SGX Listed REIT

MANULIFE US REIT (SGX:BTOU)


MANULIFE US REIT (SGX:BTOU) @ SGinvestors.io
USD 0.735
0.000 / 0.00%
Share Price as of: 2021-05-18 16:39
Market / ISIN Code: SGX Mainboard / SG1CI1000004
Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Office REITs


Manulife US REIT Blogger ArticlesMANULIFE US REIT Blogger Articles SGX Listed Manulife US REIT (SGX:BTOU) Blogger Articles BTOU.SI Blogger Articles
DollarsAndSense.sg
Irving Soh
2021-05-17 16:31:11
Is Now A Good or Bad Time To Buy Hospitality and Office REITs?
With Singapore reverting to a “Phase 2 (Heightened Alert)” to curb the spread of COVID-19, the office and hospitality REITs look to be some of the biggest losers in the stock market. As of this article’s writing, the largest office REITs in Singapore have all traded down relatively sharply when the latest announcement was made on 14 May 2021. Local investors must now be wondering if this is a good time to buy a larger chunk of Singapore Office REITs or whether deeper price cuts will occur going forward. Read Also: 4 Stocks Affected By Phase 2 (Heightened Alert): Sheng Siong (OV8); UG HealthCare (8K7); SIA (C6L); CapitaLand Integrated Commercial Trust (C38U) The logic of asking this question is straightforward. Investors typically aim to buy at a good value (for the right companies) w
DollarsAndSense.sg
Dinesh Dayani
2021-05-05 12:17:15
REITs Report Card 2021: How Singapore REITs Performed In 1st Quarter 2021
With access to properties and relatively good yields, Singapore investors enjoy investing in REITs. Given that the low-interest-rate environment is here to stay, REITs continue to be able to refinance their debt at attractive levels. The one thing REIT investors need to be watchful about is how COVID-19 will change the way we live, work and play – as these will affect the various property types differently and also in different geographic regions. Even one year after COVID-19 was first reported, hospitality REITs continue to be impacted. Meanwhile, logistics, data centre and healthcare REITs are more relevant than ever. Read Also: [2020 Edition] Complete Guide To Start Your REITs Investing Journey In Singapore How Singapore REITs Performed In 1st Quarter 2021 To get a broad overview of h
My Stocks Investing Journey
Marubozu
2021-05-04 21:53:26
Singapore REIT Monthly Update (May 04 – 2021)
Happening on the 15th and 22nd May 2021, REITs Symposium is into its 7th edition. Across 2 days, we will unveil the developments and opportunities in the REITs Industry. Gain insights into Singapore REITs, and engage with a panel of speakers which include REIT CEOs. Register for free now!     Technical Analysis of FTSE ST REIT Index (FSTAS8670) At the point of writing, the chart of FSTAS8670 is not available on multiple charting platforms. However I am able to find another ticker (FSTRE2000) from MarketWatch. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 859.68 to 865.91 (+0.72%) compared to last month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediat
A Path to Forever Financial Freedom (3Fs)
B
2021-04-13 14:10:10
Apr 2021 - Portfolio & Transaction Updates
No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Manulife REIT 100,000 US$0.74      98,300.00 26.0% Dividend 2. Alibaba        300 US$245      97,000.00 25.0% Growth 3. Lendlease REIT   85,000 S$0.80      68,000.00 18.0% Dividend 4. Starhill REIT   90,000 S$0.55      49,500.00 13.0% Dividend 5. AMD        100 US$79.1      10,500.00 3.0%
My Stocks Investing Journey
Marubozu
2021-04-05 21:04:02
Singapore REIT Monthly Update (Apr 05 – 2021)
Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 826.65 to 859.68 (+3.99%) compared to last month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post Singapore REIT Fundamental Comparison Table on Mar 4, 2021. Fundamental Analysis of 40 Singapore REITs The following is the compilation of 40 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. Note 2: This REI
Just my thoughts on investing
Oldman
2021-03-21 14:08:45
Q1 2021 Portfolio Updates
 Market continued its uptrend from 2020, and with the Covid-19 situation stabilising, the old economy counters have started to recover as well. Overall, the local market had moved up along with the rest of the global indexes. As such, some of the sectors are not as cheap as they were during the massive correction last year.TransactionsWith the recent run up, I took profit on the following counters.KimlyDBSOCBC (Partial)ExxonSTI ETF (Partial)Some of the counters were mentioned in this post. For DBS, using 5 years average dividend of $1.09, at $25 it is fairly valued. Of course it can go higher but I am happy with my profit.The reason that I took profit is they have given me decent returns, most up to 5 years worth of dividend that I would have collected. With the sale, I can use it to
Investment Income For Life
Blade Knight
2021-03-19 16:18:42
Ascendas REIT Acquisition of 11 European Data Centres- Disappointing Distribution Yield
