1. SPH Reit  --  10th Jul 20182. SPH  --  11th Jul 20183. Kep Reit  --  16th Jul 20184. Soilbuild REIT  --  16th Jul 20185. Kep DC Reit  --  17th Jul 20186. Kep Infra Trust  --  17th Jul 20187. Kep-KBS US Reit  --  17th Jul 20188. First Reit  --  17th Jul 20189. Kep T&T  --  18th Jul 201810. Capitaland Comm Trust  --  19th Jul 201811. Kep Corp  --  19th Jul 201812. SATS  --  19th Jul 201813. SIA Engg  --  19th Jul 201814. CapitaMall Trust  --  20th Jul 201815. Semb Mar  --  20th Jul 201816. Mapletreelog Trust  --  23rd Jul 201817. MapletreeInd Trust  --  24th Jul 201818. Ascott REIT  --  24th Jul 201819. Fras

Benjamin Graham, author of the “The Intelligent Investor” and mentor to legendary investor Warren Buffett, was a keen believer of investing in securities with a low price-to-book ratio. The price-to-book ratio or PB ratio is a comparison between how much one is paying for the security and its net asset value. In theory, buying a stock that trade at a discount to its book value is like buying a $1 coin for less than a dollar. Investors would be able to reap a return when the market realises the discrepancy and raises the share price to its fair value. This method of valuation is especially useful for real estate investment trusts (REITs) or companies with largely tangible assets on its books. With that, here are two REITs with steady distributions that are trading below their book value

Mapletree North Asia Commercial Trust (SGX: RW0U) recently released its earnings update for the April to June quarter. The trust, which changed its name from Mapletree Greater China Commercial Trust in May due to acquisitions of six properties in Japan, has a portfolio of nine assets in China and Japan. In addition to its recently acquired properties in Japan, the trust has three other assets, namely, Festival Walk (retail mall in Hong Kong), Gateway Plaza (office building in Beijing) and Sandhill Plaza (business park in Shanghai). Here are 12 highlights from its earnings update: 1. Gross revenue climbed 6.2% year-on-year to S$94.4 million. Net property income, likewise, increased 6.7% to S$76.8 million. NPI margin improved three basis points to 81.3%. 2. Distributable income rose 9.3% t

First published in Business Times on 1 August, 2018 By Mak Yuen Teen and Chew Yi Hong Last year, we launched the Governance Index for Trusts (GIFT), the first-ever published governance index in Singapore that is specifically developed for listed real estate investment trusts (Reits) and business trusts (BTs) in Singapore. GIFT assesses both governance and business risk factors. We assessed 43 trusts. This year, we covered 44 trusts, comprising six that are constituted as stapled securities (SS), nine pure business trusts and 33 Reits. We excluded four newly-listed trusts that have not yet published an annual report at the cut-off date. Some changes were made to the index, including the addition of a small number of new demerit criteria, and replacing volatility of returns with a criterion

SINGAPORE, 31 July 2018 – Keppel DC REIT has retained the top ranking for the second edition of the governance ranking specifically designed for Singapore-listed real estate investment trusts (REIT) and business trusts (BT), joined at the top by CapitaLand Commercial Trust which has moved up from number 8 in last year’s ranking. Two other trusts made significant gains to enter the top 5, with Mapletree Commercial Trust moving from 15 to 4 to joint third position with Mapletree Greater China Commercial Trust (since renamed to Mapletree North Asia Commercial Trust), which made the biggest leap from number 26. Just half a point separated the top 4 trusts, making this GIFT ranking very competitive. Meanwhile, Frasers Logistics & Industrial Trust, which is ranked for the first time,

