Happy National Day!!  To celebrate 57 years of Singapore’s independence, I’ll be offering free portfolio review consultation! For a limited time only. https://calendly.com/kennyloh/portfolioconsult   Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 807.47 to 828.74 (2.63%) compared to last month’s update. The REIT Index has reversed to a short-term uptrend, with the 20-day and 50-day Simple Moving Average (20 SMA and 50 SMA) now on an uptrend. The 200 SMA has acted as a resistance for the past 10 days. However, these are small changes as the REIT Index is still moving on a sideways direction in the long-term (see 2nd chart below). Support Lines: Blue Resistance Lines: Red Shor

18 July 2022 Money and Me: REIT picking in an inflationary environment For the first half of 2022, the iEdge S-Reit Index has displayed strong resilience, generating flat total returns. In fact during the period, the S-Reits and property trusts sector in Singapore saw S$359 million of net institutional outflows and S$447 million of net retail inflows. Kenny Loh, REIT Specialist and Independent Financial Advisor joins Melissa Hyak on Money and Me as they discuss his 2H2022 outlook for Singapore REITs and what investors should know when REIT picking in this inflationary environment. Timestamps 0:18 Intro 1:09 2nd Half 2022 Outlook 1:25 How has the S-REIT market fared so far this year? 2:59 Overview on last few years’ S-REIT historical performance: we are not at pre-COVI

The stock markets have been volatile since late last year, with a slight respite in recent days. Among the various stocks / Reits in my portfolio, many are still holding up. Having said that, for my dividend income portfolio, my … Continue reading →

The US Fed raised interest rates by 75 basis points on June 15, 2022, which is the biggest hike in 28 years. Coupled with post-pandemic recovery, this raises the question: How will REITs be impacted by the Interest Rate Hike? This will depend on the REIT, and many factors, not limiting but including: REIT Sector (Retail, Office, Industrial etc.) Sponsor of REIT (Stronger sponsors tend to attain better refinancing deals) Market Capitalization (The bigger the REIT, generally the more resilient its portfolio) Historical performance Debt Maturity Length (Weighted Average) Cost of Debt (Weighted Average) Gearing Ratio % of Fixed Rate Debt   Fundamentals: Sector, Sponsor and Market Capitalisation Generally, by combining the market capitalisation, gearing ratio, debt maturity profile and a

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 820.69 to 807.47 (-1.61%) compared to last month’s update. The REIT Index is currently in a downward Parallel Channel, having broke the 800 support (false broke out last time) between June 14th and June 21st, but rebounded from the 800 support (which tested for 3 occasions). Support Lines: Blue Resistance Lines: Red Short-term direction: Down Medium-term direction: Sideways Long-term direction: Sideways Immediate Support at 800, followed by 775 Immediate Resistance at 890   Previous chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on June 5th, 2022.   Fundamental Analysis of 39 Singapore REITs Th

My investments into Keppel DC REIT have been a horrendous experience thus far. I am currently looking at an unrealised loss of <12.79%> after the recent deep dive in market valuation. The other pure Data Centre REIT- Digital Core REIT ("DCREIT")- fares no better at its current poignant valuation of US$0.76 per unit as at 4 July 2022 and depending on your timing of purchase, one could be starring at as much as a whopping <36.7%> plunge in valuation if you have purchased it on 17 Jan 2022 at US$1.20 per unit. If you have subscribed for DCREIT during its maiden IPO and is successful in your allotment at US$0.88 per unit, then you will still be staring at a loss of <13.6%>. Given the terrible performance and worsening market sentiment, is it the time to throw in the towe

The astounding news that the 5th largest tenant of Digital Core REIT ("DCR") has filed for bankruptcy protection in the US sent out shockwaves to many investors out there who believed that Data Centre REITs are super resilient in earnings and with some proclaiming the nature of data centre REIT to be equivalent to government bonds. DCR's unit price which has been gravity defying since its IPO finally dropped below US$1 per unit to an intra-day low of US$0.95 per unit at one point, during market trading on the week of 22 April 2022. Keppel DC REIT itself is also not spared the bloodbath and in fact, its unit price suffered a worst fate than DCR and plummeted to a 52 week low of S$2.060 per unit. What ever happened to these data centres REITs once proudly proclaimed as precious jewels and in

10 June 2022 Money and Me: Are Hospitality REITs the clear way to play the reopening trade in Singapore? Michelle Martin finds out if there is reason for cautious optimism in the S-REIT space given last month’s data on the sector. We survey the possible winners with impressive Price/NAV ratios and discuss if Industrial REITs could be a contrarian bet in this conversation with Kenny Loh, REITs Specialist and Independent Financial Advisor. Timestamps 0:18 Intro 1:40 How is the Retail Sector doing? 2:22 Which REITs are looking like clear winners? 3:31 How will Rising Inflation Rates Impact REITs? How will different sectors be impacted differently? 5:45 Do you see any particularly attractive sectors? 7:12 Thoughts on Mapletree Investment Trust’s recent divestment of a Data Centre

