Frasers Commercial Trust (SGX: ND8U), or FCT, is a REIT that focuses primarily in commercial properties. It has ownership stakes in seven commercial properties located in Singapore, Australia and the United Kingdom. Its portfolio includes China Square Central, 55 Market Street and Alexandra Technopark in Singapore. The REIT recently announced its second quarter results for the year ending 30 September 2018 (2Q FY18). Here, I will look at nine things that investors should know about its latest results. 1. Quarterly gross revenue declined 18% year-on-year to S$33.0 million while net property income reduced by 26.1% year-on-year to S$22.6 million. 2. Distribution per unit (DPU) for the quarter was down by 4.4% as compared to the same period last year to 2.4 Singapore cents. 3. Based on FCT�

Frasers Logistics & Industrial Trust (FLT) announced that it would be expanding to Europe via acquisition of a Special Purpose Vehicle that holds interest in 21 industrial properties located in Germany and the Netherlands.FLT is a Reit that holds 61 industrial and logistic properties in Australia worth about A$1.93 billion, concentrated in major cities of Sydney, Melbourne and Brisbane.It is part of the Frasers Property Group that also owns other Reits in retail, office and hospitality sector such as Frasers Centrepoint Trust and Frasers Commercial Trust and Frasers Hospitality Trust.Predominantly Freehold Prime Properties93% of the twenty one properties to be acquired are freehold. This means that investors need not worry about land use rights and properties value decay towards the en

DBS Research is fixing its eyes on Frasers Group given the many catalysts that are anticipated to drive up valuations. We take a look at the various listed companies under the group to see what’s making analysts excited about the prospects of the group based on the briefing held by Frasers Property(FP) on Frasers’ Day. Firstly, the group is looking into the expansion in Europe through acquiring properties in the continent. What makes Europe attractive is the freehold element for estates which means that the group can hold the asset for perpetuity unlike properties in Singapore which are mostly on a 99-year lease. This means that value of its properties will not be tied to a limited life-span, seeing sharp depreciation in the value of their assets. Furthermore, Europe is still maintaini

REITs with overseas assets has become increasingly popular and have proliferated on the SGX in recent years. These REITs span across all sub-sectors from classes from office, retail, industrial to even data centres. As an investor, what are the things to look out for before investing in REITs with overseas assets vs those that focus on Singapore only? We won’t mention REITs that have a mix of Singapore and overseas assets, such as Suntec REIT, because they are more difficult to analyze compared to those solely with foreign or Singapore assets. This difficulty arises because the local/foreign asset mix has a differing impact on performance, risk and returns. First up, let’s see which REITs have solely foreign assets and which only have Singapore assets. Singapore Foreign Office Ca

Dow dropped 700 points overnight and STI is following a similar fashion. Indicators are mostly red and down by some 2%. Looks like this is a year of wild swings in the market.Overall, market direction is still up.I had some time to tabulate my portfolio against sti. From jan 2016 (sti was around 3150) to now (sti now around 3430, STI has gained nearly 9%. Over a similar time, my portfolio has gained nearly 19%. Most of it is via dividend reinvesting and also rebalancing of portfolio occurs every 6 months or so, or unless a particular counter moves upwards so much that a sooner rebalancing is warranted.I believe my portfolio is rather defensive and resilient in nature. Previous large drops in sti resulted in corresponding drops of smaller magnitude.As I type this, STI closed down 71 points

Frasers Centrepoint Trust (SGX: J69U) was listed on the Singapore stock market in 2006. Its portfolio comprises of six suburban malls in Singapore. They are Causeway Point, Northpoint City North Wing (inclusive of Yishun 10 retail podium), Changi City Point, Bedok Point, Yew Tee Point and Anchorpoint. Frasers Centrepoint Trust also owns a 31.15% stake in Hektar Real Estate Investment Trust (H-REIT). H-REIT is a retail-focused REIT in Malaysia that has a portfolio of seven retail properties. Frasers Centrepoint Trust has had a stellar record in the past, increasing its distribution per unit (DPU) by a compounded annual growth rate of 6.2%, from 6.55 cents in 2007 to 11.9 cents in 2017. It also has a low gearing ratio of just 29.7%, offering the REIT debt headroom for growth. From the financ

