Contents
Guide
2021 Marshall Cavendish International (Asia) Private Limited
Text Gabriel Yap Chong Hin
Published by Marshall Cavendish Business
An imprint of Marshall Cavendish International
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National Library Board Singapore Cataloguing-in-Publication Data
Name(s): Yap, Gabriel.
Title: Making your millions in REITs : the savvy investors guide for crazy times / Gabriel Yap.
Description: Singapore : Marshall Cavendish Business, [2021]
Identifier(s): OCN 1200833415 | e-ISBN 978-981-49-7406-6
Subject(s): LCSH: Real estate investment trusts.
Classification: DDC 332.63247--dc23
Printed in Singapore
Teach like there is no better LEAP
Learn like there is no better REAP
Invest like there is no better REIT
Strive like there is no better HIGH
Love like there is no better TOMORROW
DISCLAIMER
The author is not an attorney, accountant or financial advisor. All the information presented in this book is done so for educational purposes only. The information provided in this book is not legal or financial advice and it is not intended to be a substitute for legal or financial advice that should be provided by your own attorney, accountant and/or financial advisor. Although care has been taken in preparing the information provided in this book, GCP Global (wholly-owned subsidiary of GCP Management Holdings Pte Ltd), GCP Management Holdings Pte Ltd and the author cannot be held responsible for any errors or omissions, and GCP Global, GCP Management Holdings Pte Ltd and the author accept no responsibility and liability whatsoever for any loss or damage that a reader may incur. Always seek financial and/or legal counsel relating to your specific circumstances as needed for any and all questions and concerns you may have.
Past performance is no guarantee of future results. All REITs investments involve a risk of loss. There is no assurance that a REITs investment will be profitable. Not all REITs investments are suitable for all investors as each investor is different. If there are any doubts, advice should be sought from an independent financial advisor.
While the publisher and the author have used their best efforts and due diligence in preparing this book, including taking all necessary steps to ascertain that all relevant information is correct and accurate to the best of their knowledge, no warranties are made about the completeness, reliability and accuracy of the information presented in this book. Any implied warranties of merchantability or fitness for a particular purpose are specifically disclaimed. No warranty may be created or extended by sales representatives or written sales materials. The thoughts and strategies contained in this book may not be suitable for any individual readers situation. A professional should always be consulted as appropriate. Neither the publisher nor the author or any related companies shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages.
CONTENTS
FOREWORD
REIT Guru would be an apt middle name for Gabriel. My first encounter with Gabriel occurred after I became the Chief Executive at ESR-REIT. That conversation left an indelible impression on my team and I, as he was one of the few people who asked critical, thought-provoking and pointed questions few people would dare to ask. My conversations with Gabriel since then have been illuminating I always take away an important insight from his perspective which has been useful in my investor interactions and how my team and I develop our strategic directions for ESR-REIT.
I am always amazed at how he is able to make investing fun and simple for people to learn from him. Breaking down seemingly complex transactions into simple, easy to understand, layman scenarios and, importantly, how to execute and leverage on the opportunities presented. Even though he keeps up a hectic schedule, Gabriel always finds time to connect with people, regularly sending articles hes read that he thinks my team and I will find insightful. He is a dedicated educator at heart.
Over the years, numerous analysts and pundits and other experts have produced a myriad of articles, blog posts, books and podcasts on investing in REITs. But only a select few promise to truly move the needle in practice, and even fewer still advocate the importance of sensible long-term investing.
So here are three things you will learn from Gabriel:
THE INVESTING JOURNEY IS FULL OF TWISTS AND TURNS
The first thing people learn from Gabriel, of course, is why choose REITs. Given many investors are generally eager to generate both value and growth in their portfolios, they direct capital to less-volatile investments such as REITs, which are expected to yield stable income and long-term capital appreciation. But now theres a roadblock in the investing journey: as COVID-19 continues to ravage global markets, how does one evaluate REITs in the middle of a worldwide disruption the likes of which we have never seen? How do you determine a good REIT to invest in?
COVID-19 has rewritten the rules of real estate. Investors have reluctantly accepted the fact that businesses are unlikely to return to normal anytime soon. Concerns, whether shopping, work or leisure will still be the same and the ability of tenants to sustain their operations once the pandemic subsides has weighed heavily on everyones mind. These questions are likely to prompt investors to be more astute in their investments. Some may direct their capital away from riskier assets, while others are likely to morph into bargain hunters.
Thats where Gabriels REITs investing framework comes in handy. It is nimble enough that people can use it anytime, even in shifting market dynamics and changing risk appetites. The framework emphasises being prepared, and that means being diverse when it comes to investing in REITs.