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Liked! Do explain the last part please.

@joshconsultancy

Жыл бұрын

Stay tuned :)

waiting for c2pu to drop more!

My broker advice 100k into Capital land,Netlink,Sausser.All underwater.

hi Josh, there's rumours going around that suntec reit has an EFR overhang to par down aggregate leverage. would it be better to stay away for now until we get more clarity from mgmt on how they intend to de-leverage?

@joshconsultancy

Жыл бұрын

There's some validity on those concerns. And if suntec comes to equity markets w rights it's going to likely get sold down. That's why they are on a steep discount now. I'm taking the bullish side they can sell some assets instead or go perpetual bonds route. #notinvestmentadvice

I will still put my $100K into the UOB One Account to earn a guaranteed interest of $420 per month which is equivalent to 5% guaranteed interest per annum. The excess I will consider to invest in REITS

Yes pls analyse mapletree industrial.. thank you Josh!

@joshconsultancy

Жыл бұрын

Stay tuned! =)

Want is your opinion on ascendas Reit?

@joshconsultancy

Жыл бұрын

Good sponsor. Overlaps w MIT abit hence I don’t have in my personal portfolio. You’ve seen this recent sharing? kzread.info/dash/bejne/iGGmq9SkgLitm7Q.html

Thanks as always 💕

If you have a div of 5.4 whatever and inflation is 8-9% you're still losing purchising power y/y, divs may not be safe and if said companies are heavily indebt they may even go bankrupt with all the rising expences. Only time id buy a reit is if the companies assets/liquidation value far outweight the marketcap, kinda like the prison stocks etc

@joshconsultancy

Жыл бұрын

Incorrect. In equities see total returns not just div yield. Second part relates to p/bv

@aphil8359

Жыл бұрын

@@joshconsultancy Thank you for responding. By total returns, are you refering to appreciation of assets under managment? since reits have to pay out atleast 90% as div. In which case I ask is it realistic for a block of concrete to increase in value by 10% y/y for the past 100 years (over exaggeration ofc), or is it simply the effect of interest rates historically being in a down trend? If so is it not feasible that we will see stagnate or ever lower real estate prices moving forward?

@chinsienliew556

10 ай бұрын

@@joshconsultancy p/bv is to identify undervalued stock?

Though Reits prices are attractive now, interest rates are still rising. We dont have a crystal ball and cant catch the bottom but doesnt it still too early to buy Reits now? Reits prices could have room to drop further.

@joshconsultancy

Жыл бұрын

Could have room to drop is a valid question and I hold that view for technology and semicon which Ive shared could still be expensive. What can be controlled is to determine what is cheap enough and the pace of acquiring and concentration within the portfolio. Hope it answers

Celine Tang from Singhaiyi Group buys another 2m of Suntec Reit at $1.31 8nov22

Hello could you pleaae make a more latest video on reits

@joshconsultancy

4 ай бұрын

Coming soon stay tuned =)

@dancingnachos3634

4 ай бұрын

@@joshconsultancy thank you. And if you can make a video on the current markets and how to invest for ppl in their 50's it would be great also. Thank you!

What is your take on ESR LOGOS REIT?

@joshconsultancy

Жыл бұрын

Not my preferred. Small cap currently despite merger. For light industrials IF fundamentals are picking up, how about Ascendas instead? kzread.info/dash/bejne/iGGmq9SkgLitm7Q.html

Other than MIT, I also do like Keppel DC and the grand daddy of DC REITS, Equinix. I foresee a future where Humans themselves are stored in Data Centers...

@joshconsultancy

Жыл бұрын

Matrix 🫵🏻

alamak raffles medical & keppel DC not mentioned as number 5.

@joshconsultancy

Жыл бұрын

sorry man haha

i would take suntec reit NAV value with a pinch of salt ...always discount 20 % ...

@joshconsultancy

Жыл бұрын

2018 was more than 1 p/bv. MNACT before merger was also below 1x. Cict merged recently and office side may be also below 1x for some cycles

What’s about investing in SYFE REITS+?

@joshconsultancy

Жыл бұрын

I view it well. Is a good diversified approach =) HOW TO USE SYFE REIT+ TO INVEST INTO THE BEST SINGAPORE REITS! kzread.info/dash/bejne/k5p-26ewdtKsls4.html

@jaya001us

Жыл бұрын

@@joshconsultancy but how would syfe reits+ compare to the 5 reits u mention in this video? are the fees syfe charging worth it? or should we just invest in these 5 reits directly?

Suntec REIT has been under 1x P/B historically even when interest rates were low, how would you interpret that?

@joshconsultancy

Жыл бұрын

2018 above 1 p/bv … but also nothing to shout above I know haha

What about AIMS ? Thanks

@joshconsultancy

Жыл бұрын

Niche in Singapore. There are a few small cap reits in this sector. IF want overallocation into light industrials I may prefer ascendas kzread.info/dash/bejne/iGGmq9SkgLitm7Q.html

After viewing yr video, i might sell some of my current holdings to buy PanAsia and Mapletree Industrial. Thinking of selling these: Mapletree logistics CICT Frasers Logistics What do you think?

