General S-REITs Discussion Thread

[naro]

which means reits with foreign properties in their portfolio will be affected.

reits that i can think of with foreign properties are:
first reit, plife, suntec, mapletree logistics, starhill global, Areit, FCT, fraser commerical, capitalmall asia, capita commerical, lippo malls and etc...

Areit doesnt have too many foreign assets. As of now, only 2 out of its 104 assets are overseas. All the other 102 are in Singapore.

 

[marandaz]

a potential replacement for suntec...

Assest Quality for Quality very different

Invested in FCOT

 

[tiny]

Chew Yen Keen quits as Viva Industrial Trust Management deputy CEO

He stepped down as deputy CEO and head of investments of the managers for personal reasons.

Viva Industrial Trust Management announced the resignation of Chew Yen Keen deputy chief executive officer and head of investments of the managers.

Mr Chew, 63, was responsible for identifying, researching and evaluating potential acquisitions and related investments with a view to enhancing the portfolio of Viva Industrial Trust (VIT), or divestments where a property is no longer strategic, fails to enhance the value of VIT portfolio or fails to be yield accretive, according to a Viva Industrial Trust Management report.

He also assisted the CEO in overseeing the strategic planning and the overall day-to-day management and operations of VIT.

He was appointed to the post on 4 November 2013.

- See more at: Chew Yen Keen quits as Viva Industrial Trust Management deputy CEO | Singapore Business Review

 

[simon_84]

First REIT has secured a Term Loan Facility of S$26.5m and a Revolving Loan Facility of S$18.5m from CIMB Bank Bhd (Singapore branch). (30 Dec)

First REIT has completed the acquisition of Siloam Sriwijaya, which is located in Palembang, Indonesia. S$33.16m of the purchase consideration was financed by debt, while the remaining S$6m will be financed by the issuance of new units. (29 Dec)

prepare for DRP again

 

[marandaz]

Some of REITS' debt may be pegged to SIBOR. Take note

Sibor jumps 26% on further weakness of Singapore dollar

THE key three-month Singapore interbank offered rate (Sibor) jumped 26 per cent on Monday to 0.57762 per cent from last Friday's 0.45738 per cent as the Singapore dollar fell further, dragged down by a tumbling euro.

The sharp movement of the Sibor, used mainly to price home loans, seems to be playing catch-up with another benchmark interest rate, the three-month swap offer rate (SOR), which is typically used for commercial loans.

The three-month SOR at 0.74893 per cent has more than tripled from two months ago. The SOR reflects the Sibor and Sing dollar fluctuations.

The Singapore dollar fell further on Monday to 1.335 from last Friday's 1.328 as the euro tumbled to its lowest in almost nine years.

 

[spiritGate]

First REIT has secured a Term Loan Facility of S$26.5m and a Revolving Loan Facility of S$18.5m from CIMB Bank Bhd (Singapore branch). (30 Dec)

First REIT has completed the acquisition of Siloam Sriwijaya, which is located in Palembang, Indonesia. S$33.16m of the purchase consideration was financed by debt, while the remaining S$6m will be financed by the issuance of new units. (29 Dec)

prepare for DRP again

DRP meaning drop? Cause I was looking at first reit too. Got any reit is good for long term with ok dividend?

 

[linxiaobei]

First REIT has secured a Term Loan Facility of S$26.5m and a Revolving Loan Facility of S$18.5m from CIMB Bank Bhd (Singapore branch). (30 Dec)

First REIT has completed the acquisition of Siloam Sriwijaya, which is located in Palembang, Indonesia. S$33.16m of the purchase consideration was financed by debt, while the remaining S$6m will be financed by the issuance of new units. (29 Dec)

prepare for DRP again

DRP is...? Disaster Recovery Plan?

 

[felixleong]

DRP is...? Disaster Recovery Plan?

hm.. DRP i think could be distribution re-investment plan
in which investors take discounted shares instead of cash dividends

because this reit do acquisition, they will need more cash to fund it or the cash to pay down debt, the news also mentioned the balance will be funded by new units

cheers

 

[felixleong]

Some of REITS' debt may be pegged to SIBOR. Take note

Sibor jumps 26% on further weakness of Singapore dollar

THE key three-month Singapore interbank offered rate (Sibor) jumped 26 per cent on Monday to 0.57762 per cent from last Friday's 0.45738 per cent as the Singapore dollar fell further, dragged down by a tumbling euro.

