Operations this week
I bought 10 units of Realty Income Corporation (US stock code: O) at US$65.9. See here for detail.
Compare with the market
Weekly review
This week, Hong Kong Reits’s stock price showed signs of rebound, while Singapore Reits fell about 3%. I believe this is just a simple adjustment that it falls whenever it rises too much while in contrast when it drops too much it simply rebounds.
But you must be psychologically prepared. If the interest rate rises in the future, the attractiveness of Reits will be weakened, which may cause the outflow of funds from Reits, or cause the market price of Reits to fall.
On the other hand, one of the main reasons for rising interest rates is due to inflation. When inflation occurs, fixed asset prices will directly be benefitted. Therefore, I think holding high-quality Reits is much better than holding cash in the long run.
Concluding figures
Unrealized earning: 9.35%
Cash level: 1.71%
Average annual yield: 5.53%
Record of last week
You may also see the portfolio record last week here.
Reit portfolio
| Company logo | Stock code | Stock name | Cost price | Closing price last wk | Latest price | %increase w/w | Distribution yield | % increase overall | % share of portfolio |
|---|---|---|---|---|---|---|---|---|---|
 | 823 | Link Reit | HK$ 67.018 | HK$ 65.2500 | HK$ 66.7500 | 2.30% | 4.344%Ê | -0.40% | 5.61% |
 | 2778 | Champion Reit | HK$ 4.229 | HK$ 4.0000 | HK$ 4.0800 | 2.00% | 6.118%Ê | -3.52% | 3.92% |
 | 435 | Sunlight Reit | HK$ 4.187 | HK$ 4.4500 | HK$ 4.4900 | 0.90% | 5.813%Ê | 7.25% | 3.77% |
 | 405 | Yuexiu Reit | HK$ 3.621 | HK$ 3.6400 | HK$ 3.6600 | 0.55% | 6.246%Ê | 1.07% | 3.73% |
 | 778 | Fortune Reit | HK$ 7.011 | HK$ 7.6500 | HK$ 7.7400 | 1.18% | 3.173%Ê | 10.41% | 3.72% |
 | M44U | Mapletree Logistics Trust | SG$ 1.71 | SG$ 2.0700 | SG$ 2.0100 | -2.90% | 3.12%Ê | 17.53% | 4.28% |
 | ME8U | Mapletree Industrial Trust | SG$ 2.438 | SG$ 2.8600 | SG$ 2.7700 | -3.15% | 4.282%Ê | 13.64% | 4.00% |
 | N2IU | Mapletree Commercial Trust | SG$ 1.916 | SG$ 2.1300 | SG$ 2.0500 | -3.76% | 4.629%Ê | 7.01% | 3.95% |
 | A17U | Ascendas Reit | SG$ 2.75 | SG$ 3.0800 | SG$ 2.9800 | -3.25% | 4.379%Ê | 8.38% | 3.89% |
 | RW0U | Mapletree North Asia Commercial Trust | SG$ 0.87 | SG$ 0.9750 | SG$ 0.9650 | -1.03% | 6.399%Ê | 10.93% | 3.75% |
 | O | Realty Income Corporation | US$ 61.779 | US$ 66.4600 | US$ 65.8500 | -0.92% | 3.92%Ê | 6.59% | 3.79% |
 | SPG | Simon Property Group Inc | US$ 88.269 | US$ 133.8500 | US$ 133.1400 | -0.53% | 3.981%Ê | 50.83% | 3.48% |
Bond portfolio
| Company logo | Stock code | Stock name | Credit rating (Moody's / S&P) | Cost price | Closing price last wk | Latest price | %increase w/w | Yield to maturity | % increase overall | % share of portfolio |
|---|---|---|---|---|---|---|---|---|---|---|
 | LUMN 7.995 06/01/36 | Lumen Technologies | BA2/BB | US$ 106.361 | US$ 110.6890 | US$ 107.5000 | -2.88% | 7.21% | 1.07% | 5.53% |
 | MBI 7.15 07/15/27 | MBIA Inc | BA3/NR | US$ 84.876 | US$ 104.0000 | US$ 104.4150 | 0.40% | 6.25% | 23.02% | 5.37% |
 | ENVA 8.5 09/01/24 | Enova International | B2/B- | US$ 84.918 | US$ 102.4900 | US$ 102.1000 | -0.38% | 7.70% | 20.23% | 5.25% |
 | GEL 6.5 10/01/25 | Genesis Energy | B1/B+ | US$ 95.027 | US$ 99.4610 | US$ 99.5000 | 0.04% | 6.64% | 4.71% | 5.11% |
 | PEMEX 9.5 09/15/27 | Petroleos Mexicancos | BA2/BBB | US$ 118.962 | US$ 116.9000 | US$ 118.0000 | 0.94% | 5.94% | -0.81% | 4.96% |
 | LINTA 8.5 07/15/29 | Liberty Media LLC | B2/B | US$ 87.483 | US$ 114.1000 | US$ 116.5820 | 2.18% | 5.88% | 33.26% | 4.90% |
 | NAVI 5.65 03/15/29 | Navient Corp | BA3/B+ | US$ 91.011 | US$ 96.2510 | US$ 96.2510 | 0.00% | 6.27% | 5.76% | 4% |
 | M 7.875 03/01/30 | Macy's Retail Holdings LLC | BA2 | US$ 109.707 | US$ 112.8500 | US$ 111.0000 | -1.64% | 6.23% | 1.18% | 3.11% |
 | TACN 6.5 03/15/40 | TransAlta Corp | BA1/BB+ | US$ 80.615 | US$ 117.9000 | US$ 117.2500 | -0.55% | 5.12% | 45.44% | 2.74% |
 | CACC 6.625 03/15/26 | Credit Acceptance Corp | BA3/BB | US$ 92.297 | US$ 104.8980 | US$ 104.9000 | 0.00% | 5.39% | 13.66% | 2.45% |
 | ARLP 7.5 05/01/25 | Alliance Resource Operating Partners LP | B1/B+ | US$ 93.535 | US$ 101.6500 | US$ 102.6600 | 0.99% | 6.67% | 9.76% | 2.40% |
 | PBFX 6.875 05/15/23 | PBF Logistics LP | B2/B | US$ 99.455 | US$ 98.4800 | US$ 98.0000 | -0.49% | 8.19% | -1.46% | 1.83% |
 | PBFENE 9.25 05/15/25 | PBF Holding Co LLC | BA3/BB | US$ 102.631 | US$ 97.0904 | US$ 94.5000 | -2.67% | 11.07% | -7.92% | 1.77% |
| NAVI 6.25 09/15/29 | Navient Corp | BA3/B+ | US$ 98.093 | US$ 99.8620 | US$ 99.4330 | -0.43% | 6.34% | 1.37% | 0.93% |
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
