SPH Reit DPU Steady as a Rock but Risk has also increased

The headline of SPH REIT's press release last Friday read "SPH Reit 2Q 2019 Distribution Income 2.5% Higher Year-on-Year". However, looking into the numbers, the cash distribution available was only up 1.0% and the DPU increase was even smaller at +0.4%. This is despite SPH Reit increasing the "cash payout ratio" from 96.8% last year … Continue reading SPH Reit DPU Steady as a Rock but Risk has also increased

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SPH Reit: Is Declining Occupancy starting to Bite?

The headlines from their latest Media Release last week screamed “SPH REIT delivered steady distribution. 1Q 2019 DPU held steady at 1.34 cents. Figtree Grove Shopping Centre – yield-accretive acquisition in New South Wales, Australia”. As an income investor, I am naturally happy. But is everything so rosy for SPH Reit? I somehow didn’t feel … Continue reading SPH Reit: Is Declining Occupancy starting to Bite?

SPH Reit’s Dividend, the only silver lining in a bloody day

What a bloody day at the local and regional markets! Everything seems to be in the red though we saw some rebound close to end of the day. So, what did you do on this bloodshed day? I sold and bought .... LOL. Sold my M1 and bought DBS when it dropped 3%.Been eyeing it … Continue reading SPH Reit’s Dividend, the only silver lining in a bloody day

CapitaLand Retail China, my latest target!

Capitaland Retail China (CRC) at the current price is now my latest target. This conclusion is based on my evaluation of the current yield of selected Reits relative to the last 3-5 years historical yield performance. See chart below. In my "similar" post last month, I mentioned I was attracted to Starhill Global Reit (SGR) at 66.5 … Continue reading CapitaLand Retail China, my latest target!

Alternate REITs Buy Trigger = Reversion to Mean Dividend Yield

First, I like to wish all my Chinese readers a very Happy New Year, 祝你 恭喜发财, 万事如意,  身体健康! A week has passed since the shocking week and guess what, the US stock markets have turned around and now marched steadily and confidently forward despite the 10 years Treasury yield rising to recent record levels which was the … Continue reading Alternate REITs Buy Trigger = Reversion to Mean Dividend Yield

My 5 Biggest Stock Exposures by Value – Q2’17 Update

In mid March this year, the following companies were my five biggest exposures by value. Their respective weightage in my portfolio is also given below: As @ 18/3/2017 Soilbuild Reit 5.2% Ascendas Reit 4.2% Ascott Reits 4.0% Frasers Com Trust 3.6% SPH Reit 3.5% I believe the first thing that strikes you from this table … Continue reading My 5 Biggest Stock Exposures by Value – Q2’17 Update