Hello 2019!Since I stopped updating on my portfolio 4 months ago, I've received lots of inquiries from readers asking me to reinstate back this post.After much deliberation, I've decided to republish them again in my blog starting this month with the January's update. While I don’t exactly know how these updates will benefit readers who are requesting for these updates, I hope they are not using this the wrong way.For myself, I am using the update to justify for accountability to myself which is mainly to articulate my summary thoughts in a more organized manner and why I decided to hold/buy/sell and make certain decisions.Overall MarketsLet's first start with the observation of the overall market.This has been a pretty smooth sailing month so far.STI ended the year in 2018 with las

Frasers Logistics and Industrial Trust (SGX: BUOU) is a real estate investment trust (REIT) listed in Singapore with logistics and industrial properties. The REIT’s sponsor is Frasers Property Ltd (SGX: TQ5). At the end of December 2018, the REIT released its annual report for the full year ended 30 September 2018 (FY2018). Here are some key figures from the report to give investors a deeper understanding of the REIT. Where does the REIT make money from? The REIT’s portfolio of 82 properties, as of 30 September 2018, is concentrated in major logistics and industrial markets of Australia, Germany and the Netherlands. The properties are mostly on freehold and long leasehold land tenures – 70% of the properties sit on freehold land, 21.6% are on more than 80-year leasehold while 8.3% ha

Current Price on 28th Dec 2018 = $0.505Yield = 8.37%  Price-to-book Ratio = 0.985Assets per unit = $0.956Debt per unit = $0.443 (including current liabilities)Gearing = 46.4%Secured NAV = $0.513 (101% of trading price)ESR-REIT is currently my biggest holdings with about 329,000 shares worth about $166,000. It is earning me a monthly dividend of $1,100 which helps to pay a lot of my bills. This is because of the merger earlier with Viva Industrial Trust where most of my holdings in Viva Industrial Trust is converted to ESR REIT (and coupled with my original holdings). It looks a lot so may pare down but let's take a look at the statistics first.With a yield of 8.37%, it is quite attractive. In fact, REITs with similar size (Ascendas REIT, Mapletree Logistics Trust, Mapletree Indus

I have never come up with a post about my wealth building as a summary for the year and really hate to come up with something like this because my results have always been bad. However, since some readers asked, I tried to keep it brief. Here are some things you need to know about my wealth building system, or how it has evolved until this current state: Active investor My main wealth machine is through active stock investing Asset allocation of Individual Equities and Bonds/Cash Portfolio Construction/Management takes place before individual financial assets (stocks, bonds, cash) selection My equities position goes up and down between 40% to 70% depending on my reads of the market I understand fundamentals, valuations, a little momentum, and a little technical analysis, but I would call

Distribution per unit (DPU) growth is crucial when investing in real estate investment trusts (REITs). A REIT that can consistently increase its DPU will not only provide the investor with higher distribution, its unit price will likely appreciate along with the DPU growth. With that, here are two REITs that have increased their DPU in the last quarter. Frasers Logistics and Industrial Trust (SGX: BUOU) With a portfolio valued at A$3.0 billion, Frasers Logistics and Industrial Trust is one of the larger industrial REITs in Singapore. Its investment portfolio consists of 61 properties in Australia, 17 in Germany and four in the Netherlands. In the July to September quarter, the REIT managed to increase its distribution per unit by 0.6%. While a 0.6% increase may not seem like much, it is a

Time really flies these days when we are in our mid 30s, pegged by a combination of busy work and heavy loads of watching our children grow as each year past by.I wanted to wrap things up for the year given that I will be taking a holiday trip to Bali with my family for the next few days until Christmas, and wanted to do a reflection of my equity performance this year before I then wrap things up for 2018 on an overall scale. I received some good feedbacks last year on how I presented with my performance review, especially clearly positioning my winners and losers so I thought I’d continued with the same format for this year. Please bear with me as this will be a pretty long post.Overall Market ThoughtsThis was a tough and rough year for investors because this was supposed to b