The sharp movement of the Sibor, used mainly to price home loans, seems to be playing catch-up with another benchmark interest rate, the three-month swap offer rate (SOR), which is typically used for commercial loans.

The three-month SOR at 0.74893 per cent has more than tripled from two months ago. The SOR reflects the Sibor and Sing dollar fluctuations.

The Singapore dollar fell further on Monday to 1.335 from last Friday's 1.328 as the euro tumbled to its lowest in almost nine years.

ya sibor going up is no good for reits
however in the mid to long term, the only way for it to go is probably only up
since its been so low for so long

 

[spiritGate]

hm.. DRP i think could be distribution re-investment plan
in which investors take discounted shares instead of cash dividends

because this reit do acquisition, they will need more cash to fund it or the cash to pay down debt, the news also mentioned the balance will be funded by new units

cheers

So if re-invest instead of dividend meaning we will get extra shares? Or the shares will be diluted? Cause I am unsure about the reinvestment portion

 

[felixleong]

So if re-invest instead of dividend meaning we will get extra shares? Or the shares will be diluted? Cause I am unsure about the reinvestment portion

Yup u get more shares
Think if it as capital gains instead of dividends
However most people invest in reits to collect a steady stream of income, i personally dont like DRP
On the other end i feel DRP is better than private placement or rights issue.

 

[Bedokian]

Yup u get more shares
Think if it as capital gains instead of dividends
However most people invest in reits to collect a steady stream of income, i personally dont like DRP
On the other end i feel DRP is better than private placement or rights issue.

For gearing purposes, DRP would be a better way. For me as an individual investor, I do not like DRPs as I rather get the dividend payout and lump it into my cash portion of my portfolio (aka war chest).

 

[spiritGate]

Yup u get more shares
Think if it as capital gains instead of dividends
However most people invest in reits to collect a steady stream of income, i personally dont like DRP
On the other end i feel DRP is better than private placement or rights issue.

For me at the start, I dont mind DRP since in the end I will re-invest back if the reits is good. but after awhile, it wont be that good, that I will agree because I also looking for stable income via dividend by buying reits.

 

[simon_84]

i always take cash no matter what...though i have poems account, but i hate to deal with odd lots.
is just a matter of preference.

 

[felixleong]

nowadays DRP for reits getting more common
sabana and aims reit also have

but still i generally dislike DRP

because it seems to me that management of such as more focus on growing assets and to pocket more from management fees

Good management should be one that focus on DPU to reward shareholders with cash

cheers

 

[davidcch07]

Hi Dividend Warrior and others S- REITS Master,

I'm new to SREITS .

I got few lists in my mind.

SoilbuildBizREIT and Keppel DC REIT

Welcome any comments.

Regards and Thanks
David

 

[wahkao3]

Hi Dividend Warrior and others S- REITS Master,

I'm new to SREITS .

I got few lists in my mind.

SoilbuildBizREIT and Keppel DC REIT

Welcome any comments.

Regards and Thanks
David

eh, why SoilbuildBizREIT and Keppel DC REIT good?

 

[Perisher]

What's your reason for choosing those 2 reits?

I hold keppel dc reit because of the IPO, the price didn't rise to what I would sell at.

Compare to my other reits, this one has more international exposure, WALE is about 7-8 years, the demand will grow for data centre. The projected dividend is about 7%.

These are just some of the reasons I'm holding it still.

 

[davidcch07]

What's your reason for choosing those 2 reits?

I hold keppel dc reit because of the IPO, the price didn't rise to what I would sell at.

Compare to my other reits, this one has more international exposure, WALE is about 7-8 years, the demand will grow for data centre. The projected dividend is about 7%.

These are just some of the reasons I'm holding it still.

low gearing 28%
- decent promised yield
- data centers a viable biz
- excellent liquidity

 

[davidcch07]

eh, why SoilbuildBizREIT and Keppel DC REIT good?

perhaps 7% div ?