On 25 May 2018, Mapletree Greater China Commercial Trust was renamed Mapletree North Asia Commercial Trust following the completion of the acquisition of six freehold office properties located in Japan. Mapletree North Asia Commercial Trust (MNACT) now owns nine retail and office properties located in Hong Kong, Beijing, Shanghai, Tokyo, Chiba, and Yokohama. As of 31 March 2018, its portfolio was valued at $6.3 billion. We’ve been to the REIT’s annual meetings previously in 2015, 2016, and 2017. This year, I wanted to know more about the management’s rationale in investing beyond Greater China into Japan, and to evaluate the REIT’s performance over the past year. Here are eight things I learned from the 2018 Mapletree North Asia Commercial Trust AGM: 1. Gross revenue grew 1.3% year

MNACT? What stock is that?In case you are still unaware, Mapletree Greater China Commercial Trust (MGCCT) recently changed their name to Mapletree North Asia Commercial Trust (MNACT), to reflect expansion of investment mandate to whole of North Asia.As one of my income stocks, I attended its AGM on 18 Jul to find out more about its past year performance and future growth strategies.Here are my three takeaways from the AGM.Choice of Private Placement over Rights Issue for Recent Fund RaisingOne unit holder asked the management why was there no rights issue during the recent fund raising that allows retail investors to participate in the growth.Chairman replied that the key reason is speed of raising funds. Rights issue process is much lengthier and requires way more parties' involvement and

The global stock market is growing concerned about the pace of rising interest rates on the stock market. In particular, the REIT share prices have been battered. Should you still be investing in REITs at this point in time? According to DBS, the answer is a resounding yes. DBS thinks that there are four REITs you should own even as the Fed raises interest rate. Investors Takeaway: 4 REITs You Should Own Even As Fed Raises Interest Rate Frasers Logistics & Industrial Trust Source: DBS Frasers Logistics & Industrial Trust has been making significant acquisitions in Germany and the Netherlands recently. The industrial properties are mainly modern logistics facilities located within major logistics clusters in Germany and the Netherlands, which cater to core distribution needs of b

There are around 40 real estate investment trusts (REITs) and stapled trusts in Singapore currently. As highlighted here, the REITs and six stapled trusts had an average distribution yield of 6.7%, as of 6 July 2018. The figure is an average, so some REITs will have an above-average yield while others will be below-average. A REIT’s distribution yield can be affected by a number of factors; one such factor is the sub-segment in which the REIT operates in. With that in mind, let’s look at the various sub-segments a REIT or stapled trust operate in, as categorised by the Global Industry Classification Standard (GICS). Retail This sub-segment holds real estate used for retail activities such as shopping centres, something that most investors would be familiar with. To know if a certai

Recent fears over interest rate hikes and challenges in the Singapore property market have lead to subdued returns for REITs over the last 12-month period. On average, the 40 REITs and stapled trusts listed in Singapore returned a measly 2.6%. That said, six of these trusts, even in the challenging environment and impending interest rate hikes, had total returns of more than 10%. Here are the top three performers in this sector. Keppel DC REIT (SGX:AJBU) is the first on the list with a 12-month return of 14.1%. Listed in 2014, it is the first pure play data centre REIT listed in Asia. Its portfolio currently consists of 15 data centres located in ten cities across eight countries in the Asia Pacific and Europe. This includes three in Australia, one in Germany, two in Ireland, one in Italy,

Real estate investment trusts (REITs) and stapled trusts are investment vehicles that invest in a portfolio of income-producing real estates. Besides its requirement to distribute at least 90% of distributable income, REITs also enjoy tax benefits that other property stocks do not. As such, unitholders enjoy stable and consistent distributions each year. Many of the REITs also offer distribution reinvestment schemes, allowing unitholders to easily reinvest their distributions. This has made REITs and stapled trusts one of the most popular investment vehicles in Singapore. The popularity of REITs and stapled trusts in Singapore has led more of them to choose to list here. There are now 34 REITs and six stapled trusts in Singapore, giving investors here a multitude of options. Here are five

Is Mapletree North Asia Commercial Trust Worth Investing In? Mapletree Greater China Commercial Trust has a yield of close to 7%, is it worth investing in? The post Is Mapletree North Asia Commercial Trust Worth Investing In? appeared first on Value Invest Asia.

