i think some people would call that moving forward....

if certain reits don't grow.. or acquire more properties and so on.. they will be like stagnant.. and
then ppl will start to think are they incompetent not to be able to manage more properties and so on...

i think its good that they grow and have a bigger nicer portfolio..

# reg. monkeyking's post

I don't give a damn what the REIT insider doing, dumping shitty properties, overvalue properties.... bla bla bla. Who cares anyway? There are so much things to worry in this world, this is the least I would concern about,

At the end of day, just SHOW ME THE MONEY in term of quarterly dividend. NO MONEY NO TALK. IF the dividend is dropping every quarter, just sell it off. All the MREIT are giving minimum 6%PA return, so much  better than FD, of course you dun compare to normal stock like KBUNAI, that shoot up 300% in 1 week

But one thing is true in the article, MREIT are illiquid. volume will only shoot up when MREIT is declaring divident, the volume will keep raising until EX-date, after that it won't move like a dead stock.

drop 5 cents  for adjustments on ex-date(because divvy almost 5c), might rebound

hmm....
if not wrong , the adjustments is due to there will be a deduction of lump sum for dividend payment in the accounts.

not taking seriously at all , still wondering

Market price will be deducted by the 5 sen at ex-date so do the NTA. Normally market price is adjusted by Bursa at ex-date and the NTA will be adjusted when the actual dividends are paid out.

Just give an example that company A had an NTA of 2.0 but traded at 1.5 at 1 Feb. Later it announced to pay dividend of 0.05 each share, ex-date at 1-Mar and payable date at 1-Apr. So when the market closed at 29-Feb, the NTA was still the same at 2.0 but the share price increased to 1.6.

In the morning 8.30 a.m. at 1-Mar before the market started to trade, Bursa adjusts the share price to 1.55 (=1.60 - 0.05) but NTA still the same as 2.0.

Later when day came close to 31-Mar, the NTA and share price did not change since 1-Mar at 2.0 and 1.55 respectively. The actual dividend were then paid out in cheque/e-dividend to shareholders at 1-Apr and thus the NTA will be adjusted to 1.95 (= 2.0 - 0.05) but the share price still remained as 1.55

Yes, that why some investors would think dividend is irrelevant, because paying dividend is kind of transferring from your left pocket to your right pocket.

From example, before the declaration of dividend of RM0.05 each share, you are holding 1,000 units stock A with a market value of RM1 each, so your total investment value in this stock A is RM1,000 (= 1,000 * RM1). After getting the dividend, the market value of the stock A becomes RM0.95 (=RM1 - RM0.05), so you now have a stock value of RM950 (=1,000 * RM0.95) for stock A and RM50 in cash (= 1,000* RM0.05). As a whole, your total wealth still remain the same at RM1,000 (= RM950 + RM50), which now just in a form of stock+cash rather than all in stocks.

And even worse in a case that RM50 cash dividend might not be worth RM50 because people might spend it rather than reinvest it back or keep it in the bank. If you spend the dividend, you only have wealth RM950 now .

Dialog = Final Single Tier Cash Dividend of 18%

Not much factors to consider. Buy/invest just depends on the return, risk and your willingness.

At least know some background of the REIT that you want to buy and the advice before simply buying anything is to keep some portion of $ in cash just in case that you need it in emergency.

I am in SUNREIT.. Quite diversified in its profile, and we had yet to see its full potential yet since it had just started 6mths back.

Positive outlook for SUNREIT as it continue to grow and expand its market.

It is the extension of Sunway Pyramid.. Linked to the existing complex. I do not want to confirm anything, but theoretically, it should be under Sunway Pyramid.

So with that area of net lettable area of 240,000 sq ft, it can somehow increase to the portfolio revenue. And when portfolio revenue increase, dividend will increase. When dividend increase, share price will increase as well. But this will not happen immediately, and it will take some time to unveil this.

Not to be bias, but I am positive with SUNREIT on its future expansion plans and developments.