Spike in the 10-year bond and fears over inflation have led to a sell-off among S-REITs in recent weeks. Some investors have raised concerns that this resembles the painful memories of 2013 where S-REITs plunged 22 percent. However, in DBS’s opinion, the recent sell-off is different and largely overdone. Instead, DBS recommends investors to continue keeping faith in S-REITs and invest in them at a discount. REIT Fundamentals Intact With Sector Growing Looking forward, DBS expects better economic growth and easing supply pressures to bring growth back to the S-REIT sector. The stronger property fundamentals are also supporting higher rentals and revenue per available room (RevPAR) and driving higher distribution growth rate. DBS’ REIT Strategy: Buy On Weakness Given DBS’s view that t

Frasers Logistics & Industrial Trust (FLT) (SGX: BUOU) was recently listed on the SGX on 20 June 2016. It is the first SGX-listed REIT that invests solely in industrial properties located in major cities in Australia. In this article, I’ll cover FLT’s development over a period of 20 months after its listing, the potential risks it faces, and discuss its plans towards the immediate future. Here are the 12 things you need to know about Frasers Logistics & Industrial Trust before you invest. Track record 1. FLT was listed with an initial portfolio of 51 properties worth A$1.58 billion. The average age of FLT’s portfolio is relatively young at 6.1 years. 90.2% of its portfolio are freehold assets or leasehold assets with long remaining tenures of at least 80 years. 96.5% of its p

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Comfortdelgro 85,000 2.00 170,000.00 27.0% 2. M1 75,000 1.80 135,000.00 21.0% 3. Fraser Logistic Trust 100,000 1.08 108,000.00 17.0% 4. Ho Bee Land 30,000 2.55 76,500.00 12.0% 5. Starhill Reit 100,000 0.73 73,000.00 11.0% 6. Vicom 8,000 6.05 48,400.00 8.0% 7. Tuan Sing 40,000 0.445 17,800.00 3.0% 8. Singtel 4,000 3.35 13,400.00 2.0% 9. Warchest - -   2,000.00 1.0% Total 644,100.00 100% I'm updating the portfolio rather earlier than usual during the month as I'll be heading off to my Taiwan trip next week and will spend quite a bit of time there and only be back towards

Real Estate Investment Trusts (REITs) are one of the most popular investment choices for investors in Singapore. This is because REITs give investors exposure to the property market, in Singapore and in diverse overseas markets, as well as offer relatively good returns. In 2017, the SGX S-REIT 20 Index, comprising 20 of the largest and most highly-traded REITs listed in Singapore, delivered a return of close to 27.1%. This strong showing has been followed up by relative weakness in the year-to-date 2018, delivering a return of negative 4.8%. Compared to the broad market, the Straits Times Index (STI) has delivered a slightly lower return of 18.1% in 2017, but continued to deliver a return of 4.3% in the year-to-date 2018. This month, majority of the REITs announced their FY2017 results. H

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 43 cents per share. 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 performance of Singapor

Sasseur Reit plans IPO of up to S$600m in March SASSEUR Group, a Shanghai-based developer and operator of outlet malls, which last year pushed back plans for a Reit listing here, has begun gauging investor interest again with plans to list Sasseur Reit in March. The initial public offering (IPO) could raise between S$500 million and S$600 million, and Sasseur Reit would have a market cap of S$1 billion upon its debut, according to a term sheet seen by The Business Times. Based on the latest indicative timeline, the IPO prospectus will be lodged on March 1, ahead of the listing on March 29. Industrial building goes up for tender on Feb 26 THE freehold Pei Fu Industrial Building in New Industrial Road is set to be launched for collective sale via tender later this month. The reserve price of

A new earnings season is underway. As is common with every earnings season, there will be some real estate investment trusts (REITs) posting growth, some REITs posting mixed numbers, and some REITs experiencing declines. So, which are the REITs that have recently reported growth? Let’s look at two of them: 1. In late January, Frasers Centrepoint Trust  (SGX: J69U) released its latest earnings update. It was for the first quarter of its fiscal year ending 30 September 2018 (FY2018) and the reporting period stretched from 1 October 2017 to 31 December 2017. As a quick introduction, Frasers Centrepoint Trust is a REIT that owns suburban retail malls in Singapore. Its portfolio comprises six malls, which are Causeway Point, Northpoint City North Wing (including the Yishun 10 Retail Podium)

Late last month, Frasers Centrepoint Trust (SGX: J69U) released its first quarter results for its fiscal year ending 30 September 2018 (FY2018). Frasers Centrepoint Trust is a real estate investment trust (REIT) that owns six suburban retail malls in Singapore. Its properties include Causeway Point, Northpoint City North Wing (including the Yishun 10 Retail Podium), and Changi City Point. The REIT also holds a 31.15% stake in Hektar Real Estate Investment Trust (KLSE: 5121.KL), a retail-focused REIT listed in Malaysia. The Manager of the Fraser Centrepoint Trust also provided a presentation on its latest results. I picked out three slides on the REIT’s business that I think investors should pay attention to. The first slide shows a high-level summary of Frasers Centrepoint Trust�

