Listed in July 2002, CapitaLand Mall Trust (CMT) is the first and the largest retail REIT to be listed on the SGX. It derives income from a portfolio of 15 retail malls worth S$11.1 billion located across Singapore. I recently received its latest 2018 annual report and in this article, I’ll give an update on CMT’s latest financial results, growth plans, and valuation. Here are 15 things to know about CapitaLand Mall Trust before you invest: Portfolio 1. CMT achieved a compound annual growth rate (CAGR) of 5.4% in its portfolio valuation for the last 10 years, from S$6.9 billion in 2009 to S$11.1 billion in 2018. This is due to stable capital appreciation of its existing properties and acquisition of key assets such as Clarke Quay, Bugis+, Westgate and Bedok Mall during the

In part two of this 6-part series, we zoom in on the outperformers of this quarter. The focus will be on the REITs that managed to put in a strong quarterly performance. Here are three REITs that had such a strong 4Q18 that investors will now wish that you own a piece of them. Investors Takeaway: 3 REITs Finishing Strong CapitaLand Mall Trust It was a solid quarter for CapitaLand Mall Trust as it returned to growth in 4Q18. Both CapitaLand Mall Trust’s 4Q18 and FY18 DPU came in above DBS’s expectations. DBS notes that while several factors were at play, the growth in distributions was mainly attributed to the Westgate acquisition and further improvements on the operational front. Besides that, there was also a broad-based improvement in net property income across CapitaLand Mall Trus

In early 2017, Sabana REIT has been getting a lot of attention when a small group of unitholders moved to kick out the manager for delivering poor performance since its IPO in 2010. Early investors who bought Sabana at an IPO price of S$1.05 are now sitting on huge losses – Sabana last traded at just 41.5 cents per share at time of writing. If we look at the history, Sabana REIT isn’t alone. There are several other Singapore REITs (S-REITs) like Saizen REIT, MacarthurCook Industrial REIT and Allco REIT that have run into trouble before and caused a dent in Singapore’s REIT sector. Despite some casualties, Singapore’s REIT market remains vibrant – largely thanks to the majority of S-REITs that continue to deliver good results to income investors. In this article, we look at the pe

The US Federal Reserve has indicated that 2019 will likely see slower interest rate hikes. This comes on the back of mounting macroeconomic uncertainties, that has seen investors turn to less risky investments. This may benefit REITs in three ways: # 1 Traditionally, REITs take on a lot of debt to fund its capital-intensive property investments. Slower interest rate hikes in 2019 will ease the growing pressure on REITs, in terms of debt repayment. # 2 Markets are efficient – which means that prices of REITs would have taken into consideration that rate hikes would continue as normal. This stance of slowing down the interest rate hikes in 2019 is new information for the market, and may give REITs a boost. (Do note that most of this new information should already be priced into the markets

In this article, we will compare the valuation for Frasers Centrepoint Trust (SGX: J69U) and CapitaLand Mall Trust (SGX: C38U)

In this article, we will compare the debt profile for Frasers Centrepoint Trust (SGX: J69U) and CapitaLand Mall Trust (SGX: C38U)

In this article, we will compare the growth in distribution per unit for Frasers Centrepoint Trust (SGX: J69U) and CapitaLand Mall Trust (SGX: C38U) for the last 10 years.

What a breath-taking form! For the past one year, numerous blue chips in Singapore Exchange suffered from a terrible loss of form, causing many wealth builders to lose their pants. Many REITs were not spared from the rout either. CapitaLand Mall Trust unit price is one of the rarest of rare counters to buck the trend to enjoy a magnificent rally. The gravity-defying form of CapitaLand Mall Trust unit price is certainly intriguing as the unit price remained bullish even after a massive $277.6 million private placement exercise in November 2018. With distribution yield of 4.8% and Price/Book Value of 1.19 as of 11 February 2018, current CapitaLand Mall Trust unit price is indeed attractive. The top three major shareholders are CapitaLand Limited (27.12%), BlackRock (7%) and NTUC Enterprise C