@joshconsultancy

Жыл бұрын

Ive to avoid giving specific buy/sell advice. What can be pointed out though are your two logistics reits may be too similar

@ZzPowerKingzZ

Жыл бұрын

@@joshconsultancy Hahaha yeah! I noticed that when you talked about overallocation. I just dk how to compare reits of similar sector, maybe that can be your new video idea! Its confusing because it don't seem right to compare purely gross revenue as larger reits wld definitely have higher revenue, but may not be good. Im looking for smth like best pound for pound reit

@joshconsultancy

Жыл бұрын

@@ZzPowerKingzZ the best pound for pound idea is what we are all looking for. Pound for pound could include sponsors track record, current price and the property quality. Hence answer of who’s best may be ever changing. Hope it kind of answers 👌🏻

@ZzPowerKingzZ

Жыл бұрын

@@joshconsultancy thanks AstuteParent

suntec valuation is kinda inflated which makes the DPU looks like a steal. not a fan of suntec, unless it becomes cheaper

@joshconsultancy

Жыл бұрын

As in the cap rate used is too low? Valuation doesnt affect DPU btw. impacts NAV

@tomasboba8327

Жыл бұрын

@@joshconsultancy Thank you for correcting Josh! not DPU. i meant price to book. the DPU is attractive nvtheless.

@benk7177

Жыл бұрын

@@tomasboba8327 that's a valid observation since if the pb ratio were to go up while maintaining nav, then the dpu would come down yet yield is already at 5%~6%. Since u can't have the cake and eat it, one of them must be wrong.

Is REITs property loan-free n not affected by rate rising? This additional interest costs look likely to eat into profits n dividends. What’s next will be downwards revaluation.

@joshconsultancy

Жыл бұрын

Fixed loans. Like house mortgage there is fixed and floating packages. Most SREITS what Ive researched into suggest 55-85% fixed debt

@marktn9851

Жыл бұрын

@@joshconsultancy THANKS. Din know commercial property investments also getting fixed interest rates. So with that, plus increasingly rent increments all across, expected yield would thrive!

Hi Josh. Do u have a video on how to evaluate a reit - check which is overvalued/undervalued?

@joshconsultancy

Жыл бұрын

I could do one. But my guess is that topic suits better in a bull market. As of now, the tide has receded. Its easy to make a case that almost all reits are undervalued

@takanna

Жыл бұрын

ur pie chart is very sleek. thanks for the presentation and infographics!!! u didnt pick Capland China Trust. any reason??

But chicken genius says Fed will keep increasing interest rate? With Reits at 50% debt level, PE ratio ard 15, when the Reits fix rate loan readjust, will the dividend drop 40%.?

@joshconsultancy

Жыл бұрын

We are all guessing on "Fed will keep increasing interest rate?". Anyway market pricing is already at 4.75% which means both of us can say fed will keep increasing rates too. Some reits have about 80% of loan fixed for a few years. See it as mortgage loan 3y fixed.

@sydralz

Жыл бұрын

powell has to talk tough to kill the job market, the US economy is already slowing. he is very clear that he will keep increasing rates, but how fast, how high and how long, is really anybody's guess. remember that market is forward looking.. by the time fed pauses, market may have already moved up.. you can choose to wait until then, but yields may have reversed down then.. that's my amateur guess anyway.. as reits market corrected, i have already been buying in, locking in these attractive yields for life.. i don't care if prices drop more in the short term, as long as the reits i hold are good reits.. US 2 year yield hit 5.1+% last thursday but reversed back down strongly.. don't try to time the market.. that's what the most successful investors have taught us.. good luck!

@milo178

Жыл бұрын

@@sydralz yields may not be attractive for life. If fed raise rates to 9%, some Reits may even default in their loans, let alone pay a dividend... And the Reits will be taken over for Pennies on the dollar. History has shown that interest rates will raise higher then inflation and inflation is already at 9%. The war will not end anytime soon. Food prices will continue to inflate. And Saudi is no longer providing US will cheap oil, fueling more inflation. Can someone do an indepth study on how many Reits will fail to pay a dividend when interest rate raise to 5%? And which Reit has the shortest fixed rate loan and is about to be readjusted up?

@sydralz

Жыл бұрын

@@milo178 the last time sg has rates at 5% was in the 90s i believe, and sreits were non existent then. you may be right, rates may even go up to 20% based on history. if your base case is rates going to 9% and hence not comfortable holding reits, then banks, USD and bonds may be better for you (i hold all these too).. i am confident in the fundamentals of the reits in my dividend portfolio and am aware of my investments risks, and have no issue holding them. of course, i am not here to influence your investment decisions. everyone has different risk appetite, and should only invest in assets suitable for themselves. all the best! 🙂

Hi Josh, it would it be great if put the ticker also. Because the naming in broker doesnt seem the same

@davidng2699

Жыл бұрын

Just type out the name of the company in the search box. There should only be one ticker that shows up.

