Time flies. It is time for another quarterly update.
In 1Q 2017, I received income from the following S-REITs:
1. AA REIT
2. First REIT
5. Soilbuild REIT
6. Cache Log Trust
9. Suntec REIT
12. Sabana REIT
My largest investments in the S-REITs universe are still in AA REIT and First REIT. The others are relatively small investments with IREIT and Soilbuild REIT being slightly larger.
In 1Q 2017, I made the following changes to my S-REITs portfolio:
1. Invested in Frasers L&I Trust (FLT).
2. Invested in CapitaRetail China Trust (CRCT).
See: FLT & CRCT added.
3. Took part in Sabana REIT’s rights issue.
4. Invested in Starhill Global REIT (SGR).
5. Added to my investment in IREIT.
Everything remaining equal, I don’t think I will be making new investments or adding to any investment in the S-REITs space. I am pretty comfortable with what I have now.
So, how much income did I receive in 1Q 2017?
This gives me about $7,159.00 a month which is a big reduction from a year ago.
Of course, what is missing is the income distribution from Saizen REIT.
Full year income, although reduced, from S-REITs should still be quite comfortable due to expected contributions from new investments in FLT, CRCT and SGR as well as a larger investment in IREIT.
Regular readers might recall that the quarter also saw some changes in my non-REITs portfolio.
I made the following changes to my non-REITs portfolio:
1. Increased my investment in APTT and then sold it within 2 months.
2. Increased my investment in QAF Limited.
3. Invested in Kingsmen Creatives.
4. Increased my investment in Religare Health Trust.
5. Invested in Centurion.
6. Invested in Guocoland.
Eco World, GuocoLand to hold 27 percent stake each.
Quite a few changes, I must say, and, naturally, my cash position is very much lower now. Off the top of my head, cash is probably at less than 20 percent.
More than 80 percent invested is a big deal to me. It is probably a big deal for any regular retail investor who believes in always having a war chest ready.
Unless Mr Market should throw me prices much lower than the current levels, all else remaining equal, I really wouldn’t be adding.
I received income from the following non-REITs in 1Q 2017:
2. Tai Sin
Total income received from non-REITs, with Croesus Retail Trust being the biggest contributor, in 1Q 2016 is:
This gives me about $4,514 a month.
Together with income received from S-REITs, I suppose 1Q 2017 turned out pretty well.
I get enough to cover all my expenses and more. So, I am able to do voluntary contribution to my CPF account and also put some money in my war chest. Now, back to my game.