General S-REITs Discussion Thread

[zzxiaoboizz]

Wa.....FCT burst!!!

Huat ah

Cannot be so fast got distribution again, right?

Er should be end april announce results

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[starfish.starfish]

Huat ah

Er should be end april announce results

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That's what I thought.
Also normally reits will come down abit before any Feds meeting.
Now it went up instead....hmmmm

 

[Darkzi0n]

dont be too focus on company performance and lose sight of the bigger pic. no matter how great the management is, they cant win against macroeconomic conditions (tho they may be able to 'lose' less).

looking at URA data, vacancy rate in the retail sector has been increasing since end 2013. rental price has been weakening since the start of 2015. retail space will increase by another 10% within next 3 years (alr in construction). lookin at US inflation data, the path is also cleared for the FED to raise interest rate (but not his month).

 

[Jazzbie]

dont be too focus on company performance and lose sight of the bigger pic. no matter how great the management is, they cant win against macroeconomic conditions (tho they may be able to 'lose' less).

looking at URA data, vacancy rate in the retail sector has been increasing since end 2013. rental price has been weakening since the start of 2015. retail space will increase by another 10% within next 3 years (alr in construction). lookin at US inflation data, the path is also cleared for the FED to raise interest rate (but not his month).

URA data includes lots of non REIT retail space which is not doing well. Those crowded malls (good location) usually belong to a REIT already. Very easy to tell if vivocity, plaza sing or causeway point are still doing well and any drop in price is just an opportunity to accumulate more MCT, FCT and CMT.

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[odie2108]

http://www.straitstimes.com/singapo...-fire-at-marriot-tang-plaza-hotel-cause-under

fire at TANGS

is it under any reit?

delisted?
tangs?

 

[Minx99]

That's what I thought.
Also normally reits will come down abit before any Feds meeting.
Now it went up instead....hmmmm

Kep Reit broke through the $1.00 barrier today and is now on it's way to level up with its cousin CCT. It is one of the few low hanging fruit left to be plucked

 

[JW2015]

Hypothetical question: if given choice, stock A give round up 10% dividend annually with little price change for past 5years. Stock B have capital gain of 18% annually for past 5years. which will you choose

 

[Perisher]

Hypothetical question: if given choice, stock A give round up 10% dividend annually with little price change for past 5years. Stock B have capital gain of 18% annually for past 5years. which will you choose

The one that has the most to gain lor.

 

[starfish.starfish]

Hypothetical question: if given choice, stock A give round up 10% dividend annually with little price change for past 5years. Stock B have capital gain of 18% annually for past 5years. which will you choose

Stock A, probability of dividend sustainability is higher than capital gain sustainability?

 

[JW2015]

Stock A, probability of dividend sustainability is higher than capital gain sustainability?

Somehow your comment jotted me into a whole new appreciation of dividend n sustainability

 

[limster]

Hypothetical question: if given choice, stock A give round up 10% dividend annually with little price change for past 5years. Stock B have capital gain of 18% annually for past 5years. which will you choose

Logically you would choose the 18% but the capital gain must be 'real' and not Enron type due to inflated MTM of derivative contracts.

In order to pay dividend regularly, you must actually have the cash.

To inflate share prices, you don't need the cash, all you need is creative accounting to inflate earnings (eg: Enron & MTM) to make it seem that EPS is growing, and the market will respond accordingly.

 

[NewInvestor]

limster. Thanks for highlighting Fraser HT. I had a look at it and liked it. Picked up some today. The yield looks good.

 

[lbs]

Hypothetical question: if given choice, stock A give round up 10% dividend annually with little price change for past 5years. Stock B have capital gain of 18% annually for past 5years. which will you choose

If stock b's dividend is low and both roa and roe with corresponding cashflow increases, I will be keen on b. If B happens to be a Reit then I will also look for an increasing property yield (or what my friend termed as cap rate lol).

Stock a is probably a matured company with little growth left and the homework for me will be to check for consistent cashflow, little to no debts, decent management and as much financial trickery that my limited experience can find.

 

[havetheveryfun]

Anyway I want to highlight FHT's CEO, I had many looks at it and liked it. Did not pick up any today. It looks good.

You had many looks at FHT's CEO and liked it ?

 

[tiny]

limster. Thanks for highlighting Fraser HT. I had a look at it and liked it. Picked up some today. The yield looks good.

Haze is coming again, tourism might be affected for several months.

 

[thegodfather]

Hyflux also lady CEO. Olivia Lum

Yeah, not many woman ceos ard in SGX...

 

[limster]

Haze is coming again, tourism might be affected for several months.

Which is why its good to hold REITs that own mainly foreign properties?

 

[JW2015]

Which is why its good to hold REITs that own mainly foreign properties?

Like cache and starhill?

 

[lbs]

Like cache and starhill?

i humbly suggest that cache could be a better bet than starhill
starhill's dpu and property yield is less consistent than cache, and have 2 large debts coming in the next two years.

 

[travmufc]

i humbly suggest that cache could be a better bet than starhill
starhill's dpu and property yield is less consistent than cache, and have 2 large debts coming in the next two years.

Based on historical info, SHG has a slowly growing DPU. In that aspect, I will say its better than Cache. And being an established REIT, I'm sure they can manage their debt refinancing without affecting DPU performance significantly.

Not suggesting it will be a better bet than Cache though since the price has ran up already, while Cache is still comparably attractive yield wise in the logistics REIT sector.