General S-REITs Discussion Thread

[d5dude]

What I am trying to say is we assume demand is there. Not sure why people are comparing 1997 to 2023. We aren’t even at 1997 yet. Everyone has so much money including the Chinese all trying to bring money out of China. Is any of the currency crashing and becoming like banana notes in 1997? Also many are talking cock about the lack of supply. Just google the companies in Marina Bay financial centre and many of those companies are not even in the Forbes top 10.

Let’s see lo. Next few years whether demand will totally be gone

Assume demand > supply then rents will go up regardless of IR. The pt I was trying to make is that IR is irrelevant, it has zero correlation with rents.

 

[d5dude]

Malls needs to be right beside MRT in order to flourish.

Btw, resi rents was quite depressed between 2013-2020…..stagnate and even drop by 20-30% depending on developments. Some condo older projects the recent rental hike basically recovered back to 2010-2012 peak.

Yes newer condos can fetch higher rents, devs near amenities and mrt tend to have more resilient demand too. Again none of these things have anything to do with interest rates.

 

[stanlawj]

S-REITS... talk big about growth plans during current high-interest rate, which is code word for growing NAV = more % fees for asset manager.

I have yet to hear any S-REIT do share buybacks more than the shares issued.
Keppel REIT is really pathetic: issue 12.5M shares to manager EVERY 4 months (1 quarter), buyback in 1 quarter so far is only 10.5M shares??

MPACT still issuing units to manager, no share buybacks!
These REITS probing new year lows are good for short-term trading (buy the bounce, sell the rip) only.

 

[stanlawj]

Newest SREITS comparison:
https://dollarsandsense.sg/s-reits-report-card-2023-singapore-reits-performed-3rd-quarter-2023/

 

[yumsang]

CLAR WLWLSMDWL

 

[direbmem]

STI ETF has amazingly managed to maintain its level and even increase a little thru out the high interest rate environment. Will it likely explode upwards once interest rates decrease as it has a high Reits component?

 

[d5dude]

STI ETF has amazingly managed to maintain its level and even increase a little thru out the high interest rate environment. Will it likely explode upwards once interest rates decrease as it has a high Reits component?

3 banks make up 45% of STI while reits + all the property developers make up less than 20% of STI.

 

[zeroX26]

STI ETF has amazingly managed to maintain its level and even increase a little thru out the high interest rate environment. Will it likely explode upwards once interest rates decrease as it has a high Reits component?

Since when siah? U go see the weightage allocation carefully.

 

[direbmem]

Since when siah? U go see the weightage allocation carefully.

Ok la, 20-30% weightage also quite high what..

 

[sohguanh]

Ok la, 20-30% weightage also quite high what..

Oldbird many years ago say whack the 3 local bank stocks guaranteed eat. Some truth in it.

 

[TehSi99]

Ok la, 20-30% weightage also quite high what..

I have seen days when the 3 banks hold up STI index while ALL the rest of STI components are in red.

The 3 banks has a big piece of the pie. Reits has little impact on STI index and not all of them are the same or similar performance.

 

[d5dude]

Ok la, 20-30% weightage also quite high what..

Its less than 20%, and that is if we include the property developers.

 

[OngHuatHuat]

I have seen days when the 3 banks hold up STI index while ALL the rest of STI components are in red.

The 3 banks has a big piece of the pie. Reits has little impact on STI index and not all of them are the same or similar performance.

REiTs and telecoms used to have a much bigger piece, but their performance cui.
banks on the other hand, rising non stop, dbs rose form 13 dollars from year 2013 to 34 dollars today. Of course the pieces getting bigger and bigger.

 

[stanlawj]

UST 10yr marching to 4.8%. And all this while, BoJ haven't loosen their grip on JPY bond YCC yet!

Now's going to be interesting.... how low can SREITS go, and how long can Keppel DC Reit keep staying up?

I have no SREITS, so I'm interested to buy low, as low as possible.

If market believes Fed will cut rates by Q4 2024, then SREITS will bottom soon.

 

[homer123]

UST 10yr marching to 4.8%. And all this while, BoJ haven't loosen their grip on JPY bond YCC yet!

Now's going to be interesting.... how low can SREITS go, and how long can Keppel DC Reit keep staying up?

I have no SREITS, so I'm interested to buy low, as low as possible.

If market believes Fed will cut rates by Q4 2024, then SREITS will bottom soon.

While reit could be hitting its longest bear market, its price drop is still holding well compare to the previous crisis.. A slow death is the most painful

 

[DevilPlate]

UST 10yr marching to 4.8%. And all this while, BoJ haven't loosen their grip on JPY bond YCC yet!

Now's going to be interesting.... how low can SREITS go, and how long can Keppel DC Reit keep staying up?

I have no SREITS, so I'm interested to buy low, as low as possible.

If market believes Fed will cut rates by Q4 2024, then SREITS will bottom soon.

Yng man no need Sreits lah.

Reits for old retirees lol

 

[Iyarash11]

tua lao sai jiin jialat

 

[geotwm]

sai laoo finish now lao blood

 

[zeroX26]

sai laoo finish now lao blood

Put tampon.

 

[sohguanh]

Some REIT keep hitting new 52 week low. Oldbird advise buy at their 52 week while logical is till causing red on my recent buy. Need to re-strategise aka replenish capital hmmm but year end bonus still 3 months away