Ascendas REIT reallocates assets to Australia

It divested assets in China while expanding presence down under.

Ascendas real estate investment trust is making a strategic move in divesting its assets to China and increasing its exposure in Australia.

According to RHB, Ascendas divested all its three industrial properties in China.

"The properties were divested well above book value and is positive amid current challenges, especially in Tier-2 and Tier-3 cities, in China’s industrial property segment," RHB said.

On the other hand, it has decided to increase its presence in Australia's industrial property market, from which 13% of its portfolio is located.

"We think this is a good opportunistic move by the REIT as Australian assets provides stability, with their triple net lease structure and a built-in annual rental escalation of 3-4% pa. The high cap rates (~7%) of Australian industrial properties also allows it favourable yield accretive acquisitions in future," the brokerage firm noted. 

- See more at: http://sbr.com.sg/commercial-property/news...h.bIc2JlOs.dpuf

http://sbr.com.sg/commercial-property/news...ssets-australia

Yeah,... but even better if we can dip our fingers directly into Australian assets itself,...

Need not remain proxy behind these SG managers,....

To get a 'feel' of these counters, at present Stanchart Singapore offers quite good brokerages for investing into the Australian Securities Exchange, the ASX !

If you have AUD notes in-hand, you can open a Multi Currency Account (MCA) with DBS Singapore, and then bank-in your notes into the AUD Wallet of your MCA. No extra charge to bank-in Aussie notes,....

Then, if you wished to buy Aus counters with these notes, you can open a brokerage account with DBS Vickers, and buy using your Aussie Dollars banked-in earlier.

Otherwise, you can TT over your AUDs in the normal way,...

Moving to AU = buying a property for future stay. Takkan want to rent.

Well,... I hold CUP. And I'm watching this ctr closely,... even if they chop the dpu, the current yield is high enough for it to withstand a dpu chop !

What is the intention of yr investments ? Dividend or capital appreciation ?

As I understand, foreigners are slapped with 30% withholding tax flat ... so u need to take 30% off from the dividend u received.

Yes auto deducted as they are the few countries still using the 2 tier franking system.

So if the gross dividend yield is 9% like NAB now, the net yield is 6+%. Lower than many Sreits.

For dividend stock, Sreit may be better

For volatility, ASX may have more opportunity

If like that, better I go the US way with only 15% with holding tax if bought via LSE. Or the HK way where it's tax free. Anyone please correct me if I am wrong.

The FOOL seems to be still quite bullish on CUP

http://www.fool.com.au/2017/02/17/why-the-...rice-plummeted/

AUD down to 3.365 to MYR

AUD:MYR at 3.326

Yeah prophet,.. your NRZ divvy will be paid out in April 28th., Friday,.. 48.00 US Cts per share.

If there is a withholding tax imposed, you will receive only 33.60 US Cts per share.

Otherwise, you will receive the FULL 48.00 US Cts per share.

Let's observe together,....

Added : Actually NRZ is a US REIT, into resudential properties, hence, different in investment objectives from Manulife US REIT. The price has been onan appreciating trend for the last 5 tp 6 year, and the divvy payout has been growing from 45 US Cts to 48 US Cts this round !

Judging from all these quick-look data, I noticed this ctr is very attractive. Great work, prophet,...

Divvy payout is quarterly, and the current annualized dpu = 1.92 US Cts. Against the last done price of USD17.28, the yield works out to be 11.12%. If there is going to be a WHT imposed, we will still be able to catch a yield of 7.784%.

Earning 7.784% is always better than earning USD Term Deposit rates,...

https://www.dividendchannel.com/history/?symbol=NRZ

http://www.dividend.com/dividend-stocks/fi...t-history-chart

You do know this is NYSE not ASX right?

Tmrw we shall queue for BOQ.

My records indicated the Ex-Date was 17 April,.. last Monday,.. perhaps I am wrong,... where did you refer ?

Yes, pay day is on 17 May.

The bank stocks are coming down.

Hansel. I think I will join you in ASX. Reason as below  The question now is how to open brokerage account 
Hansel, what's the min purchase in AU? is it 100/1000 shares?

elea88 I am not buying SG banks anymore. Stingy banks.     There's an article today which said:

https://www.bloomberg.com/gadfly/articles/2...-own-j-p-morgan