Aug 13, 2021 · Up to 1.078 billion existing common shares in MREIT will be sold by the REIT sponsor, tycoon Andrew Tan-led Megaworld Corp., with an overallotment …
Jun 04, 2021 · Singapore Developer’s REIT IPO Includes HSBC London Tower By . Elffie Chew. and . Ishika Mookerjee. June 3, 2021, 9:50 PM EDT City Developments’ REIT seeks to raise about $705 million
Jul 13, 2019 · The closest equivalent REIT in Singapore will be Manulife REIT. Prime REIT holds 11 assets across US, with a total asset valuation at IPO of 1.2 billion USD. I’ve set out the location of the assets below, and it’s pretty well diversified.Estimated Reading Time: 9 mins
Feb 23, 2021 · If John invested in Mapletree Logistics Trust from its IPO, $1,000 would’ve grown to $2,870 (+187% in capital gains) as at 15 February 2021.
Feb 19, 2020 · Top 10 Singapore REITs That Made You Money If You Invested From Their IPOs (Updated 2020) The Fifth Person. 19 Feb 2020. In 2019, Singapore welcomed four new REIT listings: ARA US Hospitality Trust. Eagle Hospitality. LendLease Global Commercial REIT, and. Prime US REIT. Source: @YONGYICHUAAA.Estimated Reading Time: 6 mins
into a global REIT hub today, with active international investor participation and foreign asset listings.” Singapore’s position as a global REIT hub was cemented in 2019, with 44% of REIT IPOs worldwide debuting on the SGX – surpassing the largest REIT markets of US, Australia & Japan. The Lion City now
Feb 18, 2020 · Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020) Last year, Singapore welcomed four new REIT listings: ARA US Hospitality Trust, Eagle Hospitality, LendLease Global Commercial REIT, and Prime US REIT. Among them, Eagle Hospitality probably got the most attention, albeit for the wrong reasons.
Jan 29, 2020 · The Singapore real estate investment trust (REIT) market could see a new kid on its block. Elite Commercial REIT filed its final prospectus on 28 January, and it’s poised to become the first REIT initial public offering (IPO) in 2020.Balloting of applications for IPO: 5 February 2020
All in all, his annualised return from MLT alone is 9. And with Mapletree Logistics Trust balancing between new acquisitions and managing a strong financial position, this could serve a further tailwind for Mapletree Logistics shares. Once the deadline has passed, Dividend Machines will only reopen in Owning good, Singapore REITs is a good inflation defence since property prices and rental income grows along with the economy. You see, if anyone decides to leave the properties, Ascendas can easily find another tenant without worrying about a drop in rental income. These spaces are called data centres. Like our Facebook Page and join the Facebook Group to continue the discussion! But for many business travellers, they turn to the more luxurious, medium to longer stay places. A small slip in the USD would completely wipe out any gains…. But in the longer term, anything from onwards, I think there eventually comes a time when global central banks run out of tools to stimulate the global economy. I could probably consider making another assumption where John subscribes to rights ignoring excess rights and measure his overall performance. And these malls are in areas where there are limited or no big competing shopping malls around. And the longer he holds onto his REITs, the more dividends he will receive. That allows them to borrow more money to grow their property portfolio. When you want to stream a video, post pictures online, or even upload your office documents, you need a physical space to store all these virtual data. Tenant sales and foot traffic continued to improve. And has spent over 10, hours researching, analyzing and recommending investment ideas. Select Your Region. Share this post. Financial Horse Galloping to Greener Pastures. This means, in the long run, Frasers Centrepoint gets to enjoy heartland dominance. Hi, Thanks for the analysis. Some of his clients include asset managers and family offices. It was then the largest property buyout at the height of a property bubble. This is because its high-grade office properties tend to be defensive in nature. Which means, the country has more old people than young ones who can reasonably support the country in the future. Even if the repairs are carried out, it would cost a bomb and the amount would balloon to as high as twice the amount of its asset value. This creates share price stability. I first wrote about the performance of S-REITs four year ago and this time around, I will update their results by taking into account their latest share prices as at 31 January and dividends paid to unitholders up to then. Your email address will not be published. You have entered an incorrect email address! This impacted hiring and business optimism, with the latter at a series-record low. Mapletree Industrial Trust knows the growth potential of data centres. And they can keep buying as many properties as they like, just by borrowing over and over again. Even during the Covid pandemic. And the longer he holds, the more dividends he is going to receive. In all, his annualised return from CCT is 7. Thanks for the analysis! Jumabhoy had a love for these equestrian sports. This saves you the pain of actually running the properties yourselves. Rusmin Ang February 23, 2 5 minute read. At This is one of the best ways to invest for retirement. Willie has a deep passion for helping everyday investors take control of their financial future. Save my name, email, and website in this browser for the next time I comment.
