SOME VERY GOOD COMMENTS & GOOD REPLIES TOO TO THIS TOPIC...THANK YOU ALL SO MUCH.



AM NEW TO REITS & THOUGHT THAT I NEED SOME MORE INFORMATION & CLARIFICATION ON Stareit BEFORE I DIVE IN......LATEST INFORMATION IS THAT IT IS SELLING IT'S 2 MOST VALUABLE PROPERTIES [ Starhill Gallery & Lot 10 ] TO A SINGAPORE REIT FOR MORE THAN A BILLION RINGGIT & LATER INJECTING SOME HOTELS INTO Stareit AS WELL. NOW, IS THERE SOME UNCERTAINTIES & RISK INVOLVE IN THIS.....FRANKLY I FEEL THAT HOTELS DOES NOT MAKE AS MUCH MONEY THAN Starhill Gallery & Lot 10.


JUST THIS....IS IT WORTH TO BUY STAREIT NOW OR JUST IGNORE IT?


I SEE THAT A NUMBER OF MEMBERS RECOMMEND AmFirst & Axis........WHAT ABOUT QCAPITA, TWREIT, BSDREIT & AREIT......ARE THESE 4 REITS SHARES WORTH TO PICK UP AS WELL....COMMENTS ARE WELCOME PLEASE...APPRECIATE IT.

Thank you brother cherroy for your comments...greatly appreciate it. Didn't know that using CAPITAL letters means shouting at others....didn't have any intention of doing this.....my apologies to all.


If STAREIT buys the hotel property & later rent it out then that's a positive note otherwise running a hotel business is a bit risky as there is always an element of loss & no profits.


My only worry now is that they may rent out the hotel property cheaply.


Cheers brother cherroy...you have a great day too.

Some REIT news worth reading......take a look please.....




Starhill REIT Unitholders Approve Disposal Of Starhill Gallery and Lot 10 Shopping Centre
Starhill REIT unitholders yesterday approved the disposal of Starhill Gallery and Lot 10 shopping centre in Kuala Lumpur for RM1.03b.The disposal of the two properties to Ara Bintang is part of a rationalisation exercise to reposition Starhill REIT as a hospitality REIT, the first of its kind in Malaysia. The sales exercise, is to be completed by 3Q10, will be satisfied by both RM625m cash and Singapore dollar denominated convertible preference units in Starhill Global REIT worth RM405m.



Sunway REIT To Sell 1.65b Units In IPO
Sunway Real Estate Investment Trust (Sunway REIT) plans to sell 1.65b units in its initial public offering at an indicative offer price of RM1.00, according to a draft prospectus released Wednesday. The IPO will be the largest so far this year in Malaysia and will make Sunway REIT the country’s biggest REIT with an estimated market capitalization of RM2.6b, well ahead of the current leader Starhill REIT, which has a market value around RM1b. 1.52b units will be sold to Malaysian and foreign institutional investors at an indicative offer price of RM1.00, with the final price to be determined after a bookbuilding exercise. The remaining 134m units will be offered to retail investors at RM0.97, or 97% of the final institutional price, whichever is lower. Bookbuilding is targeted to start June 10, while the retail offering is expected to open June 15. The final pricing will be determined on June 24. Sunway REIT is then expected to make its Bursa Malaysia debut on July 8.

Sunway Real Estate Investment Trust (REIT)


Fund size of 2.78 billion units.



Based on the Sunway REIT’s net asset value per unit (NAV/unit) of 97 sen upon listing, its price over NAV (P/NAV) was estimated to be at about 1x (based on the assumed IPO price of RM1/unit for the institutional offering).



The REITs’ dividend yield was only expected at about 6.7% (based on forecast dividend per unit (DPU) of 6.7 sen), which was below the average 8.5% for other REITs........YES, A MISERABLE 6.7% DIVIDEND WHICH IS VERY MUCH LOWER THAN THE PRESENT LISTED REITS......IN FACT, IT'S THE LOWEST.


I think I will skip this Sunway REIT & concentrated on the other Malaysian listed REITS.

Well said brother cherroy, yes REITS is a long term investment......not a get rich fast scheme.


I only wish that FD is about 10% & then it's goodbye to REITS......but I guess we have to wait a very, very long time before we come to that figure.



Cheers.

CapitaMalls Asia is offering MR$1.10 per share to institutions.


A source said that the cornerstone size was purposely made smaller than that in the Sunway REIT IPO to give good liquidity in the after market. At M$1.10 per share, the 2011 dividend yield is estimated at 6.8%. The REIT contains three malls valued at M$2.13bn – Gurney Plaza, Sungei Wang Plaza and The Mines.


2011 dividend yield which is estimated at 6.8%, is it a good buy.....comments please.



Cheers to all.

This post has been edited by monkeyking: Jun 13 2010, 02:46 AM

6.8%? ......too low to take note off .......will follow too ...just skip this offer and concentrate on the present REITS that are already listed.

Something for all to digest.



AmFIRST To Build Up Assets



AmFIRST Real Estate Investment Trust (AmFIRST REIT), Malaysia’s second biggest property trust by assets, is out to increase its asset size of more than RM1b and expects a deal to be done in the current financial year. Its performance will also be driven by the expansion of major tenant AmBank Group and progressive upgrading of existing buildings to attract new tenants. Am ARA REIT’s Manager said in an interview with Business Times that for every asset they acquire, they will look at its returns or yield and potential capital appreciation. He also added that they are actively looking at property acquisitions in Malaysia via its private real estate funds, which in turn will serve as a pipeline of properties to boost AmFIRST REIT’s investment portfolio.



Cheers to all.

Something to chew on......




SunREIT would be the largest initial public offering (IPO) to date for 2010, with about RM1.65 billion expected to be raised from the flotation exercise. It would also be the largest and most liquid REIT listed on Bursa Securities.

