trying to sell my atrium reit @1.06 who wanna buy!

i was queuing at 1.08 when cum-dividend haha, now ex liao queue at 1.06

not happy with atrium's growth prospects, seems like getting left behind by other reits liao, so im planning for a jump to hektar/qcap
aiya today only matched 50 lots(x100) sold. kena makan commission <.<

This post has been edited by teehk_tee: May 11 2011, 01:40 AM

these big names are priced based on branding.
so u can expect a big premium on their REITs due to popularity.

probably low yield ~5.5% but capital appreciation from IPO + 15% above

yeah.. it keeps appreciating
was worried about competition from empire subang at first, but there yields steady, so i jumped in a little bit, now wanna top up more haha.

below 90 is a good time to accummulate for above 8% yield

wah u queue 88 then i queue back at last year price 84

fatt sei!

added more arreit yesterday at 91.

any further drop is an opportunity but i feel currently the price is being depressed at 91

the tax structure is different for REITS,
but for us layman, it's 10% withholding tax generally.

i remember the wise words of cherroy when i think of Atrium (i used to hold atrium for about 2 quarters). Atrium has 4 properties, all industrial, 1 tenant each.

in the case 1 tenant move out. rental - and yields will fall drastically. I also recall one or 2 of atrium's contracts are due to run out soon.

hahaha, good thinking.
but usually they'll nego a continuation of the lease beforehand. just saying that a portfolio of 4 industrial properties isn't exactly aggressive rental growth.

same broker office that you opened your nominee account, instead tell them u want a direct acc they'll give u a CDS application form to fill in on the spot, pay rm10 settle.

Arreit distributed 1.812 sen per unit. just received the cheque today! yayyyyyy

arreit distribution policy is 95% of net profit.

hahaha, u think this is trading business?

need property just gear up and issue shares. just like that.

http://mreit.reitdata.com/
good place for reit yield info.

CMMT and Sunreit have the lowest yields because of their premiums in the market (good capital gain, low yield).
my personal favourites are arreit and hektar for their stable yields.

ETF only got 5 ETFs.. low liquidity.

i think it's ok if u see their distribution and income statement. they literally give out all their money after deducting for managers / trustee fee.

looking at their ARREIT's recent distribution statement, after distribution retained income is RM546,608 / 0.00953 Sen per Unit.

going by HLe's rounding up system it's negligible earnings hence P/E is that way.. at least that's my presumption. thing with reits is different reits have different payout ratios, importance is consistency, yield, occupancy & tenants, and income growth.

2 sens.

im on Hle also.
P/E is N/A right..
the system calculates P/E as market cap over Net Profit. in the quarterly reports posted to bursa the declared net profit was 0.000 while the 2 rows below are correct, income = 1.91 sen/unit, distribution = 1.81 sen/unit.
i think is selective disclosure or accounting practice. because in the distribution statements posted along with the cheques it does declare a slight 0.1 sen income retained (no mention of profit).

selective disclosure why.. probably because PER would be 248 with that tiny profit they are ploughing into retained earnings.

but im no accountant. the disclosure on my distribution statement has been transparent, not sure whether it is something between bursa and the trustee?

certainly is a good question to ask... maybe i should go ask my accountant friends.

This post has been edited by teehk_tee: Jul 25 2011, 06:26 PM

no, u got a valid point. but i think there's a slight difference in accounting principle interpretations for arreit. so that could be the reason because in their statements they don't mention profit at all. it's just retained income, distributed income etc.

at least thats what i think. but dont take it from me because i got vested interest in Arreit. (and a lot as well )

i think they got bored with their 4 properties