Why I JUST BOUGHT MORE REITS after selling my HDB flat in 2023...
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I've collected my check from HDB and cash it in. Today I'd be deep diving into Mapletree Pan Asian Commercial Trust MPACT & Mapletree Industrial Trust MIT. I've bought both reits from the sales proceeds recently from my HDB flat sale.
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0:00 Introduction
0:30 Mapletree Pan Asian Commercial Trust MPACT
2:55 Health of MPACT
5:25 Updates in rent
7:45 Mapletree Industrial Trust
9:02 Net property income of MIT
10:51 Health of MIT
11:40 Conclusion
#reits #reit #sgreits #sgproperty #sgpropertyinvestment #dividend
Mapletree Industrial Trust MIT
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
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Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
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I have bought CICT and Mapletree Industrial Trust so far in March. Let's compound them dividends!!!!
Huat Ah! :)
Josh, at what price or avg price did you buy into both the stocks ? Thanks and very insightful as usual.
I removed the price purposefully. Consider the points presented and decide if it fits what you are looking for k. Happy it was insightful
Bro sell all Ur reits n buy semb corp marine..or shld we call it greater keppel semb marine
Hi josh, are u taking on dividend in cash or in their share form
MIT script shares
When people panic, they will sell anything, no matter whether the REIT is good or not, thus when people sell good Reits, I buy, when FOMO kicks in, I sell back to them. A lot of so-called investors were actually gambling in the stock market. Warren Buffett said "Be greedy when others are fearful, be fearful when others are greedy". Also, the only sale that people run out of the store is a stock market sale.
Sgx is different from USA . It is regulated by the govt. U can't short sell in sgx
@@neohengong4358 can. I saw from SG Investor webpage, there were short volume everyday
But i think there were tons of rules regulated by MAS, including the short positions reporting and also covering...it was like a 10 pages report with many examples
You can short via cFD or borrowed scripts
MPACT holder here 🙌
Semb corp buy over keppel oil n marine n it has a combine book order of 18 billion
Thank you for sharing josh.
Mapletree industrial -
1. Are you buying now for long haul, on the interest rates dropping back to normal in 2 yrs time?
2. Do u think the demand of MIT data centre will be irrelevant, with hyperscale data centers? With so many company building data centers how will mit ensure stickiness?
Thank u for reply
Hi Wengkit
1) for long haul yes. Cannot predict interest rates dropping. In anycase real estate business has been around all the while w high interest environment. The managers can still manage debt in a property portfolio
2) whooo, hmmm this I technically cant answer coz Im not in the industry.
Of coz im optimistic but my assumptions could be wrong. But in investments we can take action w incomplete picture
I would have thought that Ascendas made a more compelling case being better diversified and without the Festive Walk property?
Ascendas will be closer to MIT.
Im ok w chinese exposure and want in particular mall assets. MPACT fits and is inexpensive
MPACT, Maples Tree Commerical Trust.
Buyer just exercise option to purchase my commercial pty and would be travelling the same journey like you in 3-4 mth time.
congrats =)
@@joshconsultancy so I feel u when u on that posting. Dividend yield definitely higher than after tax rental & difference is even more in commercial. Pty income is not passive income.
Hi Josh, why didn't consider Mapletree Logistics Trust?
Also good also good
How is mapletree logistic trust doing now?
No idea. I haven’t looked at their latest results
Fed will crash the leveraged vehicles like Reits. When loan matures and need to refinance within 2 years, borrowing rates will be hit 6-7% (debt issuance or bank loan). Recession is coming (very inverted yield curve). Not the right time to enter Reits now. Buy when fed starts cutting rates.
The frequent confusion is reit borrowing cost again short term rates. It it not. If the debt is dated longer the cost is not that high.
Real estate and reits have been arrange w 5% fed funds rates in 2007. The mantra is advocate is to buy anything if it’s cheap enough already, irrespective of rates. Hope it answers
@@joshconsultancy I agree with you. US Federal Reserve will always be adjusting their rates but investing in REITs is a long term strategy (better than buying property in Singapore context). Not all REITs are heavily leveraged and obviously they are not all the same quality. I have been advocating REITs ever since I bought Ascendas IPO shares and added more units and other good REIT counters. Together with the banks, these are very good long term investments.
