What To Invest Now?

Previously, I wrote about re-investing the money I gotten from the sale of Suntec REIT. This puts me in a dilemma as I do not know which REIT in my stock portfolio should I increase my position. Thus, the best way to find out is to compare their current dividend yield for better decision making.

The minimum criteria for my next REIT selection is that the current dividend yield should be better than Suntec REIT which currently yields 5.21% based on the current price of S$1.92.

From the below table that I have tabulated, ParkwayLife REIT is definitely out of the game as it current gives a dividend yield of 4.93%. I have also eliminated CapitaMall Trust as its dividend yield is 5.26% which is very much close to Suntec REIT’s dividend yield of 5.21%.

I have also eliminated OUE Hospitality Trust due to its poor 2Q2018 financial results. (Read more: OUE Hospitality Trust 2Q2018 Financial Results – Still Awaiting The Jewel) Read More

CapitaMall Trust 2Q2018 Results – Increasing DPU

CapitaMall Trust has released its 2Q2018 financial results. Both Gross revenue and Net Property Income has increased by 1.6% and 2.8% respectively despite the lack of income from Sembawang Shopping Mall due to its divestment some time back (Read more: CapitaLand Mall Trust 1Q2018 Financial Results and Divestment of Sembawang Shopping Mall ). Distribution per unit increased 2.2% for 2Q2018 as compared to 2Q2017. As a dividend investor, this is something I applaud CapitaMall Trust for.

At the point of writing, the share price of CapitaMall Trust currently stood at S$2.16. Comparing it with the Net Asset Value of CapitaMall Trust of $2.01 (as of 30 June 2018), the current share price is a slight premium over its Net Asset Value.

Even though the financial results are on the positive side, one thing noteworthy is that the shopper traffic for 1H2018 decreased by 2.4% Y-o-Y. Tenant sales for 1H 2018 also decreased by 0.2% Y-o-Y. Overall portfolio occupancy is 98% which I consider is still fairly high as compared to the average market occupancy of 92.5%. Read More

CapitaLand Mall Trust 1Q2018 Financial Results and Divestment of Sembawang Shopping Mall

CapitaLand Mall Trust, Singapore’s first and largest retail REIT has recently announced a decent set of 1Q2018 financial results. I shall not dwell too much into its financial results as you can judge them yourself based on the results below but all I can say is that I am happy to see Distribution Per Unit (“DPU”) increase by 1.8%.

CapitaLand Mall Trust currently makes up 12% of my stock portfolio and I am excited to receive higher dividends quarter on quarter.

1Q2018
(S$’000)
1Q2017
(S$’000)
Change
Gross Revenue 175,164 172,023 1.8%
Net Property Income 125,651 120,060 4.7%
Distributable Income 98,963 96,973 2.1%
Distribution Per Unit (“DPU”) (cents) 2.78 2.73 1.8%

Read More