General S-REITs Discussion Thread

[akwl88]

reits dont look at earnings de la..........
payout ratio on the investment moat site is more useful when evaluating telcos

telcos they pay dividends out of earnings

example starhub earnings 20 cents and dividends 20 cents, that's 100% payout ratio


for reits IT DOES NOT PAY OUT FROM EARNINGS

reits and business trust pays out from FREE CASH FLOW

u have to understand this......................

u go look at some of the business trust... some making major losses every year, negative earnings yet can pay high yield

Stockbot the stock teacher

 

[JW2015]

reits dont look at earnings de la..........
payout ratio on the investment moat site is more useful when evaluating telcos

telcos they pay dividends out of earnings

example starhub earnings 20 cents and dividends 20 cents, that's 100% payout ratio


for reits IT DOES NOT PAY OUT FROM EARNINGS

reits and business trust pays out from FREE CASH FLOW

u have to understand this......................

u go look at some of the business trust... some making major losses every year, negative earnings yet can pay high yield

Those business trust u dare buy ah?
Rickers, Asian pay tv

 

[JW2015]

maybe u read up more on reits and business trust
how they work and how the numbers work

sorry if i sounded rude today, had a busy and tiring day

have a good week ahead sir

cheers and huat huat ok ^_^

Thank you for spending time to explain.

But some high yield really value trap, must look look see see many time then buy. Esp Rickers,.. Etcs

 

[wahkao3]

when we look at normal stocks
payout ratio means dividends/earnings

for reits... payout ratio
is the distribution over net property income

what is net property income? its total rental income received minus all expenses

net property income DOES NOT FACTOR IN DEPRECIATION, ASSET REVALUATION, FOREX or any one off charges..........

basically pay out ratio of reits of 90-100% is a rule by MAS... so that reits are force to pay out almost all of their net property income

in short NET PROPERTY INCOME = ALL RENTAL COLLECT -MINUS property&management fees

thanks for sharing.
where to get net property income figure? I cant find it anywhere?

 

[Tooi Kono Machi De]

Cache is logistics isnt it? Soilbuild also right?

Sian the Retail REITS all so damn high...

 

[Tooi Kono Machi De]

if over priced and above NAV, dont chase and dont over pay lor

i wouldnt be buying retail reits

I only buy reits when they trading at discount to nav to be safe

Yea thats why not chasing lor..Dun think they coming down anytime soon haiz

 

[Tooi Kono Machi De]

both are industrial reits but different segments

Cache is towards logistics assets

SB is towards industrial office

Prefer Cache then Will be looking to add MLT too.

Prefer CCT to Soilbuild even though yield is juicy

 

[OngHuatHuat]

need to paste this picture(Dyhalt portfolio) again:

Frasers H REIT = 0.0515 x 200000 = 10300
Starhill Global REIT = 0.0756 x 512000 = 38707.2

Total dividend for year 2015 = 49007.2
Average dividend per month = 4083.93 SGD

 

[Perisher]

http://soilbuildreit.listedcompany.com/newsroom/20160121_173104_SV3U_7W08PW2PW6MX9O76.3.pdf

page 8



u say till u so pro can use 30 seconds to analyze a company's FA

yet u dunno how to read the financial statements?

what a joke u are

face palm

He has a few key metrics that he glance through one... not everything also read, otherwise how to speed read 800 companies?

 

[birdbirdman]

Anyway for those vested in Ascendas HT, some updates.

http://infopub.sgx.com/FileOpen/Upd... 30032016.ashx?App=Announcement&FileID=395974

 

[Weaboo]

Anyway for those vested in Ascendas HT, some updates.

http://infopub.sgx.com/FileOpen/Upd... 30032016.ashx?App=Announcement&FileID=395974

huat argh... nav 84.2 sens!!!!!!!

 

[Bedokian]

Investment moats loh.
They need to pay minimum 90%.
But to maintain impression their dpu no drop.. But earning drop, they have to have higher payout ratio loh.. U tweak here there will show, u tweak there here will show.. Is like have small blanket, u cover leg, hand show.. U cover head, belly show

Stockbot is correct. REITs are to be treated like properties, where yield, NAV, gearing and WALE are the more important parameters to look at.

 

[birdbirdman]

huat argh... nav 84.2 sens!!!!!!!

Hopefully takeover at this price or even better ahh, got 1.1 or 1.2 p/b even better

 

[wahkao3]

http://soilbuildreit.listedcompany.com/newsroom/20160121_173104_SV3U_7W08PW2PW6MX9O76.3.pdf

page 8



u say till u so pro can use 30 seconds to analyze a company's FA

yet u dunno how to read the financial statements?

what a joke u are

face palm

thank you thnak you

 

[Weaboo]

Hope for 90 sens!!!

Hopefully takeover at this price or even better ahh, got 1.1 or 1.2 p/b even better

 

[Minx99]

Hopefully takeover at this price or even better ahh, got 1.1 or 1.2 p/b even better

Yes, I hope the buyer will be generous. I can do with some help to my bank account.

 

[winorlose]

buy for takeover haha

 

[Weaboo]

Why the nav so high yet the share boh move?

 

[thegodfather]

Cache ah cache the weak link of my portfolio. Lan lan really wait collect divvy only

 

[JW2015]

Cache ah cache the weak link of my portfolio. Lan lan really wait collect divvy only

divvy always take some pain away