@@CalvinK300, nice value there.
@@joshconsultancy The cost of borrowing is determined by fed (risk free rate) + credit spread. The credit spread will widen in coming year - if you look at the US CMBS trading at distressed levels. Also people are rushing to redeem Blackrock reits. Not a good time to enter. Got to be a patient investor on cyclical assets
MAPLETREE Industrial Trust’s (MIT) third-largest tenant filed for bankruptcy last week - more coming. Investor should be aware of the increasing risks
good la, interest rate forced to drop.
Over the long term rates will normalize. Just acquiring good quality real estate
Mapletree Pan Asia dropped quite signficantly. Do you still hold it?
Price dropping isnt the reason to sell when investing 👌
Festival walk is still reeling but vivo is doing very well. Give it time to recover.
Why MPCT 😮
Bought CICT instead yesterday 1.83 such a steal!
I like sponsors track record
Dear Josh, mind to share total for trading fee for your investment ? Or you bought these shares in on daily accumulation basis?
Over 2 weeks. Normal trading account to cdp which is $25-$30? I think the ability to hold may be more important to the investment return than the trading cost
MPACT seems to be doing real badly. It's biggest hong kong property is going dead, most of the people in hong kong stop going to festival walk, rental reversion going down. DPU going down as well.
Festival walk is indeed a little disappointing in recovering
Property is a bad bet this year
MPACT price was $1.69 a year vs 1.25 now. MIT $2.32 a year ago vs $2.22 now. This hasn't aged well.
Hopefully in the years ahead it will 👌🏻
Hope your channel an episode get sponsored by Ministry like the Daily Ketchup which has many PAP mp, appearing every now and then
That will be cool :)
@@joshconsultancy Imagine, tax money return as your revenue 😊👍
U shld buy semb corp marine
1y ago - why I bought sembmar reluctantly th-cam.com/video/Q0l2__P-uQA/w-d-xo.html
Semb marine has emerge a black 🐎
Not bad, buy then rise directly 🐮
No la, not celebrating. It may crash next week again. I’m owning it for the long term
I heard you. Bought MPCT at S$1.63 2 days ago. Thanks.
Huat Ah! :)
Why not CICT
Also good. Got to pick one and I think I like MPACT better. I also have suntec alr for mall and office assets
Should I focus on buying 1 good REIT or 2 good REITs for risk diversification?
1 or 2 are both fine actually. The usual prob I see is more than 5 reits owned, then it gets abit loose already
@@joshconsultancy Understand, thanks!
MPACT Pro: VivoCity & Festival Walk & Con: Also VivoCity & Festival Walk due to concentration risk
Suntecs concentrated also. Probably the mitigating step is to not over concentrate holding in portfolio
So now semb corp is a true blue chip. N my prediction is it will go back to $0.80
That’s a stretch
Any regrets now?
Being immediately right would have been nice of course but as Ive taught here, in bear markets, dont lose heart if it still needs time k
I think now is really the time to sell property and buy reits. I could be wrong. No one know if interest rate will continue to 10 or even 15%.
Jai Hinduja. After SVB defaults, interest rate rise will be limited. HSBC gets a real bargain acquiring its UK assets at 1 pound.
Acquisition also takes on liabilities 👌🏻
that's what they said too in 2008. Remember what happened after?
I made a bet with u bro . Ur reits will lose to keppel semb marine...
No need to bet. Investing is for family’s financial freedom. Not to prove a point
There is a global wave of selloff in property stocks. I worry for u
Semb corp today has risen to .11 cents from Monday low of .101
Semb marine sory
It may sound hilarious . But 🐒 god win in this round . Semb corp marine as crazy as it seems have the volume n power to win the world cup
The market is on the verge of ruin. Singapore's salvation must agree to be one of the provinces of Thailand If you don't want to see Troy remake
Josh, my comment kept getting deleted after I posted.
Are those comments with a web link? I’ve preset to prevent spam from adult sites and scams. It could also be key words like crypto
@@joshconsultancy
Haha yes.u r indeed meticulous. Ok my question was on the relatively short lease duration of festival walk (think left 25 yrs) and the weaker outlook for retail scene in HK as reported recently again in ST article titled "Hong Kong loses lustre as retail units go vacant and luxury brands look to China". What's your view and would you be concerned?