2Q 2017 passive income from S-REITs.

Once every quarter, I would spend half a day or so going through my dividend vouchers and checking my bank accounts. It is that time again.

2Q 2017 was a pretty quiet quarter for me as I maintained the status quo for my portfolio of S-REITs.

The portfolio received contributions from a couple of new investments made in 1Q 2017:

1. Starhill Global REIT
2. Frasers L&I Trust


Industrial Real Estate Market Update Q4 2016 | JLL Australia

Total income distributions received from S-REITs in 2Q 2017: 

$21,069.52

This is about a 2% reduction from 1Q 2017 which saw $21,477.10 received.

What happened?

We are missing contributions from IREIT and CRCT this quarter as they distribute income half yearly.

Keeping the status quo should see more income collected from my portfolio of S-REITs in 3Q 2017.

How much more? 

We will have to wait and see.

For now, $7,000 a month in "salary" is pretty comfortable for me.

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

Frasers Hospitality Trust (FHT).

Reader:
Frasers Hospitality Trust. I like this and invested in it last year and applied for excess rights.

I find FHT attractive because mostly freehold and spread across many countries. Yield is 7%+. Plus strong sponsor and brand name.

I am not good in analysing. Hope you will talk to yourself. :)


AK:
I don't like it when a REIT purchases properties and DPU goes down.

And the rights issue was in part to strengthen balance sheet which did nothing to improve DPU.

"The issue would also reduce FHT's debt levels and strengthen its balance sheet."
http://www.straitstimes.com/business/companies-markets/frasers-hospitality-trust-to-raise-266m-in-rights-issue

I don't like it when total distributable income goes up but DPU goes down.

"Distribution income for the quarter was up 3.1 per cent year-on-year... DPS in the three months as at end December 2016 was down 18.9 per cent year-on-year..."
http://www.businesstimes.com.sg/companies-markets/frasers-hospitality-trusts-dps-down-on-enlarged-stapled-security-base

As a shareholder, I should be very interested in what happens to the DPU. I feel that the shareholders could have been better off without the rights issue.

There are probably things to consider beyond that but my plate is full. ;)

Related post:
REITs and rights issue.