Fingers crossed or prayed hard.
General S-REITs Discussion Thread
- Thread starter Dividends Warrior
- Start date
Fingers crossed or prayed hard.
Pray that there is no rights issue.
Y not? The more the merrier
REITS holders rejoice!
US Treasury QRA announcement in Jan 2024 likely to show a less than expected Treasury debt issuance due to record tax collection!!
UST yields likely to stay low throughout Jan 2024 and the current rally in REITS can last beyond Jan 2024 to April 2024 (next QRA announcement).
https://www.zerohedge.com/political...on-taxes-americans-amid-enforcement-crackdown
The $4.9 trillion the tax agency raked in last year was around $790 billion more than the prior year, thanks in large measure to a significant increase in enforcement revenue.
US Treasury QRA announcement in Jan 2024 likely to show a less than expected Treasury debt issuance due to record tax collection!!
UST yields likely to stay low throughout Jan 2024 and the current rally in REITS can last beyond Jan 2024 to April 2024 (next QRA announcement).
https://www.zerohedge.com/political...on-taxes-americans-amid-enforcement-crackdown
IRS Rakes In Record $4.9 Trillion In Taxes From Americans Amid Enforcement Crackdown
The Treasury Inspector General for Tax Administration (TIGTA), the watchdog that oversees the IRS, revealed in a Dec. 20 report on tax compliance activities that the agency collected a record-breaking amount of money in fiscal year 2022 from American taxpayers.The $4.9 trillion the tax agency raked in last year was around $790 billion more than the prior year, thanks in large measure to a significant increase in enforcement revenue.
IRS tax receipts determines how much US Treasury needs to borrow.
The more the US Treasury needs to borrow, the greater the supply of bonds, and the lower the price of bond (i.e. higher the yield) needed to attract investors to buy.
When the UST long duration bond yields are high, those UST bonds competes with REITS for funding.
Oct 2023 crash in SG-REITS started on 1 Aug 2023 due to UST long duration bond yields skyrocketing in response to QRA announcement of outsized UST bond issuance on July 31st, 2023 by US Treasury Dept. Markets start moving ahead of the actual bond issuance, and the move (crash) started the day after the QRA announcement, Aug 1st, 2023.
QRA announcements: https://home.treasury.gov/policy-is...efunding-financing-estimates-by-calendar-year
That was my forensic analysis of the cause of the most recent SG-REITS crash. (Anyone can feel free to add on or provide other causes).
The conclusion though is just a postponement of the date of the next outsized UST bond issuance 1 quarter later to April 2024. (The problem of ever-growing US Federal deficit has not disappeared*)
But the longer it is postponed, the more breathing room (time) for SG REITS to refinance their debt in H1 2024 at the same loan rate as they did in 2023, not higher. The longer the time REITS have for refinancing at as low as possible loan rates, the higher the rents charged at time of loan refinancing (rents take a long time to rise too). Thus a race between how fast rents can climb vs how slow loan rates can rise.
*https://www.crfb.org/blogs/overview-presidents-fy-2024-budget ($18T)
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Dividends Warrior
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This REITs rally is giving my portfolio a year-end boost! 
Sometimes it is not about maths etc. Look at Sasseur Reit it has the lowest gearing ratio and don't see a lot of debt expiry. It is simply not liked becuz it invest in China assets and the magic word China strike fear in a lot of investors mindset. REIT just like stocks is not all about TA,FA etc, human psychology play a part too.
DevilPlate
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No need to stockpick
CFA and CLR cheong also
CFA and CLR cheong also
No need to stockpick
CFA and CLR cheong also
Just when I was about to use my SRS and Reits ETF chiong.
Seems like Reits are moving up steadily with no turning back.
If it becomes clearer that Fed will start to decrease interest rates in early 2024, then most probably we won't get the back the same price as few weeks ago.
If it becomes clearer that Fed will start to decrease interest rates in early 2024, then most probably we won't get the back the same price as few weeks ago.
Dividends Warrior
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This is why time in market is better than timing the market. All it takes is a bullish week for the market to suddenly rally up and never look back. People who stayed on the sidelines waiting to deploy funds would be locked out. By the time they withdraw from SSB, T-bills & fixed deposits, opportunity gone.
Just to add on there are also SRT and GRN too although GRN is slightly different geography REIT assets. Me been doing all four of them for months and share in this and other thread before. It is getting more "expensive" in comparison to my average buy in price of past months but as some readers say time in market is better than timing the market. I do not agree 100% though becuz some calculated timing in market can do wonders to see your green color appear more green sometimes.No need to stockpick
CFA and CLR cheong also
apriliasiao
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U want green can always sell when red and buy when stocks cheong. haha
If REIT and the stock pay dividends why need to sell? Sell already no recurring income liao and with that sell off and earned monies all stock price gone up so you sell and buy high? That is why I am a dividend investing type investors.
Dividends Warrior
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Power of CD! 
hopefully ascendas can hit 3.10
Time to sell some if 3.10. That is a good high.
Buy back when lower.
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