Time to buy REITs?

 

I mentioned in a previous post that my strategy was to accumulate World/US ETFs first because the outlook was bullish due to expected interest rate cuts. After World/US prices go up, switch to REITs as they will then play catch up.

In May 2025, with S&P500 constantly making new highs, I felt that REITs were primed to move so I bought a decent chunk of FLCT at $0.845 only to see the price drop further and S&P500 continue to make new highs.

BuyafterCrash: FLCT: Time to buy?

On hindsight, one can't time the bottom but at least I bought more at a decent price. Returning to today, FLCT has hit $0.885 and considering the $0.03 dividend that I received in the meantime, this means that FLCT has gone up 8.3% in 2 months. Nice.

With S&P500 hitting yet another high, I have continued my regular DCA of VWRD and VHYD this month, and also picking healthcare stocks which have crashed (NVO, GSK), but REITs are starting to look attractive.

I picked up Capland Ascott Residence Trust (HMN) and Capland (9CI, ok not exactly a REIT) yesterday but didn't manage to fill my FLCT order. Am looking at topping up a few more REITs today.

US portfolio news, sold ETHA, accumulating NVO

 For the purpose of learning trading, I had built up a small position in ETHA at about $15. I sold half at $22 and closed out the rest of the position at $24.50. It is since gone past $25 but learning to trade means pressing sell and realising profits. I hope to be able to re-enter at a lower price during a pull-back.

In the meantime, NVO's price has been languishing due to tariff related matters but it is finally available in Singapore:

I am still long term bullish on NVO and am taking this opportunity to continue to accumulate. 

My $100k+ worth of NKE is now green in terms of capital gain, and I have already collected a couple of dividends along the way. My UA is at about breakeven level and I continue to add to LULU.  The Indonesia tariff deal is reasonable news as it provides some certainty and is not a ridiculous %.

Dividends Collected: June 2025

 

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Just a normal month of dividends. The Mapletree family paid dividends this month.

Sold Hong Leong Finance / STI 4,000

 

With STI finally hitting 4,000, it is the right time for me to do some cleaning-up of my portfolio. I have therefore sold my small holding of 4,000 Hong Leong Finance shares @ $2.57. Having held this for 10+ years, I have received 4-5% annual dividend and a little bit of capital gain. However, since I am holding loads of Finance Counters, I can take a cold hard look at which are worth keeping and which have to be sold. 

At best, HLF will just keep on chugging along in the same niche it has carved out for itself without much growth prospects, but at worst, it may be disrupted to Fintech and not have the size or resources to respond. So its time to sell.

At the same time, I have bought an equivalent amount of Lionglobal All Seasons (Growth) Fund. I expect it to outperform HLF over the medium and long term.