1Q 2017 passive income from S-REITs.

"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).

See: FLT & CRCT added.

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.

See: Would AK invest 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.

Related post:
1Q 2016 income from S-REITs.