Our portfolio increase by 7.24% to $317,607 – $11,311.22 of capital injection and $10,137.30 of capital growth/reduction.
The year started with a BANG and within the first week, our portfolio crossed the next 100k milestone to $300,000.
– Soilbuild Business Space REIT (15,000 units) @ $0.705
Soilbuild Business Space REIT was one of our biggest holdings with 30,000 units. It has been hit with a series of unfortunate events, one after another. Apart from the 2 defaults, the latest bad news is that their property has been revalued down. Based on the latest 4QFY17 results, NAV decreases from $0.72 to $0.64 which meant that it is trading at a premium. DPU decreases by 6.2% YoY even though NPI increases. We are no longer willing to take the risk of capital loss, lower DPU, and uncertainties. Hence, we decided to sell half of it. Selling it before XD means giving up $0.01383 of dividends but we are expecting the …