The year 2020 was full of surprises. COVID-19 was one of them. It is depressing to describe the ordeal that many of us went through over the past year but the pandemic has fundamentally changed the way we live. Most of us are still working from home by default which makes office assets look redundant. Tourists are a rare sight nowadays as most international flights are still grounded and hotels are struggling to fill their rooms. City malls are also scrambling to bring shopper traffic back as they used to depend on office workers and tourists for footfall in the past. On the other hand, industrial properties like logistics and data centre assets have performed really well in the post-pandemic world. More people are shopping online and it has naturally led to increased demand for war

1. SPH Reit  --  13th Jan 2021  (Business Update)2. First Reit  --  14th Jan 20213. CICT  --  21st Jan 20214. Frasers Cpt Trust  --  21st Jan 2021  (Business Update)5. SGX  --  22nd Jan 20216. Kep Reit  --  25th Jan 20217. Mapletreelog Trust  --  25th Jan 20218. Parkway Life Reit  --  25th Jan 20219. Kep DC Reit  --  26th Jan 202110. Suntec Reit  --  26th Jan 202111. Kep Pac Oak US Reit  --  27th Jan 202112. Kep Infra Trust  --  27th Jan 202113. Ascott Reit  --  27th Jan 202114. MapletreeCom Trust  --  27th Jan 2021  (Business Update)15. Kep Corp  --  28th Jan 202116. Starhill Global Reit  --  28th Jan 202117. MNACT&n

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

Institutional investors are typically large investors, such as fund management companies, pensions, insurance companies or other non-retail entities, that invest on behalf of others. The investments that they make a sometimes referred to as “smart money” – perhaps because they have the knowledge and expertise to make well-thought investment decisions compared to retail investors. In our 4 Stocks This Week, we look at 4 stocks which received the most “smart money” in December 2020, and analyse how they’ve subsequently performed in December 2020 to the first half of January 2021. Read Also: 4 Best Performing ETFs In 2020 [8 Jan 2021] Xtrackers MSCI China UCITS ETF (SGX: LG9/TID); United SSE 50 China ETF (SGX: JK8); SPDR Gold Shares (SGX: O87); Lyxor MSCI Asia Pacific Ex Japan UCI

1.  SPH REIT  --  6th Oct 20202. SPH  --  13th Oct 20203. Keppel REIT  --  19th Oct 2020  (Business Update)4. Mapletreelog Trust  --  19th Oct 20205. Keppel DC Reit  --  20th Oct 2020  (Business Update)6. Keppel Pac Oak US REIT  --  21st Oct 2020  (Business Update)7. Keppel Infra Trust  --  21st Oct 2020  (Business Update)8. CapitaCom Trust  --  21st Oct 20209. MapletreeCom Trust  --  22nd Oct 2020 10. CapitaMall Trust  --  22nd Oct 202011. Ascendas Reit  --  26th Oct 2020  (Business Update)12. MapletreeInd Trust  --  27th Oct 202013. Starhill Global REIT  --  28th Oct 2020  (Business Update)14. Kep Corp  --  29t

1. SIA Engg  --  17th Jul 2020  (Business Update)2. Semb Corp  --  17th Jul 20203. Kep REIT  --  20th Jul 20204. Mapletreelog Trust  --  20th Jul 20205. Kep DC REIT  --  21st Jul 20206. MapletreeInd Trust  --  21st Jul 20207. CapitaMall Trust  --  22nd Jul 20208. Kep Infra Trust  --  22nd Jul 20209. Kep Pac Oak US REIT  --  22nd Jul 202010. First REIT  --  22nd Jul 202011. CapitaCom Trust  --  23rd Jul 202012. Ascendas Reit  --  23rd Jul 202013. Suntec REIT  --  23rd Jul 202014. Frasers Cpt Trust  --  23rd Jul 2020  (Business Update)15. MapletreeCom Trust  --  23rd Jul 2020  (Business Update)16. Mapletree NACT  --  27

The hospitality industry in Singapore has been among the hardest hit industries due to travel curbs imposed in view of COVID-19. Singapore hospitality REITs have seen their share prices crash by 40-50% between the start of year and April, and their share price recovery since then has also been tepid. However, in a post-pandemic world where normalcy eventually returns, we can possibly expect hospitality REITs to recover as pent-up demand for travel and leisure return. But how do we go about analyzing the hospitality REIT sector? In this article, I will share four areas you need to analyse before you invest in Singapore hospitality REITs. 1. Operational performance The performance of hotels can be measured with the following three key indicators: ADR Total paid room reven