This article, was supposed to be my submission into a joint book that a bunch of people have written. But it seems to have not seen the light of the day any time soon.  I just do not like to write a bunch of things and it not seeing the light of day. So I decided to put it out on my site now. This is an analysis of a company which I own. The price have ran up a little but I thought it would still be worth it to bring to your attention. I would try to do less of those horse back carriage front kind of things where I told you “I bought this stock when its distressed and look how great I am” posts.  Their results should be out in early March and I thought it has a pretty interest mix of profile that you can be aware about. The recent share price trend. Note that it has n

Frasers Centrepoint Trust (FCT) is a SGX-listed retail REIT that owns six suburban retail malls located around Singapore. They include Anchorpoint, YewTee Point, Causeway Point, Northpoint City North Wing, Bedok Point, and Changi City Point. As at 30 September 2018, FCT’s portfolio of properties was valued at S$2.75 billion. FCT has been on our watchlist for some time now and with good reason too – since its IPO in 2006, the REIT has achieved 12 consecutive years of distribution growth. At the same time, the market is well aware of FCT’s remarkable track record which makes buying opportunities for FCT hard to come by. However, a surprise announcement by CEO Dr Chew Tuan Chiong at the latest annual meeting may put FCT’s future performance in doubt… Here are 10 things I

With a net worth of $84 billion, Warren Buffett is one of the greatest investors of our time. Just as how we like to evaluate the management of a company through its words and actions, Buffett’s quotes also reveal a great deal about his character, beliefs, and investment philosophy. And I believe we, as investors, can draw huge inspiration from the wisdom and experienced offered by his timeless quotes. So here are, in my opinion, eight timeless quotes from Warren Buffett that everyone can learn something important from:  1. ‘Be fearful when others are greedy, and be greedy when others are fearful.’ Greed and fear – the two emotions that are the bane of every investor. Remember Sunshine Empire, Gold Guarantee and Genneva Gold? These Ponzi schemes have conned thousands of pe

By now, many of you would have seen the numerous news articles and commentary pieces on CapitaLand’s $11 billion acquisition of Temasek’s subsidiary, Ascendas-Singbridge. This combined entity creates Asia’s largest diversified real estate group and a global top 10 real estate investment manager, with over $116 billion of assets under management (AUM), including logistics/business parks, industrial, lodging, commercial, retail and residential spaces, in more than 180 cities across 32 countries. CapitaLand Share Price CapitaLand’s share price is currently $3.30, up about 7.5% since the start of the year. In contrast, the broader market, the Straits Times Index (STI) is only up about 5.1% since the start of the year. Source: StockFacts In addition, here’s what the brokerage housesâ€

In this article, we continue to highlight another investment theme that DBS recommends for investors in 2019: Yield plays with growth potential. Investors Takeaway: 5 Yield Plays With Growth Potential By DBS ComfortDelGro Corporation The greatest concern about investing in ComfortDelgro Corporation (ComfortDelgro) is the impending full entry of Go-Jek. Go-Jek’s entry will create increased competition from the private hire cars on ComfortDelgro’s core business. However, DBS is confident that competition is unlikely to heighten back to the times when Grab and Uber were both competing in the space. Heading into 2019, DBS is forecasting positive year-on-year growth for ComfortDelgro, which may be surprising to some investors. DBS notes that ComfortDelgro has been showing positives signs of

A look at how Ascendas Real Estate Investment Trust (SGX: A17U), CapitaLand Commercial Trust (SGX: C61U) and CapitaLand Mall Trust (SGX: C38U) performed in 2018.

The Straits Times Index (STI) is made up of the 30 strongest and most liquid stocks listed in Singapore. Comprising close to 80% of the entire market value in Singapore, the returns that the stocks on the STI provides is essentially the market returns or benchmark returns. For investors who are new or prefer taking a hands-off approach, being able to invest in the STI can be the most practical way to invest. This is primarily because it offers several advantages such as diversifying our investment portfolio with just one investment as well as receiving the market returns without requiring much knowledge or spending time monitoring and adjusting our portfolios. Currently, there are two listed STI exchange traded funds (ETFs) – the SPDR STI ETF and the Nikko AM Singapore STI ETF – that w