CapitaMall Trust Resilient But 3Q2017 DPU Is Flat

CapitaMall Trust Logo

CapitaMall Trust announced its 3Q2017 financial results today. I am pleased that CapitaMall Trust manage to maintain its Distribution Per Unit of 2.78 cents which is the same as 3Q2016. This is despite gross revenue actually fell by a minor of 0.2% for 3Q2017 as compared to the same quarter in 2016.

In my previous post, I wrote about the resiliency of CapitaMall Trust and till date, my opinion still holds. Almost every retail REIT listed on the Singapore Exchange is facing the economic headwinds and suffering from the impact of the growing popularity of online shopping. The fact that CapitaMall Trust is able to almost maintain its DPU was a pleasant surprise for me. Read More

First Pure Singapore REITS ETF – Lion Phillip SREIT ETF

Today, I received a message from my broker asking whether I am interested in subscribing for the Lion Phillip SREIT ETF. The IPO price is at S$1.00 and no balloting is required which means a full allocation will be given if I subscribe for it.

It is the first REIT ETF that is purely based on Singapore REITs. Capitaland Mall Trust, being my favorite REIT in my stock portfolio makes up the major component in this ETF.

A glance at this Lion Phillip SREIT ETF gives me the impression that this ETF is overweight on Retail REITs and Industrial REITs which means it is suppose to be high yielding. Retail and Industrial REITs are highly cylindrical as compared to Healthcare REITs. Read More

Hewlett Packard Vacates Alexandra Technopark

Frasers Commercial Trust Logo

Previously, I wrote about the investment risk of Frasers Commercial Trust which is the lease expiry for Hewlett-Packard ( Frasers Commercial Trust Long Term Play in Office Rental ). The fear has turned into reality. Frasers Commercial Trust has announced that it has been informed by Hewlett-Packard Enterprise Singapore Pte Ltd (“HPE”) that they will vacate their space at Alexandra Technopark upon the expiration of relevant leases on 30 September and 30 November this year.

The rental income for the space to be vacated makes up 6.6% of FCOT’s total gross rental income for the month ended 30 June 2017. In the announcement, the manager revealed that they have already secured a new tenant for 13.4% of the space to be vacated. Read More