Another great video, Josh. Agreed on avoiding US office reits. The very low physical occupancy could be a long term trend, reason why i even avoid office reits in SG. I stick to industrial, logistics and healthcare reits only. Keep up the excellent work.
Thanks Kurt. SG office reits are climbing in rent and occupancy rate. The work back in office is at least 3/5days from what I hear on the ground, no? =)
Houses are larger in America than in Singapore. So many prefer to WFH. Plus now many tech companies are letting go of their workers. Difficult times for USA office reits. Invested in Keppel Oak Pacific. Hopefully can recover
US office reentry levels reached a post-pandemic high in the second half of September following Labor Day, and remote work is showing signs of losing momentum as the labor market tightens. As the prospects for a more widespread return to office increase, this should help to counterbalance companies that are slowing their growth plans.
The share price at the moment factored in office return rate. S-REITs experienced an average 30% value adjustment. Due to the office-return rate, US office REITs fell further. You should now take into account additional elements including the global economy, forex risk, asset geographic allocation, and energy pricing if you wish to invest in specific REITs.
Hi Ler Wah, Ive to avoid giving buy/sell advice. While what I presented was gloomy on the US offices situation, no one knows where the share prices will head to next
I bought some of the US office REITs. I think the fear is overblown. Actually even a grocery landlord Us REIT has fallen alot ie United Hampshire. Mayb u can review that
Hi John, that question is too broad. Different reits are in different sectors and experience different dynamics. For example in the sequel, id cover parkway life reit which is healthcare and recession proof. But why has share price sold down? Stay tuned...
People frequently attempt to connect REIT performance to the most recent bear market. Unless you are old enough to remember the 1980 high inflation and prolonged recession. Operators of REITs may encounter dire circumstances.
@@johntan2582Since December 2021, I have started diminishing my position. My plan is to gradually turn around if the company's financial results satisfy my expectations.
@@tomchoo3799 I think the expectation is that rental rates increase accordingly in an inflationary environment. Some coys might fold within a REIT's portfolio but obviously not all.
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Another great video, Josh. Agreed on avoiding US office reits. The very low physical occupancy could be a long term trend, reason why i even avoid office reits in SG. I stick to industrial, logistics and healthcare reits only. Keep up the excellent work.
Thanks Kurt. SG office reits are climbing in rent and occupancy rate. The work back in office is at least 3/5days from what I hear on the ground, no? =)
Hi Josh, can you do a video on Mapletree Industrial Trust Q3 earnings? Thank you.
In the pipelines.. will dive into it after I finish my meetings for the week. Stay tuned =)
Hi Josh, China banks are also having 10% dividend yield. Would love u see you doing a video covering them.
Hi Chong Yen, think the last point mentioned applies, avoid the lure of high dividend yields. Id be much more comfortable owning SG banks
Houses are larger in America than in Singapore. So many prefer to WFH. Plus now many tech companies are letting go of their workers. Difficult times for USA office reits.
Invested in Keppel Oak Pacific. Hopefully can recover
Noted, all the best. What made u choose Keppel Oak vs Manulife US or PRIME?
Great analysis Josh!
Thank you for the high praise
Thank you Josh Tan. Great work
Thank you again Jasper =)
US office reentry levels reached a post-pandemic high in the second half of September following Labor Day, and remote work is showing signs of losing momentum as the labor market tightens. As the prospects for a more widespread return to office increase, this should help to counterbalance companies that are slowing their growth plans.
Interesting pov. Do you happen to work in US Tom? I dunno the dynamics well in US. Reinforces sg offices we can see more clearly the trends
@@joshconsultancy In the past. But you can compare return-to-office rate since Jan 2022.
I think offices in sun belt states are doing relatively well, unlike those in NYC.
The share price at the moment factored in office return rate.
S-REITs experienced an average 30% value adjustment.
Due to the office-return rate, US office REITs fell further.
You should now take into account additional elements including the global economy, forex risk, asset geographic allocation, and energy pricing if you wish to invest in specific REITs.
Will manulifereit possible delisted?
No idea. Theres also a possibility it gets acquired
Is Parkway Life REIT dividend too low to be attractive?
I believe so. Stay tuned for the discussion... hopefully tomorrow noon ready =)
So, as a current MANULIFE US REIT holder, should I sell part of my position now?
Hi Ler Wah, Ive to avoid giving buy/sell advice. While what I presented was gloomy on the US offices situation, no one knows where the share prices will head to next
Do you think getting Reits etf is safer than to stock pick the Reits stock?
Yes by virtue of diversification
I bought some of the US office REITs. I think the fear is overblown. Actually even a grocery landlord Us REIT has fallen alot ie United Hampshire. Mayb u can review that
Im skeptical about United Hampshire. Same as my first instinct on Digital core reit. Why list in SG? I'm open to being incorrect on that...
@@joshconsultancy lol yea buy and sell
Thanks.
No probs stephen cya around
Hi a question, if reit a recession proof or will hit badly ?
Hi John, that question is too broad. Different reits are in different sectors and experience different dynamics. For example in the sequel, id cover parkway life reit which is healthcare and recession proof. But why has share price sold down? Stay tuned...
People frequently attempt to connect REIT performance to the most recent bear market.
Unless you are old enough to remember the 1980 high inflation and prolonged recession.
Operators of REITs may encounter dire circumstances.
choosing the right reit as what u saying? Well maybe burnt too much till irrational
@@johntan2582Since December 2021, I have started diminishing my position. My plan is to gradually turn around if the company's financial results satisfy my expectations.
@@tomchoo3799 I think the expectation is that rental rates increase accordingly in an inflationary environment. Some coys might fold within a REIT's portfolio but obviously not all.
SCHD good?
Whats that?
@@joshconsultancy sorry, is SCHD😊 Typo
Schwab US Dividend Equity ETF - many top holdings are also in my top 20 list to invest for 20years. I view it well. #notrecommendation
@@joshconsultancy Thank you very much🙏🏻
Wondering if the U.S. dividends are taxable
not taxable.
What we receive as sg shareholder is 1-tier taxed already at corporate hence we dont pay as retail investors
@@joshconsultancy But the dividends are taxed 30% on US side? Which is why we normally should not invest in US dividends stock?