Welcome

Welcome to my investment blog where I share with you my analysis of REITs in Singapore.

I hope that my investment philosophy will bring me a steady stream of income apart from my job. I am aiming for at least $3,000 per month which can sustain the current expenses of myself and my family.

Do enjoy reading my blog and post any comments that you have. I welcome them because it is a time to learn from each other.

When I am looking at investing in REIT, here are some of the guidelines that I am looking at. Feel free to comment on it. I am willing to listen to ideas.

-> at least 8% yield.
-> Price that is lower than its NAV.
-> Low gearing (if possible)
-> High secured NAV.

Current Dividend income is $4,200/month.

Wednesday, December 28, 2016

Updates on my Investments

Hi everyone,

I am updating my investments on this blog which is quite sad for me because of one of the counters. Here it is.

Sabana REIT
I increased my shareholdings just before their announcement of their rights issue which is quite a surprise. I increased it from 41,000 to 101,000 at $0.515 which means currently I am staring at $10,000 paper loss. I am very sad because of the timing which is so bad which resulted in this paper loss here. Rights issue will help me with about $5,000 in paper gain but it is still not enough. Will be subscribing to it and applying for excess to minimise losses.

Accordia Golf Trust
I restarted my investments in Accordia Golf Trust, putting in 100,000 shares at average price of $0.6275 as their dividend yield is still relatively high at close to 10% and trading at discount to NAV. It is going to add to my passive income.

Overall
Well, since I have excess cash now and investing in them, here is the portfolio which I am having and the passive income which I am getting for me and my family.


This is another way of looking at my portfolio.

Total Assets held by my REITs and Business Trusts = $856,000
Total Liabilities held by my REITs, Business Trusts and my own Margin Account = $371,000

Net Asset Value = $487,000
Trading Value = $320,000

Passive Income = $2,800 per month
% Yield = 10.9%

It took years to grow into this and I am really thankful that it is now a significant source of income to my family.



10 comments:

  1. Hello so your total asset is 856k or 349k?

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  2. wow, higher leverage now, not going to be easy if shares price not sable..

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  3. Hi, Accordia is a counter who highly depend on Japan currency. Now the Yen is not that strong. Further more, the income is highly depend on weather. U need to becaful. I loss some money in this counter. Just my 2 cents. I read a lot from your blog. I noticed that u always like to buy REIT in discount based on NAV. Is good but also some danger in it. Sabana is one of the example. When some of the REIT is heavily under discount, they may have some underlying reasons such as bad management or bad economy and etc.

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  4. Hi JC

    Just a bit of what I thought here so please don't feel offended.

    Whilst I understand that the high dividend is a significant source of income for your family, I think you may need to further analyze on some of the companies you are holding.

    A few of your top there such as GIL, APTT and Sabana have reasons why they are dropping to such price and it is not purely because of general weakness alone but presented by the weakness in their respective fundamentals.

    That's just my thought on it that we need to look more beyond simply the dividend yield and the discount to nav which I think you invest based on these two metrics most reliant on.

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  5. Hi,

    first time encountering rights issue for me. How do I go about subscribing to my rights? Thanks!

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    Replies
    1. After receiving your letter, you can go to ATM to do your subscription.

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  6. Hi JC,

    Ya, APPT and Sabana seem to unsustainable in paying out dividend on the long run. Look at the share prices which are sliding away.
    Just my 2 cents worth!

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  7. Just wondering..So are you going to pick up the rights or stay put ?

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  8. Wondering..Are you going to pick up the rights or stay put ?

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