Liquidated my entire holdings in Ascott REIT, Sabana REIT and Cross Timbers Royalty Trust since they have all appreciated. Most of them were sold for a profit though I have held on to some for a few years while others were just bought recently.
- Ascott REIT sold 15 lots at $1.415
- Sabana REIT sold 2 lots at $1.18
- Cross TImbers Royalty Trust sold 100 shares at US$30.789
My sense is that the REIT market in Singapore is already fairly valued and there are perhaps little opportunities for further increase. I could be wrong but thought it will be better to sit on some cash and await further opportunities.
you may be wrong because this is a bull cycle
ReplyDeleteMight be true it is a bull run. But I think that Ascott REIT is fairly valued. Anyway, the price usually runs up before distributions are announced so I sold to lock in some profits. Not saying that I will stay away from it. If the price is right, I might enter into Ascott REIT again.
ReplyDeleteAnyway, here is the updated news for Ascott REIT's distribtuions:
Ascott Residence Trust reports a nine per cent increase in distribution per unit (DPU) to two cents for Q4 2012, compared to the previous year.
For the full year, DPU is 8.76 cents, representing a 6.4 per cent yield.
Unit-holders distribution for the fourth quarter also increased 10 per cent to nearly S$23 million compared to a year ago.