Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 734.05 to 747.06 (1.77%) compared to last month’s update. The REIT index is currently trading within a big symmetrical triangle with the red line resistance and blue line support. Short-term direction: Sideways Medium-term direction: Sideways Long-term direction Down (200D SMA is sloping down) Immediate Support at 720 (symmetrical triangle support) Immediate Resistance at 760 (200D SMA resistance). 新加坡房托指数 Previous chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on March 5th, 2023. Fundamental Analysis of 38 Singapore REITs The following is the compilation of 38 Singapore REI
Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 872.79 to 843.73 (-3.33%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 890. As for now, Short term direction: Down. Medium direction: Sideways. Immediate Support at 835, followed by 816. Immediate Resistance at 890. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon November 7, 2021.Fundamental Analysis of 40 Singapore REITsThe following is the compilation of 40 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are l
These Bubble Charts are used to show the “relative” positions compared to other Singapore REITs and give additional hidden information to help in my research and analysis. Distribution Yield vs Price/NAV ** (Value Pick) Gearing Ratio vs Price/NAV (Risk Avoidance) Gearing Ratio vs Interest Coverage Ratio (Risk Avoidance) ** Distribution Yield are lagging. Distribution Yield vs Price/NAV Distribution Yield is based on TTM (trailing twelve months) basis. Therefore it is a lagging indicator. Gearing Ratio vs Price/NAV Gearing Ratio vs Interest Coverage Ratio A slight correlation between Gearing Ratio and ICR can be observed. The lower the Gearing Ratio, the higher the ICR. Compare to previous Singapore REIT Bubble Chartshere! Disclaimer: The analysis is for Author’s own use and NOT t
Exclusive Insights: Interview with ALOG REIT CEO, Ms Karen Lee
In this coverage of the ESR-REIT and ARA LOGOS Logistics Trust merger, I had the opporutnity to speak to Ms Karen Lee, CEO of ALOG REIT on the 8 November 2021. Cold Storage Logistics [Editors note:Cold Storage Facilities are facilities that store frozen or chilled goods, such as frozen food, chilled food and pharmeceuticals.Demand for such facilities around the world is high, especially nowadays since the COVID-19 Vaccines are in high demand and most of them require such facilities.] Kenny: I heard that Cold Storage Logistics are a new asset class, just like Data Centres. What do you think about the future growth of this sector, and would there be any rerating of the REIT as this asset class is added into your portfolio? Karen: I wouldn’t say Cold Storage and Data Centres are the&nbs
Exclusive Insights: Q&A during Manulife US REIT Operational Update
On 3 November 2021, $宏利美国房地产投资信托(BTOU.SI)$ Manulife US REIT (“MUST”) [SGX:BTOU] released its operational updates for the third quarter ended 30 September 2021.I have been invited for a call with the management team for updates on MUST’s 3Q 2021 operations as well as on the U.S. office landscape. I would like to thank Manulife US REIT for this opportunity.Q&A SectionIn this section I’ll be touching on selected questions regarding MUST’s operations, and their outlook moving forward.Q: Just wondering, what is your outlook on acquisitions, will you be able to complete an acquisition this year or maybe by next year?A: We’ve looked through 46 properties this year, and we are definitely getting closer to finding properties that w
Exclusive Insights: Interview with ESR REIT CEO, Mr Adrian Chui
On the 26th October 2021, I had the opportunity to speak to Mr Adrian Chui, CEO and Executive Director of ESR REIT. As you may have known, the recent announcement of ESR REIT’s proposed Merger with ARA LOGOS Logistics Trust has sparked many questions amongst investors. Proposed merger of ESR REIT with ARA LOGOS Logistics Trust: Resources Proposed merger with ARA LOGOS Logistics Trust Presentation Slides – ESR REIT Proposed merger with ESR REIT Presentation Slides – ARA LOGOS Logistics Trust MoneyFM 89.3 Radio Interview covering the REIT mergers Frequently Asked Questions – Proposed Merger Of ESR-REIT And ARA LOGOS Logistics Trust By Way Of A Trust Scheme Of Arrangement During my visit to ESR Bizpark @ Changi, on behalf of investors, in an interview with Mr Adrian Chui and Ms Charlane-Ja
Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 842.13 to 872.79 (+3.64%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 890. As for now, Short term direction: Up. Medium direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 890. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon October 3, 2021. Fundamental Analysis of 38 Singapore REITs The following is the compilation of 38 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there ar
Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 876.88 to 842.13 (-3.96%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 890. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 890. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon September 4, 2021.Fundamental Analysis of 38 Singapore REITsThe following is the compilation of 38 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. Note
Disclaimer: This article is based on observations on past trends. It is not a prediction on future events that may happen in the REITs space. Please seek your financial advisor for advice.According to Investopedia, Net Asset Value is equal to a fund’s or company’s total assets minus liabilities, divided by no. of shares. In other words, NAV = (Assets – Liabilities) / Total number of outstanding shares. NAV is usually calculated by REITs semi-annually or quarterly. Using individual REIT data anddata from the StocksCafe REIT screener, below are 5 REITs whose Net Asset Value is on a downtrend since Q1 2015. The below table shows the % Reduction in NAV in 6 years, between Q1 2015 and Q1 2021.% Change in NAV for the 5 REITs from Q1 2015 to Q1 2021.Below is an overview of the 5 REITs listed abov