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
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?
I am grateful to receive several notes of encouragement from fellow bloggers after my "depressed" post yesterday. I believe they are in the same situation as me and yet they took the efforts to pen down a line or two to me. Some reminded me of previous events like the dot-com bubble burst, GFC but not … Continue reading Q1’19 Dividends is just round the corner
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
The Q4 earnings season reporting and dividend distribution will kick off tomorrow with SPH Reit taking the lead. I don't expect any surprise. The loss of income support to Clementi Mall may have some impact but it should be cushioned by the new earning stream from Railway Mall. Paragon should be ok. I expect the … Continue reading SPH Reit – First to Go
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!
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
SPH Reit is almost always the first company on my watchlist to release its results every quarter. This time, it took on an additional significance as it is my single largest holding currently. Thus, I was very keen to know how it performed in the last quarter. I heaved a sign of relief when the … Continue reading GREAT “Business as usual” for SPH Reit
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
Contributed by Warriortan Starting from next week, Singapore listed companies will start to report their quarterly results. As usual, the first to go is SPH Reit (as they ended their financial quarter in Feb). Among with it are companies like SPH and Soilbuild Business Space Reit. In this week's blog, I will share my learning, … Continue reading Positioning for SPH Reit