I am deeply troubled by the recent announcement (released on 18 March 2021) by Ascendas REIT with regard to the acquisition of 11 European data centres at a cost of S$960Mil. Make no mistake, the venture into acquiring more data centres here is definitely good news for Ascendas REIT and also something that I have always been looking forward. For clarity here, I am referring to the non-user friendly disclosure by both Ascendas REIT as well as SGX which leaves me feeling extremely frustrated as an investor.1. Confusing financials and distribution yieldBeing an investor, the confusing part sets in when I try to do a quick forecast of the new distribution yield. The SGX dividend page for REITs is a real nightmare because it only depicts dividends and does  not account for capital distribu
Investment Income For Life
Blade Knight
2021-03-18 22:49:00
Equity Portfolio Updates (15 Mar 21)
1. Write off remaining estimated residual value for Eagle Hospitality Trust ("EHT")- S$20KI have done a full write off of S$20K of my remaining investment in EHT. Latest update from DBS Trustee is selling off of most of the hotel properties (15 out of 18 properties) via a "stalking horse" bid. The stalking horse bid is a technique use to reserve a minimum floor price during upcoming auction.  The opening bid is way below even the recent market valuation and stapled securities owners will not get anything back after paying off bankers and creditors at such a low price. Good news is that the 3 remaining hotels do not need to be sold off immediately under duress pricing as apparently, they can still be operational and not under chapter 11. Clearly, the only viable option was to appo
A Path to Forever Financial Freedom (3Fs)
B
2021-03-14 20:05:52
Mar 2021 - Portfolio & Transaction Updates
No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Manulife Reit 100,000 US$0.70      93,000.00 26.0% Dividend 2. Lendlease Reit   85,000 S$0.79      67,150.00 19.0% Dividend 3. Starhill Reit   90,000 S$0.53      47,700.00 14.0% Dividend 4. Ascendas Reit   12,000 S$2.91      34,920.00 9.0% Dividend 5. Prime US Reit   30,100 US$0.80      32,000.00 9.0% Dividend 6. ISHAR
Investment Income For Life
Blade Knight
2021-02-27 15:29:27
Resilience In The Face Of Adversity- Prime US REIT Delivered Another Set Of Stellar Results That Beat IPO Forecast
Prime US REIT IPO ("PREIT") debuted on SGX on 19 July 2019 at a price of USD0.88 per unit. PREIT is sponsored by KBS Asia Partners which is one of the largest US commercial real estate managers with USD 28.3 billion under their direct investment and management belt. At one point in time, its market price even hit USD 1.050 per unit in the early part of 2020. Unfortunately, we all know what happened next. The March'20 stock market crash came along due to COVID lockdowns almost everywhere. PREIT share price struggled to break the USD0.80 per unit resistance level until recently. This was surprising given that its earnings has remained resilient during the COVID pandemic due to its excellent property Grade A portfolio, long WALE and good quality tenants. 1. Evaluation of Operations and F
Profit Hunting
BlackCat
2021-02-15 21:47:02
California and New York: Selling Manulife REIT
Manulife REIT is one of my few losing stocks.  I bought before covid and its been a laggard in the recovery.  There's a lot of bad news coming out of California and New York.  Are they in a long term decline, or just a blip from covid?What We KnowManulife REIT's exposure to California/NY2/3rds of Manulife REIT's assets by AUM are in California or New Jersey (NJ could be considered part of NY city):Source: Manulife REIT Corporate Presentation Sep 2020Are California/NY in Decline?The news out of New York and California is bad.  Companies leaving: HP, Oracle, Schwab. People leaving: Elon Musk, Joe Rogan, Kayne West.  Crime, homelessness and tent cities in the city centers. The news is emotional and politically slanted, so I need numb
DollarsAndSense.sg
Dinesh Dayani
2021-02-14 20:25:03
S-REIT Report Card: Here’s How Singapore REITs Performed In 2020
2020 was a precarious year for property owners. Globally, travel has grinded to a halt, impacting hospitality properties. Even Retail, office and industrial properties have been affected to varying degrees, given the strict COVID-19 management measures. 2020 also feels like the harbinger of the new normal – accelerating trends to an extreme level. We already knew work-from-home was on the rise, online shopping growth was outpacing sales in brick-and-mortar stores, food delivery services were taking over F&B outlets and more. For REIT owners, distribution income was affected due to various countries implementing some form of cost sharing initiatives as shutdowns and “circuit breakers” we enforced. More than that, REIT investors also have to consider the longer term impacts of COVI
A Path to Forever Financial Freedom (3Fs)
B
2021-02-13 09:55:40
Feb 2021 - Portfolio & Transaction Updates
No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on the market price Allocation % Category 1. Lendlease Reit   85,000 S$0.79      67,150.00 20.0% Dividend 2. Manulife Reit   60,000 US$0.72      58,000.00 17.0% Dividend 3. Starhill Reit   90,000 S$0.52      46,800.00 14.0% Dividend 4. Ascendas Reit   12,000 S$3.07      36,840.00 11.0% Dividend 5. Prime US Reit   30,100 US$0.81      32,260.00 10.0% Dividend 6.
