Dan | Income, Investing & Planning
Open in Telegram
Research-driven financial planning content - REITs, income investing, insurance, and retirement planning. Website: www.danconsultancy.com Enquiries: @daniellsx Daniel Lee Shao Xuan Certified Financial Planner (CFPĀ®)
Show more1 068
Subscribers
No data24 hours
-47 days
-730 days
Posts Archive
Here's a summary of the business update/earnings coverage for all the Singapore Listed REITs for the first half of 2024.
I'll be taking a temporary break from writing for the next month as I'm currently occupied with expanding my financial advisor license such that I can provide personalized financial advice on REITs by October 2024.
Over the last 18 months, I've completed my analysis on all the listed REITs in Singapore and have built both a database and a portfolio builder that will help investors like yourself to short-cut your research process and allow you to tailor and manage your REIT portfolio with ease.
However, given that I am a licensed financial advisor and a certified financial planner, I am unable to provide such services without formal approvals which is why the expansion of the licensing is required.
More information will be published on my plan to launch a Fee-Only Advice Only REIT Portfolio Advisory service once I've cleared the necessary examinations.
Keep a look out on the space! š«”
In this week's article, we'll be examining the only two healthcare REITs listed in Singapore and determine which is a better REIT to consider!
As volatility picks up in the market, here's an article to help you gain greater clarity as to when an action should be taken in response of the current market developments.
https://www.danconsultancy.com/post/price-action-vs-fundamentals-when-should-you-take-action
Last week, we compared the poster child of Singaporeās Retail REIT,
This week, weāll be doing a 1-vs-1 comparison between two of Singaporeās first and second runners when it comes to retail REITs selection ā Paragon REIT and Starhill Global REIT.
This week, we'll be comparing the two poster child for Singapore's Retail REIT to decide which is better choice to consider if you could only choose one.
Could it be possible for investors to avoid investing in REITs that ends up in a 50% drawdown?
Let us examine the case study of IREIT global and examine the decision-making process of those who did invest in the REIT to determine if any mistakes were made along the way and if so, what are those and how we avoid them as investors.
General market updates for 1H 2024:
https://www.danconsultancy.com/post/market-updates-2024-first-half
MPACT is an Asia focused retail and commercial REITs that was formed as a result of a merger between MCT and MNACT back in 2022.
Post merger, the share price of MPACT dropped by over 30% at the back of poor performances due to the performance drag by the overseas exposure coupled with the impacts of the high interest rate.
Personally, I feel that the merger was a huge mistake that is against the interest of MCT unitholders but now that the share price has been beaten down by so much, it might be giving it a look.
More details are in the report.
Updated for FY2023/4 performances.
Despite the headwinds in the industrial property sector, my views towards MLT remains unchanged.
What has changed however, is the calculation of intrinsic value. Investors should pay attention to the DPU from operations instead of focusing on reported figures.
More details are in the report.
Worth a read for folks with China commercial property exposure.
Updated for the annual report for FY2023-2024.
Looking at the debt maturity profile and interest rate environment, I expect DPU to at best maintain at its current levels as rental reversions offset the increase in cost of borrowing in the coming years.
More details are in the report.
My two cents on the upcoming rate cuts, what it means to investors and how you should approach it if you have the intention to invest in REITs.
https://www.danconsultancy.com/post/rate-cuts-is-it-a-good-time-to-invest-in-reits-2024
CapitaLand India Trust is a pure India REIT that focuses on hi-tech industrial properties.
Valuations aside, the only "issue" that I have with CLINT is the foreign exchange rate risk that comes along with the underlying exposure.
Given the tremendous potential that India's economy has to offer to investors, it may be worthwhile considering having an allocation only if the counter is undervalued so as to compensate for the FX risk.
More details are in the report!
OUE REIT is a tricky case to study.
A mixture of bad luck (Expanding into hospitality sector in 2019) and unwinding of non-operating items (i.e. income support and management fees paid in units) had made it almost impossible to determine if the management is worth their salt.
More details are in the report.
Keppel Pacific Oak US REIT (KORE) is an office REIT that was listed in 2017 and owns 13 office properties in the United States.
With the ongoing headwinds in US commercial industry and suspended distributions (Till 2H 2025), the share price had taken a severe hit (-80%).
Interestingly enough, operating performance of KORE had remained resilient of which, the ongoing commercial crisis may be an opportunity for investors who have the stomach for the risk.
More details are in the report!
Keppel Pacific Oak US REIT (KORE) is an office REIT that was listed in 2017 and owns 13 office properties in the United States.
With the ongoing headwinds and suspended distributions, the share price had taken a severe hit (-80%) but interestingly enough, operating performance of KORE remained resilient.
That being said, the ongoing commercial crisis may be an opportunity for investors who have the stomach for the risk.
More details are in the report!
Hereās an update on the REITs database. Everything should be up and running by October this year!
Another week another REIT.
Today's coverage is Digital Core REIT which is a pure data center REIT that was listed in 2021.
With the bulk of their tenancy problem behind them and cost of borrowing stabilized, things are looking up for Digital Core REIT.
That said, with the performance disruptions in FY2023 and capital recycling exercise, it is difficult to assess the intrinsic value of Digital Core REIT.
In my opinion, Investors best approach this REIT with caution.
More details are in the report.
