DW October 2013 Singapore Dividend Portfolio Update

No.	Stock	Lots	Average Price	% of Portfolio
1	AIMS AMP REIT	25	$1.236	16.04%
2	Starhub	10	$2.467	12.81%
3	Singtel	7	$2.983	10.84%
4	SPH	5	$3.756	9.75%
5	Frasers Centrepoint Trust	10	$1.70	8.82%
6	M1	7	$3.33	8.77%
7	Capitamall Trust	7	$1.689	6.14%
8	CACHE Logistics Trust	10	$1.115	5.79%
9	Plife REIT	4	$1.99	4.13%
10	Suntec REIT	6	$1.26	3.92%
11	First REIT	10	$0.736	3.82%
12	Sabana REIT	6	$1.07	3.33%
13	SATS	1	$3.28	1.72%
14	HPH Trust	3	$1.03	1.60%
15	Mapletree Industrial Trust	2	$1.46	1.52%
16	Neratel	3	$0.63	1%

Total dividends collected (2013)	S$11,132.73
Total Invested Capital	S$198,990
Projected Annual Yield (2013)	6%
Average Monthly Dividends (2013)	S$1,113
Available funds for investment	S$5,000

Unrealized Paper Gain (S$)

S$42,209

For the month of October, I received S$132 in advance cash distribution from Sabana REIT, courtesy of a private placement. Sabana REIT is using part of the raised funds to acquire 508 Chai Chee Lane. The property has a balanced land tenure of 46.5 years. It is strategically located next to the PIE and is about 5 minutes drive from Bedok and Kembangan MRT stations. The vendor (AMD) will lease back at least 50% of the space. Hopefully, Sabana REIT is capable of finding quality tenants for the remaining 50% vacancy. 

Source: The Edge magazine 

CityVibe Mall was put up for sale last week. It is in close proximity to Clementi Mall. Perhaps SPH REIT can consider acquiring CityVibe Mall and integrate it with Clementi Mall., similar to the synergy created between Bugis Junction and Bugis+ Mall. A link bridge could be built between CityVibe and Clementi Mall. The new owner of CityVibe Mall can choose to divide the large floor plates into smaller units in order to increase rental income. 

Photo taken on 28 September 2013

Seems like Seletar Mall is coming along nicely. ^^

Ben Bernanke decided to delay tapering for now. This was a boost to REITs and dividend stocks. However, I do not think tapering will be delayed for long. Tapering should start by December 2013. Anyway, I will remain vested in REITs.

October could be a month of market turmoil as the US government is shut down. The debt ceiling limit is approaching fast. The US is facing the possibility of a default by mid-October. Maybe they will kick the can further down the road. 


Stay Safe,
Dividend Warrior