Having had the chance to go through the prospectus , I kinda still agree with my original assessment. Prime REIT has been covered quite extensively by some of the other bloggers out there see here and here , so you can check those articles out for a brief introduction. With small REITs like this, the only way to drive future growth is by doing equity fund raisings because the amount of debt they can borrow is limited. But the fact remains that because the sponsor is so aggressive about growth, if you buy into this REIT you should probably expect to have to cough up cash down the road for more equity offerings when they do an acquisition. I really like this touch — I always like it when the sponsor is prepared to put money where their mouth is and take up a bigger stake in the REIT. I really like this chart that shows you which stage the sponsor thinks the property cycle is at for each of the cities that Prime REIT is in. Another thing that is great about office assets, is that they are always locked in for long term leases. Unlike hospitality REITs where customers basically stay for a couple of nights creating hugely cyclical revenue streams in a downturn , office REITs usually sign long term 3 to 5 year leases. This gives the REIT a lot of clarity upfront as to the future cashflow from rentals, because the leases are already locked in, and the tenant is bound to such rates unless there is a big downturn resulting in a default or tenants negotiating lower rates. Long story short, when they forecast a 7. Of course, whether they can actually lock in the higher rents will depend on how strong the property market is at the time. Manulife REIT is trading at a 1. IPO day trading volume 9. The analogy I like to use is that stock picking is like picking the right boat, while the macro outlook is like the weather. Even if you get the stock pick right ie. Economic slowdown. Because of the good job and inflation numbers, a 0. Based on historical precedence, each time the Fed embarks on an insurance rate cut, they typically cut about 75bps, which means 3 rate cuts in total, which coincidentally is exactly what the Fed Funds future market is predicting. Recent global PMI data has been horrible as well. From the bank:. At The PMI surveys signalled that output stopped growing, as inflows of new business shrank at the fastest pace since September This impacted hiring and business optimism, with the latter at a series-record low. Conditions will need to stage a marked recovery if manufacturing is to revive later in the year. One last interesting point that just popped up today is Anheuser Busch cancelling what was about to be the largest IPO or the year, citing poor investor demand. I think over the next 1 to 2 quarters the rate cuts may be sufficient to support global asset prices. But in the longer term, anything from onwards, I think there eventually comes a time when global central banks run out of tools to stimulate the global economy. Because if you do a 75 bps cut now and bring US rates to 1. So in a way, these rate cuts are merely delaying the inevitable downturn that will eventually need to come, and that downturn can probably only be addressed by fiscal policy from government Modern Monetary Policy if you like. What does this mean for the average investor? I see these movements as being short term bullish, but mid term bearish. In the immediate term, there may not be a recession due to central bank policy. But in the mid term out , all this does is deplete central bank ammunition for the next recession. I also like the well diversified portfolio, the above market yields compared to Manulife , and the potential for positive rental reversions. I would much rather wait to see the post-IPO price performance before deciding whether to buy. Objectively speaking, this is still a very decent REIT, and I would fully understand why investors out there subscribe for it. Which is why it gets a 3 Horse rating. Are you subscribing for this IPO? Share your thoughts in the comments section below! I respond personally to all comments! Enjoyed this article? Do consider supporting the site as a Patron and receive exclusive content. Big shoutout to all Patrons for their generous support, and for helping to keep this site going! Like our Facebook Page and join the Facebook Group to continue the discussion! Do also join our private Telegram Group for a friendly chat on any investing related! U mentioned about US reit, unitholders are not suppose to hold more than 9. Just curious, does this applies to custodians? I believe a bank who is a custodian might ends up holding more than 9. Thanks for the analysis! Wondering if you have any thoughts on the exchange rate risk, since this is an issue unique to USD-priced equities. A small slip in the USD would completely wipe out any gains…. Save my name, email, and website in this browser for the next time I comment.
It owns and manages 11 office buildings across Singapore, Australia and Korea. I really like this touch — I always like it when the sponsor is prepared to put money where their mouth is and take up a bigger stake in the REIT. Like our Facebook Page and join the Facebook Group to continue the discussion! I think this is true and most people on the street should follow this sound advice. I first wrote about the long-term performance of S-REITs five years ago and, this time around, we will revisit their performance by taking into account the latest share prices as at 15 February and dividends paid out to unitholders up to same period. Such a return is certainly many times higher than what the bank can offer us with their low interest rates today. It was those rare times when you saw Orchard Road turned into a ghost town. It owns 87 Singapore properties and over 20 US properties. Leave a Reply Cancel reply Your email address will not be published. This is what makes Keppel DC maintain a very high interest coverage ratio of 13x. This gives Keppel DC more room to adjust for higher rents to capture the growing demands for data centres. With small REITs like this, the only way to drive future growth is by doing equity fund raisings because the amount of debt they can borrow is limited. Share your thoughts in the comments section below! Ltd does not act as a professional financial adviser, and nothing presented here is intended to constitute as specific investment advice. Especially when your items come from overseas. At the end of the day, John continues to receive regular quarterly dividends from his S-REITs in good times and in bad. My only regret is not buying more when they were cheap. Among them, Eagle Hospitality probably got the most attention, albeit for the wrong reasons. But I think you bring up a good point. But for many business travellers, they turn to the more luxurious, medium to longer stay places. It is only bad if you pick