IREIT Global SGD    Last:0.22    -0.005

IREIT Global

Dividend Payment for this stock is 15 March right?
I have received dividends from stocks today but this one still not in.
Is it due to Euro currency issue?
 

 

Why don' t you ask their IR?  And let us know their reply. Thanks

Starship      ( Date: 06-Mar-2022 15:28) Posted: Reits are supposed to distribute aat least 90% of income as Dividends. Yet, Ireit Global reported EPS of 12.31 cents Euro for FY2021 but how ccome total dividends only 2.93 cents Euro?

 

Reits are supposed to distribute aat least 90% of income as Dividends.
Yet, Ireit Global reported EPS of 12.31 cents Euro for FY2021 but how ccome total dividends only 2.93 cents Euro?   

 

Ya lor, SGX super screw up and screw up many investors.  The yield also not correct, making IREIT global' s yield dropped from 6.9% to now 4.6% nia.

pasttime      ( Date: 02-Mar-2022 08:02) Posted: sgx information page on company has always got problem when ever the reporting currency is not sgd. for example page is www.sgx.com/securities/equities/{stock code} they could have jsut leave it as reported with reported currency at top and a exchange converison rate used at top. then convert the current price into the reported currency. then the ratio will all be correct. and one do not need to guess the number.  on teh financial statements they could also help by putting at top it is in 000 ot millions. hope they improve soon, before more people acted on their misinformation and face a class action lawsuits.

 

oh I see. SGX' s page for ireit indeed did not include the capital distribution under the ' Dividend' tab. 

whisng      ( Date: 02-Mar-2022 07:46) Posted: I meant the mistake was at their webpage for IREIT global at the tab " Dividends" .  It only showed EUR 0.0052, whereas for the previous it was SGD 0.0229...which was clearly wrong, SGX didn' t include the capital distributions, thus a lot of fools thought now the dividends only EUR 0.0052, but actually there were 2 parts.  But if they read the presentation slides, they will know that the dividends was EUR 0.0151...oh well some people just don' t see the reports and blindly follow SGX webpage mah. https://www.sgx.com/securities/equities/UD1U HVRRVH      ( Date: 01-Mar-2022 22:15) Posted: I don' t think there was any mistake. There were 2 separate announcements on 25.2.22 at 11:51 pm and 11:52 pm regarding dividend and capital distribution respectively. These payouts added up to eur .0151.

 

sgx information page on company has always got problem when ever the reporting currency is not sgd.

for example
page is www.sgx.com/securities/equities/{stock code}

they could have jsut leave it as reported with reported currency at top and a exchange converison rate used at top. then convert the current price into the reported currency. then the ratio will all be correct.
and one do not need to guess the number. 
on teh financial statements they could also help by putting at top it is in 000 ot millions.

hope they improve soon, before more people acted on their misinformation and face a class action lawsuits.



 

 

I meant the mistake was at their webpage for IREIT global at the tab " Dividends" .  It only showed EUR 0.0052, whereas for the previous it was SGD 0.0229...which was clearly wrong, SGX didn' t include the capital distributions, thus a lot of fools thought now the dividends only EUR 0.0052, but actually there were 2 parts.  But if they read the presentation slides, they will know that the dividends was EUR 0.0151...oh well some people just don' t see the reports and blindly follow SGX webpage mah.

https://www.sgx.com/securities/equities/UD1U

HVRRVH      ( Date: 01-Mar-2022 22:15) Posted: I don' t think there was any mistake. There were 2 separate announcements on 25.2.22 at 11:51 pm and 11:52 pm regarding dividend and capital distribution respectively. These payouts added up to eur .0151.

 

I don' t think there was any mistake. There were 2 separate announcements on 25.2.22 at 11:51 pm and 11:52 pm regarding dividend and capital distribution respectively. These payouts added up to eur .0151. 

 

wah wasnt aware sgx is wrong
so those who sold will be pissed then :x

 

The dividend payout shown in SGX website was wrong (EUR 0.0052).  This payout was only the tax exempted portion, the capital portion was not include.  On page 9 and 10 of IREIT global presentation slides, it was clearly shown that the div was EUR 0.0151 (https://links.sgx.com/FileOpen/IREIT%20FY2021%20Results%20Presentation.ashx?App=Announcement& FileID=703994)

Have emailed to SGX ask them to verify.  No wonder so many stupid idiots selling, they thought how come last time was SGD 0.0229 and now only EUR 0.0052 nia.yield dropped to 4.601% ...something wrong sia.

Cannot blame these stupid idiots, cause stupid idiots don' t read company announcements, let alone financial reports or details mah.

