General S-REITs Discussion Thread

[simon_84]

Yeah I need to pare down my REIT exposure, or at least diversify to logistics or something else

divest only when you have a replacement in mind.

 

[Perisher]

divest only when you have a replacement in mind.

Divest when you think it's not worth holding on to, don't necessary have to have a counter to divest to though it would be nice.

 

[Acetone]

Same here... Holding on to my MGCT at 90c. Unless there is a withdrawal of the Tax benefits, which will make it less appealing.

 

[Bedokian]

Same here... Holding on to my MGCT at 90c. Unless there is a withdrawal of the Tax benefits, which will make it less appealing.

We will know today.

 

[anfielder]

no more stamp duty concession for REITs

 

[Acetone]

Bad news for the REITs holder today..

 

[marandaz]

MOFsg @MOFsg · 6m 6 minutes ago
To support listing of REITs in SG, income tax and GST concessions extended for 5 yrs #SGBudget2015

 

[doody_]

MOFsg @MOFsg · 6m 6 minutes ago
To support listing of REITs in SG, income tax and GST concessions extended for 5 yrs #SGBudget2015

Great news, not going to impact dividend payout

 

[anfielder]

Stamp duty is a one-off cost. So the impact is limited.

 

[spiritGate]

MOFsg @MOFsg · 6m 6 minutes ago
To support listing of REITs in SG, income tax and GST concessions extended for 5 yrs #SGBudget2015

no more stamp duty and extended tax and gst concession, meaning good for REITs? Dividend wont have much impact hor?

 

[Tuckie]

one off impact i guess. but the income tax and GST extension is good news i guess.

 

[doody_]

Stamp duty only comes in when REITs purchase properties. This isn't a common occurrence and will be a one-off for each property purchased.

 

[marandaz]

As what others said it is one-off. Somemore it applies to local properties only

Nowadays, hardly see any local buying not to mention overall acquisition compared to the frenzy in 2010-2012.

I guess it greatly affect REITs whose mandate is restricted to pure local market. And I can only think of Far East HTrust only. And also those sponsors who likes to "dump" properties to their REITs vehicle bah.

 

[endlssorrow]

I waiting for CMT too, at $2

the book value is only around $1.80

dun want to pay too much a premium

I only got FCT n starhill

 

[lzydata]

A few people were concerned - or concern trolling - the tax breaks expiring on 31 Mar, so it is good that they have been extended. Won't convince the REIT bears though.

All in all I believe the government will continue supporting REITs because frankly they are one of the last few niches our stock market has to compete with others

 

[simon_84]

I guess it greatly affect REITs whose mandate is restricted to pure local market. And I can only think of Far East HTrust only. And also those sponsors who likes to "dump" properties to their REITs vehicle bah.

you forget about fct, cmt and mct whose portfolio are based locally.

fct just purchased changi city point last year so should not have any new acquisitions coming up.
mct also add mapletree anson in early 2013.
cmt wise, they tend to build their own than purchase.

 

[felixleong]

A few people were concerned - or concern trolling - the tax breaks expiring on 31 Mar, so it is good that they have been extended. Won't convince the REIT bears though.

All in all I believe the government will continue supporting REITs because frankly they are one of the last few niches our stock market has to compete with others

SGX nowadays very few IPOs already, they still need to attract foreign players to list their assets here as reits

 

[marandaz]

you forget about fct, cmt and mct whose portfolio are based locally.

fct just purchased changi city point last year so should not have any new acquisitions coming up.
mct also add mapletree anson in early 2013.
cmt wise, they tend to build their own than purchase.

Feel free to add to the list... I can only follow that much...

By the way, not such whether FCT is restricted to local properties only as described on their website "FCT’s principal activity is to invest in income-producing properties used primarily for retail purposes, in Singapore and overseas.". Perhaps, those who have invested can shed some light...

 

[Dividends Warrior]

Feel free to add to the list... I can only follow that much...

By the way, not such whether FCT is restricted to local properties only as described on their website "FCT’s principal activity is to invest in income-producing properties used primarily for retail purposes, in Singapore and overseas.". Perhaps, those who have invested can shed some light...

FCT has a stake in Hektar REIT in Malaysia.

 

[Dividends Warrior]

you forget about fct, cmt and mct whose portfolio are based locally.

fct just purchased changi city point last year so should not have any new acquisitions coming up.
mct also add mapletree anson in early 2013.
cmt wise, they tend to build their own than purchase.

CMT has Bedok Mall in the pipeline.