Admiral's Field Notes Series - REITs and Rental Real Estate

The aim of this series is simple. We depict the key structure of an industry by laying out its key characteristics and points of contention. We believe that armed with this information, analysts can analyze companies in detail, and make informed assumptions on their companies. From this, analysts should be able to identify attractive investment opportunities.

As with our internal analysis, these field notes begin with 10 simple questions that lead to a focused but comprehensive discussion of an industry. These questions form a structured analysis of the overall industry. We also included Admiral's notes on the ten questions in the appendix for analysts interested in a more detailed discussion on why these ten questions matter.

Source: Admiral Investment

Clearly written, yet comprehensive with a lot of details. As a professional investor himself, Victor has written a guide that highlights all the crucial points when an investor values a stock investment opportunity.
– Joanne Kua, CEO, KSK Group Berhad

Admiral's Field Notes - REITs and Rental Real Estate, is a well-organized presentation of the fundamentals of REIT investment analysis. This book examines the sector from wide variety of perspectives and it is an informative guide to the REIT sector.
– Tony Ho, Managing Director, RED Capital Asia

Victor is a passionate, and a well respected investor of listed real estate securities in the Asia Pacific region. His experiences and approach on analysing the industry, as well as that on the financial and operational aspects of real estate companies are extensive and practical. His thoughts and experiences shared in this book are frank, insightful and valuable.
– Kenneth Tsang, Senior Analyst, Hong Kong & China Property, Sanford C. Bernstein

This book contains a wealth of information on value investing. I especially like the numerous real world examples that explain the concepts.
– Bao Fangzhou, Senior Partner, AllBright Law Offices

This Real Estate Volume of the Admiral's Field Notes Series lays out, in simple but comprehensive terms, how to analyze the property leasing market and its market players, including REITs and rental real estate companies.  It is a very useful, practical guide for investors, analysts and asset managers to understand their interested markets and evaluate the performance of the individual companies/entities.
– Clement Lau, Head of Development and Valuations, Commercial Property, Hongkong Land Limited

This is my first book on REITS and Rental Real Estate. I found it easy to read with terms and concepts clearly explained. It is like reading the ‘REITS and Rental Real Estate for Dummies’. I have benefited tremendously and strongly recommend it to anyone who wants to learn something about this topic. – Dr Solomon Yeung, family doctor in private practice