FY2017 passive income from S-REITs.

Time flies and 2017 is coming to an end.

Time for me to take a look at how much income my portfolio of S-REIT has generated for me in the final quarter of the year.







The plan for Saizen REIT to transform into a REIT holding Australian industrial properties failed to materialise.

In the end, it was delisted from the stock exchange and whatever residual value was distributed to its shareholders.

This lifted my total income from S-REITs for the year rather nicely.

Of course, this is definitely the final distribution from Saizen REIT and it will not be repeated.

4Q 2017 distributions from S-REITs:

S$ 31,812.93









Did I change anything in my S-REITs portfolio in 4Q 2017?

I decided to use some of the income received in 4Q 2017 to increase my investment in Starhill Global REIT by more than 50%, paying 74.5c a unit.

This price is, of course, slightly higher than my initial purchase but I believe that even at 74.5c a unit, the REIT is still relatively undervalued.








Now, read this chat I had earlier this month:

In my blog published in March 2017 (see related post #1 at the end of this blog), I said that I was knocking off 5% from the REIT's DPU to be conservative but I did not expect it to take a knock in this manner.

So, everything else being equal, DPU could eventually be 4.75c.

This would give me a distribution yield of 6.37%.

If we would like to remain conservative and knock another 5% off its DPU, it would give us a DPU of 4.5c or a distribution yield of slightly more than 6%.

Being a slightly less compelling offer now, I merely nibbled.

Other than this minor addition, my portfolio of S-REITs is unchanged from the previous quarter.







In case you are too lazy to check my past blogs to calculate FY 2017 distributions received by my portfolio of S-REITs:

S$ 95,142.98

That works out to be approximately S$7,928.00 a month in passive income.

Without a leg up from Saizen REIT's final contribution, I expect my passive income from S-REITs to be some 10% lower in 2018, everything else being equal.

My next few blogs will be about my FY 2017 income from non-REITs and what I did in that space.



Read a message from AK as ASSI turns 8: HERE.

FY2017 passive income from non-REITs (Part 1): HERE.







Related posts:
1. Starhill Global REIT analysis.
2. Saizen REIT's bumper distribution.