Author: REIT-TIREMENT

Take Survey and Earn Money ? Here are 5 Paid Survey Sites for Singapore

There are many paid survey sites but not many offer survey decent amount of opportunities in Singapore. Some sites also offer other ways to earn like downloading apps/games, watching video, clicking ads, signing up for website and etc. As most sites offer cash out to Paypal, so do sign up for Paypal account and verify it before you start any survey. I would advise to take survey using PC instead of smartphone, as some surveys require PC to start. Below are 5 sites which I’ve tested and found decent amount of surveys being offered in Singapore. 1) SurveytimeMost simple...

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Retail+Office Hybrid SREITs – Mapletree(s) VS Suntec

3rd quarter SREITs result announcement soon will be started with SPH REIT, you could refer SREITs Result Date page to track all SREITs result annoucement date. For this post ,I would like to do 1 more round of SREITs comparison for Retail+Office Hybrid sector, up to 2nd quarter result. Pug Owl Hybrid There are 6 SREITs below that get income from both retail and office sectors.1) Mapletree Commercial Trust (Majority Office; Retail 46%)2) Mapletree North Asia Commercial Trust (Majority Retail; Office 40%)3) Suntec REIT (Majority Office; Retail 29%)4) Capitaland Commercial Trust  (Majority Office; Retail 14%)5) OUE Commercial Trust (Majority...

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Healthcare SREITs – Parkway Life REIT vs First REIT

Previous post we compare Logistics SREITs, this time we would compare Healthcare REITs. As this moment, there are only 2 healthcare SREITS which are Parkway Life REIT and First REIT, very limited choices. In my view, investors are more lean towards Parkway for its increasing DPU and share price as well as 3 renown hospital properties in Singapore. As for First REIT, investors are concern about its sponsor and near term expiring lease which post a risk of renewal with Indonesia Rupiah currency rental or lower rental rate. Refer below comparison, as per 30th June 2019 Result:Items Unit First...

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Are Logistics SREIT Still Value for Money Now ?

Been awhile since last post, no excuse this time, purely lazy. Though I have not been posting, I am still updating both SREITs data and SREITs results date pages. Today, I would like to post something about logistics SREIT. Feeling lazy A lot of time, it is difficult to differentiate between logistics and industrial properties. Generally, logistics properties are refer to warehouses and distribution centres. On the other hand, industrial properties refer to properties which could be used for manufacture, office, trading or warehousing. For this post I will only cover SREITs with at least 35% income from its logistics...

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REITs Valuation

Previously, I shared about Quantifying REITs Fundamental, which we analyze REIT as a whole and come out a factor value, instead of using common filtering method for REITs selection. For this post, let’s explore how can we make use of those factors for REITs Valuation. Before we start, let’s go through again some common methods for REITs valuation:i) Reversion to Mean Approach– This is a concept in which stock price would move back to its long term average price, over time. Instead of solely look at “price”, investors look at metrics like historical P/NAV, historical dividend yield or historical...

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Quantifying REITs Fundamental

Following previous posts on “How to DIY a REITs Data Collection Spreadsheet” and “How to Come Out a Basic REITs Analysis Summary“, this time let’s see how can we make use of those figures for REIT selection. Some people and paid course provider would have their own checklist for filtering REITs based on criteria, e.g. gearing < 35% or interest cover ratio > 4 times, etc. You could refer following sites for examples:1) The Morley Fool – REIT Investing Made Simple: A Checklist to Pick Out the Best REITs2) Lazy Singaporean – How to evaluate and value REITs3) ZUU Online...

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Healthy Habits for Credit Card Users

Previously, I’ve share about A New Tool to Maximize Cashback & Miles, which is about a new website call Whatcard.sg which you could key in merchants that you always buy from, and find out which credit cards offer cashback or miles. I believe everyone love cashback or miles from credit cards, however, credit card is a double edge sword, if you are not careful enough, you would end up in debts before you knowing it. For this post, let us explore some healthy credit cards habits. Use credit card to you advantage; not to you demise 1) Check Your...

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Sell HDB and Buy a Condo or Two ?

