facebookAre Reits still a good buy considering the majority of the big names are not "cheap" at current valuation? - Seedly

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Anonymous

03 Jun 2019

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SeedlyTV

Are Reits still a good buy considering the majority of the big names are not "cheap" at current valuation?

SeedlyTV S1E05

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Billy

03 Jun 2019

Development & Acquisitions Manager at Real Estate Private Equity

I think you have to define what cheap is.

Although prices are at an all-time high, but I feel that it is justifiable because REITs are indeed doing actions to grow the company, in turn growing shareholders wealth. A very good example is Capitalmall Trust - With prices nearing 52 week high, Funan is slated to open some time this quarter which would present an additional income stream for the REIT itself, in turn increasing DPU and dividend yield.

And with the recent completion of Jewel, there may be a possibility that it'll be included in it's portfolio in due time as well. Although Warren Buffett constantly says that market is irrational, I think in some circumstance, with the information we have and the speed which we obtain them, I feel that the market is quite rational

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