Best REIT in India | 12% Returns | Real Estate Investment Trust | Embassy vs Mindspace vs Brookfield

[@LabourLawAdvisor]

Best investing content on YT period!

[@shankarnath]

LLA is best, sir. I'm still in audition phase. Really appreciate your kind comment .. Rishabh, Mandeep and team LLA. It's a big endorsement for a young channel like mine & what I want to build over the coming months and years. Thank you very very much! And wishing your team a very happy, prosperous & purposeful 2023 🎉

[@anjuripavansaikumar8756]

@@shankarnath This channel is like finding a small cap which has huge potential to become large cap within few months😜. I binge watched all your videos just now and your content is amazing.

[@shankarnath]

@@anjuripavansaikumar8756 Thank you, glad you are enjoying the content

[@sobhaexports4263]

​@@shankarnath I am doing my masters in real estate from UK and doing my dissertation focusing on REITs..This video has helped me immensely in the process....Many thanks

[@shankarnath]

@@sobhaexports4263 Most welcome! Glad you found it useful

[@ashwini1512]

Thank you, Shankar Sir! Not only you simplify stuff but also inspire others to study and take independent decisions. Really rare and admirable! Thanks once again!

[@shankarnath]

Thank you very much, Ashwini for your kind appreciation and this gratuity. Yes, the idea here to cut through the clutter and offer everyone a simple yet effective blueprint upon which the motivated ones can improve upon it and reap rewards in the process. I'm happy my work is helping you, wishing you the best!

[@anuj181920]

The No. Of subscribers that you have does not justify your content. Hope you reach a million subscribers soon.

[@shankarnath]

Thank you very much, Anuj. It's a new channel (just 49 days old), I guess the KZbin algorithm takes time to measure up a channel

[@sumitpatil3276]

It takes time for people to understand quality analysis ( authentic) and number of people who understand English are less. Anyways class is always better than mass!!

[@ammanfoda1202]

I also agree with you

[@harisoma]

Thanks

[@shankarnath]

Thank you Hari for your kind appreciation. I'll want to pass on this gratuity to our editor (Rohit) who works so diligently on every video to make me presentable and watching these videos memorable. Thx again!

[@shivrajrana7427]

Shankar, I am now a fan! Excellent content and presentation. So refreshing to see quality investment content on KZbin.

[@shankarnath]

Thank you very much, Shivraj. Glad you liked my content. I'm learning as I make these videos and wonderful to know that so are you.

[@vishnu8899]

One of the best videos I have watched this year! What a find this channel has been.. Thank you

[@shankarnath]

Wow, most welcome! Glad you liked it. Please share my channel with your friends, colleagues and connections & help me grow it. Thx

[@rajagopalram7783]

Can you do a video on how the available reits / invits stack up at present? Lastly your content, presentation style is good and easy to understand. Keep up the good work

[@shankarnath]

Thanks for the appreciation and suggestion

[@mineshtemkar9963]

Thank you for the much needed comparison of REITS, specially the fair value factor. Excellent video as always.

[@shankarnath]

Glad it was helpful, Minesh. Yes, the market price-to-NAV is a powerful way to judging over or undervaluation of REITs. I mean, look at it this way -- we all (value investors) continue to wonder what the intrinsic value of a company is & here the REITs present us with a fair estimation of that

[@shankarnath]

@@TheTraderBoy I remember reading something on the calculation methodology in the REIT's annual reports. Do have a look

[@jayadevtn1987]

Thanks for this video on reits. I don't think there is such a detailed video available on any other channel. As always , super .!

[@shankarnath]

Glad it was helpful! My pleasure

[@Surbhit7]

Thank you! Helps a lot. Need such genuine presentation of information.

[@shankarnath]

You are most welcome! Glad you liked it

[@vishnuvardhan6098]

Again a good one Shankar. Your ability to script a tale around every financial product is great & more importantly straight to point with no drama . Happy for that.

