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 Singapore REITS, S-REITS

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ConquerorX
post Jun 4 2017, 10:04 PM

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QUOTE(Ramjade @ Jun 4 2017, 09:23 PM)
Not sure if you have read this.

From my previous post

1) For me, I determine how much yield I want. Very simple it must beat malaysia's amanah saham in the long run.
A 5.75% yield can beat a 6%+ amanah saham over long period of time.
Eg. You know a reit can give 6%+ yield but right now it's giving 5.8%+ yield, do you want it or do you want to wait? I will wait. (eg. CCT at current price. Will I buy CCT? No. See reason 9. If they give me 7%, yes, I will take not 6% biggrin.gif )
2) How much debt it have
- again this is not set in stone. Lower debt of course better la. But Mapletree greater china IMO is better than capital china retail eventhough mapletree have ~40% gearing -way higher than Capitalland. But we need to see, mainland china are esavvy shopper. In china, you have online store everywhere (alibaba, 360, baidu, tencent, xiaomi, etc) We all know that amazon is beating the crap out of brick and mortar shopping lot. Do we still want capital china retail? If Fortune reit (a HK reit with shopping malls can survive HK, then shopping mall can still survive in HK). Fortune reit would be better option shopping reit vs Mapletree GCC but Fortune reit dividend only 5+% vs 7%+ of mapletree. Next thing you do is look at the mall owned by Mapletree. Is it it good? Even though it's only one mall, but it's a higher version of vivocity. I will bite but not now. Anyway with that high gearing, sooner or later Mapletree will have to issue rights.That time, price will drop. Div yield may reach 8%+ drool.gif
3) Occupancy rate - the higher the occupancy, the higher the rental (not always true but having the place occupied and people paying rental is better than vacant), does it beat it's peer.
4) Types of building and location
5) Whether it achieve (+) rental reversion
6) NPI - a good reit should increase NPI
7) How the reit manager handle bad times (CMT, FCpT, FCT, CCT, Aims)
8) Read blogs (investmentmoat, fifth person, turtle investor (he's mostly index investor but sometimes does reit review), assi (some I don't agree like ASSI going for Capitalland China Trust and Starhill Global) does good reviews on reit
9) I am sucker for diversification. That's why my reits I choose are not all pure play SG-reit (Hence FCT, MLT and MCT is in my portfolio)
10. I want access to certain market but do not wish to pay withholding tax (I at looking at you AU and US). Hence I add FLT and manulife US when the time is right. Both does not incur 30% withholding tax.
20. How to know price high or not? Use google finance to find out. They have nice chart which shows previous prices.

My goal (when I started in Jan) is buy at whatever market price and collect dividend first. Later when opportunities present itself, use dividend collected to average down. A bad strategy but so far it works. Some of my reits I bought at market price giving me 11-12% paper gain (including latest dividend). If opportunity present itself to average down, I will take it. There's still some reits on my shopping list I have got yet. See eg in reason 1.

Right now, not buying anything. No money. No discount. sad.gif
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thanks ram. yes, I came across the info and it is still quite a lot of digest, but keep up the good work and I'm sure such info would be helpful to many thumbup.gif

Ramjade
post Jun 4 2017, 10:08 PM

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QUOTE(ConquerorX @ Jun 4 2017, 10:04 PM)
thanks ram. yes, I came across the info and it is still quite a lot of digest, but keep up the good work and I'm sure such info would be helpful to many thumbup.gif
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Most important is how much yield you want. Then look at the reit you want, then filter them out using the criteria. There are more. But this is what I just use.
Ramjade
post Jun 4 2017, 10:41 PM

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ConquerorX also, keep in mind that dividend may rise or fall or remain the same depending on how much rental the reit can collect. That's why must see reit with increasing dividend (Dividend per share) over time.
prince_mk
post Jun 5 2017, 08:03 AM

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QUOTE(ConquerorX @ Jun 4 2017, 10:04 PM)
thanks ram. yes, I came across the info and it is still quite a lot of digest, but keep up the good work and I'm sure such info would be helpful to many thumbup.gif
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He is having good knowledge tongue.gif can learn frm him too.
elea88
post Jun 5 2017, 09:18 AM

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aiks. i hv starhill n guocoland.

bearbear
post Jun 5 2017, 10:19 AM

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QUOTE(elea88 @ Jun 5 2017, 09:18 AM)
undervalue means got potential? biggrin.gif
elea88
post Jun 5 2017, 12:24 PM

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QUOTE(prophetjul @ Jun 3 2017, 11:15 AM)
11.8% wor ...

how long have you been holding this.


