Following up from my post on REITs here on 20 Aug 2023, where I had named three REITs that I would look to add positions to, and I had managed to buy into them since then, namely:
Frasers Logistics & Commercial Trust (FLCT) (21 Aug 2023, SGD 1.16)Paragon REIT (Paragon) (15 Sep 2023, SGD 0.895)Frasers Commercial Trust (FCT) (20 Oct 2023, SGD 2.06)
The prices for FLCT and Paragon had since gone further down, due to the foreseeable sustained level of current interest rates spooking the REIT (and in general property) asset class. It is a heartache but as I had mentioned, it is impossible to catch the bottom and low can go lower. For disclosure, as of 25 Oct 2023, our overall position based on price (no dividends) for FLCT, Paragon and FCT stood at -4.83%, -11.3% and +2.76% respectively.
Two main developments had occurred after
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