tag:blogger.com,1999:blog-7944902213075756335.post9090068018094722674..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): AIMS AMP Capital Industrial REIT levels up.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-7944902213075756335.post-39823996275051817642018-09-17T14:36:11.169+08:002018-09-17T14:36:11.169+08:00Hi Chris,
You will find the answer here:
AA REIT:...Hi Chris,<br /><br />You will find the answer here:<br /><a href="http://singaporeanstocksinvestor.blogspot.com/2016/01/aims-amp-capital-industrial-reit_15.html" rel="nofollow">AA REIT: A private tour.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12221600812334012492018-09-16T23:19:21.989+08:002018-09-16T23:19:21.989+08:00I am curious about their DPU distribution.
I check...I am curious about their DPU distribution.<br />I checked across a few years and they have been paying 100% of their distributable income. <br />Is this a norm across Industrial REIT? <br />If not, why wouldn't they want to retain 10%?CLhttps://www.blogger.com/profile/00805673622699523109noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85760581064075408022018-08-26T20:26:49.630+08:002018-08-26T20:26:49.630+08:00Hi Chris,
If you read my blog carefully, it is ob...Hi Chris,<br /><br />If you read my blog carefully, it is obvious that it was wishful thinking on my part. ;)<br /><br />And you have answered your own question. Credit rating. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43585437717046203162018-08-26T16:00:45.568+08:002018-08-26T16:00:45.568+08:00To Kevin:
In the event that AA REIT folded, does M...To Kevin:<br />In the event that AA REIT folded, does MTN buyers get paid first over common stock holders?<br /><br />To Wong:<br />Taken from investopedia, "When rated, however, these companies have demonstrated both the capacity and capability to meet their debt payment obligations". Is it right for me to read that although BBB- is not fantastic, but AA REIT is still reliable in CLhttps://www.blogger.com/profile/00805673622699523109noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63184473350603140862018-07-26T09:16:32.250+08:002018-07-26T09:16:32.250+08:00DPU of 2.5c declared for quarter ending June 2018 ...DPU of 2.5c declared for quarter ending June 2018 to be paid on 20 Sep 18.<br /><br />Refinancing in July 2018, weighted average debt maturity lengthened to 3.1 year, with interest savings of about $0.7 million per annum.<br /><br />88.1% of interest rate fixed with interest rate swaps and fixed rate notes.<br /><br />Overall blended funding cost of 3.8%AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28490495651309604212017-07-27T17:24:53.664+08:002017-07-27T17:24:53.664+08:00Hi Kevin,
That could have been a contributory fac...Hi Kevin,<br /><br />That could have been a contributory factor. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85475375705909958022017-07-27T17:12:38.292+08:002017-07-27T17:12:38.292+08:00Hi AK and K,
It is probably just this report tha...Hi AK and K, <br /><br />It is probably just this report that is causing a knee jerk. ;)<br /><br />http://www.businesstimes.com.sg/government-economy/prices-rentals-of-industrial-space-in-singapore-continue-to-moderate-in-q2Kevinhttps://www.blogger.com/profile/16280702711941276740noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5113204597984782232017-07-27T16:13:26.606+08:002017-07-27T16:13:26.606+08:00Hi Adrian,
I won't tell you if I am adding bu...Hi Adrian,<br /><br />I won't tell you if I am adding but I just blogged about the REIT's latest results:<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2017/07/aims-amp-capital-industrial-reit.html" rel="nofollow">AIMS AMP Capital Industrial REIT challenged.</a><br /><br />;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16955582436682246512017-07-27T15:28:51.241+08:002017-07-27T15:28:51.241+08:00Hi AK,
Will you be adding to your position? In you...Hi AK,<br />Will you be adding to your position? In your opinion is the drop justified? i see property income and revenue stable, and the drop in DPU is mainly due to the distribution a year ago from payment from the fire insurance and retaining some of the current quarter distribution?Anonymoushttps://www.blogger.com/profile/03617426693178227657noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68314362872192981412017-07-27T15:23:18.067+08:002017-07-27T15:23:18.067+08:00Hi AK,
Will you be adding to your position? In you...Hi AK,<br />Will you be adding to your position? In your opinion is the drop justified? i see property income and revenue stable, and the drop in DPU is mainly due to the distribution a year ago from payment from the fire insurance and retaining some of the current quarter distribution?Anonymoushttps://www.blogger.com/profile/03617426693178227657noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17337238255301744382017-07-27T14:21:14.718+08:002017-07-27T14:21:14.718+08:00Hi K,
Having lived through the GFC when AA REIT&#...Hi K,<br /><br />Having lived through the GFC when AA REIT's unit price went to under a dollar, a 4% decline is merely a ripple. ;) AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68433643686768432132017-07-27T14:05:20.771+08:002017-07-27T14:05:20.771+08:00Share price drop by 4% lor.Share price drop by 4% lor.Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14741784532778100642017-07-27T13:56:05.093+08:002017-07-27T13:56:05.093+08:00Hi K,