[@shankarnath]

Thank you very much, Vishnu

[@nkspro1]

Whether or not I invest in the assets discussed, it is always pleasant to learn deeply about these topics. No knowledge gets wasted. Thank you for sharing such a great learning on various topics. 🙏

[@shankarnath]

Great to hear! Thanks for your kind words

[@aryabhushan7151]

Very lucid presentation which has touched all the points I was looking for

[@shankarnath]

Thank you for your kind appreciation

[@pkprprempavankumar8749]

Thanks for including take aways in your videos ji.. Quality of content clearly shows your work and quality of research you do in content making 🙏🙏

[@shankarnath]

It's my pleasure. Thanks a lot

[@mdshahidlatif5923]

I was actually searching you on ET money, didn't know you have your own channel now. Found here. Awesome!!!

[@shankarnath]

Glad to know!

[@AmrishKelkar]

Wow. This video is a big step up from a video about a year ago. Crisp info, well scripted and you've put in lot of work to go through the info from the 3 REITs. Congrats, and, subbed!

[@shankarnath]

Thank you Amrish for your kind appreciation

[@mayankshekhardwivedi]

Loved the mini Shankar Nath who appeared at the bottom of the screen, nudging to subscribe 😀

[@shankarnath]

Thanks!

[@AWM_Ripper]

First Time Here And Subscribeb After 5 Mins Watching Crisp n clear Explanation

[@shankarnath]

Thank you and welcome aboard. Glad you liked it.

[@beluga9596]

Absolutely love this Please continue such videos No one is making such detailed and simplified videos

[@shankarnath]

Thank you!

[@Humbleinvestor60410]

Content is impeccable and content delivery is lucid too. Awesome insight on REITs

[@shankarnath]

Much appreciated! Thank you

[@surajaggarwal9277]

To be Honest, this is really great video, being an investor, I will now invest in REITS for diversification and returns.

[@shankarnath]

Thank you very much!

[@akshayme1850]

Wonderful video, before watching it I was assuming Mindspace was better than Office Embassy. Now got the clarity.

[@shankarnath]

Thanks. Glad you found it useful

[@anilmm2005]

Excellent content and highly recommended video in this age of mis information. This should be recommended so that users are able to get good knowledge. Keep up the good work

[@shankarnath]

Glad it was helpful! Much appreciated 🙌

[@VIVEKKUMAR-nj1wt]

I really enjoyed watching your video 😊 You just cleared all my doubts! Did great work 👍

[@shankarnath]

Glad it was helpful! Thank you Vivek

[@naveenkumarsharma2716]

Excellent presentation 👏👏👏 A very informative video presentation. Thanks a lot Mr Shankar 🌹🌹

[@shankarnath]

Most welcome. Glad you found it useful

[@HareeshSurya]

Very good comparison on REITs. Gives a good sense on the valuation also. Keep posting such insightful content.

[@shankarnath]

Thank you Hareesh. Yes, there are periods of over and undervaluation. In my view a drop of 3-4% below -15% (minus 15%) is a potential entry point and anything above -5% (minus 5%) seems like a 'get-out' point. That's my assessment from this research

[@HareeshSurya]

@@shankarnath Bang-on 👌

[@ravikumargupta1039]

Great value add. Keep it up Shankar :) You are doing fantastic work. Cheers

[@shankarnath]

Thank you!

[@anujoybardhan]

Another good one Shankar! So I have invested in this Embassy REIT . So really liked the concept where an ordinary person like me can buy a small portion of a bunch of commercial rent generating properties and generate some rental income from these. I hope REITs do well in India, since this is still a new concept and we don't know how this instrument will do in the long run. For now all 3 only have dividend yields to keep investor happy since not much capital appreciation is seen in these ,also the fluctuation in prices is quite high, I mean when we buy a property we don't kind of see the daily prices of that property and as you said even the REIT publishes a value once in 6 months. This creates arbitrage opportunities , quite sure😉.

[@shankarnath]

Thank you, Anujoy

[@karthikreddy8567]

Hello , how much have you invested and so far how much returns did u get from REIT

[@anujoybardhan]

@@karthikreddy8567 So as I mentioned the return is only the dividends received which is roughly 20-21 ₹/share...however the base amount hasn't appreciated but infact depreciated by 8% from my average buy price. Have you also invested in Embassy?

[@coolmonkey5269]

​@@anujoybardhan in wat month does reits calculate the nav and where can we see itz history

[@anujoybardhan]

@coolmonkey5269 check the website of the respective reits, it's mentioned in their report as well, if not Qtrly then either in the half yearly or annual report

[@yogeshdixit1]

Interesting to know about this asset class. Thanks a lot🤟

[@shankarnath]

My pleasure!

