-caps vs mid-small caps in the first page, that explains things as well I hope. https://forum.lowyat.net/index.php?showtopi...post&p=54515813

This post has been edited by TOS: Jul 22 2021, 02:22 PM
SUSTOS
post Jul 22 2021, 07:55 PM

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FCT: https://links.sgx.com/FileOpen/FCT_3Q21_Bus...t&FileID=675544
SUSTOS
post Jul 23 2021, 07:23 AM

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ESR REIT: https://links.sgx.com/1.0.0/corporate-annou...4b78d6183899b5b
SUSTOS
post Jul 23 2021, 06:23 PM

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MCT: https://links.sgx.com/1.0.0/corporate-annou...b73a70f48823af6
SUSTOS
post Jul 24 2021, 05:32 PM

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QUOTE(tradingGo @ Jul 24 2021, 04:18 PM)
TOS any thoughts on Ascott Residence? I think it's about time for recovery.... thinking of buying some for long term holding.
*
Ascott will report its quarterly result next Tuesday before 8 a.m. You can wait for that result to be released first to have an idea of how ART is doing for the past quarter. You will want to look at RevPAR and leverage parameters. I am particularly concerned with that dangerously low interest coverage ratio (ICR) (the usage of the word "dangerous" is subjective here, maybe you are fine with it).

This is ART's latest presentation slide: https://links.sgx.com/FileOpen/20210628_Yua...t&FileID=672679

ICR of 2.1 means close to half of EBITDA goes into debt interest payment. BBB rating with negative outlook from Fitch can tell you something too.

Nevertheless, its foray into PBSA and some redevelopment stuff are certainly positive catalyst in the long run.

Just be careful of refinancing risk in near term unless you are confident about the recovery track.

This post has been edited by TOS: Jul 24 2021, 05:43 PM
SUSTOS
post Jul 26 2021, 05:36 PM

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Keppel DC REIT: https://links.sgx.com/1.0.0/corporate-annou...f58943b1557d987

KORE: https://links.sgx.com/1.0.0/corporate-annou...6a8edbd9785682b
SUSTOS
post Jul 26 2021, 05:52 PM

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In another news, CDL Hospitality Trust is expanding its scope into non-hospitality business.

https://links.sgx.com/FileOpen/CDLHT-Revisi...t&FileID=675758

Got new competitor coming...
SUSTOS
post Jul 26 2021, 06:15 PM

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MNACT: https://links.sgx.com/1.0.0/corporate-annou...9a26e0db419d6a8

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