REITs to Riches: Everything You Need to Know About Investing Profitably in REITs
- Course Code: TGS-2020502468
- Duration: 18 Hours (Over 2 Days)
- Language: English
- Course Capacity: Up to 40 Pax per class
Real Estate Investment Trusts (REITs) are one of the most reliable ways to invest as they generate steady and consistent tax-free cash flow. REITs also provides investors access to participate in a diverse range of real estate assets with low capital outlay.
The two-day Intensive REITs to Riches Course which is 100% SkillsFuture Credit – Claimable, aims to help retail and institutional investors as well as professionals in the REIT industry understand and appreciate in greater depth the intricacies of REIT as an asset class.
Investors are taught the skills of evaluating REITs while REIT industry professionals will understand the evaluation criteria of investors. The course is highly-practical, focused with plenty of case studies and examples using both Singapore and internationally listed REITs.
This is a value-packed and possibly the most comprehensive REITs investment course available in Singapore, substantiated with plenty of relevant and up-to-date case studies. The course has received excellent reviews from numerous retail and institutional investors alike.
The course will offer sufficient breadth and depth to benefit both novice and seasoned investors.
The two-day Intensive Course focuses on these two areas:
- Provides you with a clear, thorough understanding, evaluation techniques and portfolio management strategies for REITs
- Conducted on Day 1 (9am to 7pm) & Day 2 (9am to 12:30pm)
- Plenty of Hands-On Practical and Case-Studies Session
Helps you tackle practical aspects of REIT investing. You will delve into plenty of case studies of both local and overseas REITs. If requested by the class, learners will vote on their choice of REITs or Business Trusts to analyse. You will be guided step-by-step on the analysis process using the spreadsheets and tools provided.
- Conducted on Day 2 (1:30pm to 7pm)
- A laptop is highly recommended for the hands-on practical and case studies session on Day 2.
WHO SHOULD ATTEND
No prior knowledge of REITs is required as an introduction and essentials of REIT Investing will be covered.
The course is also suitable for investors who already have prior knowledge of experience in investing in REITs. In fact, if you are a seasoned REITs investor, you will benefit much from the course, as it will challenge what you believe you understood about REIT investing.
- Part 1: Understanding
- Understanding REITs and Business Trust
- Understanding the MAS Code on Collective Investment Schemes (CIS)
- Understanding REIT Specific Regulations
- Understanding the Characteristics of Real Estate Sectors
- Understanding How REITs Source Financing for Growth
- Understanding Financial Statements of REITs
- Part 2: Evaluating
- Financial Evaluation of REITs and Business Trust
- Valuing a REIT
- Assessing Risk in REITs
- Assessing REIT Managers
- Part 3: Managing
- Constructing Your REITs Portfolio
- Hedging your Portfolio
- Common REIT Myths
- Several Case Studies on Selected REITs
WHAT YOU WILL LEARN
The course begins with the foundational understanding of real estate and the nature of real estate as an investment asset class.
Next, we introduce the concept of collective investment schemes followed by a a deep dive into understanding key MAS regulations surrounding REITs as defined in Section 286 of the Securities and Futures Act (Cap. 289). We will briefly touch on key differences between Singapore and other major REIT Asia Pacific markets.
In the next chapter, you will learn and understand the unique and distinctive characteristics of each and every real estate sector including Residential, Retail, Offices, Industrial, Hospitality, Healthcare and Specialty real estate. The advantages and disadvantages of each sector are compared and contrasted in detail.
No course on real estate is complete without covering the methods by which real estate investments are financed, namely, Equity Financing and Debt Financing. You will be exposed to the various equity- and debt-based instruments available in the market such as Private Placements, Rights Issue, Perpetual Securities, Scrip Dividends, Loans, Bonds, Convertibles and Medium-Term Notes.
One key highlight of this course is the teachings on how REITs are able to grow using a mixture of Organic and In-Organic growth strategies. This allows you as an investor to focus on the ability of REITs to grow and increase in value, thereby producing a return on investment for their shareholders. You will explore and discover the different organic and in-organic growth strategies and how these strategies can benefit the REIT as well as your investment returns.
Financial analysis is core to any investments and REITs are no different. You will learn the foundation of the 4 financial statements of REITs: Balance Sheet, Profit & Loss Statement, Cash Flow Statement and Distribution Statement. This section is the precursor to the next section where we discuss evaluation of REITs from a financial perspective.
With a foundational understanding of the financial statements, you will learn about the various financial matrices that can be used to evaluation REITs including Capitalisation Rates, Net Property Income, Distribution Per Unit, DPU Yield, Net Asset Value, Gearing Ratio and Interest Coverage Ratio.
