Sunday, April 10, 2011

MapleTree Commercial Trust IPO Preview (2011)

Sometimes I wonder why I do not have MapleTree Industrial Trust (MIT) and MapleTree Logistics Trust (MLT).  Both of them have a strong sponsor, "MapleTree Investments", which in turn is owned by Temasek Holdings, which in turn is owned by the Singapore government. The yield is decent.  The stock price is affordable. So, what am I waiting for? 

Honestly, I have no idea too. MIT and MLT just do not seem appealing to me. I prefer retail, office and healthcare REITs. I just feel that the demand for retail space, office space and healthcare facilities will always be strong. But "industrial" and "logistics". Ermmm...... I am not sure.

Now, MapleTree is listing a commercial/retail trust called "MapleTree Commercial Trust" (MCT). Some tentative information:

  • Yield: 5.47% - 5.92% (FY11) and 5.96% - 6.46% (FY12)
  • Price: $0.84 - $0.91
  • Properties:  Vivo City, Bank of America Merrill Lynch Harbour Front and PSA Building 

My Thoughts:
Finally! I can own a microscopic tiny part of VivoCity. VivoCity is one of my favourite retail mall because it is so spacious and bright, with a huge variety of stores (I like the Sushi Tei here^^). The scenery looks great from the rooftop garden!



Vivo City's fa├žade


Interior of Vivo City

Rooftop garden at Vivo City

Sushi Tei at Vivo City "Slurp"



The Sentosa Boardwalk links Vivo City to the Resorts World Sentosa.
The monorail also links Vivo City to Sentosa. 

I am probably gonna pick up some. How about you?


Peace Out,
Dividends Warrior

Saturday, April 2, 2011

March 2011 Dividends Portfolio Update


No.
Stock
Lots
Dividends Collected
Average Price
Cost
1
SPH
3
$600.00
$3.71
$11,130.00
2
Starhub
6
$850
$2.27
$13,620.00
3
M1
5
$0.00
$2.290
$11,450.00
4
Singtel
5
$0.00
$2.920
$14,600.00
5
Singapore Post
5
$25.00
$1.156
$5,780.00
6
F & N
1
$0.00
$5.310
$5,310.00
7
Capitamall Trust
3
$349.20
$1.70
$5,100.00
8
UOB KayHian
2
$0.00
$1.67
$3,334.00
9
Suntec REIT
2
$308.72
$1.33
$2,660.00
10
CACHE Logistics Trust
3
$131.14
$0.950
$2,850.00
11
First REIT
8
$26.10
$0.728
$5,824.00
12
Neratel
6
$0.00
$0.393
$2,358.00



Total dividends collected (since Jan 2010)
$2,900.41
Total Invested Capital $84,016
Dividends over Capital (%) 3.45%
Dividends per month $207.17
Cash holdings $10, 200



* Stocks in blue are blue chips (Yeah, I know. Very original)


Review:
I received cash dividends totaling $160.80 in March. 
  1. K-Green Trust: $129.30
  2. CitySpring: $31.50

Finally, the amount of dividends per month crossed the $200 mark. I am glad to be moving in the right direction, albeit at a slow pace. Hoping to reach > $300 per month at the end of the year. From this update onwards, I will be including a new piece of data called "Cash Holdings" as many of my readers requested it. Well, it does make sense since "cash" is also part of my portfolio. In the past, I do not regard cold, hard cash as part of my portfolio. I treated them as "Savings". Yea, I know, I am weird. Silly me. Heeeee....... 
 
The tragic Japanese earthquake in March presented a good opportunity to divest my funds mainly into Singtel and F&N. I feel that my portfolio has strengthened overall. Both stocks have been rising slowly but steadily over the past 2 weeks. Singtel rose from $2.85 to $3.03 and F&N rose from $5.28 to $6.08. 

My losses in K-Green Trust and CitySpring are largely mitigated by the dividends received from them. So, I guess my portfolio consolidation is worthwhile in the long run. 

I have been receiving dividends for January and February. Based on my current portfolio, I realised that I will be getting dividends for EVERY month of the year if the companies maintain their traditional CD dates. Good to know that my cash flow is stable and regular. ^^


Is your portfolio able to generate cash every month (12 times)? Every quarter (4 times)? Bi-annual (2 times)? Annual (1 time)? Please share the cash generating consistency of your portfolio in the comments below. ^^






Peace Out,
Dividends Warrior

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