The portfolio saw no additions or selling down of entire stakes.
With the changes in Singapore's REIT regulations, I had added PRIME US REIT (due to the larger buffer it has now), YZJFH was another addition.
Dividend Are Coming In From US and HK REITs
As I have said often, yields provided by overseas REITs are excellent. Utdhampshire and LINK REIT provides 8.5% and 7.5% dividend return respectively. The upside is that with inbuilt rental escalations for their leases and a low leverage ratio, both REITs are likely to increase their dividend over the next few years. Superb investments which will best any property investment in Singapore.
PRIME US REIT (an addition this week) is a prime candidate to increase its dividend. This is due to the larger buffer it has gained and with Washington Building regaining rental income, its ICR should be large enough to reinstate some dividend.
Asia Pay TV Trust while it does give a 13% dividend yield; in my view will not increase its dividend due to a crushing debt and slowing business. The key is the status of its debt renewal in June 2025.
Given the above though, my likely next addition should be Asia Pay TV Trust because it has a major financial event, the renewal of the debt in 2025. A renewal would boost share prices and a failure means the inverse. However, I am optimistic a renewal in debt would be completed due to its cashflow ability.
Expected Dividend for 2025- $35,000
Forecast of an annual $35,000 dividend still remains. Starting from next year, each quarter I will be logging the dividends received.
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