At current price, that translates to a yield of only 6.1%. But to those who bought below 90 cents, then the yield is ok at 7%.

Oh, I am looking ever forward to this year's dividend from AXREIT, where it will show its full potential. Looking at a minimum of 16.8 cents dividend from AXREIT

Cherroy,

The 6.1% yield I calculated was actually the net yield mate. If 6.1% is the gross, then surely many people will be crying all the way to the bank already

Too bad the gain on disposal is so tiny. Nevermind, I can take this 0.2 cents to eat pizza with my mom
cwhong,

collecting alagar rm1.08..worth it or not? i hereby declare that i am a shareholder of alaqar from today..

stareit's yield may be attractive and better. just don't like hotel business..high overhead but slim operating profit. no offence sifu cherroy..if stareit fall below 0.85 i will grab also. hahaha

Don't worry, ARREIT will be coming on Monday for the LAST MINUTE ang pow for you

The only worry is ALAQAR as it is usually late in declaring its dividends and report.
Well, I think most investors have already expected 2.2 cents from ATRIUM, that is why we don't see a jump. Next quarter fight for 2.4 cents!

low gear also mean under utilise...

lower gearing. if u can leverage 10x but instead u do 5x. don't u think it under utilise? as long as it's not over leverage i think is safe ...
btw what the average gearing in malaysia REIT?

after it paid dividen the price will fall?

Not only 0.85 but even higher at 0.865  

Reit paid dividen is after tax or the dividend need to minus the tax?

Is it worth it to have auto-reinvest ? By the way, today REITs also took a beating. Chance to topup

=====
Axis REIT: Proposes income reinvestment plan. Axis Real Estate Investment
Trust (Axis REIT) has proposed a plan that enables unit holders to reinvest their
cash distribution received into new units. Also, the property manager to issue up to
75.18m new units, representing up to 20% of the existing approved fund size.
(Source: Bursa Malaysia)

arreit NAV is shrinking

Oh.. It is named KAssets.. Now i can find
Hmm, if categorized it as REITs, this would be the most expensive REIT then.. Coming to Rm4

Anyone has Arreit paper after this announced divvi, please share. thanks!  Maybank usually wrote it. 
I'm kind of disappointed on its divvi declared. I am expecting close to 2 sen. 

Which is good if you are treating it as FD.
Actually most REIT are giving returns higher than FDs already.. Most perform more than x2 of FDs..

And of course it comes with some capital appreciation (depreciation) as well

A factor that is easily overlooked in the reduction of EPU and DPU of ARREIT in Q3 and Q4 is the upward revision of manager fees and trustee fees in mid-June 2010.. This may not seem significant, but manager fees and trustee fees have collectively increased by about RM405k in Q3 and Q4 respectively when compared to Q2 before the revision was done.. This shaves off about 0.7 cents per unit from ARREIT’s EPU..

For short term ALAQAR look very good .
TP: 1.28
Time frame 20 trading days

I do agree with you on the above, Cherroy.. However, I was approximating the increase in fees solely due to the upward revision of rates and thus trying to isolate the increase in fees due to the enlargement of Net Asset Value (NAV)..

To make my calculations easier, I used the RM405k increase in Q3 and Q4 manager & trustee fees when compared to Q2 2010.. I have done some calculations to clarify things below..
Before the revision, ARREIT’s manager fees was 0.30% p.a while the trustee fees was 0.04% p.a. of the NAV.. With the listing of units worth RM 119 million for the acquisitions of Selayang Mall and Dana 13, the NAV has expanded to about RM560 million in May 2010.. Using the old fee structure with NAV at RM560 million, a typical quarter’s combined manager fees and trustee fees would be about RM476k..

The revision of manager fees to 0.60% p.a. and trustee fees to 0.05% p.a of NAV was done in mid-June 2010..  With this new fee structure and keeping the NAV constant at RM560 million, a typical quarter’s combined manager fees and trustee fees would now be about RM910k..

Even though I kept the NAV constant, you could see that the manager fees and trustee fees has increased by about RM430k without any new acquisitions.. In my earlier post, I approximated it to be RM405k without any tedious calculations..
The latest NAV differs from my assumed RM560 million – it was slightly lower at RM558.50 million for the quarter ended 31 Dec.. And, the NAV is subject to fluctuations throughout the quarter and from one quarter to another.. However, this fluctuations may be minor since REITs maintain a high payout ratio, unless there has been issuance of new units or revaluation of properties.. In the case of ARREIT, I am of the opinion that constant NAV was a fair assumption in my calculations above..

Hi Wagnerk,

Thanks for yr analysis. It was very helpful to me.

One more thing, can revaluation surplus from properties be distributed out as dividends???

Hi Cherroy,

I'm just 20 years old (becoming 21 in few months time) and was wondering where to put my money. So i did a little research and found AS1M (which was sold out). Later I went thru FD but still felt the % was too low. So I read up about REIT and I think I found the perfect solution. With about 6% gains, low risk.....dividen type, I think it's more to my type (cause I don't understand much about unit trust or shares yet).

As such, I would like to ask you a few questions :

1) I need to be 21 yrs old before I can put my money in REIT or now also can?
2) I can buy REIT through the stock market thing on CIMBClicks/Maybank2u right?
3) I have about 1500 in my savings currently. Put it in REIT for long term will be better than FD right? (thinking long term)
4) I read thru Malaysia REITsthis graph but don't understand. For returns right, looking at the DPU more important or looking at the yield more important? I got the impression DPU more important, so the yield means nothing in terms of dividends wise?

Tower has price of 1.25, DPU 5.50 and yield of 8.8%
However,
Sunway has price of 1.05, DPU 6.70 and yield of 6.381%?

If according to your formula, DPU/Reit price..... shouldn't sunway have a higher yield than tower?

Also, in this case, would it be better to buy tower or sunway? My idea is to buy sunway because the price is lower and the DPU is higher. Would I be correct or wrong?

If I'm correct, then the yield doesn't mean anything?