General S-REITs Discussion Thread

addict951

High Honorary Member
Joined
Feb 12, 2002
Messages
159,138
Reaction score
150
ARA lobos vestors, 请问
0.0156 CD announced
For the period 01.01 to 15.04.21
The announcement said “advanced distribution”
Advanced for what ar? 都没有placement ah?
 

peppermint7

Master Member
Joined
Feb 1, 2018
Messages
4,269
Reaction score
29

Opps-gal

Master Member
Joined
Jun 14, 2007
Messages
4,313
Reaction score
105
ARA lobos vestors, 请问
0.0156 CD announced
For the period 01.01 to 15.04.21
The announcement said “advanced distribution”
Advanced for what ar? 都没有placement ah?

Just read the last few post to find the info.
 

zoneguard

Senior Member
Joined
Jun 2, 2000
Messages
1,293
Reaction score
2

Panerex

Supremacy Member
Joined
Nov 29, 2010
Messages
5,145
Reaction score
9
Any idea when is FLIT’s expected first dividend XD for 2021?

it seems they have not declared any for YTD2021
 

Andrew833

Supremacy Member
Joined
Apr 7, 2017
Messages
8,521
Reaction score
23
Today's announcement from FTSE: https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2599895

FLCT's market cap based on today's closing price is 5.006B based on https://finance.yahoo.com/quote/BUOU.SI/ which should be the highest in the STI reserve list.
FLCT no more reserve, already in STI component liao. Huat Ah!!!! $1.60?
 

powerfulhorse

Junior Member
Joined
Mar 28, 2010
Messages
58
Reaction score
0
I am using poems and held Soilbuild Reit shares. Now that the stock been suspended and removed, may I ask what happens to my monies now? will poems automatically transfer the monies to my linked-dbs account? sry for noob question
 

simon_84

Supremacy Member
Joined
Mar 14, 2008
Messages
8,507
Reaction score
5
I am using poems and held Soilbuild Reit shares. Now that the stock been suspended and removed, may I ask what happens to my monies now? will poems automatically transfer the monies to my linked-dbs account? sry for noob question
first up, did CDP mail you any corporate action and did you take any action ?

please check soilbuild thread for more updates.
 

Sadisticnoob

High Supremacy Member
Joined
Jun 12, 2006
Messages
35,424
Reaction score
25
LP45eYi.png

Reit quarterly return for Q1 2021.

Performance is lagging behind STI . Generally.
 

Paul Lee

Supremacy Member
Joined
Jan 1, 2000
Messages
5,420
Reaction score
6
I am using poems and held Soilbuild Reit shares. Now that the stock been suspended and removed, may I ask what happens to my monies now? will poems automatically transfer the monies to my linked-dbs account? sry for noob question

First of all, it does not matter if you are using POEMS, Vickers UOB-KH or any other securities firm.

Second, the REIT has been privatised. So you will receive a payment of $0.55 per unit on 12 Apr 2021.

How will you receive the money? The same way you are receiving dividends and distributions from CDP currently (probably the above-mentioned linked DBS account)
 

powerfulhorse

Junior Member
Joined
Mar 28, 2010
Messages
58
Reaction score
0
First of all, it does not matter if you are using POEMS, Vickers UOB-KH or any other securities firm.

Second, the REIT has been privatised. So you will receive a payment of $0.55 per unit on 12 Apr 2021.

How will you receive the money? The same way you are receiving dividends and distributions from CDP currently (probably the above-mentioned linked DBS account)
thank you for your replies
 

mrclubbie

High Honorary Member
Joined
Oct 24, 2008
Messages
190,980
Reaction score
1,851
PhillipCapital keeps buoyant outlook on S-REITs, which are expected to resume DPU growth


PhillipCapital analyst Natalie Ong has maintained her “overweight” outlook on Singapore REITs (S-REITs) amid catalysts expected from the pick-up in the Singapore economy.

According to the report dated April 12, all sub-sectors are in the green with the exception of healthcare at -0.1%. Office REITs are the biggest gainers at +8.5%.

As Singapore’s economy starts its recovery trend, Ong foresees that rental relief requests will taper off.

“S-REITs are expected to resume positive DPU growth, with all sectors except hospitality recovering to pre-pandemic DPU levels,” she says.

The REITs under PhillipCapital's coverage are expected to deliver FY2021 DPU yields of 3.6% to 8.8%, she adds.

On this, Ong says she prefers the retail and industrial sub-sectors, with her top picks being Manulife US REIT (MUST) and Ascendas REIT (A-REIT). PhillipCapital has rated MUST and A-REIT at “buy” with target prices of 84 US cents ($1.13) and $3.64 respectively.

In her sector round-up, retail REITs are unlikely to be impacted by the standardisation of contract terms in the Fair Tenancy Framework introduced on March 26. Central malls are also likely to see a boost in numbers from returning office crowds on April 5.

“That said, weaker leasing demand and lower rents may persist for some time as tenants rationalise costs. Dominant central and suburban malls which are located near transport nodes are likely to be prioritised when retailers consolidate stores,” she says.

DBS Group Holdings, on April 9, announced that it will be giving up two and a half floors of its current space in Tower 3 of the Marina Bay Financial Centre (MBFC) in December, three years earlier than the expiry of its 12-year lease for 700,000 sq ft on 22 floors signed in December 2012.

The building is jointly owned by Keppel REIT, DBS and Hongkong Land.

PhillipCapital has issued unrated reports on Keppel REIT and Hongkong Land. The brokerage has rated DBS at “accumulate” with a target price of $29.50.

As DBS joins the likes of other financial institutions in trimming their office space, Ong says the office market is “likely” to face some “leasing pressure” from downsizing in favour of hybrid or rempote working arrangements.

In the hospitality sub-sector, revenue per average room (RevPAR) was down 46% y-o-y in February while hotel occupancies stood at 44% and 42% in January and February respectively. Some 73% of Singaporeans have not utilised their SingapoRediscover Vouchers yet, and Ong sees the sector as likely to face another boost in occupancies during the upcoming June school holidays.

Rising interest rates

While rising interest rates are expected to hurt REITs, Ong says she expects further interest rate growth to be capped in the near term.

Across the sectors, retail REITs hedge the least against rising 10YSGS yields at 54.3% of their fixed-rate debts. The other sub-sectors employ hedge ratios of above 72%.

“10YSGS yields climbed 83basis points (bps) from 4Q2020’s 0.89% to 1.72% at the beginning [of] April. Our sensitivity analysis suggests that in the worst case assuming no hedging, a 100bps increase in borrowing rates will result in a -6.1% to -29.6% impact on FY2021 DPUs,” writes Ong.

“If the various interest-rate hedges that REITs employ are taken into consideration, a 100bps increase in borrowing rates will have a 0% to -15.7% impact on FY2021 DPUs for REITs under our coverage.”

“Overall, the impact of rising interest rates should be mitigated by hedging strategies and well-distributed debt maturities ranging from three to seven years,” she adds.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.
Top