[@gagansn8290]

I invested in all of this, to diversify my portfolio so that I can have some exposure to real estate also I get a good dividend payout also some capital appreciation with less risk, and I have allocated 5% of my portfolio for this.

[@shankarnath]

Thanks for sharing, Gagan

[@coolmonkey5269]

too low

[@coolmonkey5269]

ive alocated 25

[@Karthikeyanrk22]

In depth analysis.. fabulous... Quality content 👌

[@shankarnath]

Thanks a ton

[@Mr2win123]

Thank you Shankar for this excellent video

[@shankarnath]

You're most welcome 🙌

[@srinivasansukumaran2479]

Extremely useful content in all your videos presented in a very lucid easy to understand manner. Thank you very much.

[@shankarnath]

You're very welcome! Glad you liked it

[@harisoma]

It's really a value investing every time we watch your videos sir🙏

[@shankarnath]

Most welcome, Hari. Glad you liked it. By using numbers and different models, I'm always trying to improve my odds of accepting or rejecting the company at that point in time. Investing is not about precision, its about better approximations

[@ramyasri6093]

Excellent one sir .. Thanks for the continuous knowledge

[@shankarnath]

Always welcome

[@tenshares]

👍 You're doing great work, my friend, truly appreciate that.

[@shankarnath]

Thank you very much!

[@ankitmehrotra29]

Once again awesome content, presentation, and video edits… ❤

[@shankarnath]

Thank you Ankit

[@vijayc6267]

I have seen reit related videos before it felt I wouldn't get any return and loose money but this video made me feel I can invest and generate reasonable returns

[@shankarnath]

I'm glad you found the video helpful!

[@jvarunkumar]

@ Shankar Nath, @10:40 the two images were supposed to be different but are mistakenly the same.

[@shankarnath]

Yes, apologies! My editor too caught that after the video went live and was a bit upset about it. He's young but my older self told him: bade bade deshon mein aisi choti choti baatein hoti rehtein hain :) Btw, the cumulative numbers of 41% and 49% is accurate though. This can be verified on the investor presentation that's there on the REIT's website.

[@shauche]

Excellent video. I was looking for fundamental information about REITs. I stumbled upon tis video and now I can say that I know the basics. Thank you Shankar Ji for this excellent video. I tried looking for more information related to NAV, share prices etc. I could not see the NAV of the REITs. Where do I see the NAV of REITs ?

[@shankarnath]

Most welcome, Milind ji. NAVs are available in REIT company's investor presentations (you can find them on their website)

[@shauche]

@@shankarnath Ji Thank you for the quick response.

[@savekidneytogetherwecan8887]

Good presentation and very good oration!!

[@shankarnath]

Thank you very much. Glad you liked it!

[@abhijeetgyal]

Superb analysis, thanks for sharing! 👏👏👏👌👍

[@shankarnath]

My pleasure! Glad you found it helpful

[@anish315]

Very lucid presentation... Keep up the good work

[@shankarnath]

Thank you

[@vishnusasi7098]

I think that ur profession must be aching. Because ur phase expression to captions are exalent just like ur viedios content

[@shankarnath]

Thank you so much

[@rishi_sir]

Great content!! Keep it up 😊

[@shankarnath]

Thank you!

[@rohanpawar8441]

Please make a update video on REIT's..

[@shankarnath]

Thanks for the suggestion

[@anudevmadhu902]

Superb and highly educative

[@shankarnath]

Thank you!

[@ragupatt]

Superb coverage of this asset class. Particularly, thank you for helping me to understand the valuation.

[@shankarnath]

Glad it was helpful!

[@chandrimad5776]

Again great content, very informative 👍

[@shankarnath]

Glad you enjoyed it

[@szsouvikzs]

It’s a good day when Shankar uploads a new video. Btw, do you think it makes sense to create a smallcase of all the 3 REITs and invest every month for diversification purpose? Thank you.

