General S-REITs Discussion Thread

[d5dude]

How can that be? I’m almost up 20-30% for most counters before last week. Even right now, still up quite a bit. Waiting for more juicy prices to arrive then start to buy some more

Its up 20-30% from multi-year lows, zoom out a little...

 

[limster]

I used some of my Astrea VI refund to buy FLCT today $0.905. The investment thesis is that defence related demand means industrial production will remain strong, so logistics and industrial properties will remain in demand. Also, defence-related demand doesn't have to be old-school defence stocks but whoever makes consumer parts that can be adapted for drones/drone countermeasures etc.

Interest rates remain a risk but I doubt we are going to see rate hikes even with inflation. Trump may want to force a Ukraine deal so that Russian oil can start flowing everywhere, not just to China...

 

[Nipponho]

I used some of my Astrea VI refund to buy FLCT today $0.905. The investment thesis is that defence related demand means industrial production will remain strong, so logistics and industrial properties will remain in demand. Also, defence-related demand doesn't have to be old-school defence stocks but whoever makes consumer parts that can be adapted for drones/drone countermeasures etc.

Interest rates remain a risk but I doubt we are going to see rate hikes even with inflation. Trump may want to force a Ukraine deal so that Russian oil can start flowing everywhere, not just to China...

i think you are very bold and daring. The risk of rate hike is very real now. The situation is much worse than people expected. It is not only oil supply disrupted. Fertiliser supply are also disrupted. Fertilisers come from that area too. This can reallly trigger food inflation. 90 cents quite nice. 18% discount, gearing also not bad.

 

[limster]

i think you are very bold and daring. The risk of rate hike is very real now. The situation is much worse than people expected. It is not only oil supply disrupted. Fertiliser supply are also disrupted. Fertilisers come from that area too. This can reallly trigger food inflation. 90 cents quite nice. 18% discount, gearing also not bad.

I like to buy stocks when people are fearful.

 

[apriliasiao]

i think you are very bold and daring. The risk of rate hike is very real now. The situation is much worse than people expected. It is not only oil supply disrupted. Fertiliser supply are also disrupted. Fertilisers come from that area too. This can reallly trigger food inflation. 90 cents quite nice. 18% discount, gearing also not bad.

Too much macroeconomics reading doesn't really help in long term investing.

 

[Nipponho]

Too much macroeconomics reading doesn't really help in long term investing.

cannot ignore these developments. It will have an direct impact on reits price. You can call it long term investing, but it will not feel good to see your counters in red everyday for years. For past 2 years, people in this thread are crying and lamenting. Only recent months there is slight reprive. If you can tahan the downturn, then good for you, but what happen if you hold small small reits? it may just perish.

 

[Nipponho]

I like to buy stocks when people are fearful.

the fear may not have reached climax yet. Perhaps you are mentally resilient and can tahan the ride downwards, plus FLCT is not small reit, so it can survive.

you see russia ukraine war, only grains were disrupted, already sent inflation and interest rates elevated for 2 years and reits lao sai big time. This time, it involves oil and what was not reported until these few days is the fertilisers, and this can be very fatal. Oil + fertilisers double whammy. I am hoping for someone to die. If he dies, and regime removed, all pessimisim and havoc will almost immediately disappear. Then we don't have to wait so long for entry, and you won't have to tolerate the ride down.

 

[limster]

the fear may not have reached climax yet. Perhaps you are mentally resilient and can tahan the ride downwards, plus FLCT is not small reit, so it can survive.

no one can predict when max fear occurs, but my experience is that buying when people are fearful makes me money.

just nice, my 50k+ of Astrea VI was redeemed last week so I have some spare cash which I have used for FLCT and other counters.

 

[apriliasiao]

the fear may not have reached climax yet. Perhaps you are mentally resilient and can tahan the ride downwards, plus FLCT is not small reit, so it can survive.

you see russia ukraine war, only grains were disrupted, already sent inflation and interest rates elevated for 2 years and reits lao sai big time. This time, it involves oil and what was not reported until these few days is the fertilisers, and this can be very fatal. Oil + fertilisers double whammy. I am hoping for someone to die. If he dies, and regime removed, all pessimisim and havoc will almost immediately disappear. Then we don't have to wait so long for entry, and you won't have to tolerate the ride down.

Why wait? Isn't the best time to enter when all fear is in, like limster said, best time to make $ is when people is fearful? When STI is known as terrible index at 2500 point, i wack $30k and hold till now, i can say sibei song. Those who wait missed the boat.
REITS now for nothing kanna bash down because of the war, i increase my stakes in CLR further. Drop more buy more.

