Singapore REIT Fundamental Analysis Comparison Table – 6 December 2015

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 722.93 to 699.39 (-3.3%) compare to last post on Singapore REIT Fundamental Comparison Table on Nov 1, 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. Keep a close eyes on this FTST ST REIT Index if US Fed announces the Interest Hike this month. Singapore REIT market will face another round of sell off if the recent support about 650 is broken.

FTSE ST REIT Index Dec6-2015

  • Price/NAV decreases from 0.95 to 0.93  (Singapore Overall REIT sector is under value now)
  • Distribution Yield increases from 7.24% to 7.42% (take note that this is lagging number). More than half of Singapore REITs (23 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.
  • Gearing Ratio increases from 34.54% to 34.82%.  20 out of 37 have Gearing Ratio more than 35%.
  • Most overvalue is Parkway Life (Price/NAV = 1.36),  followed by Ascendas iTrust (Price/NAV = 1.32).
  • Most undervalue (base on NAV) is Fortune REIT (Price/NAV = 0.63), followed by Far East HTrust (Price/NAV = 0.66).
  • Higher Distribution Yield is Croesus RTrust (10.38%), followed by Lippo Malls Indonesia Retail Trust (10.10%)
  • Highest Gearing Ratio is Croesus Retail Trust (47.3%) followed by iREIT Global (43.4%)
  • BHG Retail REIT IPO Prospectus.

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-6-Dec-2015

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 RateDec6-2015 SIBOR Dec6-2015

  • Singapore Interest Rate increases from 0.21% to 0.64%
  • 1 month increases from 0.88800% to 0.94941%
  • 3 month increases from 1.01050% to 1.07108%
  • 6 month increases from 1.06846% to 1.13025%
  • 12 month increases from 1.19551% to 1.25222%

Currently most  REITs in Singapore are trading below 200D SMA which is technically bearish (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.  Any knee jerk impact when the US Fed Reserve increases the interest present a good opportunity to accumulate in small quantity to build up our investment portfolio 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 – 6 December 2015

Singapore REIT Fundamental Analysis Comparison Table – 1 November 2015

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 692.19 to 722.93 (+4.4%) compare to last post on Singapore REIT Fundamental Comparison Table on Oct 3, 2015. The index rebounded from recent low of 650 to 740. The long term trend remains down as the index is trading below 200D SMA.   Current rebound is not supported by the volume. It remains to be seen whether this rebound is only a Dead Cat Bounce.

FTSE ST REIT Index Nov1-2015FTSE ST REIT Index Nov1-2015 (shareinvestor)

  • Price/NAV increases from 0.91 to 0.95.  (Singapore Overall REIT sector is slightly under value now)
  • Distribution Yield decreases from 7.51% to 7.24% (take note that this is lagging number). More than half of Singapore REITs (20 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.
  • Gearing Ratio increases from 34.09% to 34.54%. 19 out of 37 have Gearing Ratio more than 35%.
  • Most overvalue is Parkway Life (Price/NAV = 1.38),  followed by Ascendas iTrust (Price/NAV = 1.35).
  • Most undervalue (base on NAV) is OUE Commercial REIT (Price/NAV = 0.62), followed by Fortune REIT (Price/NAV = 0.64).
  • Higher Distribution Yield is iREIT Global (9.48%), followed by Croesus RTrust (9.39%) . 
  • Highest Gearing Ratio is Croesus Retail Trust (47.3%) followed by Keppel REIT (42.6%)

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-1-Nov-2015

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 Nov1-2015 SIBOR Nov1-2015

  • Singapore Interest Rate decreases from 0.49% to 0.21%
  • 1 month decreases from 1.01741% to 0.88800%
  • 3 month decreases from 1.13933% to 1.01050%
  • 6 month decreases from 1.19083% to 1.06846%
  • 12 month decreases from 1.31225% to 1.19551%

Currently most  REITs in Singapore are still trading below 200D SMA which is technically bearish. 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. If you want to find out those REITs which have very high distribution yield but not affected much by Interest Rate Hike & Economy slow down, check out the How to Invest in Singapore REIT to generate Passive Income here.

 

 

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 1 November 2015

Singapore REIT Fundamental Analysis Comparison Table – 3 October 2015

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 683.6  to 692.19 (+1.26%) compare to last post on Singapore REIT Fundamental Comparison Table on Sept 2, 2015. The index is currently consolidating in a Bearish Pennant pattern before the next move and waiting for US Fed to increase the interest rate.  If the support of this Bearish Pennant is broken, expect a further selling off. This is not the right time to accumulate any REITs at the moment although the Distribution Yield and valuation looks very attractive.  Need to keep a close eye on how this REIT Index re-acts after the US Fed increases interest rate. So, sit back, relax and wait for the chart to tell us when is the right time to do the shopping.

FTSE ST REIT Index Oct3-2015

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  • Price/NAV remains at 0.91.  (Singapore REIT is under value now)
  • Distribution Yield increases from 7.49% to 7.51% (take note that this is lagging number). 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 maintains at 34.09%
  • Most overvalue is Ascendas iTrust (Price/NAV = 1.34) followed by Parkway Life (Price/NAV = 1.36).
  • Most undervalue is OUE Commercial REIT (Price/NAV = 0.57), followed by Fortune REIT (Price/NAV = 0.58).
  • Higher Distribution Yield is VIVA Industrial Trust (10.02%) followed by iREIT Global (9.85%). Note: Yes!! It is very attractive but we have to understand the Risks and whether the distribution is sustainable or not. High Distribution Yield does not mean it is safe REIT for investment. Don’t invest purely base on the Yield % because it is wrong thing to do without knowing the reasons.
  • Highest Gearing Ratio is Croesus Retail Trust (47.3%) followed by Keppel REIT (42.6%)

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-3-Oct-2015

 

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.

 

Singapore Interest Rate Oct3-2015SIBOR Oct3-2015

 

  • Singapore Interest Rate increases from 0.45% to 0.49%
  • 1 month increases from 0.94621% to 1.01741%
  • 3 month increases from 1.07075% to 1.13933%
  • 6 month increases from 1.12700% to 1.19083%
  • 12 month increases from 1.24788% to 1.31225%

Currently all the REITs in Singapore started the down trend and in the short term consolidation. If there is no further sell down after the US Fed announces interest rate hike which is expected by end of 2015, the current correction of Singapore REITs provides a good opportunity to pick up some fundamental strong REITs for long term passive income investing. So, prepare your Great Singapore REIT Shopping list now!

Check out the How to Invest in Singapore REIT to generate Passive Income here.

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 3 October 2015