TSprophetjul
post Jun 5 2017, 01:01 PM

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QUOTE(elea88 @ Jun 5 2017, 12:24 PM)
11.8% wor ...

how long have you been holding this.
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I wrote it in a while ago.

Bought around March 2017..like a monthly payout.
Unfortunately US applies a 30% with holding tax. sad.gif
TSprophetjul
post Jun 5 2017, 01:02 PM

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QUOTE(elea88 @ Jun 5 2017, 12:24 PM)
11.8% wor ...

how long have you been holding this.
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If you are more gung ho, there are some who gives 16 to 20% yields! Highly volatile
elea88
post Jun 5 2017, 01:48 PM

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QUOTE(prophetjul @ Jun 5 2017, 01:02 PM)
If you are more gung ho, there are some who gives 16 to 20% yields!  Highly volatile
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cannot highly volatile. i dun monitor that closely.
i read about this ECC seem o.k to me.
Hansel
post Jun 5 2017, 01:57 PM

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QUOTE(prophetjul @ Jun 5 2017, 01:01 PM)
I wrote it in a while ago.

Bought around March 2017..like a monthly payout.
Unfortunately US applies a 30% with holding tax.  sad.gif
*
Bro,... this is not a pure monthly payout ctr. It pays out only 4 times per year, not 12 times. and secondly, with the yield currently at 12%, after minussing the 30% WTH, the yield becomes 8.4% only; for this type of volatility, I would demand a higher yield to earn back my capital faster, before the price plunges.
TSprophetjul
post Jun 5 2017, 02:02 PM

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QUOTE(Hansel @ Jun 5 2017, 01:57 PM)
Bro,... this is not a pure monthly payout ctr. It pays out only 4 times per year, not 12 times. and secondly, with the yield currently at 12%, after minussing the 30% WTH, the yield becomes 8.4% only; for this type of volatility, I would demand a higher yield to earn back my capital faster, before the price plunges.
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Bro Hans,

It is a monthly payout. They just changed it recently in March? That interested me.
They have already gave directions on the payout for the next 3 months. 20 cents per month.

Here

http://www.businesswire.com/news/home/2017...n-Distributions

This one is not as volatile like the 20% one. biggrin.gif

This post has been edited by prophetjul: Jun 5 2017, 02:03 PM
Hansel
post Jun 5 2017, 02:04 PM

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QUOTE(prophetjul @ Jun 5 2017, 01:02 PM)
If you are more gung ho, there are some who gives 16 to 20% yields!  Highly volatile
*
QUOTE(elea88 @ Jun 5 2017, 01:48 PM)
cannot highly volatile. i dun monitor that closely.
i read about this ECC seem o.k to me.
*
Wow,... if a ctr gives out 18% yield, then after the 30% WTH, it still gives out a 12.60% yield. However, I suspect such ctrs are rally highly volatile, and the price movement can easily WIPE OUT your earned dividend when it swings.

I would prefer a counter that :-
1) gives out a monthly dividend, so that I would get my money faster in order to invest back quicker and to recover my capital faster.
2) has an acceptable yield, the higher the better.
3) is defensive.
4) has the lowest possible Withholding Tax (WTH).
Hansel
post Jun 5 2017, 02:10 PM

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QUOTE(prophetjul @ Jun 5 2017, 02:02 PM)
Bro Hans,

It is a monthly payout. They just changed it recently in March?  That interested me.
They have already gave directions on the payout for the next 3 months. 20 cents per month.