A Path to Forever Financial Freedom (3Fs)
B
2021-02-08 18:27:05
Manulife REIT - Full Year 2020 Results & Analyst Briefing
Manulife REIT announced its Full Year 2020 Financial Results this morning and at the same time held an analyst briefing to which I was invited.The setting was nicely done - it was in a large conference room where there are ample seats for social distancing and a clear view of the presentation.All of the attendees were given a box of pineapple tarts as well as red packets to commemorate the upcoming Chinese New Year ahead. Thank you to the team for the surprise gifts.Jill kicked off to give a presentation before the Q&A open floor session.I'll try to provide more colors on what was discussed during the briefing as detailed as I could.Like many investors, I am somewhat disappointed when I found out that DPU for Q4 was down by a massive 11.3% as compared to the previous year despite havin
Profit Hunting
BlackCat
2021-01-23 18:32:27
What I am doing
Nothing.  I'm 110% invested overall.  Still holding my long term dividend stocks while my trading positions in oil/copper producers have been on fire.  I'm buying on margin when opportunities happen and added a small Alibaba position in Dec.  I think the market continues up in the first half, albeit with the potential for a quick 10% correction.  I'm like a pig with my snout stuck in the trough.I think the rally ends around June/July.  Look to sell my copper/oil then.  Might be time to buy protection/volatility.  Gold and TAIL.  I expect a small sharp correction like Dec 2018, I also need to reconsider my Manulife REIT holdings, it has lot of properties in California and New Jersey.  News from those states is not good.Other than that,
Investment Income For Life
Blade Knight
2021-01-17 09:33:55
Are The Distribution From Manulife US REIT Sustainable? Payouts Seems Greater Than Free Cashflow for Past Two Years.
Recently, I decided to take a closer look at the financials of Manulife US REIT as I was rather confused by some analysts asserting that Manulife US REIT has a dividend yield of 8% but when one check the SGX dividend announcements, the annualised dividend yield is only around 5.4%. Apparently, there is a "missing block of dividends". Upon closer examination, the missing block of dividends is actually the capital distribution component of the half yearly distribution. The next question would be why is Manulife US REIT paying out distribution from its capital? Most importantly, is the future distribution sustainable? Also, is there a fundamental deteroriation in the results of the REIT?1. FY2020-Manulife US REIT Making LossesYes. This is not a typo. Manulife US REIT results for the first hal
Investment Income For Life
Blade Knight
2021-01-16 21:32:35
Are The Distributions From Manulife US REIT (MUST) Sustainable? Clarifications from MUST's Investor Relation Team
This is a follow up to my last post on "Are The Distribution From Manulife US REIT Sustainable? Payouts Seems Greater Than Free Cashflow for Past Two Years". As mentioned previously, I have sent out an email to seek the comments of the management team of Manulife US REIT ("MUST"). I was surprised at the quick response within 2 working days by their Investor Relation team which is an excellent reflection of the dynamic culture and tone at the top. I should summarize and share the key comments by the MUST Investor Relation team here.1. MUST Comments on 1H 2020 Income Statement Net LossesAccounting recognition of fair valuation through P&L does create volatility in the P&L. In the case of 1H 2020 results, the accounting loss is due mainly to fair value loss of investment properties an
A Path to Forever Financial Freedom (3Fs)
B
2021-01-12 17:27:57
Jan 2021 - Portfolio & Transaction Updates
No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Lendlease Reit   85,000 S$0.79      67,150.00 14.0% Dividend 2. Manulife Reit   60,000 US$0.74      59,490.00 13.0% Dividend 3. Starhill Reit   90,000 S$0.52      46,800.00 12.0% Dividend 4. Jardine C&C     2,000 S$22.16      44,320.00 12.0% Recovery 5. Ascendas Reit   12,000 S$3.03      36,360.00 10.0% Dividend
Investment Income For Life
Blade Knight
2021-01-03 13:02:12
Reflection for 2020 and Equity Portfolio Updates (31 Dec 20)
1. Friend of StocksCafeI finally decided to subscribe to become a "friend" of StocksCafe and gave up on my attempt to track dividends manually on Excel spreadsheet which is causing too much grief over the years. Time to fall in along with modern times. It turns out that StocksCafe is extremely easy to use and allows one to keep many different portfolios. The dividends feature also ease the mammoth effort to track it manually as well as give a projected dividend forecast for the next 12 months in it.While StocksCafe allows data import, I decided to take the easy way out for this migration and just key all equities at the high level by assigning an average cost as the first transaction for the respective purchases. So effectively from 1 January 2021, my profit and losses with dividends will
A Path to Forever Financial Freedom (3Fs)
B
2020-12-19 16:07:03
Dec 2020 - Portfolio & Transaction Updates
No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Jardine C&C     5,000 S$19.95      99,750.00 20.0% Recovery 2. Lendlease Reit   85,000 S$0.74      62,900.00 13.0% Dividend 3. Manulife Reit   60,000 US$0.74      59,490.00 12.0% Dividend 4. Comfortdelgro   30,000 S$1.71      51,300.00 11.0% Recovery 5. Starhill Reit   90,000 S$0.50      45,000.00 10.0% Dividend





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