 

02/25/2022

NOTICE IS HEREBY GIVEN that the transfer books and register of unitholders of IREIT Global (" IREIT" ) will be closed on 7 March 2022 (the " Record Date" ) in order to determine the rights of holders of IREIT units (the " Unitholders" ) to the IREIT distribution of 1.51 cents per unit for the period from June 30, 2021 to December 31, 2021 (the " Distribution" ), comprising: An exempt income distribution of tax of 0.52 euro cents per unit   and A capital distribution of 0.99 euro cents per unit.  Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with units of the IREIT on the record date will be entitled to the distribution, which will be paid on 15 March 2022.

https://www.zonebourse.com/cours/action/IREIT-GLOBAL-17646737/actualite/IREIT-Global-declare-une-distribution-pour-la-periode-du-30-juin-2021-au-31-decembre-2021-payable-l-39593665/

 

IREIT Global has released its results for the full fiscal year ended December 31, 2021.
For the full year, the company reported revenue of Euro 52.17 million, compared to Euro 37.82 million. euros a year earlier. 
Net profit amounted to 128.49 million euros, compared to 19.72 million euros a year earlier. 
Basic earnings per share from continuing operations amounted to 0.1231 euro, compared to 0.0257 euro the previous year. 
Diluted earnings per share from continuing operations amounted to 0.1231 euro, compared to 0.0257 euro the previous year.

 

IREIT records robust performance for FY2021 results

&bull FY2021 distributable income rose by 25.3% year-on-year on the back of acquisitions &bull Net asset value rose by 14.9% year-on-year to &euro 0.54 per Unit, while aggregate leverage improved to 32.1% as at 31 December 2021 from 34.8% a year ago
&bull Weighted average lease expiry also improved to 3.8 years from 3.5 years a year ago as a result of Manager&rsquo s strong leasing efforts and all tenants continued to pay their rents
&bull Manager to pursue investment and capital recycling opportunities to further diversify IREIT&rsquo s asset class exposure and strengthen its income stream

  2H2021 DPU up by 7.9% YoY to 1.50 &euro cents, bringing FY2021 DPU higher by 11.0% at 2.93 &euro cents.

 

Yes haha.

tcctcc      ( Date: 25-Feb-2022 22:41) Posted: Last year results posted at 11:54pm. European timing still early.   HVRRVH      ( Date: 25-Feb-2022 22:11) Posted: This stock operating in Europe time zone, SGD 10 pm still haven' t released the results. Better show improvement as many had supported 2 rights issue within short time.

 

---

Last year results posted at 11:54pm. European timing still early.
 

HVRRVH      ( Date: 25-Feb-2022 22:11) Posted: This stock operating in Europe time zone, SGD 10 pm still haven' t released the results. Better show improvement as many had supported 2 rights issue within short time.

 

This stock operating in Europe time zone, SGD 10 pm still haven' t released the results. Better show improvement as many had supported 2 rights issue within short time. 

 

 

I think very little interest in this hidden gem stock

IReit Global bags new tenant for office space in Germany property

IREIT Global has secured a 5-year lease from a tenant for 5 floors of office space in its Munster Campus building in Germany, the real estate investment trust' s (Reit) manager said on Friday (Nov 26).

The tenant is a German federal municipal association operating 35 special schools, 21 clinics and care centres, as well as 18 museums and scientific institutions for the study of cultural heritages and other cultural institutions.

It is one of Germany' s largest associations offering aid to people with disabilities, employing a total of 18,000 people, said the Reit manager in a press statement.

The German federal government body will take over the office space after the existing key tenant, GMG Generalmietgesellschaft mbH, vacates the property when its lease expires in March 2022.

The new lease will increase the overall occupancy rate of Munster Campus to 95.7 per cent from 64 per cent, if the existing tenant GMG were to vacate in April 2022 without a new lease.

On a pro forma basis, the weighted average lease expiry (WALE) of Munster Campus as at Sep 30, 2021 will increase from 2.9 years to 4.9 years. IReit' s portfolio' s WALE would also have improved from 4 to 4.2 years.

Under the lease agreement, the new tenant will take up 1 upper floor at the Munster North building and 4 upper floors at the Munster South building through a 2-step process.

First, it will move in to occupy 1 upper floor at the Munster South building starting from Apr 1, 2022. It will then take over the remaining 4 floors from Sep 1, 2022.

The 5-year lease, which is secured at rental rates similar to GMG' s lease, will expire on Dec 31, 2027 with 2 options to extend the lease by 5 years each.

The tenant has also been granted an option to occupy 2 additional floors at the Munster North building if the space becomes available, said the Reit manager.