[@shankarnath]

Most welcome, Souvik :) With re: your question .. personally, I won't do that. Because this video shows (via those 6 factors) that we can adequately estimate in which REIT the odds of making returns is the highest. It's a bit like being presented with three Christmas gift options by my employer .. a car, a scooter and a bus pass .. and I say "give me one-third of each". No! I'll prefer to play the cards which give me the highest odds of hitting the jackpot. That's my view.

[@szsouvikzs]

@@shankarnath Thanks a lot.

[@mnhr.jha7]

@@shankarnath Which one is Car 😁

[@vmshastri4983]

Fabulous 🎉 thanks so much for your efforts!

[@shankarnath]

You are so welcome!

[@rajpachori]

Thank you. Quite insightful. Plz consider making video on InvIT also 🙏

[@shankarnath]

Most welcome. Thanks for the suggestion!

[@mohanr7710]

Thanks a lot for your highly informative educative session

[@shankarnath]

It's my pleasure, thank you!

[@KUMARAMV]

Thank you @Shankar Nath for yet another insightful video. Two questions: 1. NAV: You mentioned that NAV is declared once in 6 months. Is there a specific date when this gets declared? Is it different for different REITS?. To understand if a particular REITs is trading at a discount or not, is it possible to create a tool (a google sheet or something) which gets updated periodically? 2. You mentioned that the dividends/interest are declared and paid once in a quarter. Is there a fixed record date for payment of dividends and does it differ among the different REITs?

[@shankarnath]

Most welcome 1. I am not sure where the REIT company publishes this. I saw this in the investor presentation but it's possible that the REIT might be announcing it to the exchange or in the quarterly filing. Pls have a check on that but it's definitely there in the investor presentation 2. I am not a software developer but surely if the NAV can be extracted from somewhere then fetching the REIT price is very easy. If NAV needs to be manually inputted once every 6 months, then don't need a software developer also and an alert in portfolio tracker or Google Finance should do the trick 3. There is no particular fixed date but there is a close enough pattern. Here, have a look at Embassy Office Park's dividend cycle : trendlyne.com/equity/Dividend/EMBASSY/139325/embassy-office-parks-reit-dividend/ 4. Yes, every REIT seems to have their own dividend payment cycle and date

[@KUMARAMV]

@@shankarnath Thank you very much for your response

[@joethim]

Good insights into REIT. Thanks for sharing

[@shankarnath]

My pleasure!

[@mywaymusic9208]

Do they give those 2/3% rents monthly?

[@Vinod_Passy]

Shankar jee, your videos are top quality. Which REITs is best suitable considering all the points you made, taking into consideration geographical reach, Divident, appreciation, occupancy factor etc. I would have loved to hear that one from you, but you left me with only analysis

[@shankarnath]

Thank you for your kind appreciation, Vinod ji. My videos are educational and it is unlikely they will include a best fund, best stock, best ETF, best product etc. Instead, I offer a path for serious investors to learn and build knowledge for a lifetime. With the price of stocks going up and down, I feel the ability to select the right one and the right time and for the right reasons will serve people more. While the % of people interested in the process is a minority, thankfully for a country as big as ours, its still quite sizeable.

[@jaikishansmspl39]

Do continue sharing such contents

[@apurvash999]

Thank you so much!

[@shankarnath]

You're very welcome!

[@prk3136]

Good information and nice presentation.

[@shankarnath]

Thanks a lot :)

[@barunchatterjee1223]

As usual, it's too good.

[@shankarnath]

Thank you Barun

[@rohankusnur8538]

Great content as always.

[@shankarnath]

Thank you Rohan

[@singh2varun]

Mazaaa aa gaya... Very helpful thanks Sir

[@shankarnath]

Most welcome

[@sevvaluderreddy1791]

Very good information. 👍

[@shankarnath]

Glad it was helpful! Thx

[@mukeshkannan7837]

Thanks Shankar for the wonderful insight about REIT's. Is there any mutual fund offers REIT instead of trading? Keep up the good work.

[@shankarnath]

Most welcome. There is an international REIT by Kotak but I'm not aware of a domestic offering.

[@Babylon-qo3or]

Why they didn't give dividend yet.

[@chitram4765]

Thank you for this information😊

[@shankarnath]

My pleasure 😊

[@sibisangameshmahalingam8759]

A good one, Shankar! When you plan your next video on REIT, can you explore the rationale of selling presently owned undeveloped land and investing in REIT instead? A wild thought is by doing so, I can get rental income without the hassle of taking debt, developing rentable property on the land and then rent it.

