General S-REITs Discussion Thread

[havetheveryfun]

Why abt Kep reit?
Or Suntec reit?

if retail reits, u can go there recce first

 

[yihao93]

Weak consumer sentiment is to blame.
Retail landlords will have to be more flexible with their tenants after islandwide first-storey rents dropped 5.9% in 2015, on back of weak consumer sentiment and uncertain global economic conditions.
According to DTZ, average islandwide first-storey retail rents fell by 1.2% quarter-on-quarter to about $30.50 per sq ft in the last quarter of 2015, marking the third consecutive decline since Q2.
For the whole of 2015, average first-storey rents fell at a faster pace of 5.9% compared to the slower decline of 0.3% in 2014.
Among the various regions, rents in Orchard/Scotts Road were the most resilient in 2015. Rents in the prime shopping belt dropped by a marginal 1% quarter-on-quarter to $38.05 per square feet in the last three months of the year, supported by the lack of new completions in the next four years.
Meanwhile, average first-storey rents in the suburban areas dropped by 1.2% q-o-q to $30.70 per sq ft. In contrast, average first-storey rents in the other city areas registered a greater decline of 1.4% q-o-q.
"The larger decline in rents in the other city areas was largely due to area's dependence on the weekday office crowd for sales volume. Although islandwide rental values have softened over the past year, occupancy rates remained healthy from Q1 to Q3 2015 as landlords become more flexible," said DTZ.

 

[odie2108]

I can't decide between Suntec, FCT or CMT
Lol
MGCCT is also retail partly too

 

[Genosis]

I can't decide between Suntec, FCT or CMT
Lol
MGCCT is also retail partly too

Can get CMT and FCT first. They are more stable.

 

[Tooi Kono Machi De]

Can get CMT and FCT first. They are more stable.

Leaning towards FCT cos they not in the ETF although I prefer CMT... Since I have limited bullets need to pick targets.

Ome thing Im concerned about though is that the large crowds at malls can be misleading as not many retail shoppers... Many go there wondow shop or jiak peng nia. Malls like become more atas coffess shop liao

 

[Genosis]

Leaning towards FCT cos they not in the ETF although I prefer CMT... Since I have limited bullets need to pick targets.

Ome thing Im concerned about though is that the large crowds at malls can be misleading as not many retail shoppers... Many go there wondow shop or jiak peng nia. Malls like become more atas coffess shop liao

Very difficult to choose between CMT and FCT. But if point a gun at my head and force to choose. I will probably choose CMT too for long-term holding.

Yes, totally agree with u. Malls are indeed becoming atas coffee shops. In the past, the common stores are the fast-food restaurants. Nowadays, most malls have Starbucks and Coffee Bean. People seem to be drinking coffee at all hours. Expensive ones too!

Discretionary spending power in Singapore is rather high.

 

[Genosis]

FCT shot through the roof, CMT still stuck in range...
No chance to buy cheap at all...there is simply no crisis at all compared to other STI stocks which drop.

Yup, pretty much business as usual at the local shopping malls.

Once the CDs are announced over the next two weeks, REITs could fly even more.

 

[DriftKing]

A quick qns on Keppel DC Reit yesterday announcement, Ex Date on 20 Jan is only for receiving the 1.73cents divvy or with the 1.55cents divvy also?

 

[Genosis]

A quick qns on Keppel DC Reit yesterday announcement, Ex Date on 20 Jan is only for receiving the 1.73cents divvy or with the 1.55cents divvy also?

For both.

 

[Tooi Kono Machi De]

FCT shot through the roof, CMT still stuck in range...
No chance to buy cheap at all...there is simply no crisis at all compared to other STI stocks which drop.

Hannor.. Wanna buy CMT alsobut dun dare buy also cos no drop at all. Seems to be unaffected by all the negativity.. For now

 

[starfish.starfish]

I can't decide between Suntec, FCT or CMT
Lol
MGCCT is also retail partly too

Actually if you only have 1k, I don't think you will go wrong with either FCT or CMT. I don't have CMT so cannot advise on the price movements, but FCT has been pretty stable.

My average price is 1.795. The highest price range so far was 2.33, lowest was 1.695 (only started tracking after I bought). Annual yield range from 5.84% to 6.47% since 2013.

CD season coming, if you don't want to get the distribution for this round, can sit out and see first loh.

 

[Squaredot]

I am new to reits, but maybe u can look at the financials of the 2 and compare...it seems to me 1 is better...and the market seems to be hinting

dun get which 1 u referring to

 

[odie2108]

The one that moves up more! Check the market price...anyway I am noob...

CapitaMall Trust 1.920 +0.030
Frasers Cpt Tr 1.895 +0.035

 

[yihao93]

CapitaMall Trust 1.920 +0.030
Frasers Cpt Tr 1.895 +0.035

think cos report say retail up

 

[havetheveryfun]

FCT shot through the roof, CMT still stuck in range...
No chance to buy cheap at all...there is simply no crisis at all compared to other STI stocks which drop.

CMT did drop to 1.85 like 2 times in the past few months. But recovered in a few days.

CMT and FCT both dropped from 2.1x/2.2x all the way down to 1.8x in a few weeks too not too long ago. So, don't think can exactly say no crisis or not affected at all.

Maybe the CD god has helped to cushion a bit.

 

[yihao93]

see got reits etf or not.

decided to skip keppel dc xd this time rd... think will drop more

 

[Layers]

see got reits etf or not.

decided to skip keppel dc xd this time rd... think will drop more

how u know?

anyone think reit will drop after XD day? now mayb all holding cos waiting for divy

 

[yihao93]

incoming dip

Cambridge Industrial Trust (SGX:J91U) revealed on 15 January that David Graham Mason has resigned from his positions in the Singapore-listed industrial REIT “to pursue new opportunities”.

His resignation came against the backdrop of headwinds in the economy that has seen units of Cambridge Industrial Industrial Trust fall to its lowest in 52 weeks.

“Due to personal reasons, Mr. Mason has resigned from his position in the company”, said the REIT in a filing with the Singapore Exchange. “While he will relinquish his position as chief operating officer and chief financial officer on 16 January 2016, he will remain as advisor in the company to facilitate a smooth transition until April 2016”, said the REIT.

According to Cambridge Industrial Trust, Mason was responsible for monitoring the daily operations of the REIT’s manager and the REIT itself. “As the chief financial officer, he was responsible for the financial performance and oversees all finance and capital management functions of the manager and the trust”, the REIT added.

“The CEO and Executive Director and the Board thank Mr. Mason for his outstanding service over the last five years, a period of significant achievements for Cambridge Industrial Trust in an uncertain environment”. Mason currently holds 339,286 units of Cambridge Industrial Trust.

Cambridge Industrial Trust also revealed that it has appointed a new COO and CFO and that a further announcement will be made once the appointment becomes effective.

Units of Cambridge Industrial Trust are currently listed on the Singapore Exchange at SGD0.53.

 

[yihao93]

how u know?

anyone think reit will drop after XD day? now mayb all holding cos waiting for divy

whole mkt red what

see who crack first only

 

[NewInvestor]

REITs hv hardly dropped since 1 Jan. Cant buy anything good n with high yields.