---

Added on January 17, 2011, 10:05 pm

Well, Queensbay is Penang. Penang had its own demographic there.
Sunway is location is definitely strategic. It is a classy place to live in, don't you feel it?
There are branded Colleges and University in that area (Sunway College University is good and reputable for itself already).
Consider the student market at that area, and it will only continue to be even busier and busier in time to come.
And when the market is there, and getting busier, economy will be good there, and automatically give space to rental to hike up..

The only 1 thing bad about Sunway area - Public Infrastructure is not good enough. Not accessible with Train transit yet..

REIT can enter to a forward purchase agreement to buy an under construction property, which is to mitigate construction risk.

where got drop?
Arreit started  4x quarterly distributions (once in 3 months beginning last year's Jan 2010)
Previous year 2009, distribution was only 3x per year (once every 4 months)
total 2009 distribution = 7.16
total 2010 till Feb 2011 = 7.32

Arreit's latest total distribution:
7.32/94 cents = 7.78%

*almost triple of fixed deposit rates

stareit is quite laggard atm so as the yields but maybe the new injections of properties was not completed yet so not many investors was interested on it and maybe after the exercise was completed only can have a higher payout. just my view but above reason may make it more interesting at least for me. ARreit is a good for lowest risk coz most of the properties was leased by GLC linked company...... but i really feel this year will have another reit listed on bursa. 

Cos i compare the DPU with previous quarter 

Alaqar should yield better compare with arreit however i cannot compare both of them as they owned different properties portfolio.

Looking for 12-13% ?  Where were you when Atrium was below RM0.65 early 2009 ? I bought at RM0.625/0.63 giving current yield of about 13.8%.
But would you dare to buy then ? None of my friends dared to touch the stock market at that time. The prevailing mood at that time was that the sky is falling down & the KLCI would drop to zero ?!

The thing about trading/investing is to be practical and able to anticipate well in advance possible catalyst scenarios & have the courage to act accordingly. Otherwise, success would just remain an elusive daydream.

If you can find any counters yielding a consistant divvy of 12-13% now, I am sure the whole of Lowyat.net ppl would like to know. Me included 

No need book lar, you can work out the logic mah. Lets say a prominent REIT, sell queue 1.20, buy queue 1.19

Lets say Buy 1.19 x 50,000 units = 59,500
Trading fees = (0.08% +0.03%) x 59,500 =65.45
Stamp Duty = RM 60
Total buy cost = 59500+65.45+60 =59625.45

And immediately put in sell queue...

Sell 1.20 x 50,000 units = 60,000
Trading fees = (0.08%+0.03%) x 60,000 = 66
Stamp duty = 60
Total Sell cost = 60,000 - 66 - 60 =59,874

Total profit = 59874-59625 =RM 249

Total returns = 0.418%, then rinse and repeat ... the higher your capital the more you earn, but spread the risk over several REIT's ....But there is risk if the reit do fall, you will lose your trading fee... reits usually tend to go up near distribution..

Also for that kind of trading fees, you cannot use contra, must be usually cash upfront account...

If lose money don't come find me yah. 

Agreed! Thus i said i'd pickup at the right price
Everything has a right price and if it's not at a right price, dont lar buy in. Heck, even things like PBank and Nestle - good Co & managed well, but at the wrong price, waffor?

I'm just a simpleton - buy MORE during sales and buy just ngam ngam if ok price, and avoid like the plaque when it's way too expensive. Just like groceries shopping - stockup cow cow during sales AND if it can be kept properly AND it's useful. Else ignore or buy just enough. I'm a "domesticated guy" - what to do bwhahaha.

Quick quick - ask me which airconditioner, washing machine and vacuum cleaner has the best bang for the buck (ie. does the best it suppose to do at the best price of purchase & usage)

Note - i'm just totally cheesed off by the fler making a blanket statement about office REITs AND telling people to sell off. Dude - U have crystal balls ar? If not, dont lar make blanket statements like that - IF THEN ELSE statements good, BUY BUY BUY SELL SELL SELL with general blanket statement is not right. In addition, apparently if there's a sell off, it's not of value to people like me? Again - mana itu logic? At what price point mar, sheesh.