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My favourite REIT in Singapore! Management seems shrewd or have a crystal ball to sell off malls with lower footfall at a markup over valuation, while keeping those insanely packed malls ( Causeway Point, Northpoint, Tiong Bahru Plaza, Nex, Waterway Point) on their books. Thumbs up for the great insights
Shopping malls n office reit provided me with stable passive income since 2004 ! Few weeks ago ,i buy some Mpact at $1.41 ,as it is at all time low . Q2 result out on 26th oct . Hope quarterly DPU is good !
i think in the coming month, alot of job will be gone in singapore couple with 9% gst arrival and high interest rate, yield will be affected for reit. buying treasury or fixed deposit is a better bet. US also cant sell their treasury which they need to fund their free spending . They would have to move the yield higher for investor to buy and this will pull everyone up in interest rate.
FCT concentrates on suburban malls likes Sheng Siong have a regular flow of traffic from HDB shoppers. Suntec Reit so-called Blue Chip Reit owns Suntec Mall has fallen off a cliff from $1.96 to $1.15 and is likely to drop further to $1.01.
Ive concerns on deleveraging for suntec also. Have you seen this sharing? Why I've Painfully CUT LOSSES Here... | Singapore Dividend Investing | SUNTEC REIT Updates 2023 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yrDEBEynS_A.htmlsi=2POnkpQR6Q3_2PrR
But retail sales in Singapore have been decelerating month on month this year, adding the bite of inflation on everyone's income this year and next, and the rising costs of building maintenance and high cost of debt financing, there is very little case to get into an Singapore-only retail reit
When we dig beneath surface as presented, we'd see retail sales figures stronger than 2019 and no refinancing for FY2023 left for FCT. Hope it clarifies k
Bedok Point was sold at Advantage to Sponsor: REIT acquired from Sponsor at $127m and sold back at $100m. NexMall: Question is can FCT improve on Mercatus on what the latter did? From the few months after acquisition, there is no significant improvement from the operations.
I understand your experience in tenant mix which is optimising the asset. Maybe improvements take time and at status quo, if rent can be raised , its still a win?
No compelling reason to buy Fraser centrepoint reits - their track record in last 5 years to increase DPU is not impressive, the debt liability is front-loaded with mostly bank-financing floating rates which will reprice higher, and the leverage ratio will be impacted by lower property valuation. If you like fraser so much, i think fraser property fixed-rate bond yielding 4.49% coupon maturing 2027 is better bet while waiting for the perfect reit storm to pass…
Carefully consider the long term fundamentals of the business first before any sell decision. Sometimes the short term climate causes it to drop in share price. All the best
Thanks for spending the effort to cover Fraser! Something about investing something that I visit or use gives abit of comfort when i see the mall is doing well with massive crowd.
now is a goodbuy....in june to dec 2024 you will see all crashing down....why take the risk? buy long position on gold and silver. dont gamble on yr hard earn money. follow the smart money movement.
Its a upcoming upward commodity cycle. Gold/silver up cycle has not even started. Its just the beginning.. follow what all the world central bank do....hold long position. The retail investor hv not even come in to play. Once stock start crashing hard oncoming blackswan....u see gold/silver fly high
