No, there will still income from JW Marriot, Ritz Charlton, Japan resort, and newer properties injection should be completed before 4Q 2010, I would say expect some drop in dividend as there is gap between the disposal and injection of properties.
As Stahill and Lot 10 compeleted the disposal on June.

The realised capital gain and money proceed from it will be used to acquire/fund the newer properties injection, which has stated in the proposal.

While the disposal involved cash (600+ million) + Starhill Global convertible preference shares (400+ million), which carry 5.65% yield.

So Stareit by holding the convertible preference shares, still getting 5.65% income from it aka 400 mil x 5.65% = 20+ million interest income annual, or 10+ million for the 2nd half of 2010.

So it is not the like total no income.

No special dividend lar, already mentioned as well as stated in the rationalisation proposal.

I don't think it can lower than 0.95 in near term.

0.90 could be a good bargain.

The only way is to call your broker to verify.

This is more for initial period after IPO only.
Not forever.

They appoint stablising manager is because both of them size of IPO is rather big as compared others. There are a lot of free float shares around.

High yield reit come from high leveraged reit.

In 2008, there are a lot of overseas reit went under main because of leverage issue, which in severe recession, and credit freezing time, those high leveraged reit cannot refinance the loan commitment, so need to fire-sale their properties during that time which is the main reason those reit went under.

If solely properties valuation depreciation, those reit won't suffer as what 2008 happened.

Recession is always associated with credit freezing because generally banks reluctantly to lend in recession due to credit risk.
Banks are always like that, promote/give their umbrella during sunshine days, but keep those umbrella during rainy days.

It is not a small exposure, but a 100% exposure.

We cannot take reit pricing in the stock market as a 100% accurate indicator how the situation property market is.

Reit price in stock market is directly affected by short term demand and supply in the market.
We can also say, there are a handful of cornerstone investors like insurance fund, pension fund that willing to take up large chunck of the IPO at higher instituitional, some can interpret they have confidence as well.
So we cannot conclude anything from it.

As reit portfolio is only a few properties, some properties may have lower valuation, lower yield than the other due to location wise, and specific issue.

Sunreit price lower than its IPO mainly because the yield is not attractive and lower than average reit out there. So does CMMT.
Aka the valuation of the reit on IPO is on fully value basic. It doesn't offer discount/bargain to investors, while other existing reit does.

Sorry, I don't quite understand this statement.

Kind to elaborate on this.

This post has been edited by cherroy: Jul 18 2010, 12:26 AM

Lowest only 0.87.
yes, you are right, happened on intraday basic.

Just my comment is because a lot of people subscribe the IPO hoping when it listed time, price will register premium which they can make money from the IPO.
So a lot of people presume it is a bad/weak IPO.

I expect the price will stagnant for some period of time.

Don't expect it to dip more than 2 cents, nor up more than the same degree.
Stuck about this kind of level.

Bare in mind, both Sunreit and CMMT got stablising fund managers working around.

No lah.

7.12 is including property revaluation (gain), real earning is 3.95 cents.

Axreit's Quatrro (Nestle house) is expected to contribute improvement in EPS/DPU starting next Q.

The 4 cents is comprised of 3.95 cents (realised earning) + 0.05 (non-taxable) from capital allowance utilised.

The 0.05 come from capital allowances, not something borrow money to pay you.

Earn/profit is not equal I have.

Company can earn 10 cents profit but company can have 11 cents in the process of the earning due to depreciation incurred.

Realised earning - profit from rental activities.
Unrealised earning - in term of capital gain, which still register as profit
Capital allowance - as simplified term tax benefit given. It will be long explaination if start from scratch.
It is about tax benefit issue related which generally related to asset depreciation.

Peanut, at least got peanut to eat rather than no peanut at all.

If those dividend is peanut, then FD interest is like sesame already.

Peanut is several times bigger than sesame.

OKlah
7-8% yield is considerable quite good in current interest rate environment worldwide.

It is about yield in %.

Even a few ten K, also got a couple of hundred pay check per Q.
It is per Q not per year.

Yup, don't look down the 2-3% difference, over long term, it could be huge especially compounded, as you can get those dividend received for reinvestment, or as fresh capital to invest elsewhere.

I just bought Qcap last month.
Now hibernating, and keep close eye on Sunreit and CMMT.

Sunreit if being included in overseas reit indices, I may buy even at 0.88 level.
CMMT a bit tough, price quite stubborn, don't want to go down.

7% over 11 years compounded, Rm100 become Rm200 already.
3% (FD) over 11 years, Rm100 become only not more than Rm150.

Go to Holland together,
got companies.

I bought Rm1.01, cheaper 1 cent than you.

I actually average up the cost, previous only bought about Rm0.88 or so only.
Feel "painful" to buy the Rm1.01.

A lot of people always thinking my capital is small, so those dividend is peanut, so ended chasing those high beta stocks, goreng stocks around that potential have capital gain of 50% 100% one.
But in the end of the day, money burnt at least for majority people.

There are a handful of ordinary stocks that give good dividend as well plus potential higher capital gain.

So it depends on individual how to mix-bag between and taking the risk according to one's liking.

Reit is certainty not a best option, it is another option only for your investment money.

Fyi, from experience, it is not easy to make a double digit gain in the stock market on average over the long term.

I went to Holland a lot of time already in the old days or my early day in the market, you don't know only.
Get use (biasa) with Holland already.