Munster Campus is located about 2.5 km north of Munster city centre in the Zentrum Nord office park outside the central business district. It has a total lettable area of 27,501 square metres.

The Reit manager said it will continue to implement a multi-let strategy to diversity IReit' s tenant base, enhance its lease profile, as well as pursue acquisitions to build scale and diversification of its portfolio.

 

 

I will be posting this in all REITs stock in which I have some interests. But please hor, due diligence please, do not take this as the final and only positive statement and cheong to take up positions.....if you are lazy to read through the entire article, just focus on the highlighted parts....

Why is the Singapore REIT market going so strong after two years of COVID-19? 

SINGAPORE: Singapore real estate investment trusts or S-REITs have emerged as a resilient segment of the local stock exchange in the past two years.   

Traditionally a key pillar of the portfolios of individual investors in Singapore, the iEdge S-REIT Index, regarded as the S-REIT benchmark, reported a total return of 5.2 per cent since the start of 2020 to Nov 17.

This was despite S-REITs raising new equity from unitholders, creating additional units and leading to potential dilution risk. In the past 23 months, S-REITs raised a total of S$8 billion through placements and rights issues led by mega-issuances from Ascendas Real Estate Investment Trust and Frasers Commercial Trust.   

Most S-REITs largely maintained their dividends, compensating for the fall in unit prices in this period.   

Global financial markets including S-REITs initially crashed when COVID-19 became a pandemic, with investors panicking and selling liquid financial assets.    For investors daring and savvy enough to put money to work during the trough in end-March 2020, total returns from capital gains have been a whopping 57 per cent.   

Despite headlines on troubles in the retail space and how work-from-home has made offices redundant, occupancies measured by leases have remained high for S-REITs holding shopping malls and offices in Singapore, with little problems in rental collection, even if fewer are using these spaces.   

In the hardest hit hotel sector, the fall in physical property asset value was contained to less than 10 per cent at a portfolio level among the S-REITs tracked by OCBC, a good outcome despite the pandemic curbing travel.

Hospitality REITs will likely need time to recover and could do better in a 24-month timeframe as borders reopen further.   

S-REITs today generate a significant volume of trading activity for the stock exchange - about one-fourth of the daily turnover before COVID-19. Primary equity markets in Singapore also skew towards S-REITs.   

S-REITs, at S$110 billion, represents 12 per cent of Singapore& rsquo s whole equity market by market cap & ndash a figure that is 6 per cent for Australia and only 2 per cent for Japan,  the other two top REIT markets in the Asia-Pacific with large domestic economies.

WHY S-REITS STILL ATTRACT SO MANY INVESTORS 

The top-performing Singapore stock in the past 23 months goes to iFAST Corporation, an investment products distribution platform, which generated total returns of 771 per cent during this time, superseding the Bloomberg Bitcoin Galaxy Index at 750 per cent.   

This is lower than the 1,131 per cent on the Bloomberg Galaxy Crypto Index tracking cryptocurrencies.

Still, S-REITs and the Singapore commercial property market continue to attract significant investor attention.   

Investors in Singapore are very familiar with the nuts and bolts of running a property, and understand how policies like stamp duties, urban planning, zoning, tenancy and ownership rules influence whether and when investors should buy an investment property and what to look out for in assessing a property& rsquo s attractiveness.

Many like the idea of owning a passive, stable and recurring income stream. S-REITs generate fairly stable revenue, with the iEdge S-REIT Index reporting revenue per unit of S$132.5 in 2019. 

Though it dropped 6.3 per cent in 2020, analysts expect a rebound to S$135.6 this year. 

S-REITs are a good source of income. Qualifying S-REITs are encouraged to pay gains to unitholders instead of hoarding profits as they not taxed on dividends distributed to unitholders.

The key challenge is share dilution when S-REITs need to raise to acquire new properties. 

Past transactions that have stirred market discussions  include K-REIT Asia& rsquo s (now known as Keppel REIT) 87.5 per cent interest in Ocean Financial Centre in 2011, Ascott Residence Trust& rsquo s acquisition of Ascott Orchard Singapore, Citadines City Centre Frankfurt and Citadines Michel Hamburg in 2017 and Lippo Malls Indonesia Retail Trust& rsquo s acquisition of Puri Mall in 2021.   

S-REITs are also regulated as a collective investment scheme under the Securities and Futures Act, where there is a 50 per cent cap on the leverage limit for S-REITs to keep credit risks in check. As listed entities, S-REITs also follow SGX rules on the disclosure of information and the right for minority investors to vote on major matters.

