Currently, I hold 6 REITs which make up about a quarter of my portfolio. All of them have reported their latest quarter’s results last week and I am at least satisfied with their performances. For this quarter, I am happiest with MNACT, MLT and Plife. They are the most likely candidates that I might redeploy my dividend in the coming months.
Brief on DPU
All companies have presentation slides on their web which you can access by clicking on the link. Hence, I would go into the details and just give my brief views on it.
[average purchased price, % of portfolio]
FCT [$2.06, 6.0%]
I have written about it last week and you can read it here. In short, I am still happy with its performance and expects continue increase in its DPU and continue to hope that Waterway Point will be infuse into its portfolio soon.
Plife [$2.32, 5.4%]
Another good quarter and continues to grow its recurring distribution. This machine continues to move smoothly and I believe it will continue to do so in years to come.
MINT [$2.04, 4.0%]
A flat quarter with lower occupancy but joint venture at US Data Centre is providing some prop-up of its income. Just going to keep the current stake for the moment while continue to monitor how things will morph out in the coming quarters.
MNACT [$1.16, 3.2%]
A solid quarter with DPU up by 3.2%. The newly acquired Japan offices are contributing well to the portfolio. I am quite amazed by the rental revision achieved by its assets. And Festive Walk continues to see an increase in both sales and footfall. Will continue to hold on to my stake and will probably add more.
MLT [$1.32, 3.1%]
DPU up by 3.8% y-o-y after it increased its revenue (up 32.5%) with an enlarged units (up 27.1%). Increase in occupancy and a very well diversified REIT. Holding on to my stake and will probably add more.
MCT [$1.58, 3.1%]
Another stable quarter with DPU up by 1.3%. I have no complain but will probably just hold on to my current stake.