However, industry observers said SunREIT was expected to face heated competition with another REIT — CapitaMalls Malaysia Trust (CMMT) — that had recently received regulatory approval to float its three mature Malaysian assets on Bursa Securities. The REIT is expected to list on July 16 2010.

SunREIT had more and better assets compared to CMMT. SunREIT’s jewel in the crown, the Sunway Pyramid Shopping Mall, would enjoy higher rental pricing power, given that it was the prime shopping mall in the Sunway/Subang Jaya area.

Sunway Pyramid’s average monthly rental per square foot had increased to RM8.99 for the eight months ended Feb 28, 2010 from RM7.93 for the year ended June 30, 2007. Sunway Pyramid also boasts an average occupancy rate of 99.3%.

In contrast, CMMT’s jewel in the crown, Sungei Wang Plaza in Kuala Lumpur, was 62.8%-owned by CapitalMalls Asia Ltd (CMA) and thus, it would be more challenging for CMA to dictate rental pricing.

However, CMMT should not be underestimated as it had a strong parent in CMA, which is one of Asia’s largest mall owners and managers, with more than 70 malls in Singapore, China, India, Japan and Malaysia. CapitaMalls Asia may have only three properties injected into its Malaysian REIT currently. But given its track record and aggressiveness in acquiring and running retail malls across Asia, it is possible that more properties would be injected into the REIT in the future.

Up to 1.35 billion units would be listed, while a total of 786.52 million units would be offered for sale under the IPO.

CMA would retain a 41.7% stake in CMMT, but there is an over-allotment option of up to 15% of the total units amounting to 117.98 million units, which would mean CMA could retain only a 33% stake in CMMT.



CHEERS.

Does anyone here knows when the next Starhill REIT dividend payment is due?



Could it be around early August 2010?


BTW, any new developments at Starhill REIT ......any news appreciated.



Cheers.

This post has been edited by monkeyking: Jun 28 2010, 11:22 AM

Something very wrong or fishy with this price.


QCapita buildings are all rented out ......yes 100% fully occupied.


Now one will wonder how this price is justified......see enclosed picture please.


Attached thumbnail(s)

And just take a good look at the tenants...yes, all QCapita buildings are 100% rented out.


Attached thumbnail(s)

Just some queries........since STAREIT had sold off it's 2 most valuable properties that had given STAREIT good rental income, I wonder if there's any MORE dividend TO BE DECLARED for the coming months.


How is STAREIT going to pay the shareholders the next dividend with these 2 properties gone? Yes, STAREIT is going to have the NEWLY ACQUIRED Japan Resort in it's property portfolio but is there rental coming from this Japan property? No new news from the STARREIT board yet....wonder why too?


Just my worry!




Cheers.

This post has been edited by monkeyking: Jul 11 2010, 05:38 AM

Thank you brother cherroy for your quick reply......really appreciate it. Yes, that means to say there will be no dividend for the 2nd half of 2010. That is to say we the share holders will be not getting anything until 2011. But actually since STAREIT had make some monetary gains from it's sale to Starreit Global {Singapore} , why not give the extra gains as a dividend to the Stareit shareholders for the year ending 2010.....if they do, I am sure this will make the shareholders a happier lot.


Cheers brother cherroy.

You got a point there brother Neonlight. As we all STAREITS shareholders are always looking forward to the dividends, we are really disappointed with the management with no announcements whatsoever & no dividend FORTHCOMING. .......ONE FINAL WORD ....POOR MANAGEMENT.


Maybe in time to come prospective buyers will think twice before picking STAREIT shares.......unless they come out with better dividend for 2011......just my 2 cents worth.



Cheers brother Neonlight.

Million thanks to you again brother cherroy for your valuable reply. Yes, this is some very good news which I don't get from the STAREIT website........brother cherroy, that means to say the STAREIT will be getting some income from STARHILL GLOBAL to be use later or included into our new next dividend. Perhaps for the 1st half 2011, STAREIT will announce a SPECIAL dividend of more than 7 cents to make up for the loss dividend for the short gap of loss dividend.


20+ million annual income from STARHILL GLOBAL is plenty of money for STAREIT. .......hopefully STAREIT will let us, the shareholders, benefit too.


Cheers brother cherroy.

FULL DETAILS BELOW WITH SNAPSHOT ENCLOSED HEREWITH.


Just wish that STAREIT had given us the shareholders a better dividend.





5109 STAREIT STARHILL REITS
Quarterly rpt on consolidated results for the financial period ended 31/3/2010
Quarter: 3rd Quarter
Financial Year End: 30/06/2010
Report Status: Unaudited
Submitted By: HO SAY KENG




Attached thumbnail(s)

CapitaMalls asset listing on July 16.........YES, TOMORROW



Any takers?








THE country’s largest pure-play shopping mall real estate investment trust), CapitaMalls Malaysia Trust (CMMT), is expected to be listed on Bursa Malaysia on July 16 with a market capitalisation of RM1.4 billion.

Its initial portfolio includes Gurney Plaza, Sungei Wang Plaza and The Mines.

CMMT will be the designated listed vehicle forCapitaMalls Asia’s retail assets here

This post has been edited by monkeyking: Jul 15 2010, 04:39 AM


Attached thumbnail(s)

Hopefully too......drop to around $0.90 & then I think there will be more takers. ......included me too.

If you were to pick a choice of between Stareit & QCapita shares, which do you prefer to invest in.


What would be your preferred choice? Feedback please.


Just wonder which to pick up more.......got some extra cash to invest in & need your advice please.



Thank you all in advance.



Cheers.

This post has been edited by monkeyking: Jul 22 2010, 10:03 PM