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Investors may be looking at mutual funds or UITFs but are they worth it? Let us talk about fees. 1% may seem like a small number but many probably don’t realize its full impact. Firstly, that is 1% of the NAV deducted every year. Relative to the dividend income, the percentage is much higher.

Let’s say I bought 100,000 units for P1 each for a total of P100,000. That investment has a dividend yield of 5% so I received P5000 in dividends for the first year. However I also paid the 1% fee or P1000. The P1000 fee that I paid is 20% of the P5000 dividend that I received! Am I willing to pay one-fifth of my income to the fund managers? Am I getting value for what I paid?

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I’ve been writing about the planned retail REITs from SM Prime and Cosco Capital but forgot to check on the existing one! It has been a little over a year since VREIT’s IPO so we’ll have a look at its performance. Its properties include 10 community malls with a couple of office buildings as seen below:

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Another REIT is on the way. This time its from Cosco Capital, the holding company behind retailers Puregold and S&R. While we don’t have details, its quite obvious that the properties will be related to the supermarket business.

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DDMPR and FILRT’s stock price are now down -45% and -50% respectively from their IPO. Consequently, this has pushed their dividend yield to around 8%. Firstly, investors are selling REITs (and stocks in general) and buying bonds due to to the high interest rate environment. For example, the PagIbig MP2 had a dividend yield of 7% for 2022 and its government guaranteed.

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Here’s the latest corporate video from my favorite REIT. It showcases some of the income generating assets in the REIT including the latest infusions (awaiting SEC approval) such as One Ayala and Glorietta in Makati.