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1Q 2021 passive income: Sabana and IREIT to the rescue.

Friday, April 2, 2021

It has been a few weeks since my last blog and I hope everyone is doing well.

I have not done anything to my portfolio in 1Q 2021 apart from adding a bit more to my investment in Sabana REIT in early January.

Of course, from my blog title, you would be able to tell that my decision to significantly increase my investment in Sabana REIT late last year and early this year turned out pretty well.

Total dividends received in 1Q 2021 was some 48% higher compared to 1Q 2020 and my bigger investment in Sabana REIT is one reason for this.




The biggest contributor to the increase in dividends in dollar terms, year on year, is IREIT Global, as I took part in the rights issue and even bought more after the rights issue.

Total passive income from my investments in 1Q 2021:

$36,551.14


This will help to pick up some slack which I am expecting in 2Q 2021.

2Q 2020 saw a strong passive income number of $57,395.95 but that included distributions from two big investments in my portfolio: 

and 





Of course, Accordia Golf Trust is no more while Centurion Corporation has suspended dividends.

Although I have increased my investments in DBS, OCBC and UOB, they are still paying lower dividends for the time being.

Expecting decent enough dividends but nothing very impressive.

ST Engineering, VICOM and Wilmar should help to bring home much of the bacon in 2Q 2021 while ComfortDelgro might take a bit more time to recover.

Time will tell.

I will just wait to see how things turn out and probably share my 2Q 2021 numbers in early July.




At the moment, I am somewhat optimistic that my portfolio should be able to generate at least $120,000 in passive income this year.


I cannot be absolutely sure since the COVID-19 pandemic is still very much alive.

So, although vaccines are available now and a global vaccination drive is underway, we should remain cautious.

Things should get better from here if we are more cautious and we should see some semblance of the old normal returning in another couple of years if nothing goes wrong.




The fear is complacency and, worse, a mutation of the virus which the vaccines are ineffective against.

Having said this, if you can, register for vaccination and get people around you to do the same.

Till the next blog, stay safe and keep all of us safe.






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