[@shankarnath]

Thanks. Apologies, I don't have a timeline on a follow-up video as there is still a lot in the queue that I want to cover first

[@sibisangameshmahalingam8759]

@@shankarnath Thanks for the reply, Shankar. Keep up your good work!

[@girishpotti2242]

Can you please re look at investment in REIT now as they are giving 15%+ dividend. The risk reward ratio is favourable now I guess. Looking for your thoughts here in your educational videos 😊

[@SuperTraderClub]

Can you share more details on the one you are referring to.

[@karthikeyanv463]

Thanks Shankar. Another great informative presentation. Your presentation style has changed (good) and a touch of humour always helps. I am following you since ET money times.

[@shankarnath]

🙌

[@hemangisanghvi980]

Sir, these days, we see a pre leased property in warehouse category ... How far this is trust worthy or safe for retail investors

[@mineshtemkar9963]

If possible please make a presentation on Nexus Select REIT.

[@shankarnath]

Thanks for the suggestion

[@gajananbennurkar7047]

Very good information

[@shankarnath]

Thanks

[@sunscary]

Nicely explained

[@shankarnath]

Thanks for liking, Sunil

[@mahammadbasha9404]

Thank you

[@shankarnath]

You're welcome

[@subhasishghosh4196]

US office REITs are trading in between 16% to 32% discount on NAV from last for years ie February 19 to till now. Is it justify that all Office REITs will trade most of the time at same kind of discount as same as US office REITs. Thanks for your in depth research.

[@shankarnath]

While I have looked at only Indian REITs, I've observed a general discount-to-NAV pattern. Here it is 14 to 16% so anything distinctly above or below offers high odds of a successful exit or entry. I'm certain, the US REIT will also have some general band where these instruments operate within.

[@navinpaliwal9758]

Thank you sir. very well presented. Can you advsie if the investment property in a REIT is valued on acquisition cost basis or is the value updated frequently on the basis of market value of the property?

[@shankarnath]

Most welcome. The methodology of assessment is available in the annual report of a REIT. I don't think this is at cost basis and it will be closer to market value.

[@MrDkumar1]

How to show this income in itr, under which head

[@rajeevroy4383]

As Usual, an excellent presentation supported by real time data explained in Layman"s language. This was an upgrade of your presentation on similar subject a fewmonths ago but a lot better now. I loved the cute mistry Shankar peeping up and requesting viewers to subscribe to the channel somewhere during presentation. As all my investments are in mutual funds, I want to invest in this vertical too but through mutual fund route. Why there is no FOF of REITS . The ones available are for foreign REITS except Parag Parikh. .That makes our lives easier. I say this because I and my family are used to mutual funds and starting investment directly in share market will be another big hassle. Please advise.

[@shankarnath]

Thank you, Rajeev. Interesting point you raise. Yes, it does take sometime and mental convincing before doing something new. I find the best way to solve a problem is to pen it down and do an if-then-else

[@insanemaverick1]

Hi, great content. Could you also let me know about the fees/charges that have to be paid to the REIT managers and any other fees if any!?

[@bhupendraswamy567]

From where can we get complete list

[@preetamshetty6679]

Great content

[@shankarnath]

🙌 Thx

[@Musashi279]

Hi Shankar , Is REIT still good investments considering new rules for debt funds and FD .

[@shankarnath]

Hi. I haven't done a follow-up on REITs. I'll circle back once there is enough information to make an opinion. Btw, REITs have their own little complication now (please read up more on it .. I even have a community post on it at kzbin.info/door/tnItzU7q_bA1eoEBjqcVrwcommunity?lb=UgkxWMlTnDnQCfniUg37migRlqDeYM2l4Bkn

[@sakshikhorana]

Vey well explained. Thank you.. A querry!.Only 1 can be bought in a day or a month?Could you plz elaborate!

[@shankarnath]

Most welcome. Sorry, I didn't understand. Did I say somewhere that "only 1 can be bought in a day or month"?

[@Palkantshashi]

One suggestion. Try to make videos in Hindi. This will increase you subscribers like anything because of your presentation and content.

