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Sunday, 27 April 2014

Cash - Closing Status 25 April

Collected the following dividends in this week under Cash portfolio :-

$84.20 Suntec Reit

Divested away Croesus Retail Trust 5 lots in this week as part of usual portfolio re-balancing for $52 nett gain.  It has 100% occupancy across all its four retail business properties in Japan.  Around 0.5% of leases are subjected for renewals in year 2014; and 20.5% of leases are for renewals in year 2015.  Each of the properties is strategically locate within its submarket, being directly connected via major transportation nodes.  63.4% of its gross rental income is derived from leases structured as fixed term leases, giving it greater flexibility to adjust rentals and tenant composition, or variable rent, allowing it to share any income upside with its tenants.  It has very high gearing of around 41.8% but at very cheap interest costs. It recently announced the completion of acquisition on two income-producing retail properties in Japan, namely Luz Omori and NIS Wave; which will increase DPU approximately from 7.01 Singapore cents to 7.41 Singapore cents.

Invested into CM Pacific 5 lots in this week under Cash portfolio as part of regular portfolio re-balancing.  For its 1Q2014 financial results, revenue +6% driven by the revenue growth from Yongtaiwen Expressway which accounted for 80% of its revenue.  Profit +14% driven by higher profit contribution from its toll road assets and the recognition of deferred income and effective interest income on compensation receivable from the relocation of certain toll stations along the Guihuang Highway. This was partly offset by higher finance costs and withholding tax and lower exchange gain.
Portfolio walk since previous posting :-

+$7,050 Total Returns as of 17 April

+$84 Dividends from Suntec Reit

+$52 Nett gain on sales of Croesus Retail Trust

-$559 Unrealised positions worsened

+$6,628 Total Returns as of 25 April

Previous posting :- Cash - Closing Status 17 April

Remarks :- Profits locked in to-date $15,031 / year 2014 $3,538

2 comments:

  1. I can see that you are a big fan of REITs.

    Perhaps you may want to diversify your assets, otherwise, you shouldn't term it as portfolio, which can be misleading.

    Regards,
    SG Wealth Builder
    www.sgwealthbuilder.com

    ReplyDelete
    Replies
    1. Perhaps l should use the term Funds and not Portfolio.
      But will l be challenged as Funds is possibly misleading again.
      Perhaps, l should use the term Category?
      Anyways, Thanks for your suggestion.

      Delete

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