I did not do anything substantial to my investments in S-REITs in 4Q 2015. I just collected dividends, mostly.
However, it seems that I would be receiving less income from S-REITs in the not too distant future as Saizen REIT looks likely to be delisted as a firm offer of $1.17 per unit was received from a potential buyer.
Saizen REIT is currently one of my top three investments in S-REITs. Off the top of my head, it contributes to around 20% of my passive income from S-REITs.
So, losing Saizen REIT will greatly impact my income level in future, for sure.
Readers who have been following my blog since its inception in 2009 will remember that I was, back then, already a strong proponent of investing in Saizen REIT for income (and for its very cheap valuation).
Needless to say, I ate quite a bit of my own pudding.
So, I have grown somewhat attached to Saizen REIT after so many years. It is like having a good son who has been giving me regular and meaningful pocket money.
Now, this good son is going to give me a lump sum payment which is not a bad thing either but on the condition that there will be no more pocket money in future.
I just have to make sure that I remain financially prudent, I guess. Of course, there is no guarantee of this. Stress...
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Did I do anything at all in the S-REIT space?
I did increase my exposure to Soilbuild REIT by about 15%, taking advantage of the weakness in its unit price. I was waiting to see if Mr. Market would sell to me at an even lower price than 73c a unit but it didn't happen. Not for me, anyway.
However, 73c a unit was a fairly good deal and it is still lower price than the additional investment I made in the REIT back in August when stock prices plunged badly. That was 75c, if I remember correctly.
Including Q4's income distributions from my investments in S-REITs, my 2015 full year income from S-REITs is: S$90,344.81
This works out to be about S$7,528.00 a month.
I will be blogging about my investments in non-REITs next week. If you are interested, look out for it.
1. Saizen REIT: A firm offer.
2. Soilbuild REIT: A nibble.
3. 9M 2015 income from S-REITs.