Frasers Centrepoint Trust acquired one-third stake in Waterway Point (??) Frasers Centrepoint Asset Management Ltd (Manager of Frasers Centrepoint Trust) this morning issued a clarification note regarding ‘a website posting’ at SGX StockFacts portal title “Frasers Centrepoint Trust (SGX:J69U) acquired one-third stake in Waterway Point from Frasers Centrepoint Limited (SGX:TQ5)” (link) The Manager wishes to […] The post SGX StockFacts – Stock Facts? appeared first on SGX Observer.

Last week, Frasers Centrepoint Trust (SGX: J69U) released its first quarter results for its fiscal year ending 30 September 2018 (FY2018). As a quick introduction, Frasers Centrepoint Trust is a REIT that owns six suburban retail malls in Singapore. Its properties include Causeway Point, Northpoint City North Wing (including the Yishun 10 Retail Podium), and Changi City Point. The REIT also holds a 31.15% stake in Hektar Real Estate Investment Trust (KLSE: 5121.KL), a retail-focused REIT listed in Malaysia. Here are 10 things investors should know about FCT’s latest results: 1. Gross revenue for the reporting quarter grew 8.7% year-on-year to S$47.91 million while net property income improved by 9.1% to S$34.51 million. 2. Similarly, the REIT’s distribution per unit (DPU) was up by

For the year to date until 22nd Jan, REITs have returned on average 2.6%. On an annualized basis, returns would be close to 50%. However, that large number is but of course due to the short term positive return. (adsbygoogle = window.adsbygoogle || []).push({});  Returns will likely be volatile over the next few months as the Fed signals their intention to return to a normalized interest rate level – impacting interest rate sensitive REITs. Those with higher gearing such as IREIT Global, Mapletree Greater China Commercial Trust, Soilbuild REIT and Viva Industrial Trust may be at risk due to higher interest burdens. The returns for the various sectors are as follows: Office: 2.8% Retail: 1.8% Industrial: 2.5% Hospitality: 4.2% Healthcare: 0.9% Data centre (only Keppel DC REI

Here are three things about the local stock market and investing in general that you might be interested in today. 1. The local stock market, as represented by the Straits Times Index (SGX: ^STI), is still chiong-ing up and hitting new highs last seen in end-2007. For the day, the index rose 17.16 points, or 0.48%, to 3,609.24 points. Among the 30 index constituents, 19 were in the green, with the biggest winner being Genting Singapore PLC (SGX: G13). Shares of the casino operator surged by 4.5% to S$1.39. Meanwhile, Sembcorp Industries Limited (SGX: U96) lost the most ground among the blue-chips as its shares tumbled 1.4% to S$3.47. Sembcorp’s peer, Keppel Corporation Limited (SGX: BN4), also featured in the losers’ camp; its stocks fell 0.7% to S$8.63. Five other index components we

REITs had a stellar performance in 2017. The REITs sector returned 21 percent year-on-year. Despite the strong performance in 2017, RHB believes that the sector still offers among the highest absolute yields compared to the global REITs sector. RHB notes that the strong economic pick-up should boost underlying demand and continue to support REITs. Focus On Growth Drivers With a strong pick-up in economic activities in Singapore, the underlying demand for REITs should also pick up. Thus, RHB recommends investors to focus on REITs that are likely to benefit from the economic pick-up and deliver growth. RHB also recommends REITs that have made accretive acquisitions that are expected to deliver inorganic growth from the uptick in demand. Hospitality REITs: On The Cusp Of Multi-Year Growth Sin

Yesterday, Frasers Centrepoint Trust (SGX: J69U) and Mapletree Industrial Trust (SGX: ME8U) announced their first-quarter and third-quarter earnings respectively. Meanwhile, Suntec Real Estate Investment Trust (SGX: T82U) released its full-year earnings this morning. Here are some quick highlights from the earnings announcements: Frasers Centrepoint Trust (FCT) a) Gross revenue for the first quarter ended 31 December 2017 rose 8.7% year-on-year to S$47.9 million. b) Net property income (NPI) grew from S$31.6 million last year to S$34.5 million in the latest quarter, which translates to a growth of 9.1%. c) The improvement in gross revenue and NPI were mainly due to revenue growth from Northpoint City North Wing, Causeway Point and Changi City Point. Asset enhancement initiatives at Nor