Link Reit (listed in HK) released its 1H results recently. Its DPU rose 3.7%.
Better than most SReits:
- Mapletree Pan Asia Commercial Trust (MPACT) DPU dropped 11.6%
- Fraser Centrepoint Trust (FCT) DPU dropped 1%
- CapitaLand Integrated Commercial Trust (CICT) DPU rose 2.5%.
Most SReits have this syndrome of 'overseas acquisitions' to increase their AUM and fees for their reit manager. End of day, their overseas assets under-performed compared to their SG assets. Not sure if this is SREIT's tuition expenses for their lack of competency / knowledge in overseas conditions.
A few weeks ago, I bought FCT at $2.28 using CPF-OA funds*, after a T-bill (bought using CPF-OA funds) matured. Now, it's trading at $2.11. On hindsight, I should be more patient and waited for lower share price. Nonetheless, I will keep the FCT shares, since I am buying it for dividend purpose. As long as FCT's DPU is stable (i.e. did not decline much), I will continue to hold it.
*CPF-OA funds have restrictions in buying shares. It can only buy certain stocks listed in SGX. It cannot be used for buying shares in overseas markets.
I have some T-Bills, that are bought using CPF-OA, maturing in Nov and Dec. After maturing, the funds will be shifted back to CPF-OA (which gives 2.5% interest). They will be my warchest to buy index ETFs, when there is a market crash (i.e. 20% or more drop) in future.
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