HK REITS

[soros]

Posting the price of reit shares a quarterly intervals , everyone can see there is average yield of about 6 % which means the reits are good for income seekers.

But as a group, the share prices do not show any substantial increase to attract investors looking for capital gains growth .

[soros]

Closing prices on 29th Dec 2017 :

00405.HK - Yuexiu Reit $5.12 yld 6.38 %
00435.HK - Sunlight Reit $5.36 yld 6.16 %
00778.HK - Fortune Reit $9.66 yld 5.10 %
00808.HK - Prosperity Reit $3.34 yld 5.32 %
00823.HK – Link Reit $72.45 yld 3.15 %
01881.HK - Regal Reit $2.40 yld 6.42 %
01270.HK - Langham-SS $3.42 yld 7.46%
01275.HK - New Cent Reit $2.37 yld 7.78 %
02778.HK - Champion Reit $5.73 yld 4.00 %
87001.HK - Hui Xian Reit Y 3.15 yld 8.74 %.
01426.HK - Spring Reit $3.40 yld 6.76 %

Average yield = 6.11%

[soros]

Closing Prices on 30 March 2012

00435.HK - Sunlight Reit $2.39 yld 7.36%
02778.HK - Champion Reit $3.29 yld 6.81%
00808.HK - Prosperity Reit $1.84 yld 6.59%
00405.HK - Yuexui Reit $4.03 yld 6.58%
00778.HK - Fortune Reit $4.14 yld 6.35%
01881.HK - Regal Reit $1.96 yld 6.12%
00823.HK - Link Reit $28.9 yld 3.82%

Closing prices on 29 March 2018

00435.HK - Sunlight Reit $5.33 yld 6.19 %
02778.HK - Champion Reit $5.59 yld 4.34%
00808.HK - Prosperity Reit $3.27 yld 5.44%
00405.HK - Yuexui Reit $5.44 yld 6.13%
00778.HK - Fortune Reit $9.51 yld 5.34%
01881.HK - Regal Reit $2.40 yld 6.42%
00823.HK - Link Reit $67.00 yld 3.41 %

Capital increase on investment since 30 March 2012 :

Link Reit = $67.00 /$28.9 = 2.318
Fortune Reit = $9.51/$4.14 = 2.29
Sunlight Reit = $5.33/$2.39 = 2.23
Champion Reit = $5.59 /$3.29 = 1.69
Prosperity Reit = $3.27/$1.84 = 1.77
Yuexui Reit = $5.44/$4.03 = 1.31
Regal Reit = $2.40/$1.96 = 1.22

The best performer has been the Link Reit ( 00823.HK) which listed at around $9.50 in 2006 and paid dividend of $0.67 in YE 2007. Link Reit has a portfolio of Shopping Malls ( originally from Government Housing estates.).
Now in 2017 , the Link Reit share price has risen to around $65-70 level and dividend paid risen to $2.30 approx.

Whereas if you had been successful to get one lot in the IPO for Regal Reit ( 01881.HK) , the share price is still under the IPO listing price . Regal Reit has a portfolio of Regal hotels located in Hong Kong.

[soros]

Closing prices on 29th Jun 2018 :

00405.HK - Yuexiu Reit $5.27 yld 6.33 %
00435.HK - Sunlight Reit $5.42 yld 6.09 %
00778.HK - Fortune Reit $9.22 yld 5.51 %
00808.HK - Prosperity Reit $3.18 yld 5.60 %
00823.HK – Link Reit $71.65 yld 3.49 %
01881.HK - Regal Reit $2.30 yld 6.30 %
01270.HK - Langham-SS $3.22 yld 6.65%
01275.HK - New Cent Reit $2.18 yld 7.51 %
02778.HK - Champion Reit $5.21 yld 4.66 %
87001.HK - Hui Xian Reit Y 3.19 yld 8.40 %.
01426.HK - Spring Reit $3.33 yld 6.34 %

Average yield = 6.08%

[soros]

Closing prices on 28th Sept 2018 :

00405.HK - Yuexiu Reit $5.13 yld 6.50 %
00435.HK - Sunlight Reit $5.26 yld 5.04 %
00778.HK - Fortune Reit $9.29 yld 5.47 %
00808.HK - Prosperity Reit $3.04 yld 5.86 %
00823.HK – Link Reit $77.05 yld 3.24 %
01881.HK - Regal Reit $2.23 yld 6.50 %
01270.HK - Langham-SS $2.89 yld 7.4 %
01275.HK - New Cent Reit $1.82 yld 8.99 %
02778.HK - Champion Reit $5.48 yld 4.43 %
87001.HK - Hui Xian Reit Y 3.15 yld 8.51 %.
01426.HK - Spring Reit $4.03 yld 5.24 %

Average yield = 6.107%

Note : Spring Reit ( 01426.HK ) has announced receiving a general offer at higher price .

[Gaudente]

Note :  Spring Reit  ( 01426.HK ) has   announced receiving a general  offer  at higher price .

HK$ 4.85 

http://infopub.sgx.com/FileOpen/Announce...eID=528355

[soros]

Hi Gaudente ,

Yes , todays scmp newspaper show advert by UBS informing of offer at $4.85 for Spring Reit shares on behalf of RE Strategic Investments Ltd.

Your weblink refers to Vibrant and Sabana Reit . So it is not related to Spring Reit offer ???

[soros]

Closing prices on 31 Dec 2018 ( and 29 Dec 2017) :

00405.HK - Yuexiu Reit $5.02 yld 6.64 %    ( $5.12)
00435.HK - Sunlight Reit $5.02 yld 5.28 %    ($5.36)
00778.HK - Fortune Reit $8.99 yld 5.65 %    ($9.66)
00808.HK - Prosperity Reit $3.00 yld 5.93 % ( $3.34 )
00823.HK – Link Reit $79.30 yld 3.15 %       ($72.45 )
01881.HK - Regal Reit $2.23 yld 6.50 %       ( $2.40 )
01270.HK - Langham-SS $2.90 yld 7.38%    ( $ 3.42 )
01275.HK - New Cent Reit $1.72 yld 9.51 % ( $2.37 )
02778.HK - Champion Reit $5.36 yld 4.53 % ( $5.73)
87001.HK - Hui Xian Reit Y 3.19 yld 8.40 %.  ( Y3.15)
01426.HK - Spring Reit $3.46 yld 6.10 %      ( $3.40 )

Average yield = 6.3%

Above prices amended from 28 Dec to 31st Dec 2018

[stam]

which REIT is a good choice in the list?

[noobinvestors]

Just written a discussion about Yuexiu and Huixian.  A beginner investor only.  Just for sharing. 

https://writingofinvestingnoob.com/2018/12/31/yuexiu-and-huixi…retail-and-hotel/

Both would provide good diversification to Noob’s current REIT portfolio, Huixian seems to provide a higher margin of safety for its combination of (a) high yield (b) super low net leverage with very high cash balance © asset exposure in office, hotel and retail (d) very high profile sponsor and shareholders ( e) blue-chip level market cap (f) stable share price and (g) very low PB. I can not see why Huixian REIT is not an good choice to put money in except its inherent RMB exposure.  In STI, I can not find a REIT with a combination of big cap, low gearing and high yield. So I will find opportunity to get some exposure in that. As for Yuexiu REIT, I will require for a higher margin of safety to start a position.