Have added a small amount of Starhill Global REIT that is traded on the SGX into my portfolio. Bought them at 82.5 cents. This is just part of my diversification strategy as I have found my REITs holdings to be heavily weighted towards one single REIT.
Starhill Global REIT owns various retail/office properties in Singapore, Malaysia, Australia, China and Japan. Its distribution yield is slightly over 5% and various analysts have chosen it as one of their top picks with a target price of around 85 cents. I am also expecting the REIT to pay out its distributions in Feb or Mar 2013.
For newbie investors, S-REITs have actually risen quite a fair bit over the year and now trade at a premium to book value. For quite a long time, S-REITs have been trading at a discount to book value. Most analysts are perhaps NEUTRAL on S-REITs right now given how much they have appreciated over the past one year.
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