Sabana REIT 3Q 2022 business updates: https://links.sgx.com/FileOpen/Sabana_%203Q...t&FileID=734744

This post has been edited by TOS: Oct 19 2022, 07:41 PM

From BT 191022:

By the time there is a pause in rate, that means economy is declining and properties all marked down in value, so drop even more.

In your opinion what sort of yield premium would be reasonable for S-REITs considering 10 year SGS sitting around 4-5% p.a. moving forward?

Keppel Infrastructure Trust 3Q 22 Operational Updates: https://links.sgx.com/FileOpen/20221020%20K...t&FileID=734838

Tomorrow we have CICT 3Q updates aftermarket.

CICT results tonight aftermarket.

From BT 201022:

CICT 3Q business updates: https://links.sgx.com/FileOpen/Slides_CICT_...t&FileID=735012

From BT 241022:



This post has been edited by TOS: Oct 25 2022, 11:07 AM

Keppel REIT business 3Q updates: https://links.sgx.com/1.0.0/corporate-annou...ddb4bbd4bfdd415

MLT coming soon later today.

MLT 3Q22 results: https://links.sgx.com/1.0.0/corporate-annou...31c3390a6aea8a4

We have others results too:

Suntec REIT: https://links.sgx.com/1.0.0/corporate-annou...27638318265cb31

Frasers Centerpoint Trust: https://links.sgx.com/1.0.0/corporate-annou...d468f888741f89d

ESR-Logos REIT: https://links.sgx.com/FileOpen/E-LOG_3Q2022...t&FileID=735363

Kindly refer to this e-tax guide by IRAS on S-REITs taxation: https://www.iras.gov.sg/media/docs/default-...rsn=69897e04_27

Source: https://www.iras.gov.sg/quick-links/e-tax-g...+Trusts+-+REITs

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In general, for S-REITs, dividends/distributions can have 3 components: capital distributions, taxable income and tax-exempt income.

As an individual, you will receive the full distribution without any tax deducted.



E.g. take this example from Suntec REIT: https://links.sgx.com/FileOpen/Suntec%20-%2...t&FileID=735379

A Tax-exempt income

The tax-exempt income component of the distribution is exempt from tax in the hands of all
Unitholders. No tax will be deducted at source for this component.

Implication: No tax will be deducted from you.

B Capital distribution component

Capital distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax. For Unitholders who hold the Units as trading assets, the amount of capital gain distribution will be applied to reduce the cost base of their Units for the purpose of calculating the amount of taxable trading gains arising from the disposal of the Units.

Implication: No tax will be deducted by default from you. If you are a trader, you need to file tax with IRAS on your own

C Taxable income component

The trustee and manager of Suntec REIT will not deduct tax from Distribution made out of Suntec REIT’s taxable income that is not taxed at Suntec REIT’s level to:

(a) Unitholders who are individuals and who hold the Units either in their sole names or jointly with other individuals;
(b) Unitholders which are companies incorporated and tax resident in Singapore;
© Unitholders which are Singapore branches of foreign companies;
(d) Unitholders which are body of persons (excluding companies or partnerships) constituted or registered in Singapore, such as:
(i) institutions, authorities, persons or funds specified in the First Schedule to the Income Tax Act (Cap.134);
(ii) co-operative societies registered under the Co-operative Societies Act (Cap. 62);
(iii) trade unions registered under the Trade Unions Act (Cap. 333);
(iv) charities registered under the Charities Act (Cap. 37) or established by an Act of Parliament; and
(v) town councils.
(e) Unitholders which are international organisations that are exempt from tax on such distributions by reason of an order made under the International Organisations (Immunities and Privileges) Act (Cap. 145); or
(f) Unitholders which are real estate investment trust exchange-traded funds (“REIT ETFs”) which have been accorded the tax transparency treatment.

Implication: No tax will be deducted by default from you.

From BT 251022:

3 S-REITs reporting results aftermarket

Keppel DC REIT: https://links.sgx.com/1.0.0/corporate-annou...on%20Slides.pdf

Keppel Pacific Oak REIT: https://links.sgx.com/1.0.0/corporate-annou...te%20slides.pdf

Digital Core REIT: https://links.sgx.com/1.0.0/corporate-annou...al%20Update.pdf

Yea there's another one... MIT

Now not yet crisis, no rental defaults, forward currency and rate contracts all honored.

All we need is just one counterparty to fail or one creditor refuse to refinance a loan/facility.

Which one do you think have problem?

I am more worried for Ara US Hospitality Trust.

MIT results: https://links.sgx.com/1.0.0/corporate-annou...cfac2b65c74bba6

*DRP election available too.

Correction: DRP election available for those with SG address only.

This post has been edited by TOS: Oct 26 2022, 11:32 PM

Far East Hospitality Trust 3Q business updates: https://links.sgx.com/FileOpen/FEHT%203Q%20...t&FileID=735540

Ok ok SG management more kiasu kiasi on legal matters.

From BT 261022: