October 2018 Financial Results Announcement Dates

It is almost coming to the end of the year and I am expecting to receive my last tranche of dividends payout from the REITs I am holding. With the recent announcement of Fed interest rate hike, it impacted the share price of REITs, causing them to decline slightly. For the past week, the stock market was in a sea of red. However, the stock market managed to recover slightly and re-bounced back on Friday, 12th October 2018.

The risk that I am expecting for Frasers Logistics and Industrial Trust has actualized as AUD weakened further against the Singapore dollar (1 AUD to 0.98 SGD). The market has reacted to this and the share price of Frasers Logistics and Industrial Trust fell lower to S$1.04.

Below are the date of results announcement for some of the REITs I am holding in my stock portfolio.

Stock Name Percentage of My Stock Portfolio Date Of Results Announcement
ST Engineering 16% Not applicable
Frasers Logistics and Industrial Trust 15% 5th November 2018
ParkwayLife REIT 11% 25th October 2018
CapitaMall Trust 11% 25th October 2018
Mapletree Commercial Trust 11% 24th October 2018
ComfortDelgro 8% Not applicable
OUE Hospitality Trust 4% Not applicable
The Hour Glass 3% Not applicable
Kingsmen Creative 3% Not applicable
Frasers Commercial Trust 2% 19th October 2018

Looking forward to collecting my dividends!

Frasers Logistics and Industrial Trust Acquires NSW Property and QLD Property

Following the recent divestment of two Australian properties (80 Hartley Street and Lot 102 Coghlan Road), the manager of Frasers Logistics and Industrial Trust had completed the acquisition of two prime properties in Australia for A$62.6 Million. This is no surprise and as per their previous announcement that they will use the proceeds from the divestment to fund potential acquisition opportunities.

The manager has mentioned that the acquisition is expected to improve the distribution per unit. Stock analysts have estimated a debt headroom of A$190m before reaching the 40% gearing ratio. Thus, I do not foresee any further acquisition in the near term.

Given the above news which I deemed positive, I have slightly increased my holdings in Frasers Logistics and Industrial Trust which I shall update at the end of this month.

Below are the details of the two new Australian properties that have been acquired. Read More

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