We came across a bullish thesis on Hudson Pacific Properties, Inc. on Cundill Deep Value’s Substack by FRAGMENTS. In this article, we will summarize the bulls’ thesis on HPP. Hudson Pacific Properties, Inc.'s share was trading at $1.9800 as of December 1st. HPP’s trailing and forward P/E were 159.93 and 6.32 respectively according to Yahoo Finance. Office REIT Stocks SLG NSAM building business new york dawn vivid Stuart Monk / shutterstock.com Hudson Pacific Properties (HPP) has long been undervalued, n ...

Core Viewpoint - Investing in Singapore REITs (S-REITs) can provide stable and reliable passive income for investors, with specific focus on three REITs for long-term monthly income generation. Group 1: CapitaLand Integrated Commercial Trust (CICT) - CICT is Singapore's largest REIT with a total property value of S$27.0 billion, comprising 21 properties in Singapore, two in Frankfurt, and three in Sydney [2][3] - The portfolio's occupancy rate is 97.2%, with a weighted average lease expiry (WALE) of 3.2 years, and a distribution yield of 4.8% [5][4] - CICT's net property income grew by 0.2% year-on-year to S$874.2 million, with a slight increase in gearing ratio to 39.2% and an improved interest coverage ratio of 3.5 [4][5] Group 2: CapitaLand Ascendas REIT (CLAR) - CLAR is Singapore's first and largest listed industrial REIT, with a portfolio value of S$17.7 billion and 228 properties [8][9] - The portfolio occupancy rate is 91.3%, with a WALE of 3.6 years, and a distribution yield of 5.4% [10][9] - CLAR's DPU has shown stability, with a slight increase to S$0.15205 in 2024, and a healthy rental reversion rate of 7.6% in Q3 2025 [10][11] Group 3: Frasers Centrepoint Trust (FCT) - FCT is a suburban retail REIT with assets under management of approximately S$8.3 billion, owning four of Singapore's top ten largest prime suburban malls [14][15] - In FY2025, FCT's gross revenue increased by 10.8% year-on-year to S$389.6 million, with a total DPU of S$0.12113 [15][16] - The overall portfolio occupancy rate is strong at 98.1%, with a distribution yield of 5.4% and a rental reversion rate of 7.8% in FY2025 [16][18]