S-REITS MORE ACCESSIBLE THAN EVER 

Until S-REITs were launched in July 2002, the commercial property market was inaccessible to most individual retail investors, with ticket sizes of each standalone commercial property in the millions and billions of dollars.

Today, all it takes is S$230 at last Wednesday& rsquo s prices for an individual investor to buy into CapitaLand Integrated Commercial Trust (& ldquo CICT& rdquo ), Singapore& rsquo s largest REIT, and enjoy a portion of CICT& rsquo s rental income from shopping malls and offices.   

Few investment opportunities provide such stability for 4 to 7 per cent dividend yield per year. It& rsquo s little wonder  such investment classes with a dividend income and the potential for capital gains appeal to investors with a neutral risk profile at Singapore& rsquo s median age of 42.   

Singapore has maintained an encouraging ecosystem for the development of S-REITs. Regulatory uncertainty is minimised as regulators routinely seek industry feedback from REIT managers, investors and lawyers before introducing new rules.   

The market has grown to include fund managers who invest in S-REITs as their specialty, REIT exchange traded funds and REIT derivatives.   

Bank lenders and bond investors in Singapore are highly familiar with S-REITs, together providing a pool of liquidity that allows the S-REIT market to grow bigger. Brokerages are also prepared to lend individual investors buying larger amounts of REIT units.

WILL GAINS IN S-REITS CONTINUE? 

The bigger question is whether we will continue to see capital gains in the coming 12 to 24 months as interest rates rise.    

In a world where stock market prices are affected by sentiments, Reddit fads and breaking news, S-REITs  continue to see strong investor demand because their valuation is backed by commercial properties where asset value has seen a continued upward trend.

Indeed, S-REIT indices are not a good representation of the underlying economy. They are weighted towards larger S-REITs, rather than each S-REIT& rsquo s contribution to the Singapore economy.   

The iEdge S-REIT& rsquo s top five components make up 43.3 per cent of the index which have an outsized influence on total returns.   

Three are large-cap industrial REITs with industrial properties in Singapore and countries across Asia-Pacific, Europe and the United States & ndash in a world where logistics, data centres, business parks and manufacturing facilities have been resilient through the pandemic.   

The remaining two are large-cap commercial REITs owning quality assets with tenants largely staying put despite the economic downturn, with occupancies remaining above 90 per cent.   

Beyond the broad index, S-REITs that hold hotels and shopping malls located in the city centre have been dragged by the pandemic. With the city centre hollowed out as we work from home and international travelers non-existent, these S-REITs have underperformed Industrial REITs. 

Furthermore, the S-REIT industry has been kept buoyant by an inflow of capital. The broad money supply in Singapore has surged by 10.9 per cent year-on-year as of September. With interest rates on cash near-zero, all that money needs to go somewhere. 

The S-REITs  market is unlikely to cool anytime soon. There is momentum.    Thirteen out of the 80 IPOs with primary share offering in Singapore since 2016 were S-REITs raising S$5.6 billion collectively at an average offer size of S$430 million.

Outside of S-REITs, a further S$2.7 billion was raised for two listings, Kakao Corp, the Internet company global depository receipt listing and NetLink NBN Trust, a business trust which holds infrastructure assets. 

The remaining 65 had an average offer size of S$28 million & ndash small cap listings with limited liquidity.   

Tellingly, the two upcoming IPOs  in Singapore - Daiwa House Logistics Trust and Digital Core REIT - are both S-REITs.   

The equity analyst community is still optimistic and forecasting a rise in S-REIT dividends in the next 12 to 24 months.   

Driven by the growth and resiliency of industrial assets, particularly logistics warehouse and data centres, the Big Three industrial REITs of Ascendas Real Estate Investment Trust, Mapletree Logistics Trust and Mapletree Industrial Trust also recorded average total returns of 15.6 per cent in the past 23 months.

DON& rsquo T DISMISS SGX 

Looking ahead, Singapore investors should not be so quick to dismiss the SGX, given the current slew of corporate restructuring exercises with the potential for capital gains, which may not be immediately apparent to new individual investors in the market.

Buying S-REITs is likely to remain a cornerstone investment strategy for many individual investors. The more pertinent decision points remain how much S-REITs should feature as a percentage of one& rsquo s investment portfolio and which specific ones to invest in. 

Still, until a next financial crisis with significant liquidity stress, we are unlikely to repeat the kind of capital gains seen from March 2020 to date in S-REITs.   

A lot of the negatives has since been priced in, with the broad iEdge S-REIT Index trading at 1.1 times the price-to-book value, indicating that the market cap of the S-REITs as a broad basket is now higher than the value of the underlying properties.