Against the backdrop of a rising interest rate environment, REITs seem to be one of the obvious losers. This is because REITs are asset-heavy investments that require high levels of leverage, borrowing substantial amounts of money to purchase properties that they subsequently rent out. Read Also: Increasing Interest Rates In 2018: Here Are 4 Ways Singaporeans Will Be Affected In Singapore, there are currently 39 listed REITs and a further nine business trusts (of which six are property related). On average, they have a debt to asset ratio of just under 35%. With rising interest rates, REITs will have to fork out more in interest payment, potentially reducing the distributions they can pay to investors. How REITs Have Performed In YTD 2018 To gauge the performance of REITs in 2018, we can l

On the evening of 5 November 2018, Frasers Logistics and Industrial Trust (SGX: BUOU) reported its fourth quarter and full year earnings update for its fiscal year ended 30 September 2018 (FY2018). As a quick introduction, Frasers Logistics and Industrial Trust is a REIT that focuses on logistics and industrial properties. Its portfolio, which currently has a value of over A$3.0 billion, consists of 83 properties in Australia, Germany, and the Netherlands. Let’s take a quick look at the important points about Frasers Logistics and Industrial Trust’s latest results for the fourth quarter of FY2018: 1. Gross revenue for the reporting quarter increased by 43.2% year-on-year to A$60.44 million, and adjusted net property income followed suit, rising by 52.6% to A$49.31 million. The ste

Singapore listed Frasers Logistics and Industrial Trust (FLT) yesterday evening made an announcement that they will acquire a logistic property from parent Frasers Property Limited (FPL). The acquisition should be part of the portfolio that FPL acquired a year ago. Perhaps the property have not stabilized to be acquired during FLT’s last round of acquisition (read My Analysis of Frasers Logistics & Industrial Trust’s Purchase of 21 Logistic Properties in Germany and Netherlands). The Net Property Income Yield of this property is 5.4%. Perhaps it pays to reference the table from the acquisition in the article stated above. The NPI Yield seem to have compressed a little from 6 months ago but it is not too far off from the 5.5% median NPI Yield. This property is leased for 15 ye

Frasers Logistics & Industrial Trust (SGX: BUOU), a REIT that specialises in logistics and industrial properties in Australia, Germany, and the Netherlands, announced yesterday that it had acquired a logistics property from its sponsor Frasers Property Limited (SGX: TQ5). Here are 10 key takeaways from the announcement: 1. The asset is a prime logistics property located in Meppel in the Netherlands and its land tenure is freehold. The acquisition increases the total number of properties held by Frasers Logistics & Industrial Trust from 82 to 83. 2. The new property has a gross lettable area (GLA) of 31,013 square metres and construction was just completed a few months ago in May 2018. 3. The new property is fully leased to FrieslandCampina on a 15-year, triple-net lease. A triple-n

Axis REIT is the first Islamic business space and industrial REIT to be listed on Bursa Malaysia. As at 30 June 2018, Axis REIT has a portfolio of 42 properties worth RM2.66 billion. In this article, I’ll cover Axis REIT’s results for the last 10 years and discuss its plans for growth in the near-future. Here are 12 things to know about Axis REIT before you invest: Group financials 1. Axis REIT \expanded its portfolio size by a compound annual growth rate (CAGR) of 14.91% for the past 10 years — from 19 properties worth RM730 million in 2008 to 40 properties worth RM2.55 billion in 2017. The REIT acquired two more properties in 2018 increasing its total number of properties to 42 and portfolio size to RM2.66 billion presently. Source: Axis REIT Q2 2018 and annual reports 2. Gro

There is often much investment wisdom to be gleaned from seasoned investor Warren Buffett’s quotes for value investors to ponder over. For instance in a letter Buffett wrote to his shareholders in 2010, the Oracle of Omaha commented that, “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” Against the strengthening Greenback underpinned by repeated rate hikes, not only currencies from the emerging markets were badly hit but even those from the mature markets were not spared. Specifically, the currency in question here is the weakening Australian Dollar (AUD), which has affected companies running businesses in Australia as they reported less than desirable results after earnings were translated back into the reporting currencies. Among them, we