the wrong stock, but from a risk management point of view, it is always better to diversify across a few good REITs. Inflation is one of the biggest dangers a person saving for retirement faces. I think so too, especially if investors are courageous enough to add on to their positions in the good REITs during occasional corrections. Then count the number of periods for the REIT. What if take into the rights issues assuminng that John would subscribe all the rights issue, then what will the ranking look like? These are high-quality logistics properties used for distribution, warehousing and other logistics services. The Edge Singapore pointed out that the retired cruise ship might sink into disrepair due to poor maintenance. In fact, in my opinion, all of these are expected to grow at least double-digits over the next 10 years. Even with its huge growth, Keppel DC maintains a healthy financial position. Recent global PMI data has been horrible as well. Yes, that is correct based on my understanding of the rule. He believes that anyone, even with a regular job, can achieve more financial peace-of-mind by investing intelligently and safely for the long term. And they can keep buying as many properties as they like, just by borrowing over and over again. Hence I am expecting bigger demand for warehouses in the near future. More people are shopping online and it has naturally led to increased demand for warehouse and logistics space. And the man behind Ascott is a visionary. You see, Mapletree Logistics Trust is responsible for making sure the stuff you buy online gets safely delivered — daily-needs like packet food, drinks, detergents, toothbrush, electronic devices before it gets sent to your house. My advice would be to apply for excess rights when the opportunity arises. Big shoutout to all Patrons for their generous support, and for helping to keep this site going! What I like about this REIT is all of its 11 retail malls are found in the suburbs of Singapore — where it captures a large number of the local residential population. Most of us are still working from home by default which makes office assets look redundant. As a result, Mapletree Logistics Trust shares have soared as e-commerce takes shape over the past few years. In other words, Ascendas REIT wants companies — at the forefront of technology, biomedical science, banking and telecommunications — as their paying tenants. As you can see, REITs remain a great choice for anyone who wants to build a steady and consistent stream of passive income. Imagine the frequent couple arguments, carrying the baby while on zoom meetings, the kids screaming during school holidays. In its latest third quarter financial results, its gross revenues grew a massive Almost done!
But first, a story I like to share. People thought they were crazy. It was then the largest property buyout at the height of a property bubble. Yet the company profited massively from the investment. You see, timing in the market is important. And much of their success lies in picking good property investments. At its heart, a REIT is an asset class full of value. No matter what, investing in properties is one way to get rich. REITs borrow money, then use it to buy properties that pay them a higher interest rate, or property yield. And they can keep buying as many properties as they like, just by borrowing over and over again. But more importantly, CapitaLand Integrated Commercial Trust professionally takes care of all the properties for you — from finding new tenants, to collecting rent from tenants and property maintenance. This saves you the pain of actually running the properties yourselves. But they also are moving into data centres. More companies are moving into cloud computing. More people are using smartphone devices. Even homes are getting into the internet of things. When you want to stream a video, post pictures online, or even upload your office documents, you need a physical space to store all these virtual data. And fast. By moving into the business, science parks and data centres, Ascendas REIT captures the high-quality tenants of today — not just government agencies like DSO National Laboratories, the big Singapore banks, or telecommunication companies, but fast-growing technology companies that are generating immense amounts of cash flow. In other words, Ascendas REIT wants companies — at the forefront of technology, biomedical science, banking and telecommunications — as their paying tenants. Because no matter how big these tenants are in their fields, Ascendas does not need to rely on any of them to grow the business. You see, if anyone decides to leave the properties, Ascendas can easily find another tenant without worrying about a drop in rental income. Its total distribution to shareholders grew 9. Jumabhoy founded Scotts Holdings a property company in And used it to open The Ascott Singapore or Ascott two years later — the first world-class serviced residence in Asia Pacific at that time. And the eight largest hospitality REIT worldwide. This Singapore REIT runs more than 86 properties in 38 different cities and has over 16, residence units. Casual travelers like you and I might rely on online travel websites — Agoda, TripAdvisor and Expedia — to plan our holiday stay. Most of its properties are freehold leases. This is unlike many of our Singapore properties where a property sits on a land lease of up to 99 years. Industrial properties? Up to 60 years only. You see, when leases expire, Singapore REITs have to raise money to renew their year or year leases. And I find freehold lease a valuable asset. The other half is what I call a variable fee structure. This means, Ascott collects a small, fixed fee from its hotel tenants. But, in my opinion, its full potential gains will immediately see a strong rebound once the COVID pandemic ends. Today, its dividend yield is 2. That allows them to borrow more money to grow their property portfolio. Now, with vaccines underway and governments signalling herd immunity? I quickly cannot imagine companies will stop being global. I cannot quickly imagine companies will stop sending their staff across the world for business. And travellers, whether for work or leisure, will still need a comfortable, affordable place to stay in. Ascott REIT should continue to benefit. But what truly sets CICT apart from the rest is it can take an older building and turn it into something innovative and trendy. For instance, CICT took one of its quiet, consumer-electronics focused retail malls, and transformed it into one of the busiest social retail malls at downtown City Hall. This mall is called Funan Mall. If you ask me, this is the hidden value CICT provides for its retail malls. Walk down two streets from Funan Mall to Capitol Singapore, another integrated development with a struggling retail business.