General S-REITs Discussion Thread

[DriftKing]

No eye see tomorrow

After the advance distribution in June, there will be no more divvy until next year?

 

[AST781]

No eye see tomorrow

y-o-y drop less than 1% nothing will happen tmr one lah. That's very good results liao pls.

 

[thretiredDad]

CICT to acquire 55% of CapitaSpring at 1.1% accretion to DPU​

CICT intends to finance the total acquisition outlay (excluding the acquisition fee related to the acquisition of CLD’s 45% interest, which will be paid in CICT units) using proceeds raised through a private placement which plans to raise $500 million.

 

[thretiredDad]

CapitaLand Integrated Commercial Trust posts 3.5% rise in H1 DPU to S$0.0562​

Net property income falls 0.4% to S$579.9 million

 

[highsulphur]

CapitaLand Integrated Commercial Trust posts 3.5% rise in H1 DPU to S$0.0562​

Net property income falls 0.4% to S$579.9 million

So div increases when income falls?

 

[TehSi99]

CapitaLand Ascendas REIT DPU for 1HFY2025 down 0.6% y-o-y to 7.477 cents due to enlarged unit base.

Please don't drop too much tmr

This is considered good. Look at MIT.

 

[DriftKing]

After the advance distribution in June, there will be no more divvy until next year?

Ok have 0.00998$ remaining payout. Aug 11 ex D

 

[thretiredDad]

So div increases when income falls?

private placement
237.5m at 2.105

income fall due to absence of income from 21 Collyer quay
divested on Nov 11 2024
and ongoing asset enhancement initiatives of Galileo

 

[thretiredDad]

CapitaLand Ascendas REIT DPU for 1HFY2025 down 0.6% y-o-y to 7.477 cents due to enlarged unit base.

Please don't drop too much tmr

-1.07% 2.77/78

 

[sky1978]

So div increases when income falls?

The biggest expense items below net property income are interest expense, as long as interest expense declined more than the drop in NPI, div can still increase.

 

[Euqorab]

Dilution again
Pui

 

[thretiredDad]

Tomorrow is parkwaylife Reits earnings

 

[thretiredDad]

Parkway Life Reit H1 DPU up 1.5% at S$0.0765 on new assets, higher rental contributions​

Its Singapore hospitals have long-term master leases with fixed 3% annual rental step-ups

 

[Dividends Warrior]

Parkway Life Reit H1 DPU up 1.5% at S$0.0765 on new assets, higher rental contributions​

Its Singapore hospitals have long-term master leases with fixed 3% annual rental step-ups

The BIG step-up is coming next year. Huat ah!

 

[SpeedingBullet]

The BIG step-up is coming next year. Huat ah!

Yup, current yield is low at 3.8%ish, but with a close to 20% jump in DPU next year, fwd yield is more like 4.6%.

 

[thretiredDad]

Yup, current yield is low at 3.8%ish, but with a close to 20% jump in DPU next year, fwd yield is more like 4.6%.

Aww 20% jump in dpu
but this parkway life Reit
still sideway
very defensive

 

[thretiredDad]

CapitaLand Ascendas REIT DPU for 1HFY2025 down 0.6% y-o-y to 7.477 cents due to enlarged unit base.

Please don't drop too much tmr

New Issue: CLAR SGD PNC5 GREEN SUBORDINATED PERPETUAL SECURITIES

ISSUER : HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of CapitaLand Ascendas REIT)

** NEW SGD PCN5 Green Perpetual Announced

** IPG : 3.5% Area

** Exp. Issue Rating : Baa2 by Moody's

** UOP : Incl REFI of Existing Borrowings incl the SGD300M 3% PERP CaLlable in SEP 25

** Issue Size : SGD Benchmark

*** PB Concession : 25 cents*

** Timing : Today’s Business

 

[DevilPlate]

New Issue: CLAR SGD PNC5 GREEN SUBORDINATED PERPETUAL SECURITIES

ISSUER : HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of CapitaLand Ascendas REIT)

** NEW SGD PCN5 Green Perpetual Announced

** IPG : 3.5% Area

** Exp. Issue Rating : Baa2 by Moody's

** UOP : Incl REFI of Existing Borrowings incl the SGD300M 3% PERP CaLlable in SEP 25

** Issue Size : SGD Benchmark

*** PB Concession : 25 cents*

** Timing : Today’s Business

3.5% only for perp

Astrea 9 3.4% looks darn good now in comparison

 

[thretiredDad]

3.5% only for perp

Astrea 9 3.4% looks darn good now in comparison

Priced at 3.18%
final yield

 

[d5dude]

3.5% only for perp

Astrea 9 3.4% looks darn good now in comparison

These yields are too low, none of these bonds look good to me right now...