General S-REITs Discussion Thread

[ctan84]

What’s wrong with this ascendas Reit?
$2.52 and $2.53
i buy until hand soft

XD si boh?

 

[stanlawj]

What’s wrong with this ascendas Reit?
$2.52 and $2.53
i buy until hand soft

The previous post by homer123 already explains it. Institutional players believe "higher for longer" Fed. Elon Musk's DOGE will give eventually bring enlightenment to these institutional players.

 

[thretiredDad]

XD si boh?

It cd at 2.61, xd from 2.57
now 2.52

 

[thretiredDad]

The previous post by homer123 already explains it. Institutional players believe "higher for longer" Fed. Elon Musk's DOGE will give eventually bring enlightenment to these institutional players.

higher for longer
everyone Knows
my next batch entry will be 2.46-48 level

 

[ctan84]

It cd at 2.61, xd from 2.57
now 2.52

Err that's less than 2% drop leh, very big meh? If you look at the past few days, most sg REITS also dropped 2-3% like K-reit, Suntec etc.

 

[thretiredDad]

Err that's less than 2% drop leh, very big meh? If you look at the past few days, most sg REITS also dropped 2-3% like K-reit, Suntec etc.

Last dividend was $0.07
a drop of $0.05
is 71% more than the dividend
and that’s like $7000-8000 for me

 

[ctan84]

Last dividend was $0.07
a drop of $0.05
is 71% more than the dividend
and that’s like $7000-8000 for me

Like I say, its a drop across the board for S-Reits, so there's nothing specific happening to this counter loh.

 

[weng0202]

Likely the higher rates for longer is working through the reits. Has been going on for some time. Just hold and wait it out. The cycle will continue and lower rates should come one day and reit's prices should recover.

 

[DevilPlate]

Likely the higher rates for longer is working through the reits. Has been going on for some time. Just hold and wait it out. The cycle will continue and lower rates should come one day and reit's prices should recover.

At the same time, i continue to enjoy higher interest rates for my cash rn.

 

[Shion]

Healthcare S-Reits are here to stay​

https://www.businesstimes.com.sg/companies-markets/healthcare-s-reits-are-here-stay

HEALTHCARE real estate investment trusts (Reits) have been the best-performing Reit subsector in the year to date as at Feb 20, recording an average total return of 2.8 per cent.

This follows total returns of 6.9 per cent and 7.1 per cent for 2024 and 2023, respectively.

Singapore-listed Reits, or S-Reits, with healthcare assets have demonstrated resilience over the years despite a prolonged period of higher interest rates and inflation, driven by the defensiveness of healthcare assets.

According to FPA Financial analyst Calvin Mau, the expansion in gross domestic product per capita in South-east Asia – along with an ageing population and growing medical tourism – is expected to drive the growth of private healthcare expenditure in the region.

Listed private healthcare providers in South-east Asia may be well-positioned to benefit from this trend.

OCBC equity research analysts Ada Lim and Donavan Tan also noted that demand for defensive healthcare assets will grow in the long run, especially amid the uncertainty brought about by a second Donald Trump US presidency.

They highlighted that long lease tenors in healthcare S-Reits provide strong cash flow visibility.

There are two healthcare S-Reits which are active on the Singapore Exchange, Parkway Life Reit : C2PU +0.79% and First Reit : AW9U 0%. They have logged total returns of 4.2 per cent and 1.4 per cent, respectively, in the year to date.

Parkway Life Reit is one of Asia’s largest healthcare Reits by asset size, with 75 properties in Singapore, Malaysia, Japan and France worth S$2.46 billion as at Dec 31, 2024.

The hospitals in its portfolio include Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital.

In its latest full-year release, the trust recorded revenue of S$145.3 million, reflecting a 1.5 per cent year-on-year decline driven by the weaker yen.

Its FY2024 distribution per unit (DPU) grew 1 per cent year on year to S$0.1492, marking 17 years of consistent growth in recurring DPU.

The Reit’s acquisition of 11 nursing home properties in France marked its strategic expansion into Europe, its third key market. Its French portfolio will further diversify its holdings, while it remains committed to strengthening its core presence in Singapore.