[@shankarnath]

Thanks for your suggestion. I'm looking at several tools that can convert my videos into Hindi.

[@niansh]

I didn't get one point. Please help me with this. 1.How will the benefits of property price appreciation be transferred to the investor? If I purchased a property for 50L 5 years back and sold it today for 1.2Cr, that means I got 70L capital gains apart from rental income. How can this be possible in the case of REIT? Here I'm selling the REIT unit, not the property. Whatever the rise of market value of the property stays with the trust. Also, the unit price formula does not consider the market value or ready reckoner value of the property. It is purely based on buyer - seller activities. 2. Can I save tax by investing in REIT if I invest my capital gains by selling my house? Please let me know. Thanks 🙏

[@shankarnath]

1. The REIT manager holds the property and not the investee. The investee has units in the REITs. Its similar to mutual funds where the investor does not own shares in the companies, the AMC/trust owns those shares 2. Sorry, I am not sure of tax matters. A tax advisor is more equipped to answer this

[@niansh]

@@shankarnath thanks 👍

[@hemangisanghvi980]

Sir, can you explain pre leased property ? Which also happens to be commercial property. You also have a private body like hbits, who offer such preleased property

[@shankarnath]

Apologies, I don't know anything on pre-leased property. I'll add it to the content queue

[@rajugsg]

You're always a master when it comes to content creation! 👏👏👏 Subscribed! and liked it!!❤️ Thanks for this wonderful insight on REITS.

[@shankarnath]

Thank you so much, Raju. Much appreciated

[@muralik8504]

Please make video on investment trusts e.g. IRB, India Grid. Thanks

[@shankarnath]

Thanks for your suggestion. I will add it to my content queue

[@raizanumrigar2587]

Thank you for this much needed video on REITs. So if the 90% of the distributions made by MINDSPACE are taxfree , does that not make the dividend yield more attractive at 5.6% which wont be taxed in the hands of the investor. did i get it right ? thanks in advance

[@shankarnath]

Hello Raizan, you'll have to do the calculation on the post-tax yield part. I'm a recent REIT investor so haven't experienced the dividend part yet. Maybe I can circle back in a couple of quarters from now.

[@siddeshnaik2296]

It is tax free for the REIT which it will distribute later to unitholders. whatever dividend u receive will be taxed like a normal dividend The REIT receives two kinds of dividends one tax free and other taxed

[@cricketfeverrrrrrrrr9124]

Please create a video on invits too.

[@shankarnath]

Thanks for the suggestion

[@raizanumrigar2587]

Hi shankar, any plans on making a video on the listed INVITS ?

[@shankarnath]

Hi, I already have it in my content queue. I don't have a timeline on it yet

[@girishguptha257]

Thank you Sir, please share the link/website to check the NAVs, occupancy rate etc.,

[@shankarnath]

Please go to each of the REIT websites and into investor relations and then pull out the investor presentation. All data will be available in the PPT/PDF

[@PS-ps6ow]

What is your opinion on Embassy at current prices?

[@sivaskyline]

Please share your insight on powergrid Invit share

[@savekidneytogetherwecan8887]

One quick question. How and who will assess the property/assets market value 6 monthly? Any thing clear from SEBI’s end?

[@shankarnath]

The REIT submits NAV every 6 months. You can find that in their investor's presentation.

[@nagasahitya]

Please make video on India Grid invit and power grid invit

[@shankarnath]

Thx for your suggestion. I'll add it to my content queue

[@jaishriiyer1563]

Is there any portal where we can watch the progress, returns of Reits quarterly?

[@shankarnath]

Sorry, no idea. I prefer looking at the investor presentations in the REIT websites afterall, there are just 4 of them

[@rishabhiitb]

Beautiful video

[@shankarnath]

Thank you

[@boyfromthemountains]

Do remember me once you get famous! 😊

[@shankarnath]

It's easier to remember if you create a positive differentiation :) How? 1. Send me a Super Thanks 2. Give me a following tribute in your Linkedin profile 3. Set up a collaboration of some sorts for me that helps me reach more audiences/viewers 4. If you know where someone lives, send them a book (physical touch really creates an impact) I've personally seen the impact of these small & sincere efforts bear fruit after many years. Just something I got reminded of :)