REITs have traditionally been a mainstay in Singaporeans’ investment portfolio. However, with interest rates now rising, interest in REITs seem to have waned. However, DBS thinks that there are four good reasons why you should be investing in REITs at this point in time. S-REITs Aren’t Bonds, So Stop Pricing Them As One Investors and the market have been taking a cautious stance towards REITs due to rising interest rates and expensive valuations over the last five years. However, DBS opines that both investors and the market have been misreading drivers of REIT prices. After all, REITs are not straight out bonds and the impact of rising interest rates is mitigated by an expected upturn in rent rates. DBS notes that investors are incorrectly perceiving S-REITs as a straight forward bond

Singaporeans’ fascination for property investments stem from its meteoric rise since our island nation gained independence. Even in a more developed property market we live in today, en-bloc sales continue to fuel renewed frenzies in properties. Even on the back numerous property cooling measures enforced to reduce speculation in residential properties, sky-high prices mean that property investments remain out of reach for ordinary Singaporeans. This is where real estate investment trusts (REITs) play their part – allowing ordinary investors to access property investments in Singapore and other major property markets by pooling our monies to invest in a diversified portfolio of properties.   Find Out More What Are REITs? 7 Types Of REITs Listed In Singapore How To Start Investing

There are many ways to find investment ideas. Some useful methods are to screen for stocks or to look at a list of stocks near their 52-week lows to sieve out potential bargains. Studying what institutional investors have been buying or selling is another avenue. Institutional investors are typically large investment organisations, such as hedge funds, mutual funds, unit trust companies, sovereign wealth funds, insurance companies and so on. These investors tend to possess vastly greater resources than individual investors like you and me when researching stocks. Hence, it may be useful to keep a close eye on what they are doing, as a way to generate ideas. In this article, I will look at three Singapore stocks that were in the list of the top 10 stocks that have seen the highest net sales

In a low-interest environment, REITs are a particularly attractive investment due to their relatively predictable earnings power. In this article, I will look at two REITs that have lived up to their investors’ expectations by delivering positive performance in their latest earnings. Mapletree Logistics Trust (SGX: M44U), or MLT, is one of those REITs that has delivered commendable results recently. As a quick introduction, MLT owns 124 logistics properties around Asia-Pacific region that includes Singapore, Hong Kong, Japan, South Korea, Australia and others. In the fourth quarter, revenue grew 11% year-on-year to S$107.5 million while net property income increased 14% to S$91.3 million. Distribution per unit (DPU) was up by 4.1% as compared to the same period last year. The 4.1% year-

“Never put all your eggs in one basket”. An age-old advice that we often hear. However, for companies, should we also look for businesses with diversified asset base? Actually, more often than not, companies diversify due to growth-driven purposes. For investors though, it also helps to reduce the geographic risks we are exposed to. Here are 3 companies driving growth through overseas expansion. Mapletree Greater China Commercial Trust (MGCCT) Mapletree Greater China Commercial Trust (MGCCT) has revealed its FY18 results which were largely in-line with analysts’ expectations. Gross revenue fell by 5.5 percent year on year to $89.6 million, with the drop largely due to “reversal in Value Added Tax payable for Gateway Plaza” and weaker exchange rate of Hong Kong Dollar agains

In late April, Mapletree Greater China Commercial Trust (SGX: RW0U) released its fourth quarter and full year earnings update for its fiscal year ended 31 March 2018 (FY17/18). As a quick introduction, Mapletree Greater China Commercial Trust invests primarily in properties located in China and Hong Kong. It currently has three properties in its portfolio namely, Festival Walk, Gateway Plaza, and Sandhill Plaza. The Manager of Mapletree Greater China Commercial Trust had given a presentation on the REIT’s latest results. In the presentation deck, I saw four slides on the REIT’s business that I think investors should pay attention to. The first slide shows a high-level summary of the REIT’s income statement for FY17/18: Source: Mapletree Greater China Commercial Trust FY17/18 fourth