Understanding these metrices, you will learn how to value a REIT using both Relative and Absolute valuations methods such as Price-to-Book Ratio, Yield Spreads and Dividend Discount Model. This section also includes many practical examples of real REIT case studies that will be used to calculate and compare the financial matrices.
There are a large number of risk that a REIT could be exposed especially so for REITs with its portfolio overseas. We raise the awareness of risk and help you appreciate the various types of risk associate with REITs. These include Interest Rate, Sentiment, Capital Management, Exchange Rate, Concentration and Occupancy Rate Risk.
We also briefly discuss Income Support Arrangements and Creative Structuring within REITs, how to spot and how to avoid falling into these traps. This section includes many case studies of different REITs and comparing their risk profile.
While you learn about evaluating REITs from various angles, one key angle that must not be missed is the REIT Manager. Here in this section, we discuss the different techniques of assessing the REIT manager such as looking at alignment of compensation, past track record, successfully executing yield accretive acquisitions and asset enhancements.
The Course concludes with a number of case studies which are frequently updated based on the latest REIT events which will be converted to a case study to help you. These case studies string together all the concepts learnt from the Course from structure to financial matrices, valuation, evaluating risk and assessing management.
Professionals in the REIT industry should immediately be able to apply their knowledge and skills learnt in order to improve their standards of quarterly reporting to in public. This will help to improve their transparency and increase the visibility and investor sentiments of the REITs that they manage.
Retail and institutional investors will be better equipped to evaluate the quality of REITs. This would help them improve on their research and analysis leading to higher quality analyst reports.
Overall with the increased retail and institutional awareness and improved REIT reporting will benefit the REIT industry as a whole.
COMPREHENSIVE LEARNING SUPPORT AND RESOURCES
Beyond the two-day intensive class, you will receive the following comprehensive learning support and resources:
- Learning resources covering a good overview of REITScreener Investment Philosophy, as well as the key REIT knowledge that are important to investors
- Analysis of two case studies with essential numbers in an Excel file. Formulas are being built into Excel and have it plot the chart directly for you. This Excel file will be useful and provide you with a clear analysis in your computation and evaluation of other REITs
- Access to over 8.5+ hours of recorded webinar, including case studies of two selected REITs (in SG and US)
- Direct access to Trainer’s personal WhatsApp number (for a period of one-year)
What Others Say About “REITs to Riches” course
“One of the best REITs courses I've attended. Wien is a passionate trainer, covering the content in detail and taking time to explain complex concepts clearly to us. I would highly recommend him to anyone who wants a comprehensive understanding of REITS investing.”
“This course conducted by Wien is excellent. He teaches you how to identify high quality REITs based on leading indicators of performance (unlike other programs that I have attended where evaluation is based on lagging indicators that proved disastrous for my portfolio during the COVID19 crash). Equally important, he teaches us when to buy REITs. He is clearly the best REIT trainer/teacher in Singapore. I wished I learnt from him years ago.
Wien has made learning much easier for non-finance trained individuals like me. He is patient, listens and explains concepts in such a way that it is easy to understand.”
“Ging Wien is extremely knowledgeable in the subject matter and is very clear in his explanations about choosing the right REITs. He is very engaging and managed to illustrate his points through many real-life examples. I would highly recommend anyone who is interested in expanding their portfolio in REITs to attend this 2-day course.”
“A must-attend course if you want to learn everything about REIT. Besides information about REIT, you will also learn how to obtain and interpret other financial knowledge about companies.”
Sim Hock Soon
“Wien is very knowledgeable in REITs and willingly imparts his knowledge to participants. He is meticulous in his teaching and uses case studies to reinforce his detailed analysis of REITs counters. I believe all the participants have benefitted from this course and should be able to apply the knowledge learnt.”
“Wien has a deep understanding of REITs and does not hold back in coaching his students. His course is intense, information-rich and relevant.
The course is rich with real-life examples and approaches REITs in a different way from investing in other equities.
Wien encourages students to ask questions and takes the time to respond to them. Wien leaves his students much more confident in their REIT investing journey.”
“In-depth information on course subject with detailed actual examples of case-studies shared with all students. Provides good support and follow up even after training.
Very experienced instructor who is eager to share more and answer any questions that students have.”
Lee Yok Hock
“Instructor has strong expertise in REITs with lots of experience. Very dynamic and friendly. By the end of the course, we are very confidently able to invest and profit from REITs even for beginners with no knowledge.”
Ling Ting Poh
Tam Ging WienCo-Founder of a prominent blog focusing on REITs, Best-selling author