whether invested or not , the Adv remains
General S-REITs Discussion Thread
- Thread starter Dividends Warrior
- Start date
Just sharing again- mLt is constantly sold by large institutions (nt only in this week sharing)
And who will suck it back? retailers loh….
Surprisngly Aem is…..and yangzijiang is popular
Daiwa just ipo-ed not long rite??
And who will suck it back? retailers loh….
Surprisngly Aem is…..and yangzijiang is popular
Daiwa just ipo-ed not long rite??
Last edited:
FLCT for me. Hope I am right.
Thinking to also get FCT but price keeps dropping and reviews are mixed.
Last edited:
IIRC, institutions are selling YZJ some months ago. Rotational play in such short time?
Last edited:
endlssorrow
Arch-Supremacy Member
- Joined
- Apr 11, 2007
- Messages
- 11,118
- Reaction score
- 874
Today is a good day to hoot some Reits too
Have you?
Have you?
Nvm abt rotational, it is the norm.:..
and it is perfect fine prices move abit up or dwn (so long nt dramatically down like mLt, terrifying) mLt is the only logistics option ie disapptg (for me) maybe it will turn things around: 5yrs down the road??!
And ite divs yield? - just ok, just so-so only
Flct is definitely gd esp w its logistic part (anything abt retail/shopping/hosp better dont touch)
&
Mr clubbie shared on uobkh’s ….
“UOB Kay Hian recommends new economy plays like A-REIT, FLT and MINT”
I dont thk mint etc is worth looking at too, unless got spare cash?
And it is also not just base on such institutional v retail hoot :
Today i learnt a new word “hoot” ie purchase….sorry i m not very gd at hokkien
Hardly hear any of u mentioned manuallife or esr , cromwell keppac oak
It is alwys the big names…. Eg keppel
Flct Prime freehd warehse in Uk by 2023
2nd uk property now
in total 10.9% of total assets in uK
Gd but can dont touch ara logos pls???
It is alwys the big names…. Eg keppel
Flct Prime freehd warehse in Uk by 2023
2nd uk property now
in total 10.9% of total assets in uK
Gd but can dont touch ara logos pls???
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 376,927
- Reaction score
- 122,754
Brokers' take: DBS says redevelopment opportunities to drive future growth for industrial Reits
https://www.businesstimes.com.sg/co...ment-opportunities-to-drive-future-growth-for
INDUSTRIAL real estate investment trusts (Reits) should look into redevelopment projects or asset enhancement opportunities as their "next leg of growth", DBS Group Research said.
In a report on Wednesday (Dec 1), the research team said industrial Reits should shift their focus to assets which are undervalued or with lower in-place occupancy rates and room for asset enhancements, to create value through higher rental rates in the future.
Although industrial Reits have benefited from investing in new-economy assets such as logistics, data centres and business parks, DBS noted that the Reits are increasingly being "crowded out" by investors willing to accept lower yields on their real estate investments amid a low interest rate environment.
A possible oversupply of industrial space in FY2022 - due to construction delays amid the pandemic - could also weigh on rental growth prospects.
Hence, DBS said it prefers large market capitalisation industrial Singapore Reits as they are better positioned for redevelopment and asset enhancement initiatives, with access to acquisition pipelines from sponsors.
The research team named Frasers Logistics and Commercial Trust (FLCT), Keppel DC Reit and Mapletree Industrial Trust (MIT) as its picks for the sector.
FLCT Frasers L&C Tr, after its annual portfolio revaluation exercise, has a sizeable debt headroom to fund future acquisitions, and it can also tap its sponsor's portfolio of new-economy assets as it shifts to more development projects.
The research team also likes FLCT for its exposure to logistics facilities and business parks in the developed markets of Australia and Europe.
Units of FLCT were trading at S$1.46 as at the midday break on Dec 1, down S$0.01 or 0.7 per cent.
For Keppel DC Reit Keppel DC Reit, DBS forecasts a more than 8.5 per cent rise in its FY2022 distribution per unit (DPU), driven by acquisitions and asset enhancement initiatives completed this year, implying an attractive 4.6 per cent yield.
Keppel DC Reit units were trading at S$2.37, up S$0.02 or 0.9 per cent.
As for MIT Mapletree Ind Tr, the research team is estimating a "very attractive" DPU compound annual growth rate of more than 6.8 per cent between FY2020 and FY2022, with redevelopment projects underway, on top of a possible increase in MIT's concentration in data centres to 58 per cent, from the current 53 per cent.
