[Official] REITs CD tracking thread

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chewjekhui

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Dividends Warrior said:
Westgate Tower received its TOP on 9 October, paving the way for its earlier announced divestment to the Sun Venture JV. The tower is to be divested for S$579.4m (CMT’s 30% share: S$173.8m), and CMT is expected to record a S$45m gain on divestment. :D
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Too much shopping malls in JE alr. CMT selling out while it can. :s13::s13:
 
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Bedokian

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Viva Industrial Trust - $16.87 per 1000 shares
Soilbuild Business REIT - $15.46 per 1000 shares
 
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chewjekhui

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Geeezz said:
wah reits cd tis quarter like jin gd hor? :eek:
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Upcycle of rental revision. The ending part of all the positive news recently, before the Ebola scare and the 300 pts drop in DJ. Next wave in retail might be tough, even CMT shops report lower sales. :eek:

Westgate Tower is the office component.
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Oh why didnt they want to keep the office component? I thought would be good since JE would be a regional hub in future? :s13::s13:
 
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lzydata

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chewjekhui said:
Upcycle of rental revision. The ending part of all the positive news recently, before the Ebola scare and the 300 pts drop in DJ. Next wave in retail might be tough, even CMT shops report lower sales. :eek:



Oh why didnt they want to keep the office component? I thought would be good since JE would be a regional hub in future? :s13::s13:
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I doubt that Ebola or the Dow Jones drop will have a measurable impact on consumer sentiment or retail activity here.

Sell mall bad, sell office also bad... :s13:
 
tiny

tiny

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chewjekhui said:
Upcycle of rental revision. The ending part of all the positive news recently, before the Ebola scare and the 300 pts drop in DJ. Next wave in retail might be tough, even CMT shops report lower sales. :eek:
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4th Quarter is Christmas shopping season. Should be huat.
 
Guojing88

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FCT justifies the fall in DPU year on year by claiming that there are retained cash earnings.

Yet one of their slides, slide 9, claim that the dividend payout is 100%, what is going on?
 
Dividends Warrior

Dividends Warrior

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Guojing88 said:
FCT justifies the fall in DPU year on year by claiming that there are retained cash earnings.

Yet one of their slides, slide 9, claim that the dividend payout is 100%, what is going on?
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The fall in DPU should be due to the recent private placement.
 
SpeedingBullet

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AReit finally reported, ok-ok results.. I mean nth much to be expected from the biggest industrial reit here in sg, won't have fast growth in revenue/dpu.

Half-yrly results:

revenue up 8.4%
NPI up 7.4%
amt for distribution up 2.2%
DPU 7.30 vs 7.15 prior

Gd that they proactively reduced mgmt fees (changed the structure to exclude derivatives and properties under development)

Their property taxes up 11% cos they changed lease structures from single tenant to multi-tenant

Bedokian said:
DW, you must be "stationing" yourself in front of the computer and refreshing the SGX Company Announcement page. :s13:
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ehh.. got app that sends u push notif of SGX company announcements huan, dont need station :D
 
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SpeedingBullet

SpeedingBullet

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AReit's mkt forecast and comments

According to JTC Corporation (“JTC”), prices of industrial space in 2Q 2014 rose marginally by
0.7% q-o-q compared to a 3.8% increase in the previous quarter. Rental rates of industrial space
were relatively flat q-o-q. According to the CBRE 3Q 2014 Market View, rental rates for business
park space held steady at $5.50 psf per month for city fringe space whilst rental rates dipped
2.6% q-o-q to $3.70 psf per month from $3.80 psf per month for the rest of the island. Ground
floor rental rates for factory space and warehouse space remained unchanged q-o-q at $1.85 psf
per month and $1.83 psf per month respectively.

The occupancy rate of island-wide industrial space for 2Q 2014 was 90.7%. Business park
occupancy rate improved to 85.0% in 2Q 2014 (from 83.4% in 1Q 2014) with a 1.9% q-o-q
increase in occupied space. Single-user factory space and multiple-user factory space were
93.4% and 87.3% occupied (down from 93.7% and 88.4% respectively in 1Q 2014) on the back
of a 0.8% and 2.1% q-o-q increase in available stock. Warehouse stock increased by 3.7% q-o-q,
resulting in a fall in occupancy to 88.5% from 91.1%.

The business environment in Singapore remains challenging due to the ongoing economic
restructuring, changing government regulations and policies on manpower and industrial land use
and rising operating costs. In July 2014, JTC announced a revised subletting policy which states
that third party facility providers can only sublet up to 50% of the building’s GFA to non-anchor
tenants within 5 years after obtaining Temporary Occupation Permit, and up to 30% thereafter.
Whilst the revised subletting policy was effective from 1 October 2014, JTC has allowed a grace
period until 31 December 2017 for compliance.

Outlook for the financial year ending 31 March 2015

At the beginning of FY14/15, about 21.3% of A-REIT’s property income was due for renewal, of
which 6.2% were leases of single-tenanted buildings and 15.1% were leases of multi-tenanted
buildings. The Manager had proactively negotiated and secured renewal commitments for many
of these lessees. As at 30 September 2014, 8.0% of A-REIT’s property income is due for renewal
(comprising 1.4% of single-tenanted building tenancies and 6.6% of multi-tenanted building
tenancies).

With a customer base of around 1,360 tenants in a portfolio of 104 properties in Singapore and 2
business park properties in China, A-REIT is well-diversified in terms of rental income. No single
property accounts for more than 4.0% of A-REIT’s monthly gross revenue. A-REIT’s predictable
earnings stream is underpinned by its portfolio of long and short term leases (23.2% versus
76.8% by asset value respectively) with a weighted average lease to expiry of about 4 years.

With 12.8% of vacant space in A-REIT’s portfolio, there could be potential upside when some of
the space is leased up, the speed of which will largely depend on prevailing market conditions. In
addition, the average passing rental rates of leases in our portfolio due for renewal in FY14/15
are still below the market spot rental rates; hence, positive rental reversion can be expected when
such leases are renewed.
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