1Q 2017 passive income from non-REITs.

Japan is rising from recession. Produced by NHK Int'l.

In my last blog, we saw that I made some changes in my S-REITs portfolio in 1Q 2017. Regular readers might recall that the quarter also saw some changes in my non-REITs portfolio.

I made the following changes to my non-REITs portfolio:

1. Increased my investment in APTT and then sold it within 2 months.

See: Sold APTT at higher price.

2. Increased my investment in QAF Limited.

See: What is QAF really worth?

3. Invested in Kingsmen Creatives.

See: Kingsmen Creatives Limited.

4. Increased my investment in Religare Health Trust.

See: Increased investment in RHT.

5. Invested in Centurion.

See: Centurion Corporation Limited.

6. Invested in Guocoland.

See: Guocoland and Mr Quek.


Eco World, GuocoLand to hold 27% stake each.

Quite a few changes, I must say, and, naturally, my cash position is very much lower now. Off the top of my head, cash is probably at less than 20%.

More than 80% invested is a big deal to me. It is probably a big deal for any regular retail investor who believes in always having a war chest ready.

Unless Mr. Market should throw me prices much lower than the current levels, all else remaining equal, I really wouldn't be adding. 






I received income from the following non-REITs in 1Q 2017:

1. Singtel
2. Tai Sin
3. APTT 
4. APSF
5. Croesus

Total income received from non-REITs, with Croesus Retail Trust being the biggest contributor, in 1Q 2016 is:

$13,543.31

This gives me about $4,514 a month.

Together with income received from S-REITs, I suppose 1Q 2017 turned out pretty well.






I get enough to cover all my expenses and more. So, I am able to do voluntary contribution to my CPF account and also put some money in my war chest. Now, back to my game.

See: 
Make $1 million investing for income?

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

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.