Units of MIT were trading flat at S$2.64.
DBS expects earnings growth of industrial Reits will normalise ahead, due to the lack of reversals of retained earnings, lower acquisition yields leading to more marginal DPU accretion, and gradual earnings from development projects embarked on in FY2021.
But the growth is still "too attractive to ignore", with an overall DPU growth of 3.1 per cent compared with the average annual DPU growth of 2.1 per cent in the past decade.
Through a gradual overseas diversification and a pivot towards new-economy assets, industrial Reits have also transformed into stable income-generating vehicles with significant earnings growth potential and room to unlock value within their portfolio, DBS said.
is it cos Poor record of US Properties related listing on SGX???
US-related properties listing in SGX:
(a) Eagle Hospitality Trust - IPO Price 0.78 , now its bust!
(b) Manulife US Reit - IPO Price 0.83 , now its 0.71
(c) Prime US Reit - IPO Price 0.88 , now its 0.82
(d) Keppel Pacific Oak US Reit - IPO Price 0.88, now its 0.75
(e) United Hampshire US Reit - IPO Price 0.80 , now its 0.67
mapletree Ind has 50% in N.Amer too
but it is alwys a norm tht quite a no. on SGX esp non-blue chips tend to Fall below IPO @ 1 time
hw abt this ? ipo @ 1.21 sgd (USD eq)
Digital Core REIT fr USA - Singapore's Largest IPO In 2021 Worth The Hype? they inc divs even @ most Crisis...expected yield 4.5-4.7%
& Fed might inc Interest rates
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 376,927
- Reaction score
- 122,754
FLCT, MINT, KDC REIT among DBS's top industrial S-REIT picks
https://www.theedgesingapore.com/ca...c-reit-among-dbss-top-industrial-s-reit-picks
A pivot towards new economy assets have benefited industrial Singapore REITs (S-REITs), which is why DBS Group Research analysts Dale Lai and Derek Tan are positive on the sub-sector.
To be sure, Lai and Tan deem now as a good time to “recycle, redevelop, and reposition” assets to drive returns.
Within the sub-sector, the analysts have identified their top picks as Frasers Logistics and Commercial Trust (FLCT), Mapletree Industrial Trust (MINT), and Keppel DC REIT (KDC REIT).
The analysts have rated all three REITs at “buy” with target prices of $1.85, $3.35 and $3 respectively.
“We continue to like FLCT for its exposure to logistics facilities and business parks in the developed markets Australia and Europe,” say Lai and Tan. “Having already undergone its annual portfolio revaluation exercise which led to a more than $600 million uplift in portfolio valuations, it currently has a sizable debt headroom, which the REIT can tap to fund future acquisitions.”
“KDC REIT is another of our top picks as we forecast a more than 8.5% increase in its FY2022 DPU driven by acquisitions and AEIs completed this year,” they add. This implies a forward FY2022 distribution per unit (DPU) yield of c.4.6%, which is primed as a very attractive yield for a pure-play data centre portfolio.
“Industrial S-REITs pivot towards new economy assets have paid off as they continue to demonstrate their resilience throughout the Covid-19 pandemic,” say Lai and Tan. “With robust cap rate compression on their books, this has raised net asset values (NAV)s.”
As such, industrial REITs are projected to have “attractive growth prospects” and to report a strong FY2022 DPU growth of around 3.1%, higher than the historical average of around 2.1%, according to the analysts.
According to the analysts, the warehouse and business parks sector look set to outperform expectations in FY2022. “Labour shortage in the construction sector led to delays in completion of new industrial space, pushing deliveries into 2022,” Lai and Tan say. “As such, we anticipate a record 2.2–2.4 million sqft of completion next year, an overhang on growth outlook.”
Lai and Tan expect to see some new supply rolling over to FY2022 as well. “With only 728,000 sqm of new industrial supply completed year-to-date (y-t-d) 3Q2021, JTC estimates that another 873,000 sqm of new supply could come online in 4Q21,” the analysts say. However, construction delays are likely to persist until next year at least, hence the new supply likely rolling over to FY2022.
A repeat of oversupply however concerns weighs on rental growth prospects. “At the beginning of FY2021, we were concerned with the new supply of industrial space that was projected to come online,” say Lai and Tan. “Although concerns of an oversupply of new industrial space have been allayed in FY2021 due to construction delays, it could potentially pose as a risk for FY2022.”
