Singapore REIT Fundamental Analysis Comparison Table – 2 March 2016

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 688.7 to 720.26 (+4.58%) compare to last post on Singapore REIT Fundamental Comparison Table on Feb 1, 2016. The index is currently testing the 200D SMA resistance at about 722. The long term trend remains down as the index is trading below 200D SMA which is also sloping down. SGX S-REIT (REIT.SI) Index at 1100.295.

FTSE ST REIT Index Mar2-2016

  • Price/NAV increases from  0.91 to 0.93 (Singapore Overall REIT sector is under value now)
  • Distribution Yield decreases from 7.60%  to 7.40% (take note that this is lagging number).  More than half of Singapore REITs (24 out of 38) have Distribution Yield > 7%. Current yield is attractive but dangerous to make investing decision purely base on the yield. Past performance does NOT equal to future performance.
  • Gearing Ratio increases from 35.11% to 35.15%.  23 out of 37 have Gearing Ratio more than 35%.
  • Most overvalue is Parkway Life (Price/NAV = 1.42),  followed by Ascendas iTrust (Price/NAV = 1.36).
  • Most undervalue (base on NAV) is Fortune REIT (Price/NAV = 0.61), followed by Keppel REIT (Price/NAV = 0.63), Far East HTrust (Price/NAV = 0.68) and OUE Commercial REIT (Price/NAV = 0.69).
  • Higher Distribution Yield is Lippo Malls Trust (10.13%) followed by Cache Logistic Trust (9.88%)
  • Highest Gearing Ratio is Croesus Retail Trust (46.3%) followed by iREIT Global (42.6%)

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-1-Mar-2016

Disclaimer: The above table is best used for “screening and shortlisting only”. It is NOT for investing (Buy / Sell) decision. To learn how to use the table and make investing decision, Sign up next REIT Investing Seminar here to learn how to choose a fundamentally strong REIT for long term investing for passive income generation.

SIBOR Mar2-2016 Singapore Interest Rate Mar2-206

 

  • Singapore Interest Rate decreases from 0.72% to 0.19%
  • 1 month decreases from 1.13025% to 1.11950%
  • 3 month decreases from 1.25300% to 1.25200%
  • 6 month decreases from 1.31475% to 1.31300%
  • 12 month remains at 1.43800%

Technically Singapore REITs sectors rebounded recently due to the attractive valuation and distribution yield. 20D and 50D SMA are already sloping up showing that Singapore REIT sector is on short term and medium term uptrend. If the index can break the 200D SMA resistance and stay above this long term trend, Singapore REIT sector is back to life and start uptrend again. Start picking up the fundamental strong REIT as these REITs provide faster capital appreciation when the uptrend starts in addition to the quarterly / half yearly distribution payout. Find out Which Singapore REIT to Buy and When is the Right Time to Buy in this coming Singapore REITs Investing class.

 

 

 

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 2 March 2016

Singapore REIT Fundamental Analysis Comparison Table – 1 February 2016

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 695.93 to 688.7  (-1.04%) compare to last post on Singapore REIT Fundamental Comparison Table on Jan 3, 2016. The index is consolidating in a Symmetrical Triangle pattern. The long term trend remains down as the index is trading below 200D SMA which is also sloping down. 

FTSE ST REIT Index Feb1-2016

Latest ranking of the FTSE ST Real Estate Investment Index’s components base on Market Capitalisation as followed:

FTSE ST REIT Components Jan 29-2016

Top 5 Market Cap Singapore REIT:

  1. CapitaMall Trust
  2. Ascendas REIT
  3. Suntec REIT
  4. CapitaCom Trust
  5. Keppel REIT
  • Price/NAV reduces from 0.93 to 0.91  (Singapore Overall REIT sector is under value now)
  • Distribution Yield increases from 7.36% to 7.60% (take note that this is lagging number).  More than half of Singapore REITs (25 out of 38) have Distribution Yield > 7%. Current yield is attractive but dangerous to make investing decision purely base on the yield. Past performance does NOT equal to future performance.
  • Gearing Ratio increases from 34.78% to 35.11%.  23 out of 37 have Gearing Ratio more than 35%.
  • Most overvalue is Parkway Life (Price/NAV = 1.36),  followed by Ascendas iTrust (Price/NAV = 1.25).
  • Most undervalue (base on NAV) is Fortune REIT (Price/NAV = 0.61), followed by Keppel REIT (Price/NAV = 0.63), Far East HTrust (Price/NAV = 0.66) and OUE Commercial REIT (Price/NAV = 0.66).
  • Higher Distribution Yield is Croesus RTrust (10.19%), followed by Lippo Malls Trust (9.94%)
  • Highest Gearing Ratio is Croesus Retail Trust (47.6%) followed by iREIT Global (43.4%)

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-1-Feb-2016

 

Disclaimer: The above table is best used for “screening and shortlisting only”. It is NOT for investing (Buy / Sell) decision. To learn how to use the table and make investing decision, Sign up next REIT Investing Seminar here to learn how to choose a fundamentally strong REIT for long term investing for passive income generation.

