General S-REITs Discussion Thread

[thretiredDad]

All anticipating July rate cut.

https://www.reuters.com/business/fe...after-powell-doesnt-rule-out-july-2025-07-01/

 

[DevilPlate]

The new target is like upside of 20-40%.

If that happens, then time to sell my long time bag holding reits.

A good indication to start selling if CFA/CLR etf ever hit $1

 

[Velton]

A good indication to start selling if CFA/CLR etf ever hit $1

It was $1.1 though.. haha

 

[ask_yip]

from uobkayh this morning

• Every dog has its day. Singapore is a safe haven as it benefits from having the lowest reciprocal tariff of 10%. The flight to quality has led to three-month compounded SORA easing by a massive 98bp to 2.09% in 1H25. Surprisingly, the steep drop in 3M SORA has not triggered any positive unit price movements for S-REITs. We argue that a broader recovery in liquidity triggered by potential Fed rate cuts in 4Q25 could eventually lift unit prices for S-RElTs.
• Lowering assumptions for risk-free rate. The 10-year Singapore government bond yield eased 60bp to 2.26% in 1H25. We have raised our target prices for S-REITs by an average of 10.5% after adjusting risk-free rate lower by 50bp from 3.0% to 2.5%.

Noted : s-REITs target price raised
an average of 10.5%

too optimistic lol

 

[ask_yip]

It was $1.1 though.. haha

the good old days

 

[Velton]

the good old days

Now chance to buy lower!!

 

[ask_yip]

Now chance to buy lower!!

been dca using RSP for years

just close eyes and collect dividend quarterly

 

[TehSi99]

been dca using RSP for years

just close eyes and collect dividend quarterly

As long as no major capital loss, collect dividends is good too.

 

[ask_yip]

As long as no major capital loss, collect dividends is good too.

breakeven only

but not yet sell so still got chance to make back lol

 

[thretiredDad]

today the REITs lacklustre

federal meeting last week of July

 

[highsulphur]

today the REITs lacklustre

federal meeting last week of July

I believe it's on a up trend

 

[thretiredDad]

I believe it's on a up trend

Blowout June Payrolls: 147K Jobs Added, Smashing Expectations; Unemployment Rate Drops To 4.1%​

no rate cut likely in July

 

[snowcrabramyeon]

Blowout June Payrolls: 147K Jobs Added, Smashing Expectations; Unemployment Rate Drops To 4.1%​

no rate cut likely in July

Rate cut already happening in Singapore and elsewhere. So unless the REIT you hold has debts denominated in USD, you should expect the borrowing cost to start coming down soon.

 

[DevilPlate]

Rate cut already happening in Singapore and elsewhere. So unless the REIT you hold has debts denominated in USD, you should expect the borrowing cost to start coming down soon.

Example MIT hold a fair bit of USD debts

 

[thretiredDad]

Example MIT hold a fair bit of USD debts

USD/SGD 1.2742

 

[thretiredDad]

Q&m dental bonds
Ipg at 4.35%
over subscribed many folds

Eventually priced at 3.95% pa
3 years short tenor

Yes — this is a textbook case of SG investors chasing yield

 

[snowcrabramyeon]

Example MIT hold a fair bit of USD debts

Yes, MIT is one. But there are plenty of other REITs that doesn't have USD denominated debts.

 

[DevilPlate]

10y SGS drop further to 2.07%

We are collecting 4% premium above it.
Cheers.

 

[Jirachi]

USD/SGD 1.2742

14 July can’t come fast enough. MAS likely have to shift mid point on the SGD.

 

[linusz]

from uobkayh this morning

• Every dog has its day. Singapore is a safe haven as it benefits from having the lowest reciprocal tariff of 10%. The flight to quality has led to three-month compounded SORA easing by a massive 98bp to 2.09% in 1H25. Surprisingly, the steep drop in 3M SORA has not triggered any positive unit price movements for S-REITs. We argue that a broader recovery in liquidity triggered by potential Fed rate cuts in 4Q25 could eventually lift unit prices for S-RElTs.
• Lowering assumptions for risk-free rate. The 10-year Singapore government bond yield eased 60bp to 2.26% in 1H25. We have raised our target prices for S-REITs by an average of 10.5% after adjusting risk-free rate lower by 50bp from 3.0% to 2.5%.

Noted : s-REITs target price raised
an average of 10.5%

shall buy clas and keep since most % and DPU increasing
unless recession/another pandemic