For readers who’ve been following my weblog constantly, the title of this weblog submit may invoke a sense of deja vu.
It’s quite much like the title of my weblog submit 3 months in the past wherein I shared my 2Q 2023 outcomes.
That mentioned “Stronger once more!”
This says “Stronger but once more!”
AK is so inventive!
Nicely, jokes apart, I actually could not consider something extra impactful and correct on the identical time.
For many who comply with my YouTube channel, this video may look acquainted:
Sure, for the primary time in a very long time, I shared some numbers earlier than the quarter was up.
With that form of quantity after solely 2 months into the quarter, I may inform that 3Q 2023 would in all probability beat my passive revenue obtained in 2Q 2023.
Within the third month of 3Q 2023, revenue distributions from my investments in lots of REITs got here in.
Though there was a decline in revenue obtained from REITs as an entire which was not sudden provided that three of my largest investments in S-REITs paid much less, general passive revenue for 3Q 2023 nonetheless got here in increased.
That is thanks in a big half to the a lot increased dividends paid out by DBS, OCBC and UOB that are all in my record of largest investments in my portfolio.
Resolution to extend publicity to OCBC and UOB occasionally because the pandemic has been very rewarding whereas the choice to remain invested in IREIT International has not been as rewarding.
Nonetheless, I’m of the opinion that IREIT International has room to develop its income and that the REIT is within the technique of transformation.
There may very well be some bumps forward and buyers may wish to buckle up.
IREIT International is undervalued if the 6 months lease extension at a forty five% increased asking hire for its Berlin asset is something to go by.
Not like some REITs like Manulife US REIT, IREIT International is just not in misery regardless that its unit value means that it may very well be so.
Sadly, the aggressive and fast hikes in rates of interest aren’t pleasant to REITs, particularly with the “increased for longer” narrative gaining traction.
Nonetheless, with a comparatively robust stability sheet, substantial sponsor curiosity and a succesful administration, I’m prepared to attend whereas I’m being paid.
This might be brief weblog submit as I don’t wish to rehash stuff I’ve mentioned about my investments earlier than.
Oops.
I virtually forgot.
So, what’s my 3Q 2023 passive revenue?
Within the video I shared originally of this weblog submit, I mentioned that 3Q 2023 passive revenue would in all probability exceed $80,000.
The precise quantity is:
S$ 84,942.36
That is virtually 12% increased than the $75,989.50 in 3Q 2022.
I believe I’ve crushed inflation in 3Q 2023.
Again in 3Q 2022, I mentioned I used to be surprised like vegetable, and I really feel the identical method one 12 months later.
What am I doing, going ahead?
The following 6 months will see a lot decrease passive revenue being obtained with out contributions from OCBC, UOB and plenty of different investments.
So, I’m going to be additional cautious with cash.
What in regards to the funding entrance?
I’m staying invested as a result of I can not inform if the market goes up or down.
Staying invested in bona fide revenue producing property means being paid whereas I wait.
Filling up my conflict chest for when Mr. Market turns into depressed once more.
That is whilst my conflict chest will develop a lot slower than earlier than as extra of my passive revenue might be consumed from this 12 months on.
I can not predict however I can most actually put together.
If AK can do it, so are you able to!
References:
1. 2Q 2023 passive revenue.
2. 3Q 2022 passive revenue.