Here

http://www.businesswire.com/news/home/2017...n-Distributions

This one is not as volatile like the 20% one.  biggrin.gif
*
Tq bro for the clarification,... yeah, I think you did talk about this a few weeks ago,... I remembered now,... yeah, you were going to chk for us whether any WTH tax was imposed. So, for this CEF, there will be WTH tax, right ?

I guessed, if it's not too volatile, 8.4% net yield at current price should be acceptable, furthermore, it's 'giving you a monthly salary',...
TSprophetjul
post Jun 5 2017, 02:12 PM

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QUOTE(Hansel @ Jun 5 2017, 02:04 PM)
Wow,... if a ctr gives out 18% yield, then after the 30% WTH, it still gives out a 12.60% yield. However, I suspect such ctrs are rally highly volatile, and the price movement can easily WIPE OUT your earned dividend when it swings.

I would prefer a counter that :-
1) gives out a monthly dividend, so that I would get my money faster in order to invest back quicker and to recover my capital faster.
2) has an acceptable yield, the higher the better.
3) is defensive.
4) has the lowest possible Withholding Tax (WTH).
*
Defensive type of yield will not give high yields.

Yes, This one with 20% is volatile. It is a oil pipeline play with trading in options as well. Risk/Reward thing.
It was $24 in 2015. Now it is $10! laugh.gif
TSprophetjul
post Jun 5 2017, 02:14 PM

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QUOTE(Hansel @ Jun 5 2017, 02:10 PM)
Tq bro for the clarification,... yeah, I think you did talk about this a few weeks ago,... I remembered now,... yeah, you were going to chk for us whether any WTH tax was imposed. So, for this CEF, there will be WTH tax, right ?

I guessed, if it's not too volatile, 8.4% net yield at current price should be acceptable, furthermore, it's 'giving you a monthly salary',...
*
Yeah....unfortunately tax is applied. sad.gif

But I like the monthly dividends. Meaning it is actually more than 8.4% annualized biggrin.gif


https://www.google.com/finance?chdnp=1&chdd...LuAS-xYkg&hl=en
Hansel
post Jun 5 2017, 02:14 PM

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But if you buy this counter, ECC through a Msian or a an SG broker, there will be custody fees. Some brokerages will impose a certain percentage as fee onto each of your dividend received.

After minussing out the above 'expenses', how much more of the 8.4% net yield which we calculated earlier would be left for our pocket (take home) ?
Hansel
post Jun 5 2017, 02:18 PM

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QUOTE(prophetjul @ Jun 5 2017, 02:14 PM)
Yeah....unfortunately tax is applied.  sad.gif

But I like the monthly dividends. Meaning it is actually more than 8.4% annualized  biggrin.gif
https://www.google.com/finance?chdnp=1&chdd...LuAS-xYkg&hl=en
*
Bro,... why do you say that the monthly dividends actually give you more than 8.4% annualized ? Can you share yr calculations please ?
Hansel
post Jun 5 2017, 02:19 PM

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QUOTE(prophetjul @ Jun 5 2017, 02:12 PM)
Defensive type of yield will not give high yields.

Yes, This one with 20% is volatile. It is a oil pipeline play with trading in options as well. Risk/Reward thing.
It was $24 in 2015. Now it is $10!    laugh.gif
*
If you are okay with Canadian shares,.. then I have experienced ones that fulfilled all my four criteria earlier,....
TSprophetjul
post Jun 5 2017, 02:27 PM

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QUOTE(Hansel @ Jun 5 2017, 02:18 PM)
Bro,... why do you say that the monthly dividends actually give you more than 8.4% annualized ? Can you share yr calculations please ?
*
If you get a one time dividend at 240 cents at say, POS at $20. It is a yield of 12%.

If you get 20 cents per month, the 1st 20 cents is actually in your pocket. It is already principal yielding number in addition to the $20 stock.
You may buy back into the stock or other instruments of yield.

Say yo have 1000 shares. You receive 20 cents dividend, giving $200. You reinvest receiving 10 shares. This 10 shares will give your further dividends in the next month.

Therefore at year end, you are receiving more than 12% in total.

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