Parkway Life Reit has been the best-performing S-Reit over the last five years (from 2020 to 2024), with a total return of 35.6 per cent. It recorded net institutional inflows of S$8.7 million in the year to date ended Feb 20, following four consecutive years of net institutional outflows.

First Reit, sponsored by OUE and OUE Healthcare, has 32 assets across Asia with a total value of S$1.12 billion.

Its portfolio consists of 15 properties in Indonesia, three nursing homes in Singapore, and 14 nursing homes in Japan.

First Reit reported a 5.9 per cent year-on-year decline in rental and other income to S$102.2 million for FY2024, due mainly to yen and rupiah weakness.

Despite this, the trust noted that its portfolio continued to demonstrate healthy underlying performance and operational strengths, with sustainable lease structures and 100 per cent occupancy rates being key drivers during the financial year.

As at Feb 20, First Reit was the third best-performing S-Reit year to date, with a total return of 4.2 per cent.

It was behind CapitaLand Ascott Trust : HMN -0.57% which recorded 5.3 per cent, and Paragon Reit : SK6U 0% with 12.9 per cent.

After unveiling its new growth strategy at the end of 2021, First Reit made its maiden foray into Japan with the acquisition of 12 nursing homes.

Its Japan portfolio has since grown to more than 22 per cent of its assets under management.

Following a non-binding letter of intent (LOI) from Siloam International Hospitals to acquire First Reit’s Indonesian hospitals, the trust’s board initiated a strategic review to assess the LOI and explore all strategic options, with a view to delivering sustainable long-term value for unitholders. SGX RESEARCH

 

[limster]

it seems that REIT prices aren't going anywhere. FLCT stuck at around $0.87. Briefly dropped to $0.85 but I didn't manage to fill my order. on the other hand everything else seems to be moving, even BABA .

I think a good strategy would be to load up other everything else first, and then once they are too pricey and you don't want to chase the price upwards, come back and buy REITs because they will be the last to move?

Update on the price of my 3 large REIT holdings since I posted the above. So if they lose money, I also lose money.
FLCT: 13 Feb $0.87 / today last done $0.86
HMN: 13 Feb $0.88 / today last done $0.88
FCT: 13 Feb $2.10 / today last done $2.08

STI ETF: 13 Feb $3.871 / today last done $3.92
STI ETF as a 'proxy' for 'everything else'.

I think I will be ready to pull the trigger and buy more SG REITs in a few weeks time if everything else is getting more expensive (unless there is a big S&P500 crash and sale).

 

[thretiredDad]

Why so quiet?

 

[ctan84]

Why so quiet?

Coz no major movement for REITS mah. Plus today most are either flat or up by 1.5-2% from yesterday. Think most of the directions are waiting for this month's FOMC outcome.

 

[ask_yip]

Why so quiet?

no exciting news?

 

[thretiredDad]

Coz no major movement for REITS mah. Plus today most are either flat or up by 1.5-2% from yesterday. Think most of the directions are waiting for this month's FOMC outcome.

Sgx shares
up 1.5%-2% is exciting enough

 

[stanlawj]

CFA emitted a technical price-only buy signal out yesterday (breakout of a long consolidation).
Today it is following up in the right direction.
Trading volume hasn't confirmed it yet.

 

[60Remajust]

CFA emitted a technical price-only buy signal out yesterday (breakout of a long consolidation).
Today it is following up in the right direction.
Trading volume hasn't confirmed it yet.

think the big boys are starting to snap this up

the boat will leave port soon

 

[yslvlys]

think the big boys are starting to snap this up

the boat will leave port soon

Huh why? Interest rates still so high

 

[60Remajust]

Huh why? Interest rates still so high

stock market usually forward looking, wait for rates to drop may be too late already

US gonna head for default at this rate if they just twiddle their thumbs

 

[stanlawj]

think the big boys are starting to snap this up

the boat will leave port soon

If there is no big volume, that means the big boys haven't shifted their stance from "higher for longer" and "inflation is coming back". So far the volumes are pretty low.