“Moreover, the strong rebound of the manufacturing sector, expansion of the logistics sector, and stockpiling activities helped drive take-up in FY2021,” they add.
Additionally, industrial REITs are projected to see healthy earnings growth from organic initiatives and acquisitions done over the year. “Having remained resilient throughout the COVID-19 pandemic and ramping up their acquisitions over the past two years, industrial REITs are projected to report a strong growth of more than 6.6% in FY2021,” the analysts say.
The strong rebound in FY2021 is also attributed to the lack of some rental reliefs provided to tenants in FY2020, as well as the reversal of some retained earnings as the new economy assets emerged relatively unscathed, according to Lai and Tan.
Like same name in the article..... but at least FLCT is new.
Wat is must SP???? https://research.uobkayhian.com/content_download.jsp?id=65716&h=388ad82d862a541f0e96520a987bc2c3
And as for caplan
U have to wait for long then esp if it is CicT- esp disappting performance
And as for caplan
U have to wait for long then esp if it is CicT- esp disappting performance
Last edited:
Good read, just same name again. At least no KDC.
However, I am thinking to offload my FCT once it reaches my breakeven price. But price is keeps staying down.
tasslehoffs
Member
- Joined
- Dec 1, 2006
- Messages
- 244
- Reaction score
- 128
Sure go offload, push down the price I wanna jiak cheap cheap
Now is considered cheap le. Just want to switch a bit to FLCT but price moved up liao.
See this as a strength of flct, it will still drop
Sometimes to 1.44-1.45…. Grab it , queue now…
I luv reits that move up bit by bit and
Falls< rise
There r some 扶不起的阿斗 alwys claimed to have splendid expansion plans into here and that mkt but…….
No1 ….not even one is askg our s-reits to
Perform
Like a tesla but they must bit by bit show consistency
Bit by bit will do……
And as an investor we could all accept falls w grace! But it shdnt b too disapptingly
Eg sasseur abit staggering now……. Still it is gd…… it will be back to normal
I wish i wasnt greedy w MLt in the first place…… eeeewwwww its mkt movemt so predictable….it is fall , fall , fall and more fall
i nvr fAIL to see mbrs askg others to keep buyg non-stop despite prices kept FALLg & keep consoling it is gd , keep repeatg "Buy more lo" or "Ave down" loh, DCA
Chinese guy in US described Exactly wht my actual definitn ie Dca only when it is low ie 逢低买入 8m35
not so much of regularly buy quarterly or mthy or yrly when they appeared lower - ref video here
https://forums.hardwarezone.com.sg/...-seng-tech-etf.6415003/page-69#post-138412937zztiny shared too
"If the stock is not popular currently but is an actual good company(THE CURSED BABA, kepp DC still nt yet gd? Unsure?), do not DCA blindly only wait till there is a UP signal." - unpopular i thk he meant pp kept selling..
but if If the stock is popular and is not yet proven good company, or if unsure??? do not DCA, if you had alrdy invvested at the start, just hold it until the company actually proven
https://forums.hardwarezone.com.sg/...-seng-tech-etf.6415003/page-69#post-138412937
your kdc! i wil never do such things - very evil
https://forums.hardwarezone.com.sg/threads/keppel-dc-reit-official-sgx-ajbu.4892367/page-32
Chinese guy in US described Exactly wht my actual definitn ie Dca only when it is low ie 逢低买入 8m35
not so much of regularly buy quarterly or mthy or yrly when they appeared lower - ref video here
https://forums.hardwarezone.com.sg/...-seng-tech-etf.6415003/page-69#post-138412937zztiny shared too
"If the stock is not popular currently but is an actual good company(THE CURSED BABA, kepp DC still nt yet gd? Unsure?), do not DCA blindly only wait till there is a UP signal." - unpopular i thk he meant pp kept selling..
but if If the stock is popular and is not yet proven good company, or if unsure??? do not DCA, if you had alrdy invvested at the start, just hold it until the company actually proven
https://forums.hardwarezone.com.sg/...-seng-tech-etf.6415003/page-69#post-138412937
your kdc! i wil never do such things - very evil
https://forums.hardwarezone.com.sg/threads/keppel-dc-reit-official-sgx-ajbu.4892367/page-32
Last edited:
FLCT is moving.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts.
Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
