Dear readers and fellow financial bloggers,
The festive season is here again. The year 2017 is the year of the Golden Rooster. Towards the end of January 2017, several REITs have concluded their FY2016 financial results. Most of them have barely achieve an increase in annual distribution per unit (“DPU”). Capitamall Trust, Soilbuild, Keppel REIT all have reported a fall in DPU. From these results, we can sense the economic downturn impacting REITs.
Trump just took office in January 2017 and it is uncertain how his policies may impact global markets. I am not expecting exceptional gains from the REITs I am holding but hope that they can be resilient in current turbulent times. Perhaps there can be some bottom fishing in 2017.
With this, I wish everyone a
Prosperous Happy Chinese New Year!
My Sweet Retirement