Apart from just manoeuvring an economic downturn in 2020, everyone is also combating a very real health threat. The combination of this has also led to major disruptions in the way we live, work and play, accelerating economic trends that should have been years in the making. Along with this, the properties – including REITs – that enable us to live, work and play have all been impacted. In the short term, volatility may spark sharp rises and dips in market prices, in the longer-term, some types of properties may become less relevant entirely. In our REITs Report Card, which we publish each quarter, we look at how S-REITs have performed as a whole and individually. How Have Singapore REITs Fared In The YTD 2020? The iEdge S-REIT Index is a free-float market capitalisation weighted inde

Updated: 9 Jul 2020After receiving further information on Master Lease from ART investor relations team, I have updated the top tenant contribution.Below is the information from the investor relations team:"Of the 35 properties under master leases, 22 are with our Sponsor, The Ascott Limited, and the remaining 13 are with third parties. The third parties include franchisees of Quest Apartment Hotels, Sotetsu Hotels Group, a wholly-owned hotel business group of Japanese conglomerate Sotetsu Holdings, Inc., and Singapore’s Park Hotel Group, one of Asia’s leading hospitality groups."Basic Profile & Key Statistics Ascott Residence Trust (ART) has recently merged with Ascendas Hospitality Trust (AHT), this merger is completed in January 2020. ART is currently the largest Singapore

In previous post, I did calculations for DPU downfall for SREITs with more than 5% income support in their distribution. For this post, we will look at another aspect in which SREITs use its capital distribution to boost their DPU. I will only focus on SREITs with more than 5% capital distribution from disposal in their distribution.Before we start, we will need to set the definition right. There are quite a numbers of SREITs that used the phrase "capital distribution" in their Distribution Statement and this misled a lot of people to think that such dividend is from their cash holding. In fact, most "capital distribution" are refer to distributable income from oversea properties. In tax perspective, income from oversea properties is considered as "capital distribution". Of course, distrib

For those who have been braved enough to invest into the Reits counters during the March correction, most would have been at least 20% gain on paper by now. Not all the Reits are the same though, I classified them into 3 categories; the Leaders, Late Blommer and the catching up.Today, I want to talk about the Late Blommer and they are still under their NAV. Over the last week, a few of these Reits counters made a breakout from their Norm.Below are the 5 Reits which have broken the resistance and breakout.No.1 Ascott TrustNo.2 CapitaComm TrustNo.3 Frasers CptNo.4 Suntec ReitsNo.5 ??? - CDL HTrustThis counter had made a weak breakout, I will be adding on this coming week and will share more in later updates.updated 02June

During the COVID-19 pandemic, one of the worst-hit sectors will be the hospitality sector. Extract from the article below: “The hospitality industry here has been among the worst and most immediately hit by the virus situation, with a sharp dip … Continue reading →

In the past 2 months, investors have been selling off Hospitality Trusts (HTs) listed on SGX due to travel restrictions imposed by governments around the world to stem the spread of COVID-19. There are 6 HTs listed on SGX, namely:ARA US HTAscott Residence TrustCDL HTEagle HTFar East HTFrasers HTWhile all hotels will suffer revenue decline due to the travel restrictions, not all HTs will be impacted by the same extent. One important factor affecting the impact on HTs is their operating models. Traditionally, hotels have been owned and operated by the same party, but there are increasingly more investors who wish to invest in hotels but might not have the expertise or time to manage them. Thus, hotels might be owned by one party but operated by another, with revenue-sharing agreements betwee

Based on 4Q 2019 Result. Click to Enlarge* Ascendas India Trust and Dasin Retail Trust are Business Trusts.The above table is extracted from spreadsheet in SREITs Data page.Dividend Yield:YieldAverageMedianLowestHighestHealthcare8.10%8.10%4.34%11.86%Retail9.16%8.32%5.48%18.13%Office8.18%7.55%4.97%12.02%Hospitality17.49%11.35%9.4%42.71%Industrial8.37%7.66%3.54%13.4%Logistics9.52%10.43%5.07%12.14%* Based on REIT Major SectorFinancial Metrics:Financial MetricsUnitAverageMedianLowestHighestPrice/ NAVtime0.790.710.151.91Market Cap, BS$2.00B0.96B0.17B10.04BProperty Yield (Annualized)%5.895.843.399.30Distribution on Management Feestime8.378.343.9719.02Distribution on Capital (Annualized)%4.114.091.605.64Distribution Margin%52.3554.9821.1771.32* SREITs in Foreign Currencies converted to

Time really flies! Before I realize it, it's the end of the year 2019! I never have imagined that life after I started working part-time could be so packed with things to do. I am feeling that I am even busier than before. Okay, I am busy with things that I enjoy but do not make money.The market has closed for the year 2019. STI gained 178 points, or 5.85% in this year, despite all the political uncertainties in HK and Korea, US-Sino trade war, natural disasters.... etc. I have been very passive in stock investment this year. The only activities were subscribing to rights issues and opting for scrip dividends. Despite my passive stance, my stock portfolio value grew 8% compared with last year, which I am quite happy with.I received a total of S$198,000 in dividend, from shares (42%), UT(21