The email address in "Contact AK: Ads and more" above will vanish from November 2018. No new email address will be provided. Contact me using Facebook. - AK

Longevity should be a blessing and not a curse.

"One in two Singaporeans aged 65 today is expected to live beyond 85, and one in three will live beyond 90. "Tripartite Workgro...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

4th free "e-book".

Pageviews since Dec'09

FOLLOW AK ON FACEBOOK.

Recent Comments

ASSI's Guest bloggers

1Q 2017 passive income from S-REITs.

Saturday, April 1, 2017


"What is the interest rate risk of REIT investments? Interest rates only represent a portion of the overall equation."

Time flies. It is time for another quarterly update.


In 1Q 2017, I received income from the following S-REITs:

1. AA REIT
2. First REIT
3. IREIT 
4. CRCT
5. Soilbuild REIT
6. Cache Log Trust
7. K-REIT
8. FCOT
9. Suntec REIT
10. LMIR
11. CIT
12. Sabana REIT

My largest investments in the S-REITs universe are still in AA REIT and First REIT. The others are relatively small investments with IREIT and Soilbuild REIT being slightly larger.

In 1Q 2017, I made the following changes to my S-REITs portfolio:

1. Invested in Frasers L&I Trust (FLT).
2. Invested in CapitaRetail China Trust (CRCT).

3. Took part in Sabana REIT's rights issue.

See: History with Sabana REIT.

4. Invested in Starhill Global REIT (SGR).

See: Online shopping and SGR.

5. Added to my investment in IREIT.


Everything remaining equal, I don't think I will be making new investments or adding to any investment in the S-REITs space. I am pretty comfortable with what I have now.

So, how much income did I receive in 1Q 2017?

$ 21,477.10

This gives me about $7,159.00 a month which is a big reduction from a year ago.

Of course, what is missing is the income distribution from Saizen REIT.

Full year income, although reduced, from S-REITs should still be quite comfortable due to expected contributions from new investments in FLT, CRCT and SGR as well as a larger investment in IREIT.

I will be sharing the numbers for investments in non-REITs in my next blog.

2 comments:

Kevin said...

Hi AK,

Cache Log Trust has been underperforming in recent years. It lost several master lessee and had to go for multi-tenanted which contracted earnings. Having said that, the Singapore overall portfolio for land leasehold is pretty long.

Gearing is now over 43% and I am sure an impending rights issue or private placement will come soon to bring it down.

AK71 said...

Hi Kevin,

I bought into Cache Log Trust during the Global Financial Crisis. It was pretty promising back then. I still have a small legacy position which I don't mind holding on to. :)

Monthly Popular Posts

 
 
Bloggy Award