Any bros and sis wana share their insights, opinions on SGX listed REITS?
Let me start, Capitacomm trust still got upside? Sell or hold or add?
Any bros and sis wana share their insights, opinions on SGX listed REITS?
Let me start, Capitacomm trust still got upside? Sell or hold or add?
I am holding quite a fair bit of Capitaland related ones (~100K) and shoring up more since end 2018 before Jewel and Funan completion along with grade A office supply drop. I sold my BeyondMeat for more in FIRST and Sasseur in early May sell off. The ramp up on the blue chip price have been quite aggressive and I ask myself why many times over. They must have seen something I have not. M&A, increased gearing ratio (+5%) and interest rate stagnation are big forces for blue chips REITs.
PB/gearing ratio still look attractive for the smaller caps with attractive >5% yield but of course, they are higher risk due to their cap size. Their perpetual securities risk affects their gearing ratio and rights issue are further reminders.
My 2 cents take is to take another look at the mid caps. I will not discount business trust too like Netlink and VICOM.
All the best!
2 cents,
PropVestor
Nice....i was contemplating when First dipped below $1....didn’t buy any....lol
I am looking at hospitality reits now....any thoughts?