AA REIT punished this morning? Really? How ...Hi K,<br /><br />AA REIT punished this morning? Really? How was it punished?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83657261137963309082017-07-27T12:13:08.105+08:002017-07-27T12:13:08.105+08:00Hello,
Why is the counter getting punished this m...Hello,<br /><br />Why is the counter getting punished this morning?Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4983994029234478112017-03-20T13:21:29.618+08:002017-03-20T13:21:29.618+08:00Hi Wong,
Thanks so much for the clarification. :)...Hi Wong,<br /><br />Thanks so much for the clarification. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57562540243611647302017-03-20T13:20:24.042+08:002017-03-20T13:20:24.042+08:00Hi Kevin,
I have been buying. So, it is a much ne...Hi Kevin,<br /><br />I have been buying. So, it is a much needed boost. ;p<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15815378880310608732017-03-20T00:15:30.901+08:002017-03-20T00:15:30.901+08:00Hi AK and Kevin,
Thanks for checking. I couldn...Hi AK and Kevin,<br />Thanks for checking. I couldn't find any info that the bonds are rated. It is very rare that bonds from Reit are rated, even <br />the big one.. You can check those from Ascendas and Keppel. Also issuer rating is <br />different from bond rating. Typically issue is rated lower than the issuer. <br />Just check some of the bank bonds. BBB- from s&p is consideredWonghttps://www.blogger.com/profile/16805397480900795971noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48612387853488453012017-03-19T23:57:29.918+08:002017-03-19T23:57:29.918+08:00Hi AK,
AA REIT distribution coming in this coming...Hi AK,<br /><br />AA REIT distribution coming in this coming Thursday and POSB will give you a triple A rating after CDP performs the crediting. :PKevinhttps://www.blogger.com/profile/16280702711941276740noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85365584801903050812017-03-19T21:21:24.011+08:002017-03-19T21:21:24.011+08:00Hi EK,
If the REIT can refinance at a lower cost ...Hi EK,<br /><br />If the REIT can refinance at a lower cost (i.e. interest rate), it is a good thing.<br /><br />Having said that, having a demand for its MTN reduces the REIT's reliance on banks for its funding needs. That is also a good thing.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6678893554886461842017-03-19T17:19:55.540+08:002017-03-19T17:19:55.540+08:00Hi AK,
Can you talk to yourself somemore to elabo...Hi AK,<br /><br />Can you talk to yourself somemore to elaborate on why you think this is a good move. Trying to understand your mental and thinking. Isn't issuing MTN increasing the debt/gearing?EKhttps://www.blogger.com/profile/09468987131033799328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77639999541618188992017-03-19T12:27:14.362+08:002017-03-19T12:27:14.362+08:00Hi Kevin,
You are very on the ball! You are right...Hi Kevin,<br /><br />You are very on the ball! You are right, of course. AA REIT was rated in 2016. I wonder if they would be rated in 2017. With the new 45% cap on gearing (credit rating or not), it seems that more REITs are moving away from getting rated. I wonder if Wong caught something in the wind.<br /><br />"April 4, 2016--Standard & Poor's Ratings Services said today that it AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14673963537992429462017-03-19T12:15:30.987+08:002017-03-19T12:15:30.987+08:00Hi Wong,
I thought AA REIT is rated investment gr...Hi Wong,<br /><br />I thought AA REIT is rated investment grade BBB- by S&P? Do correct me if i am wrong. -_-"Kevinhttps://www.blogger.com/profile/16280702711941276740noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4818981412918838512017-03-19T12:05:10.441+08:002017-03-19T12:05:10.441+08:00Hi Wong,
I am not suggesting that AA REIT's b...Hi Wong,<br /><br />I am not suggesting that AA REIT's bonds are investment grade.<br /><br />I am just happy that they are moving in the right direction.<br /><br />Thanks very much for sharing. Good one. ;)<br /><br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24606465662935910882017-03-19T12:00:07.762+08:002017-03-19T12:00:07.762+08:00Hi AK,
AA bonds are not investment grade for the s...Hi AK,<br />AA bonds are not investment grade for the simple reason that they are not rated at all, let alone at investment grade.<br />They are able to pay a lower coupon rate because there is a hugh demand for S$ denominated bonds by Singapore companies with some name recognition in Singapore.<br /><br />Cheers!<br />WongWonghttps://www.blogger.com/profile/16805397480900795971noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80304203241028579702017-03-18T13:48:49.871+08:002017-03-18T13:48:49.871+08:00Hi SOM,
I believe this is for accredited investor...Hi SOM,<br /><br />I believe this is for accredited investors and not for retail investors.<br /><br />Sometimes, my banker would call me to ask if I was interested in such offers but I would tell him I don't have the money. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com