Not too long ago, one property agent came to my house doorstep and offered to assess my family financial situation. I was thinking, what is my family financial situation got to do with a property agent? After I asked further, he explained that through his assessment, maybe we are “able” to afford condo instead of staying in HDB. He mentioned that he helped a lot of clients to realize their dream for owning multiple condominiums in Singapore. He only needed a little bit of our time to discuss and “help” us. And of course, he wouldn’t share detail unless...

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A New Tool to Maximize Cashback & Miles

When I’ve just graduated and started my first work, I am not eligible for credit card application due to annual income less than $ 30,000. Back then, it was 11 years ago, $30,000 income per annum was a challenge for fresh graduates, but as of today, it is not considered a high income. I am quite surprise that most banks do not adjust their income eligibility to match the inflation and salary increase in Singapore. For my first credit card, I had to surf through individual credit card websites to look for its benefits, which is very tedious and...

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Added SREITs Data Page and Revamped Blog Design

It has been 2 months since my last post in May, due to my work. Recently, I finally get to have some times to revamp blog design. Thanks to the guidance from K C from 30 Year Old Investor Blog, I have learnt how to download a template and modify basic html to make the blog to what you seeing now. Also thanks to readers who have been patiently waiting for my blog updates For those who are blogging with blogger or interested to start blogging with blogger, you could visit Gooyabi Templates and download templates for your blog....

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How to Come Out a Basic REITs Analysis Summary

After previous post about data collection, now I would like to share out how to use those data to generate a Basic REITs Analysis Summary through Google Spreadsheets. I will use 3 REITs examples, which are SPH REIT from previous post, First REIT and Ascott Residence Trust. This summary would require consolidation of a few google spreadsheets that I have shared previously. Below are the post of spreadsheets used, I would suggest you to go through first before you continue this post:i) How to Create Your Own Basic REITs Screenerii) Relative Valuation for REITs.iii) How to DIY a REITs Data Collection Spreadsheet...

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Consolidation of SREIT Related Sites

When I start investing in SREITs, I could not find a place that consolidates all the SREITs related sites. Even today, I still could not find such site. I believe this is frustration that REIT investors are facing. Now, instead of waiting, I have decided to consolidate one. Since a lot of sites cover topics more than REITs, I would consolidate based on the following criteria:i) Have a dedicate “REIT” page to link with REIT postsii) Contain at least 5 REIT postsiii) Latest REIT post is within 6 months Sites:1) Dollars and Sense – REITs2) Financial Horse – REIT &...

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How to DIY a REITs Data Collection Spreadsheet

A journey of a thousand miles begins with a single step, looking back, I have posted for total 12 topics about REITs, which you could find in REITs Investing page on top section of my blog. And now maybe is time to consolidate all ideas and put in action for data collection. Idea + Action = Result Before we start, let’s summarize what data to be collected:i) Debt Profile of REITs– Gearing– Interest Cover Ratio– Cost of Debt– Fixed Debt %– Unsecured Debt %– Weighted Average Debt Maturity– Highest % of Debt Maturity in Same Year ii) Lease Profile of REITS–...

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Growth Information of REITs

Often for growth profile of REITs, we look at both DPU growth and NAV growth, but are there any other metrics growth that we could look into from Basic Financial Metrics of REITs and Uncommon Financial Metrics of REITs ? Today, let’s try to explore this.1) DPU GrowthREITs could increase its DPU through organic growth or inorganic growth. Organic growth means growth without acquisition of properties, could be through positive rental reversion, increase occupancy, increase REVPAU, AEI (Asset Enhancement Initiative), etc. Inorganic growth is growth either through acquisition or development of properties. Below is list of top 5 REITs that have most...

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Relative Valuation for REITs

Relative Valuation is a method to compare a companies value to other companies by using multiples. One of the popular relative valuation multiples is price to earning ratio (P/E ratio). However, P/E ratio is not applicable to REITs as its assets are heavily in investment properties and revaluation would skew the earning. For REITs, commonly investor would apply the concept of reversion to mean to relative valuation multiples like P/NAV, yield or yield spread (introduced by ProButtefly). There are a few sites that you could refer for detail:1) Invest For Yourself – CapitaLand Retail China, my latest target!2) My Stock Investing – Singapore...

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