SIBOR Feb1-2016 Singapore Interest Rate Feb1-2016

  • Singapore Interest Rate increases from 0.23% to 0.72%
  • 1 month increases from 0.98806% to 1.13025%
  • 3 month increases from 1.13700% to 1.25300%
  • 6 month increases from 1.19175% to 1.31475%
  • 12 month increases from 1.31525% to 1.43800%

Technically the Singapore REITs sectors is trading in a consolidation or down trend direction. Some REITs with good fundmental have reached a very attractive valuation and yield level. As the general investment sentiment is weak, it is a good time to start your shopping list to build a retirement portfolio for Passive Cash Flow.

warren-buffett-quotes

Singapore REIT is still one of the best instrument for investment which can generate consistent and predictable passive income for our retirement. If you want to learn how to select a SAFE REITs with predictable and consistent distribution payout, enter at the right price and right time, and understand what are the down side risks, come and join the seminar on How to Invest in Singapore REIT to generate Passive Income.

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 1 February 2016

Singapore REIT Fundamental Analysis Comparison Table – 3 January 2016

  • Post author:

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 699.39 to 695.93 (-0.49%) compare to last post on Singapore REIT Fundamental Comparison Table on Dec 6, 2015. The index looks like consolidating in a Symmetrical Triangle. The long term trend remains down as the index is trading below 200D SMA which is also sloping down. US Fed finally announces the interest rate hike of 0.25%.  However there was NO sell off in Singapore REIT and it was confirmed the fear was already priced in the stock price. After throwing out this interest rate hike fear out of the picture, we have to focus back on the economy condition and the sectors of Singapore REIT participate in. 5 Key main sectors for Singapore REITs are Industrial, Retail, Commercial Office, Health Care and Hospitality.

FTSE ST REIT Index Jan3-2016

  • Price/NAV remains at 0.93  (Singapore Overall REIT sector is under value now)
  • Distribution Yield decreases from 7.42% to 7.36% (take note that this is lagging number).  More than half of Singapore REITs (21 out of 37) have Distribution Yield > 7%. Current yield is attractive but dangerous to make investing decision purely base on the yield. Past performance does NOT equal to future performance. As the price of FTSE ST REIT index dropped and the overall yield also dropped, it only explained one thing: Overall DPU are dropping, which is a bad sign.
  • Gearing Ratio decreases from 34.82% to 34.78%.  20 out of 37 have Gearing Ratio more than 35%.
  • Most overvalue is Parkway Life (Price/NAV = 1.40),  followed by Ascendas iTrust (Price/NAV = 1.34).
  • Most undervalue (base on NAV) is Fortune REIT (Price/NAV = 0.64), followed by Keppel REIT (Price/NAV = 0.68), Far East HTrust (Price/NAV = 0.69) and Sabana REIT (Price/NAV = 0.69).
  • Higher Distribution Yield is Croesus RTrust (10.19%), followed by Sabana REIT(9.82%)
  • Highest Gearing Ratio is Croesus Retail Trust (47.3%) followed by iREIT Global (43.4%)
  • Added BHG Retail REIT in this table (Refer to Row 6). See BHG Retail REIT IPO Prospectus.

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-3-Jan-2016

 

Disclaimer: The above table is best used for “screening and shortlisting only”. It is NOT for investing (Buy / Sell) decision. To learn how to use the table and make investing decision, Sign up next REIT Investing Seminar here to learn how to choose a fundamentally strong REIT for long term investing for passive income generation.

Singapore Interest Rate Jan3-2016 SIBOR Jan3-2016

  • Singapore Interest Rate decreases from 0.64% to 0.23%
  • 1 month increases from 0.94941% to 0.98806%
  • 3 month increases from 1.07108% to 1.13700%
  • 6 month increases from 1.13025% to 1.19175%
  • 12 month increases from 1.25222% to 1.31525%

Currently most  REITs in Singapore are trading below 200D SMA which is technically bearish but in consolidation mode (see Singapore REIT Charts here). Although the distribution yield are very attractive but do take note that this is a lagging number. As REIT is very much depends on the economic cycle, it is important to keep a close eye on economic data (i.e. GDP, consumer spending, PMI) as economic condition will affect the future NPI. NPI will affect Distribution and share price. However, some REITs are more defensive in nature and less sensitive to economy slow down.

Some of the REITs in Singapore are currently trading at an attractive valuation and yield.  US Fed Reserve finally increased the interest but there was NO knee jerk effect and sell off. If the economy is not further deteriorating but stabilizing, the current price level and distribution yield present a good opportunity to accumulate in small quantity to build up our investment portfolio. Singapore REIT is still one of the best instrument for investment which can generate consistent and predictable passive income for our retirement.

If you want to learn how to select a SAFE REITs with predictable and consistent distribution payout, enter at the right price and right time,come and join the seminar on How to Invest in Singapore REIT to generate Passive Income.

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 3 January 2016