General S-REITs Discussion Thread

[weng0202]

Using CPFOA to buy CFA for long long term. As long as price dont drop below my purchase price, I am earning extra from the spread between the dividend and 2.5%.

How is the dividends holding up so far?

 

[TehSi99]

How is the dividends holding up so far?

Dividends for CFA is about 6% now, CPFOA is 2.5%.
As long as price dont drop, the gain is 3.5%. If price moves up above purchase price, that is a bonus. This is long term investment. Hopefully, dividends % also goes up based on purchase price.

The challenge with reits is entry price.

If price drop below 0.80, will buy more CFA. DYDD.

 

[terence2112]

Just bought 1000 units of FCT. Will just scoop it for dividends. About $60 every semi annual. Yield about 5.1%.

 

[Slowdown]

Just bought 1000 units of FCT. Will just scoop it for dividends. About $60 every semi annual. Yield about 5.1%.

I have no fate with FCT. Every time I queued for FCT and BUOU together (when REITS are down), I always get BUOU and not FCT. Now I have 4K units of BUOU and still none for FCT.

 

[limster]

I have no faith with FCT. Every time I queued for FCT and BUOU together (when REITS are down), I always get BUOU and not FCT. Now I have 4K units of BUOU and still none for FCT.

FLCT / BUOU now $1.09. almost breakeven for me (excluding dividends).

 

[ctan84]

FLCT / BUOU now $1.09. almost breakeven for me (excluding dividends).

Your cost so high ??? I average down till my cost is about 98 cents.

 

[endlssorrow]

I have no faith with FCT. Every time I queued for FCT and BUOU together (when REITS are down), I always get BUOU and not FCT. Now I have 4K units of BUOU and still none for FCT.

All u have to do is offer 0.05c more and u get fct liao

 

[TerryPower]

any recommendations for someone new?

I'm looking at MIT and FCT

 

[stanlawj]

Big news!! US big money is buying Singapore industrial properties!! At a premium! They are targeting mainly R&D especially life-sciences! That's your clue. Not those construction, food, logistics!

https://www.businesstimes.com.sg/pr...rial-assets-blackstone-soilbuild-private-reit

Warburg, Lendlease buy S$1.6 billion in industrial assets from Blackstone-Soilbuild private Reit​

They comprise business parks and high-tech industrial facilities tenanted to blue-chip companies

LENDLEASE and US private equity giant Warburg Pincus have acquired a S$1.6 billion portfolio of assets in Singapore from a Reit owned by Blackstone and Lim Chap Huat, Soilbuild : S7P +1.19%’s executive chairman, in a megadeal showing solidifying interest in industrial real estate.

The assets, spanning a total gross floor area of 4.5 million square feet, comprise business parks and high-tech industrial facilities tenanted to blue-chip companies across the life sciences, technology, advanced manufacturing and logistics sectors, the acquiring parties said on Tuesday (Aug 27).

The properties were held by the Soilbuild Business Space Reit, which was taken private by Blackstone and Lim in 2021 after Soilbuild faced difficulties in growing its portfolio and undertaking distribution per unit-accretive acquisitions.


Lim teamed up with Blackstone Real Estate to buy out minority investors at S$0.55 per unit, which was close to Soilbuild Business Space Reit’s book value. The transaction was valued at about S$700 million.

The Business Times understands that the assets changing hands in the S$1.6 billion deal are West Park Bizcentral, 2PS1, Solaris @ Kallang 164, Solaris @ one-north, Qualcomm Building, Eightrium @ Changi Business Park, and Tuas Connection.

Lendlease and Warburg are said to have outbid two other parties for the acquisition, including EZA Hill, an investor backed by East Asian private equity firm Hillhouse Capital.

One market observer noted that the pricing on the sale appeared rich, with the yield “very compressed”. Latest available data shows industrial rents in Singapore continued to rise 1 per cent in the second quarter of 2024, but are easing after climbing for 15 straight quarters.

Justin Gabbani, chief executive officer, investment management, at Lendlease, said: “This strategic acquisition underscores our commitment to the rapidly expanding life sciences and R&D real estate market in Asia-Pacific. The platform is well-positioned to capture opportunities in the sector. We look forward to building momentum and further scaling the business, as well as driving performance for our investment partners.”

The acquisition marks the first transaction for the joint-venture platform between Lendlease and Warburg Pincus since it was launched on Jul 31. The platform focuses on life sciences, and research and development real estate in Asia-Pacific.

---------------
Previously, a high profile acquisition at One-North:

USDSGD is sinking!!!
Brunei SWF bought One-North tech park from Ho Bee!

All these signs pointing to foreign funds flowing into SG to buy property-related investments!

https://www.mingtiandi.com/real-est...bee-singapore-life-sciences-complex-for-205m/

Brunei Sovereign Fund Buys Stake in Ho Bee Singapore Life Sciences Complex for USD$205M​

 

[Andrew833]

any recommendations for someone new?

I'm looking at MIT and FCT

MIT, MLT, FLCT all good.
FCT retail sector, didn't monitor

 

[ask_yip]

Youtube and blogger finance guru start talking about buying REITs again lol

 

[stanlawj]

I have no faith with FCT. Every time I queued for FCT and BUOU together (when REITS are down), I always get BUOU and not FCT. Now I have 4K units of BUOU and still none for FCT.

FCT at $2.25 and above is overpriced. Any future share placement, if any will be done between $2.20 to $2.30, just guessing only.

 

[1.koln]

any recommendations for someone new?

I'm looking at MIT and FCT

Can consider REIT ETF like CFA also

 

[Jirachi]

MIT, MLT, FLCT all good.
FCT retail sector, didn't monitor

What about MPACT?

 

[Jirachi]

Youtube and blogger finance guru start talking about buying REITs again lol

Just ignore those contents. They don't have an idea what they are talking about. Mostly are selling broker referrals.

 

[Jirachi]

Can consider REIT ETF like CFA also

Just curious. Under what circumstances or factor would someone buy a REIT ETF rather than picking individual REITs?

Would love to hear some opinions.

 

[Andrew833]

What about MPACT?

MPACT has been sell down since merger.
Fundamental is ok, HK and China properties are the main issues due to weak property market and other factors.
After more than 2 years of sell down, it's a good buy.
I just add more recently at $1.27.

 

[Andrew833]

Just curious. Under what circumstances or factor would someone buy a REIT ETF rather than picking individual REITs?

Would love to hear some opinions.

If you don't know how to pick a stock or REIT, then just buy a ETF.
Individual stock or REIT price may grow faster or slower than a ETF.
ETF hold a basket of stocks or REITs.

 

[Slowdown]

Just curious. Under what circumstances or factor would someone buy a REIT ETF rather than picking individual REITs?

Would love to hear some opinions.

I generally choose ETF when I need to do RSP. If lump sum, I generally go for individual Reits / Stock.

 

[Jirachi]

MPACT has been sell down since merger.
Fundamental is ok, HK and China properties are the main issues due to weak property market and other factors.
After more than 2 years of sell down, it's a good buy.
I just add more recently at $1.27.

Oh nice to know that you added recently. Because I also added. Currently owned the 3 Mapletree names.