This is the first time I am blogging about income received from S-REITs in the first quarter of the year. So, what did I do in the S-REITs space in 1Q 2016?
The last time I did anything was in December 2015 when I added to my position in Soilbuild REIT at 73c a unit which I thought was a fair price to pay.
In 1Q 2016, I received income from the following S-REITs:
1. AIMS AMP Capital Ind. REIT
2. First REIT
3. Saizen REIT
5. Suntec REIT
7. Cambridge Ind. Trust
8. Cache Logistics Trust
9. Sabana REIT
12. Soilbuild REIT
Total received in 1Q 2016:
This is really due to a bumper payout from Saizen REIT which will not be repeated.
Am I pleased that my patience has been rewarded or am I sad that I will no longer be receiving a regular income from a portfolio of freehold residential properties in Japan?
Well, a bit of both, really.
Yes, I have mixed feelings.
Now, what am I going to do with the money that came in?
Start a few fixed deposits. I know that a 9 months fixed deposit at CIMB will pay 1.8% per annum and a 12 months fixed deposit in BOC will pay 1.9% per annum. UOB is offering 1.7% per annum for a 13 months fixed deposit. Yes, I know.
To fellow shareholders of Saizen REIT who are wondering what to do with the money, although it is important to have a war chest ready, remember to reduce the cost of holding cash while waiting for the next investment opportunity to come along.
Congratulations and good luck!
1. 2015 full year income from S-REITs.
2. A lesson on the right prices and luck.