Author: A Path to Forever Financial Freedom (3Fs)

Reits Symposium 2019 – A Full Day Reits Event For Investors

Following my previous post on the Reits Symposium, the day has finally arrived for all Reits investors. The event was held on level 4 at the MBS Expo Convention which has a good full house crowd they have been raving about. They give pretty good kits goody bag once you have signed in which includes door gifts and a water bottle, sponsored by Share investor, Money 89.3 and First reit respectively.  The event kicked off with Sgx Ceo, Loh Boon Chye, addressing the full house crowd on how the Reits sector has come a long way since the listing...

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Dividend Income Updates – Q2 FY19

With all the earnings announcement finally done and underway (Netlink was the last to report yesterday), it’s my favorite time of the year where I get to tally the amount of dividends I will be receiving this quarter. Please do note that this 2nd quarter covered the period of the dividend cashflow from the period 1st April 2019 to 30 June 2019. For readers who are new to this blog, this is a sequence of exercise that I’ve been doing for the past few years usually after the earnings season ended.  This tracking not only allows me to keep...

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Genting Singapore Ltd Q1 FY19 Results – Higher Capex & Lower FCF This Quarter

This will be just a quick update on their latest quarterly results since my last article on them which I wrote in March (here) and April (here) recently. Genting Singapore Ltd reported its Q1 FY2019 results yesterday evening which saw topline revenue and gross profit dropped by 5% and 16% respectively to $640m and $289m. Net profit as a result dropped year on year by 5% to $205m, which was arguably their weakest quarter. Whilst the non-gaming business registered its eight consecutive quarter of year on year growth with higher occupancy and higher spend, the gaming business continued to struggle...

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The Stock Market Crashed Today!! Admit If You Shit In The Pants Today

It’s been a while since we last hear of something negative in the markets which sent markets across the globe plunging which most investors have to face in their routine battle against the market.  With the infamous Trump’s Trade Tariffs back with more vengeance this time, this escalation has sent markets across the globe spiralling down and dropped heavily in today’s trading with Dow Futures down as much as -450, SSE down by 5% and STI down by about 3.3%.  The media will always use scary-sounding headlines in order to catch everyone’s attention. Bombarded by negative headlines, investors may...

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Why I Am Delighted With The Revised DBS Multiplier Changes

Savings have been an integral part of our approach towards financial freedom since we started working 12 years ago.  There are many competitive savings accounts in the market that are giving out decent interest rates and meeting various needs of the consumers.  When DBS Multiplier Account was first introduced in 2014, I quickly made the switch to park most of my emergency funds and investment warchest into the account.   Back then, my criteria was simple.  I needed a savings account that can reward me with the best return yet was flexible with the criteria such that I could...

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Manulife Reit Makes An Acquisition of Centerpointe

Barely a few days after Manulife Reit announces their Q1FY19 quarterly results which I covered here, they announces an M&A for two towers of Centerpointe I & II, which is South of Virginia (about 30 minutes from Washington DC). The acquisition of these freehold properties is at the implied cap rate of 7.55% for a Class A commercial, which makes it an easy accretive target deal for them based on their current valuation. The purchase price is $122m, which is about a tenth of their current market cap, so they didn’t really need a lot of funding to buy this. ...

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ARA Hospitality Trust – Preliminary Prospectus IPO

After my previous article on Eagle Hospitality Trust (EHT), this would be another prospecting on a US hospitality trust which is slated to go public upon approval of listing from MAS.  Like EHT, ARA-HT is claiming to be the very first US pure-play hospitality to be listed in SGX. I guess we’ll have to see who has the claim of rights to say this first depending on the timeline they go public.  I’ll try to make this a narrative comparison against EHT as much as possible, so if you have not read the previous article on EHT, I’d recommend...

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Eagle Hospitality Trust – Preliminary Prospectus IPO

Eagle Hospitality Trust (EHT) is currently preparing for their public offering issuance and has lodged their prospectus with MAS. If you want to read their prospectus in detail, you can find them here. If successful, it will be the very first US pure-play hospitality Reit we have in SGX.  It’s interesting to see the various pure play breed choosing to list their Reit vehicle here in Singapore but I guess that’s a clear sentiment of how far the Reits industry have come so far. Hotel’s Portfolio The Reit’s portfolio is valued at US$1.27b which comprises of 18 full service hotels...

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Starhill Global Reit – Q3FY19 Results and Thoughts

Starhill Global Reit posted their Q3FY19 results yesterday evening which saw their revenue and NPI dropped slightly by 0.9% and 1.8% YoY. As a result, this brings a lower income available for distributional from the previous year quarter of $25.4m to $25m, a marginal drop. What is interesting is they decide to retain less for this quarter, citing lesser tax expense for this quarter and as such decided to distribute more payout to shareholders. As such, DPU has marginally increased from 1.09 cents the previous year to 1.10 cents this quarter. Based on the current share price of 75...

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Manulife Reit – Decent Q1FY19 Result Start To The Year

Manulife Reit announced their Q1 FY19 results this morning which saw a 27.7% increase in Net Property Income (NPI) year on year due to the 2018 acquisitions of two buildings – Penn in Washington DC and Phipps in Atlanta.  This trickles down to bottomline DPU performance which grows slightly by 0.7% year on year to 1.51 cents (up 0.01 cent from last year same quarter). If we compare this across quarter on quarter (Q4FY18 vs Q1FY19), NPI has actually slightly declined from US$25,491k in previous quarter to US$25,084k this quarter. There is a slight dip in the Gross Revenue...

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REITs Symposium 2019 – Your Information Guide To Most Reits You Need To Know (Updated)

This is a quick update on my previous post on the upcoming Reits Symposium which will take place on the 18th May 2019 at the Marina Bay Sands Convention Center. Shareinvestor has updated me on the agenda details which includes the interesting panel discussion which includes several veterans from the Reits industry which I think is the more interesting part of the event as you get to hear views right from the horse’s mouth themselves.  There will be 2 panel discussions during the event itself strategically conducted in the afternoon: Panel Discussion 1: Is Reits Still A Viable Investment...

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How Do You React When Your Companies’ Share Price Goes Up or Down?

I received an email from a reader (whose name I’ve concealed) who asked for my opinion on his recent purchase of stock which leads me to write this article.  In the email, he mentioned that he initially bought OCBC at a share price of $11 with the intention of holding it long term. However, as the stock market continues to go up in the past recent weeks, he is now sitting on a decent capital gain over a short period of time, which I assume he did not initially expect, and now faced with a situation if he should...

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What Recently Reminded You of How Fast Time Flies?

Our elder son is turning 5 years old next week which means for both my wife and I we had him by our side for nearly 5 years of our lives now.  For a 5 year old, that is his whole 100% of his life together with us but for my wife and I it is a relatively small portion (5/33) of our life experience which is the reason why time seems to fly past so quickly.  It feels like it was only a while back that he’s still learning how to crawl and walk but in a blink...

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First Reit FY2018 – My Thoughts On The AGM

I had the opportunity to attend the AGM which was held this evening at the Mandarin Orchard Grand Ballroom at 2.30pm. I arrived sometime around 15 minutes and there were already long queues forming for the registration. The AGM was packed and there were a few folks who had to stand when they arrived a bit later. The door gift was a nice running tracker watch, courtesy of the printed First Real Estate Investment Trust. I think this is a similar model when the government distributed it out last year to the citizens during the health board promotion. There...

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