Summary of November 2016 Transactions

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Wow, time flies. We are in the 2nd last month of the year 2016. Having sold off Sheng Siong, M1 and Cambridge Industrial Trust, I have spare cash in my war chest to deploy.

Taking opportunity of the Trump Crisis where stocks and REITs are slightly beaten down, I added more of Capitaland Mall Trust into my stock portfolio. (Read more at My Personal Analysis of Capitaland Mall Trust)

Capitaland Mall Trust now occupies 9% of my stock portfolio. The reason I added more of Capitaland Mall Trust is for more exposure to Retail REITs. This month, I categorize my stocks and REITs into the industry they are focused on. I noticed that the stocks and REITs I held have very little exposure to the retail sector and thus I decided to add more of it by adding more of Capitaland Mall Trust which is very much focused on shopping malls. Read More

My Personal Analysis of Capitaland Mall Trust

CapitaMall Trust Logo

With the recent US presidential election and almost certain news that Fed will increase interest rate, prices of most REITs have fallen to attractive levels. Today, I have bought more of Capitaland Mall Trust. I have noticed that there is much retail REIT component in my stock portfolio and thus made the decision to add more of Capitaland Mall Trust. The current weakness poses an opportunity for me.

Of course, I did some basic personal analysis as below. Read More

OUE Hospitality Trust Q3 2016 Results

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Gross revenue from the hospitality segment increased 6.3% in 3Q 2016 as compared with 3Q2015.

However, gross revenue from the retail segment (rental and other income from Mandarin Gallery Shopping Mall) was S$0.8 million lower as compared to 3Q2015. This is a decrease of 8.9%. Effective rent per square foot per month of S$24.6 for 3Q2016 was lower as compared to S$25.0 for 3Q2015.

Mandarin Gallery

As of 30th September 2016, occupancy at Mandarin Gallery was approximately 89% committed.

Two big fashion players Michael Kors and Victoria Secrets have finally opened their stores at Mandarin Gallery. with Michael Kors occupying 7,000 square feet space and Victoria Secret occupying 12,000 square feet at Mandarin Gallery. The lease signed is 7 years and 10 years respectively.

The manager of OUE Hospitality Trust claims that the long lease with the tenant is part of their strategy of enhance income stability for the trust. Read More