Singapore REIT Fundamental Analysis Comparison Table – 7 Sept 2014

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT) Index changes from 764.31 to 775.28 compare to last post on Singapore REIT Fundamental Comparison Table on Aug 7, 2014. The index is trading above  200D SMA  and still consolidating within a range between 760 and 780, a Rectangle consolidation pattern. Watch closely these two support and resistances level to see whether there is a change in trend (if 760 support is broken) or continuation of the uptrend (if 780 resistance is broken).

FTSE ST REIT Index Sept6-2014

  • Price/NAV increases from 1.03 to 1.045 (slightly over value now)
  • Dividend Yield decreases from 6.55% to 6.46%.
  • Gearing Ratio increases from 33.17% to 33.42%
  • IREIT Global  traded on the Singapore Stock Exchange on Aug 13, 2014. (Opened $0.88 and closed at $0.895)
  • Added IREIT Global.



Singapore Interest Rate

Singapore Interest Rate Sept7-2014

Singapore 3 Months SIBOR

Singapore SIBOR 3 Months Sept7-2014


Under Watchlist

  1. CapitaCom Trust
  2. First REIT
  3. Fraser Centrepoint Trust
  4. Fortune REIT
  5. Lippo Mall Trust
  6. Starhill Global

2014Sept7-CapitaComm-800x6002014Sept7-FirstREIT-800x600Frasers Centrepoint Trust Sept 7-20142014Sept7-Fortune Reit HK$-800x600LMIR sept7-2-142014Sept7-Starhill Gbl-800x600


One of the key criteria for my watch list is the Gearing Ratio due to my low risk appetite. I do not like to have heart attack because I want my invested capital to be protected and prevent me from suffering a big drop due to right placement. In addition, a sudden hike in interest will have a knee jerk effect on the REIT with high gearing ratio.

If you want to find out how to make use of Gearing Ratio to protect your invested capital, how to invest safely in Singapore REIT to generate passive income, how the interest rate can affect your REIT investment, you can check out the a very pragmatic and educational public seminar here “Investing in Singapore REIT“.



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Starhill Global REIT: Under Watchlist

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Fundamental Analysis of Starhill Global REIT:

Starhill Global Portfolio by Countries June14-2014Starhill Global Occupancy Rate June14-2014Starhill Global Tenant Mix June14-2014Starhill Global WALE June14-2014


WADB June 16-2014

Technically Starhill Global REIT is trading in a Rectangle and range bound between $0.755 and $0.845.

2014June14-Starhill Gbl-800x600

Compare with other Singapore REITs, Starhill Global is traded at a 12% discount to NAV with Distribution yield at 6.21%. Fundamentally this REIT is attractive in terms of Price/NAV, Distribution Yield and Gearing Ratio. However, technically the chart is moving sideway and looks like this REIT is going through a retracement currently. A much more attractive entry level is to wait for Starhill Global to retrace back to the Rectangle support at about $0.755. The yield at this price is about 6.5% with Price / NAV about 0.82 (18% discount to NAV). A little concern over the WADB as about 30% debt is going to mature in 2015 and Starhill Global REIT may need to refinance at a higher interest rate, thus impact the DPU.

I will be covering the above analysis  method in my Singapore REIT Investing public workshop, I strongly suggest you to sign up and understand how to do a proper analysis (Fundamental Analysis, Risk Assessment, Technical Analysis) on the REIT before throwing the money into stock market by selecting the wrong REIT and investing in the wrong time.



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