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

4Q 2017 has been a relatively active one for me in the non-REITs space and being a rather long blog, I decided to take my time and publish it in 4 parts.

In its final days on the Singapore Stock Exchange, at $1.17 a unit, the total value of Croesus Retail Trust in my portfolio easily trumped First REIT as my second largest investment.

As Croesus Retail Trust was delisted and distributions made to its shareholders, the cash level in my investment portfolio rose significantly due to this reason alone.






I would have been quite happy to sit on a lot more cash and to do nothing if I did not see any compelling offers by Mr. Market.

This is because I look at the capital gain from the sale as receiving income distributions for many years in advance.

So, mostly thanks to Croesus Retail Trust, 4Q 2017 distributions received from non-REITs is a rather impressive figure:

S$ 391,775.11

Of course, I am also sadly aware that much of this would not be repeated.







Having said this, there could be another distribution of a similar nature in the near future although the quantum is going to be smaller as it is a smaller investment for me.

I am, of course, talking about Religare Health Trust, a business trust which owns healthcare assets in India.

Fortunately, I took advantage of a sudden intra day plunge in Religare Health Trust's unit price earlier in the year to increase my investment by 150%.

Pure, dumb luck, I am sure.









So, did I do anything in the non-REITs space in 4Q 2017?

I will continue to talk to myself in the next three parts.

Read part 2: HERE.

Meanwhile, you might be interested in:
FY2017 income from S-REITs.

Related posts:
1. Croesus Retail Trust.
2. Religare Health Trust.

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.

A message from AK as ASSI turns 8.

Christmas Eve of 2009.

My blog was born.

Why did I start blogging?

It was out of boredom and curiosity.

On this day, the message I wish to share is more than

"If AK can do it, so can you!"





Instead, take a look at this:

Reader #1 says...
No need to think so much. Just buy, hold and sell when AK does. He's the Oracle.

AK says...
I am no Oracle and I am thinking of retiring or at least semi-retiring from blogging.
So, better do not rely on me. ;)

And I do mean it.





Reader #2 says...
I hope your readers know how not to go in or follow blindly...

AK says...
Everybody should have a plan, their own plan.
It is never a good idea to ride on someone's coat-tail.

We are very lucky that in Singapore financial freedom is not a dream for most of us.

By being prudent, pragmatic and patient, we can achieve financial freedom and we should.

However, it is a dream that AK can do no wrong and that AK will always be here.





Why be prudent, pragmatic and patient?

Read this and be wealthy:
Three attributes of a wealthy peasant.

MERRY CHRISTMAS!

Technical analysis of SingTel.

A reader saw my technical analysis (TA) for ComfortDelgro and asked if I did the same for SingTel?

Translated:

"Please share your TA for SingTel."

OK, I don't do TA on request anymore but since I am in the process of building a larger stake in SingTel, here is a quick TA on SingTel:

Since going XD, SingTel saw its share price plunging but I don't think this has anything to do with its business fundamentals which do not seem to have deteriorated enough to warrant the huge decline in price.

If the fundamentals at $3.79 a share are the same as the fundamentals at $3.58 a share, logically, what should someone who was buying at $3.79 do now?

Having said that, price movement is sentiment driven most of the time and this is what we call "volatility".

There is no accounting for prices and Mr. Market does not care what we think.

For those who bought at a much higher price only to "cut losses" now, I only hope they do not regret later on.

If I were in their shoes, I would ask if I did not buy at those higher prices, would I be buying now?

This question will probably yield a more rational answer.

Well, it has always worked for me.

To be fair and also to be rational, what they do depends on their motivation for buying into SingTel when they did.

Always remember that TA is about probability and not certainty.

It is quite clear to me that there is support at $3.58 a share but it is not a strong support per se.

The Fibo golden ratios are at $3.53, $3.49 and $3.45.

These supports might or might not be tested but if the downtrend should persist, these are the prices which could see me accumulating.

In terms of momentum oscillators, both MFI and CMF are pretty benign which suggests to me that the bears might lack the strength to push the price much lower although the huge gap down in price is bearish and that is what the MACD reflects.

Although I believe that investing in SingTel at $3.58 provides value for money and that money isn't flowing rapidly out of the stock, it might not be a good idea to throw in everything including the kitchen sink at this point either.

I anyhow talk to myself only. I blur.

Related post:
Technical analysis of ComfortDelgro.