Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 826.65 to 859.68 (+3.99%) compared to last month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post Singapore REIT Fundamental Comparison Table on Mar 4, 2021. Fundamental Analysis of 40 Singapore REITs The following is the compilation of 40 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. Note 2: This REI

1. Write off remaining estimated residual value for Eagle Hospitality Trust ("EHT")- S$20KI have done a full write off of S$20K of my remaining investment in EHT. Latest update from DBS Trustee is selling off of most of the hotel properties (15 out of 18 properties) via a "stalking horse" bid. The stalking horse bid is a technique use to reserve a minimum floor price during upcoming auction.  The opening bid is way below even the recent market valuation and stapled securities owners will not get anything back after paying off bankers and creditors at such a low price. Good news is that the 3 remaining hotels do not need to be sold off immediately under duress pricing as apparently, they can still be operational and not under chapter 11. Clearly, the only viable option was to appo

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Manulife Reit 100,000 US$0.70      93,000.00 26.0% Dividend 2. Lendlease Reit   85,000 S$0.79      67,150.00 19.0% Dividend 3. Starhill Reit   90,000 S$0.53      47,700.00 14.0% Dividend 4. Ascendas Reit   12,000 S$2.91      34,920.00 9.0% Dividend 5. Prime US Reit   30,100 US$0.80      32,000.00 9.0% Dividend 6. ISHAR

Prime US REIT IPO ("PREIT") debuted on SGX on 19 July 2019 at a price of USD0.88 per unit. PREIT is sponsored by KBS Asia Partners which is one of the largest US commercial real estate managers with USD 28.3 billion under their direct investment and management belt. At one point in time, its market price even hit USD 1.050 per unit in the early part of 2020. Unfortunately, we all know what happened next. The March'20 stock market crash came along due to COVID lockdowns almost everywhere. PREIT share price struggled to break the USD0.80 per unit resistance level until recently. This was surprising given that its earnings has remained resilient during the COVID pandemic due to its excellent property Grade A portfolio, long WALE and good quality tenants. 1. Evaluation of Operations and F

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

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on the market price Allocation % Category 1. Lendlease Reit   85,000 S$0.79      67,150.00 20.0% Dividend 2. Manulife Reit   60,000 US$0.72      58,000.00 17.0% Dividend 3. Starhill Reit   90,000 S$0.52      46,800.00 14.0% Dividend 4. Ascendas Reit   12,000 S$3.07      36,840.00 11.0% Dividend 5. Prime US Reit   30,100 US$0.81      32,260.00 10.0% Dividend 6.

Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 854.19 to 877.59 (+2.74%) compared to last month update. Currently the Singapore REIT index has started an uptrend after broke the resistance of about 852 and 874. As for now, Short term direction: Up trend. (All 20D, 50D and 200D SMA have started trending up) Immediate Support at 874 (Resistance turned Support) Immediate Resistance at 900, followed by 940. Previous chart on FTSE ST REIT index can be found in the last post Singapore REIT Fundamental Comparison Table on Dec 20, 2020. Fundamental Analysis of 40 Singapore REITs The following is the compilation of 40 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio.

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Lendlease Reit   85,000 S$0.79      67,150.00 14.0% Dividend 2. Manulife Reit   60,000 US$0.74      59,490.00 13.0% Dividend 3. Starhill Reit   90,000 S$0.52      46,800.00 12.0% Dividend 4. Jardine C&C     2,000 S$22.16      44,320.00 12.0% Recovery 5. Ascendas Reit   12,000 S$3.03      36,360.00 10.0% Dividend

2020 was an unprecedented year. Many of us never expect that the medical advancement of mankind would ever face another pandemic like the Spanish flu 100 years ago...   Well, time to do a final review on my portfolio's performace in 2020.Top 30 positions of my portfolio at end 2020:1. SGX2. ParkwayLife Reit3. UOB4. FCT5. Keppel DC Reit6. OCBC7. CICT8. Frasers L&C Tr9. SATS10. AIMS APAC Reit11. Keppel Corp12. Mapletree Com Tr13. Ascendas Reit14. CDL HTrust15. Suntec Reit16. SingTel17. SPH Reit18. Capitaland19. Keppel InfraTr20. Starhill Global Reit21. VICOM22. Bukit Sembawang23. Netlink NBN Tr24. Sembcorp Indust25. ST Engg26. SIA Engg27. ARA LOGOS Log Tr28. Cromwell Reit Euro29. Frasers Property30. AstreaIVB4.35%Total dividends collected in 2020: $15,399.93Average monthly

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Category 1. Jardine C&C     5,000 S$19.95      99,750.00 20.0% Recovery 2. Lendlease Reit   85,000 S$0.74      62,900.00 13.0% Dividend 3. Manulife Reit   60,000 US$0.74      59,490.00 12.0% Dividend 4. Comfortdelgro   30,000 S$1.71      51,300.00 11.0% Recovery 5. Starhill Reit   90,000 S$0.50      45,000.00 10.0% Dividend

Technical Analysis of FTSE ST REIT Index (FSTAS8670) TSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 835.40 to 854.51 (+2.28%) compared to last month update. REIT Index has rebounded c45% as of Sep 21 from the bottom on Mar 23, 2020. Currently the REIT index is currently trading on sideway consolidation, sandwiched between a very tight range between 817 support and 854 resistance. There is a Bollinger Band Squeeze with very tight range and low volatility on FTSE ST REIT Index. The index can start big move in either direction. There is a Golden Cross of 20D SMA above 200D SMA and the REIT index has moved above all the 3 moving averages. As for now, Short term direction: Sideway and up (if REIT index can stay above all the 3 moving av

Basic Profile & Key StatisticsPrime US REIT (Prime) invests in office properties in US across 9 states.Lease ProfileOccupancy is healthy at 93%. WALE is long at 4.8 years. From the latest presentation, 46.4% of the lease will be expiring in 2025 and beyond without breakdown, if we consider before 2025, then the highest lease expiry of 18.6% falls in the year 2023. All of its properties are freehold. Debt ProfileGearing is healthy at 33%.  Cost of debt is moderate at 2.6%. Fixed rate debt is high at 90%. All of its debt is secured debt. Interest cover ratio is high at 5.4 times. WADE is long at 4.6 years where the highest debt maturity of 33% falls in both 2023 and 2024, which is identical for both years.Diversification ProfilePrime is diversified in terms of geograp

So the long awaited black swan, in the form of the invisible coronavirus, has finally arrives... The event this year is unprecedented.  How could we ever imagine such things as cross-border travel and businesses would come to almost a complete halt? I have been through the Lehman brothers' crash, although my portfolio was very much smaller at that time.  My REIT counters accounted for almost half of my portfolio this time, and it is time to do a review on their performace so far.1. Industrial Reits Grade A: Keppel DC Reit, Ascendas Reit, Frasers L&C Tr.- Strong performance, still above my average price.Grade B: Aims APAC Reit. - In green territory, still above my cost price (with dividends collected).Grade C: Cromwell Reit, ARA LOGOS Log Tr.- In red territory, even