General S-REITs Discussion Thread

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limster

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homer123 said:
This FLCT has the best debt profile but was bog down by FX risk since its asset in OZ, Euro and Pound were down sharply. Despite the FX risk, I think the FLCT has performed exceptionally well with little DPU impact.
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I am vested in all the Frasers REITs and also F&N before it was bought out. However, the FHT saga has made me question the sponsor/management's commitment to shareholders. Looking at the metrics like dividend yield vs the Price/Nav suggests that something is not quite right when it comes to FHT.
 
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Andrew833

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BILLION DOLLAR CLUB: REITS
Frasers Logistics & Commercial Trust (FLCT) is one of the REITs under Frasers Property with a portfolio of more than 100 logistics and commercial properties worth around $6.5 billion spread over five major developed countries — Singapore, Australia, Germany, the UK and the Netherlands.

FLCT’s investment strategy is to invest globally in a diversified portfolio of income-producing properties. With strong connectivity to key infrastructure, FLCT’s modern portfolio consists predominantly of assets with freehold or long leasehold land tenure and a well-diversified tenant base.

FLCT was listed on June 2016 as Frasers Logistics & Industrial Trust and subsequently renamed FLCT on April 29, 2020, following the merger with Frasers Commercial Trust.

In the REIT’s most recent annual report for FY2021 ended September 2021, chairman and independent non-executive director Ho Hon Cheong reported that the REIT had enlarged its asset portfolio from 51 properties in Australia to 103 properties in the five markets. The value of the assets under the REIT has increased threefold over a five-year period, from $1.6 billion at IPO to $7.3 billion at the end of FY2021.

In FY2021, FLCT’s adjusted net property income increased by 37.5% from $258.3 million in FY2020 to $355.2 million in FY2021, helped by its merger with Frasers Commercial Trust as well as organic income growth. For the three years taken into consideration for the awards, FLCT’s PAT saw a CAGR of 31.7%, making it the winner in this category. In addition, FLCT was named the overall sector winner.

“While the pandemic-induced uncertainty continues to cloud the outlook for many industries, the outlook for the logistics & industrial and commercial sectors is expected to remain positive,” says Ho.
 
Dividends Warrior

Dividends Warrior

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1l92041H said:
awesome, looking forward to your content

some of the other financial blogger like lady you be free totally go into hiding when the portfolio tank, makes me think the purpose was to flex rather than to share knowledge
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Thanks for the support! I mainly update my blog for personal accountability. Many years later when I finally FIRE, there are historical records and stories I can look back on and savour. ;)
 
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churnmaster

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TehSi99

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churnmaster said:
Thanks. I thought so.

You built your portfolio over the last 12 years, so even with the drawdowns you'd be sitting on large unrealized gains in addition to the regular dividend income. However, that won't be the case for many others who started in the later years.
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The prices drop in Reits was fast and drastic. Things was looking fairly well in Reits before the aggressive interest hike.
 
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Andrew833

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TehSi99 said:
Would like to know more about your strategy. Do you like buy the good ones when it dropped like 10% from the last high or otherwise?
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I think all dividend investor should or already done this.
1. Study the stock (REIT) before you buy.
2. Read earning report and look at gearing ratio, debts, occupancy etc..
3. If the stock (REIT) has healthy debts and stable growth, time to invest when price is right.
4. When market is down or stock (REIT) is down, check the fundamental, if no changes, continue to hold.
5. When market big correction, same check fundamental, if no changes, continue to hold.
6. Price dip to YTD low, actually is a good time to add.
 
Forestraintree

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Wow I'm spot on. Fed remains hawkish. Creating possibility of higher terminal rates ( instilling fear, I'm calling it a bluff)

(Edit) They are raising 50 basis point this time, not 75 basis pts.

https://www.google.com/amp/s/www.cn...half-point-rate-hike-at-december-meeting.html

Let's see if my theory 2 will come true.


Forestraintree said:
Maybe.. though highly unlikely. At 5%, before we reached the end of 2 years, probably we will see companies defaulting on loans, high job cuts, and inflation would have reversed.. no reason why inflation would still stay high with such a scenario. Fed will then lower interest rate to a more sustainable rate where the economy can continue to function and grow and yet still keep inflation in check... the reason for an aggressive interest rate hike is to kill the high inflation .

Past history has shown that a wishy washy interest rate hike will keep inflation high and prolong the pain so a harsh one is necessary to instil fear into people... inflation is also due to people's expectation of future prices. Fed knows an actual hike to 5% will cause a lot of real pain.. so they hope instilling fear will suffice in taming inflation.

I have 2 theories...

Theory 1
based on the market strong rebound at the slightest slow changes in cpi, I would think Fed will realise they haven't instil enough fear. So they would probably still speak using harsh tone to instil more fear. But I seriously doubt they will raise by another 75 basis point.

Theory 2
Fed harsh stance is targetting crypto prices. As long as bitcoin is still above 10k, inflation is still considered high. Bitcoin is the leading indicator of inflation, ie people's expectation of future price on a really useless product. Inefficient as a transaction, huge carbon footprint , and generating multiplier effects thru algo sister coins which fed can't control. Bitcoin must fall....
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zeroX26

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Forestraintree said:
Wow I'm spot on. Fed remains hawkish. Creating possibility of higher terminal rates ( instilling fear, I'm calling it a bluff)

They raise 50 basis point this time, not 75 basis pts.

Let's see if my theory 2 will come true.
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What talking you? They raised 75 points in Nov, not 50. U dreaming ?
 
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