 

[lunafan]

Still very expensive now, i don’t like to average up
Just waiting on the side line hoping prices fall more

 

[limster]

Singapore’s Mapletree Investments will liquidate a property fund that once had assets above US$1.4 billion, after its bets on college accommodation in the UK and US suffered years of underperformance.

The Mapletree Global Student Accommodation Private Trust, almost three years after halting regular payments to investors, finally came to an end on March 16, according to documents seen by Bloomberg News. Its net internal rate of return by the end of last year was just 1.1 per cent, well short of its initial target of 12 per cent, the documents show.

The fund – which now has assets of around US$700 million – had asked its investors to give it more time before returning their capital. But at a vote earlier this month its investors rejected the plans. That has pushed the fund into wind-down, meaning it may ultimately need to sell assets at steep losses to give investors their money back.


The documents indicate that investors are likely to get back less than 80 per cent of the capital they committed for the fund’s remaining assets after they are sold, although distributions in the fund’s early years may help soften the blow. Mapletree has warned of further drops in the value of its remaining assets and said “there is no certainty that all assets can be divested promptly and at the targeted price within the one-year timeframe.”

https://www.businesstimes.com.sg/si...own-fund-us1-4-billion-student-dorm-bet-sours

Not a listed REIT, but shows that student accommodation may not be a sector you want to put money in..... if you want to be a landlord maybe make sure your main tenants are not people who aren't earning any salary...

 

[waxqube]

How do people value REITs? So many REITs are priced close to or below NAV. Even the "strong" REITs. Of course NAV isn't everything and it's true the environment is currently very uncertain, but then when to buy? When peace comes to middle east? When inflation ends?

 

[weng0202]

How do people value REITs? So many REITs are priced close to or below NAV. Even the "strong" REITs. Of course NAV isn't everything and it's true the environment is currently very uncertain, but then when to buy? When peace comes to middle east? When inflation ends?

Buy when prices are depressed is your best bet.

 

[limster]

Buy when prices are depressed is your best bet.

and prices are usually depressed when there is fear

 

[Nipponho]

most unfortunately my fear came true.

and prices are usually depressed when there is fear

 

[limster]

most unfortunately my fear came true.

I decided to fund my SRS account and bought Lion Global All Seasons unit trust using SRS.

Also transferred funds to my IBKR account this morning. Waiting for LSE market to open so that I can start buying World and S&P500 ETFs.

FLCT only 0.89 still far from the 52 week low. I will buy some more around 0.85 but I doubt that it will go that low. I expect most of the sales to be in the US market this week.

 

[limster]

I bought some S&P500 ETF on LSE before US market open.... in case TACO and market turn green, better get some purchases in first.

 

[Shion]

Commentary: Amid the Iran war, is it all doom and gloom for Singapore-listed REITs?​

The Iran war has thrown a spanner in the works in what would have been a cyclical rebound year for Singapore-listed REITs, says former editor and financial journalist Ven Sreenivasan.

https://www.channelnewsasia.com/com...reits-stock-market-iran-war-investing-6020701

 

[Nipponho]

situation does not look good. Chances of rate hike in near future looks very possible. Worse still, Iran refused to compromise causing the talks to fail. Markets still calm as of now, but later don't know how it will play out. Hope Donald Trump can finish the job as soon as possible. This time it looks more severe than covid.
https://www.straitstimes.com/singap...out-from-middle-east-energy-crisis?ref=latest

 

[limster]

I used some of my Astrea VI refund to buy FLCT today $0.905. The investment thesis is that defence related demand means industrial production will remain strong, so logistics and industrial properties will remain in demand. Also, defence-related demand doesn't have to be old-school defence stocks but whoever makes consumer parts that can be adapted for drones/drone countermeasures etc.

Interest rates remain a risk but I doubt we are going to see rate hikes even with inflation. Trump may want to force a Ukraine deal so that Russian oil can start flowing everywhere, not just to China...

i think you are very bold and daring. The risk of rate hike is very real now. The situation is much worse than people expected. It is not only oil supply disrupted. Fertiliser supply are also disrupted. Fertilisers come from that area too. This can reallly trigger food inflation. 90 cents quite nice. 18% discount, gearing also not bad.

situation does not look good. Chances of rate hike in near future looks very possible. Worse still, Iran refused to compromise causing the talks to fail. Markets still calm as of now, but later don't know how it will play out. Hope Donald Trump can finish the job as soon as possible. This time it looks more severe than covid.

I last bought FLCT at $0.905 and pleasantly surprised that it has gone up to $0.95. Hopefully can continue to climb so that I can breakeven (excl dividend, incl dividend I think I have just broken even)