Passive Loss

Introduction  It's no secret that the US Retail REIT comprises the majority of my portfolio. It could even be said that my portfolio IS UHREIT, and I can safely say that this will continue to be the case. If you're a regular reader of my blog, then you may recall in a previous post that I mentioned the fact that I would cut my UHREIT holdings if it reached 0.60 USD per unit . Obviously, that never materialised and instead of shooting up to 0.6, it has recently fallen to 0.44. Hence, in the spirit of doing things in an "opposite" sense, I believe this calls for a time of accumulation, foolish as it may initially seem.  United Hampshire US REIT's Logo (Source: UHREIT's LinkedIn Page ) The headline of UHREIT's 2H DPU drop of 27.9% is  scary . I mean, it's understandable. Living on $60,000 per year of income is extremely different from living on $45,000 per year, so investors are naturally spooked by the seemingly dire results posted by the REIT. However, ...

Author's Notice: Hello everyone! Before I begin this post, I would just like to point out that I recently started a Youtube Channel , rebranding myself as "The Incipient Investor", and have posted a rather comprehensive analysis & valuation of Raffles Medical on there so do check it out if you've missed that! I'll be creating videos to accompany every blog post now moving forward, even this one ! Thanks for the support! To start off this post, I'd just like to say that I know I'm rather late when it comes to analysing my portfolio performance for 2023.  I'd first like to commemorate an important milestone that my portfolio has crossed, which is the 20K figure, only achieving it just recently during the final days of December when equities significantly rallied due to the Federal Reserve singing more dovish tones, resulting in the market starting to price in multiple interest rate cuts starting as early as 2H FY24.  My Portfolio Holdings End of 202...

 Hello everyone! PL here with just a short portfolio update to rid the radio silence of my blog! I'm currently undergoing my vocational training and hence still don't have too much free time to continue writing detailed blog posts regularly. Nevertheless, here are just some updates on my portfolio :) Screenshot of my Tiger Brokers Portfolio Initially, my portfolio had Keppel Corp in 100% weightage, but I took profit on half of the proceedings when Keppel neared the $6.50 range and put the available cash into United Hampshire US REIT, which is a counter I've covered in the past. Overall, the total profit for the account is SGD 1.9k, yielding a forward dividend income of SGD 1.3k per year. I will continue to hold my remaining stake in Keppel as I believe that the current plan to recycle capital into recurring income is coming to fruition quite nicely, potentially cementing Keppel's status as a solid Blue Chip company that will provide me with cash flow for years to come. ...

 It's been a while since I wrote my initial investment thesis on UHREIT, and I think it's about time that I reviewed their recent FY2022 performance and see if it still falls in line with my original idea, albeit I do admit that I'm quite late to the party. Nevertheless, let us delve deep and see how did UHREIT perform! Brief Overview of FY2022 Income Sheet: Source: SGX UHREIT Announcements For simplicity's sake, we will be comparing the financial performance of the REIT on a YoY basis. At a glance, it seems like property expenses have outpaced gross revenue percentage-wise with a 26.4% increase as opposed to 22.2%. Nevertheless, Net Property Income still increased a significant 12.2%, with adjusted distribution per unit (DPU) increasing from 5.35 US cents to 5.85 US cents. You may be wondering why is there a section regarding DPU with Top-Ups and Stipulated Damages. This is due to the absence of income support for UHREIT's Self Storage properties, coupled with the...

As per my first portfolio update ,  United Hampshire US REIT  is currently the smallest holding I have in my portfolio. That doesn't mean my conviction in it is the least though. For those out of the loop, United Hampshire REIT is a retail REIT listed on the SGX Exchange with a trailing yield of a  whopping 10.684%  at its current price of 0.515 USD per unit. This is a drastic decrease from its initial IPO price of 0.80 USD per unit back in March 2020.  So.... what gives? What could have possibly resulted in this heavy decline in share price?  Well, if you haven't noticed, its IPO date of March 2020 coincided with the period when COVID-19 worries began to balloon. This unfortunate timing certainly did not help with its share price, especially when its portfolio mainly consists of US strip malls, which were an asset class that had arguably  the  most potential to be affected by the pandemic, with the possibility of the US government forcing malls t...