@nexmato

Жыл бұрын

@@davidng2699 between tiger brokers and ibkr the name is not consistent.

@joshconsultancy

Жыл бұрын

Ticker should be the same coz listing is same as SGX. Is it an OTC you're seeing on ibkr?

Thanks for all the work and insights. Parkway Life will still drop so monitor don’t rush in. Josh if we are looking at dividends why don’t we go with Lippomall, First REIT, EC World etc. Hold it for 1 year get their high dividends, their price will not go down too much and room for appreciation.

@joshconsultancy

Жыл бұрын

Sponsor is very important. The yields are high for these reits for good reasons. Happy with mapletree and capitaland in general

@wgsmaster

Жыл бұрын

Yo. Yeo. Lippomall you say? Check out its dividend history. Consistent capital loss.

@takanna

Жыл бұрын

Agreed. sponsor for these that u mentioned - poor alignment of interest w shareholders. Josh mentioned before. DONT JUST look at div yield when u buy. quality of sponsor is extremely important!

Ascott is a business trust, not a reit. All of the hospitality reits were business trusts.

@joshconsultancy

Жыл бұрын

Hi whis think raised before this question. Reits are a subset of biz trust. Focus on tax transparency and voting of manager

Festival Walk is a bad investment!

@joshconsultancy

9 ай бұрын

Not doing well yet I’m aware

Hahhaha if i have 100k i will just throw into t bills le... 4% no risk vs 5% with market risk... Abit bohua😂 hahaha but thanks for the wonderful explanation josh!

@joshconsultancy

Жыл бұрын

Oh my, this T-bills thing and no Need to invest is going to come out for quite awhile 😅

@music3479

Жыл бұрын

@@joshconsultancy Please make a video on t bills! Would love to hear your views hahaha

@joshconsultancy

Жыл бұрын

@@music3479 Ive the answer here for you, may not be what you're expecting 😅 Why I'm Not Buying Any Fixed Deposits And Treasury Bills (T-Bills) ... kzread.info/dash/bejne/o3eC3I-snrreoqw.html

@ardeemaq2114

Жыл бұрын

Only Got 1 out of 5. MPACT 🤓

@joshconsultancy

Жыл бұрын

@@ardeemaq2114 You bought pre-merger or recently?

Hi Josh, MNACT merger is very deliberate. I was happy holding onto vivocity - even if it’s a 1 property reit. Anyway, considering the rising interest environment, are you thinking interest won’t exceed the yield of this portfolio (5.6%)? And how much % over the risk free rate would you think justify equity risks?

@joshconsultancy

Жыл бұрын

Risk free wont exceed the yield of portfolio. if it keeps rising of course the portfolio will likely continue to sell down. BUT what we are buying as investors is the future. The crowd is getting stuck in present perception of risk free and extrapolating indefinitely. Hope it clarifies =)

I don't like Suntec with a lot of assets in UK. Time will be hard ahead for UK as they have been pointed out as the one who blow up Nord steam pipeline. North Ireland going to be independent and break up from UK.

@joshconsultancy

Жыл бұрын

I can accept this pov no probs

Ascendas reits?

@joshconsultancy

Жыл бұрын

Oh yes. Overlaps abut with MIT too :)

@erasmus5812

Жыл бұрын

How about ascendas India?

@joshconsultancy

Жыл бұрын

@@erasmus5812 I bought into their story when they first listed. But when crisis hit, I realized I really dunno what’s going on the ground which is a niche sector. Hence over time, I’ve prioritized other opportunities. Hope it answers 👌🏻

Very strange that most KZread videos don't recommend capitaland REITs instead they do mapletree

@joshconsultancy

Жыл бұрын

Capitaland ascott trust!! =) I'm ok with either as good sponsors. There were some data before current CEO, that mapletree outperformed capitaland

How to have $100k in REITs tomorrow? Put $150k today.😂 Risk free interest rate now is the key driver of REITs valuation.

@joshconsultancy

Жыл бұрын

Eh Alvin, Dont extrapolate the bad conditions indefinitely le 🤣

@SgAlvinOng

Жыл бұрын

@@joshconsultancy REITs is somewhat a hybrid of bonds and equity. But since rent can only go up when lease expire it will take time for REITs to adjust. In the meantime between now till rental rate adjustment REITs will likely act more like bonds. And bonds is just sensitive to interest rates. Once interest rates stops increasing (which Powell said is too premature to discuss) then REITs will likely go back up in value.

@joshconsultancy

Жыл бұрын

Rental revision can swing also. Some of the malls, big cuts during covid and big turnover. Now revisions are still 5-10% up

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do not buy reits, keep in bank better till first half of 2023 ;) hahaha

@joshconsultancy

Жыл бұрын

Some will view this video in 2023 =)

Lendlease Reit leh . Jem is popular

@joshconsultancy

Жыл бұрын

Jem is popular true. Check TOP Office REIT & Hospitality Reit In 2022! 💥 Updates On Lendlease Global Commercial Trust & Ascott. Acquisition wasnt cheap kzread.info/dash/bejne/ZJ1k1M5mmM_Yo7w.html