2Q 2017 passive income from non-REITs.

After my blog on 2Q 2017 passive income from S-REITs, of course, it has to be a blog on 2Q 2017 passive income from non-REITs.

Well, 2Q 2017 was also pretty quiet for me in the non-REIT space as I also pretty much kept the status quo here.

Total income received from non-REITs in 2Q 2017 was:

$52,045.09


If we were to include dividends from 1Q 2017 which saw a total collection of $13,543.31, total dividend received in 1H 2017 is 

$65,588.40


The portfolio saw a rather significant reduction in contribution by SPH since I trimmed that investment by 50%.





However, contributions from the enlarged investment in QAF as well as dividends received from a pretty significant investment in Centurion more than made up for this.

I must also mention that the quarter's dividend income received a big boost from Hock Lian Seng which declared a generous special dividend.

This is unlikely to be repeated anytime soon. So, everything being equal, I would expect lower dividend income in 2018.

Of course, everything is probably not going to remain equal.

Last quarter, Croesus Retail Trust was the biggest non-REIT income contributor. Accordia Golf Trust is the biggest contributor this quarter.

With Croesus Retail Trust being one of my biggest investments and likely to go the same way as Saizen REIT, future passive income from non-REITs would naturally take another hit.

The upside is that I will be receiving many years of "income distributions" in advance and the cash position in my portfolio will see a big increase.

I would probably have to sit on more cash for the foreseeable future.

"It takes character to sit with all that cash and to do nothing."
- Charlie Munger

My seat is likely to be quite cushy.

Related post:
1Q 2017 passive income from non-REITs.