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The Federal Reserve announced that it will cut interest rates to zero as part of its emergency measure to protect the economy from the impact caused by the COVID-19 virus. I thought that this will give the stock market a boost but it didn’t. The stock market plunged further and this makes REITs certainly a lot cheaper at ridiculous prices I have never seen before.

Below are the stocks that I currently held in my stock portfolio. With the dip in stock prices, the current dividend yield had increased which makes certain REITs very attractive. Do expect further downside and do not expect recovery that soon. For long term dividend investors, this should not be much of an issue.

I will probably wait for the stock market to hold steady at current levels before deploying more tranches of my cash.

Stock Name Total Dividends Paid (Cents) (FY19) Closing Price (18th March 2020) Current Dividend Yield (%)
OUE Commercial REIT 3.31 S$0.32 10.34%
Frasers Commercial Trust 9.60 S$1.12 8.57%
Frasers Logistics and Industrial Trust 7.00 S$0.82 8.54%
SPH REIT 5.60 S$0.74 7.57%
ComfortDelgro 9.79 S$1.55 6.32%
CapitaMall Trust 11.97 S$1.83 6.54%
Mapletree Commercial Trust 9.14 S$1.77 5.16%
Parkway Life REIT 13.19 S$2.81 4.69%
ST Engineering 15 S$3.30 4.55%

Straits Times Index Fell 6.03% Due to Oil Price War

Amidst the COVID-19 outbreak which has caused much volatility in the stock market, the stock market plunged further today on the news of Riyadh (Saudi Arabia) slashing crude for April delivery prices. This had sparked the massive sell off of oil related stocks.

The Straits Times Index (STI) took a beating and fell as much as 6.03%. With the massive sell off, this opens up an opportunity in the current stock market.

Below are the stocks that I currently held in my stock portfolio. With the dip in stock prices, the current dividend yield has increased which makes certain REITs attractive. For investors who have been hoping for a dividend yield of at least 5% and above, this is probably the moment you are waiting for.

Stock Name Total Dividends Paid (Cents) (FY19) Closing Price (9th March 2020) Current Dividend Yield (%)
OUE Commercial REIT 3.31 S$0.44 7.52%
Frasers Commercial Trust 9.60 S$1.59 6.04%
Frasers Logistics and Industrial Trust 7.00 S$1.20 5.83%
SPH REIT 5.60 S$0.97 5.77%
ComfortDelgro 9.79 S$1.81 5.41%
CapitaMall Trust 11.97 S$2.39 5.01%
Mapletree Commercial Trust 9.14 S$2.21 4.14%
Parkway Life REIT 13.19 S$3.46 3.81%
ST Engineering 15 S$4.03 3.72%

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!