Understated gains from Saizen REIT.

For a while, I have suspected that ASSI has stalkers but the following can only happen because this stalker happens to be a friend. If he were just any other reader, I would freak out.

Reader:

I believe you made in mistake calculating your gains from Saizen. 

Just letting you know. You see if you want to amend.

"How much space is enough?"

AK:

I checked the numbers again. You are right!

Spooky!!!

I think I mixed up my average cost price for Saizen REIT with First REIT's.

So, $245,000 is too low.

It should be $30,000 to $40,000 higher.

So, the returns, in terms of percentage, should be higher. Maybe more than 25% a year.

Too lazy to come up with the exact figures. Of course, this shouldn't surprise you. LOL.

I will publish a blog as an errata. Thanks.

This is a very good reminder to everyone that ASSI is not very reliable. If you have yet to read the ASSI disclaimer, it is at the bottom of the blog.

If you choose to eavesdrop on AK talking to himself, do it at your own risk.

What? You are like AK? Too lazy to scroll to the bottom to read?

I reproduce it here:

"The ideas expressed in this blog should not be construed as an enticement to buy or sell the securities, commodities or assets mentioned. The accuracy or completeness of the information provided cannot be guaranteed. Readers should carry out independent verification of information provided. No warranty whatsoever is given and no liability whatsoever is accepted for any loss howsoever arising whether directly or indirectly as a result of actions taken based on ideas and information found in this blog."

Related post:
How much did AK make from Saizen REIT?

How much did AK make from Saizen REIT?

Reader:

Dear AK,

I just started following your blog this year. So many gems!

Thanks for resharing your Saizen REIT blog post from 2015 on Facebook. It just tells me how much more I have to read in your archives!

I might regret asking this but how much money did you make from your investment in Saizen REIT?






AK:

Don't worry, you can ask. 

I won't bite your head off. 

Whether I give you the desired answer or not is something else.

If I did not reveal the larger investments in my portfolio recently, I would probably have refused your request.

Now, I don't see any harm in sharing the numbers. :)

Income distributions plus capital gains (excluding return of capital) from the sale of all the REIT's assets, roughly,

$ 245,000

Almost a quarter of a million dollars.

The number shouldn't be surprising since Saizen REIT was one of my 3 largest investments in S-REITs and my entry prices were pretty low.

In terms of percentage, the return was probably around 20% per year, give or take a little. 

I am not crazy enough to calculate the exact numbers.

Of course, now, with news that Saizen REIT is to be liquidated, I should be seeing another few thousand dollars coming back but that is really a return of capital.

Related posts:
1. 2016 full year passive income.
2. Saizen REIT: Right prices and luck.
3. My investment porfolio.

See errata (19 Mar 17, 9.25pm):
Understated gains from Saizen REIT.