Saturday, 28 December 2019

Dec 19 Portfolio update and Achieved 2019 Target of $31,000


For year 2019 I have achieved my target set here , dividend + realised gain is around $45,000.

Since my last post,
I had reduced my holding in FLT to lock some profit, disposed Fortune REIT, FCOT, MNACT and IREIT. From those capital I channeled into  CRCT, EC World, AREIT, KORE, Manulife, AIMS Reit and Landlease.

Following is my current portfolio based on market value percentage


StockAllocation
First REIT38.38%
FLT16.70%
CRCT11.75%
AIMS Reit10.08%
AREIT7.08%
EC World5.40%
Manulife2.61%
KepPac2.51%
Landlease2.00%
PropNext1.25%
Apac Reality1.18%
IReit Global1.07%



My current portfolio currently only yield around $29,000 in dividend and I intend to set next year target to have gain of $33,000 to $34,000 as per my plan toward for my passive income to cover my basic expenses in 5 years time. This will required at least $80,000 to $90,000 cash injection by aiming stock with 6% yield. I need to see if there is any opportunity to add to my current holding to increase my passive income from dividend. I am intending to add Bank and other non-reit dividend stock into my portfolio.

For my brick and mortar investment i have fully paid the loan and for my new venture, the 1st ship will be ready in Jan to start operation and any profit from it will be channel to the 2nd ship.

With this all set in place, hopefully i will have more war chest to start to build my dividend portfolio again.

Happy New Year 2020 for everyone and hope moving ahead be better year for everyone ^_^.

Saturday, 10 August 2019

IREIT Q2FY19 Review

It has been almost a year since I last review IREIT result, I feel Q2 result for IREIT is positive as the manager bring a few positive results which summaries below

Munster South Building,

One of vacant floor since April 2017, finally the manager has manage to lease out with 8.5 years commencing 1 July 201. This will bring additional income and support to maintain current dividend.

Finance Cost

The finance cost has come down due to refinancing at the lower interest rate from 2% to 1.5% which bring additional income to the dividend as stated by the manager

"Income available for distribution increased by 3.3% YoY due mainly to lower finance
expenses post refinancing of borrowings in Feb 2019"





Lease

The lease profile has been extended from 4.2 years to 4.6 years with majority lease expire will start from FY2022 which give assurance to me for the dividend for another 2.5 years from now. 




CDL

With CDL come into the picture, I am looking forward for IReit to growth their portfolio to diversify their income which currently derived majority from their 2 key tenants.


Key Risk 

Tenant concentration

GMG (52.3%) a key tenant for 3 out of 5 properties and  Deutsche Rentenversicherung Bund (34.2%) a key tenant for Berlin Campus


Forex

Currency can be either good or bad for me, this is a natural risk I can't avoid as they operated outside Singapore. 

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