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 853.56 to 820.69 (-3.85%) compared to last month’s update. FTSE REIT Index is currently trading within the 800-822 range. Support Lines: Blue Resistance Lines: Red Short-term direction: Sideways Medium-term direction: Sideways Long-term direction: Sideways Immediate Support at 800 Immediate Resistance at 822, followed by 890   Previous chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on May 1st, 2022.   Fundamental Analysis of 39 Singapore REITs The following is the compilation of 39 Singapore REITs with colour-coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. The Financial

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 864.41 to 853.56 (-1.25%) compared to last month’s update. The Singapore REIT index reached a high of 873 on April 5th, before falling into the 850-862 range since April 7th, staying in that range ever since. Support Lines: Blue Resistance Lines: Red Short-term direction: Sideways Medium-term direction: Sideways Long-term direction: Sideways Immediate Support at 850, followed by 807. Immediate Resistance at 862, followed by 890   Previous chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on April 3rd, 2022.   Fundamental Analysis of 40 Singapore REITs The following is the compilation of 40 Singapo

This article contains affiliate links. DollarsAndSense may receive a share of the revenue from your sign-ups that goes towards keeping the site sustainable. You can read our editorial policy for more information. Real Estate Investment Trusts (REITs) is a popular type of investment in Singapore. In fact, it is so popular that Singapore has grown to become the largest REIT market in Asia ex-Japan with a market capitalisation of $108 billion comprising 42 REITs and Property Trusts. While there are many REITs with both local and overseas property portfolio, many REITs with purely overseas properties have also chosen to list on the Singapore Exchange (SGX). Investors in Singapore are mainly drawn to REIT investments for two reasons. #1 REITs Are Essentially Property Investments. Singapore

11 April 2022 Money and Me: Can S-REITs maintain its upswing from Q1? Singapore REITs are poised to benefit from positive momentum as Singapore eases pandemic restrictions and border measures. But can they maintain the upswing? Michelle Martin gets an analysis from Kenny Loh, REIT Specialist and Independent Financial Advisor.   Timestamps 0:20 Intro 1:28 Outlook on Office S-REITs with more returning to the office 4:49 Hospitality REITs were the strongest performers in the past month. What are the contributing factors? 7:00 6 REITs dropped in March, which are they and why? Lendlease REIT Rights Issue and EC World REIT debt refinancing 9:04 Is the S-REIT market at fair value? Why is the S-REIT market still attractive 11:20 If geopolitical tensions ease (Real Estate as a safe haven), will

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 827.88 to 864.41 (4.41%) compared to the last month update. The Singapore REIT index rebounded off from the support level at 807 3 times, broke the 836 resistance turned support level and is now trading between the 836-890 range. Support Lines: Blue Resistance Lines: Red Short-term direction: Upwards Medium-term direction: Sideways Long-term direction: Sideways Immediate Support at 836, followed by 807. Immediate Resistance at 890. The REIT Index traded between 807 and 836 for much of March, before breaking the 836 resistance on March 17. It has entered a short-term uptrend since then, reaching 864.41 as of now. Previous chart on FTSE ST REIT index can be f

14 March 2022 Money and Me: The case for being bullish on S-REITs amid the Ukraine crisis S-Reits have barely registered a blip in response to the Ukraine crisis says Kenny Loh, REIT Specialist and Independent Financial Advisor. He tells Michelle Martin why he is still bullish on S-REITS in an environment of hyperinflation and geopolitical uncertainty. Timestamps 0:00 Intro 2:06 How are S-REITs performing during market volatility due to the Russian invasion 3:34 Are S-REITs resilient as an asset class? 6:28 Other reasons why even due to geopolitcal volatility S-REITs are still good to invest in 8:31 Do you think it will be a good time to invest in S-REITs after the conflict? 11:30 March 2020 is the best time to buy S-REITs. Why now is also a good time to buy 12:21 The Hidden Bull: When wi

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 816.11 to 827.88 (1.44%) compared to the last month update. The Singapore REIT index rebounded off 800 in January 2022 and has stayed within the 800-836 range. Short-term direction: Sideways Medium-term direction: Sideways Long-term direction: Sideways Immediate Support at 800, followed by 775. Immediate Resistance at 836. Following the correction from 800, the REIT Index went on a short-term uptrend until the Russian Invasion of Ukraine, when the REIT Index hit the support level of 807 on both February 24th and 28th. In the past 2 months, it has challenged the resistance of 836 a total of 3 times. It is now at 827.88.       Previous chart on FTSE ST REIT