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 REIT V2, Real Estate Investment Trust

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sopol
post Apr 6 2010, 09:00 AM

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the first reit to declare dividend for Q1 2010 arreit 1.8597 cents rclxms.gif but since when arreit decided to pay quarterly? no complain at all just curious.. smile.gif
sopol
post Apr 20 2010, 09:20 PM

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too bad i did not buy axreit when it was hovering around rm1.00 for few days last time. otherwise could have been enjoying 16% ROI every year. doh.gif

anybody knows when hektar's report out? i am hungry for divy cheque... drool.gif drool.gif drool.gif
sopol
post Apr 22 2010, 09:34 PM

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any one has studied what will be the effect to arreit's eps, nav and its price when the proposal of injection of 2 new assets and issuance of new shares to partly finance the acquisition completed?

i am a bit concerned if it dilute the eps and eventually the DPU. i have a big plan on this counter actually but still in doubt about it..
sopol
post Apr 23 2010, 09:10 AM

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QUOTE(Jordy @ Apr 22 2010, 09:58 PM)
The issuance of new shares means that the share capital will be enlarged, therefore the future EPS and DPU will definitely be diluted. What you have to do now is to study the potential of these new buildings and also the yield, so as to offset the dilution.
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thank you jordy. what i like about the new properties are that the rental has been contracted for more than 5 years and there will be annual increments. arreit is quite transparent in their future earning disclosure. what i dont like is the increment is quite low 5-7% only. moreover, 4.5% interest need to be served every year as well. it should be 10% in line with property price appreciation which command higher rate of growth drool.gif
sopol
post Apr 23 2010, 11:34 AM

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QUOTE(cherroy @ Apr 23 2010, 10:40 AM)
Unless we want to see real estate bubble forming, a 10% or more every year is not something as long term investors want to see. It is not sustainable to expect this kind

Annual increment of 5-7% in rental is considered very favourable already. Remember we are talking about increment rate itself only.

I would say don't put too high expectation when investing in reit, as it is very similar to owning a properth then rent it out. The most important thing is to see from long term perspective.
We don't want to see bubble forming then burst resulted difficulty in getting tenant afterwards.
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very fair statement and realistic expectation from cherroy. long term wise, arreit getting bigger and bigger. post injection exercise will see the assets mark rm1 billion level. just hoping that they are not over geared.

cherroy, do you give arreit a serious look? brows.gif i know you keep some in your portfolio. just wonder if you may want to add up some more. i am seriously contemplating to buy more but too bad cash has not arrived yet.. seeing the price keep flying away even after ex-date.
sopol
post Apr 28 2010, 01:37 PM

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i strongly feel displeasure that arreit has agreed to set the placement price of the new units at 84 cents to institutional investors. the 84 cents/unit is totally low and undervalued valuation in view of strong interest in reit by retail investors and disregard the interest of small investors. Moreover it is far away from the NTA value! the arreit manager should be sacked..

in my opinion, arreit should also offer the placement to retail investor. i am more than happy to subscribe the offer...
sopol
post Apr 28 2010, 02:30 PM

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QUOTE(cherroy @ Apr 28 2010, 02:15 PM)
Private placement price is based on market average price which cannot differ 5% from the market average price pre-determined.

This is pre-requisite when issuing private placement which approved by SC.

For existing Arreit holders,  there is also amendment of the private placement proposal, which SC require them to amend which send out to every Arreit shareholders.

You can read the wording in between, and the amendment.
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5% differ i understand but can't it be above? why always below? if above, they may argue rather buy it on open market than the placement. however they also have to realise that the open market may not have enough supply because nobody want to sell.

i havent read the amendment, do we retail holders can apply for the placement unit?
sopol
post Aug 3 2010, 08:19 PM

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QUOTE(smartly @ Aug 3 2010, 07:14 PM)
5121    HEKTAR    HEKTAR REITS 
2nd Interim Dividend 2.5 Sen 

Entitlement Details:
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.


Entitlement Type: Second Interim Dividend
Entitlement Date and Time: 18/08/2010  05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2010
EX Date: 16/08/2010
To SCANS Date: 
Payment Date: 03/09/2010
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rclxms.gif ho.ho.ho..collecting rental every 3 months. Rental come me instead i go to the tenant

Nice hektar! rclxm9.gif

sopol
post Aug 4 2010, 12:24 PM

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QUOTE(Jordy @ Aug 3 2010, 09:49 PM)
sopol,

Receiving your first distribution from a REIT? smile.gif
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no la jordy...this is the 6th rental payment! biggrin.gif

i bought it during last chaos (when everybody dumping reits). since then top up a bit by bit. that time managed to catch hektar, arreit and bsdreit. almost bought axreit at rm1.00 but was hesitant (now regretted).

now aiming for 2 more counters for diversification...

reit is part of my property investment portfolio. rental come to me. i dont like calling and reminding tenants to pay the dues smile.gif

rolling..rolling..rolling.. rclxub.gif then rclxm9.gif


Added on August 4, 2010, 12:36 pmjust matched arreit today..financed by sealink's divy i received yesterday..

This post has been edited by sopol: Aug 4 2010, 12:36 PM
sopol
post Sep 7 2010, 06:02 AM

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I am a supporter of arreit since its day one listing. The price will up and up. Will stop when reach full valuation aka NTA or at a level 8 - 9 % return..beyong that very hard to hold longer..
sopol
post Dec 28 2010, 09:36 PM

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QUOTE(darkknight81 @ Dec 28 2010, 08:16 PM)
How come KPJ reits has been decline quite a lot recently? Due to new property injection?

How come Arreit has been inching up recently? Any news?
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You happy la bro..got tons of arreit.. notworthy.gif
sopol
post Jan 21 2011, 07:19 PM

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Congrats to qcapita, stareit and cmmt holders..when is my arreit turn?
sopol
post Jan 27 2011, 03:52 PM

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collecting alagar rm1.08..worth it or not? i hereby declare that i am a shareholder of alaqar from today.. cool2.gif
sopol
post Jan 27 2011, 04:51 PM

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QUOTE(cherroy @ Jan 27 2011, 04:04 PM)
For current pricing, I prefer Stareit, 7.2% net yield, and discount on NAV, and little gearing.
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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
sopol
post Jan 27 2011, 05:34 PM

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QUOTE(cherroy @ Jan 27 2011, 05:28 PM)
Stareit will become 0.85 on 2/2.  tongue.gif
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price 0.85 after ex-divy is tak aci. minus another 3 cents to become 0.82.. brows.gif
sopol
post Jan 27 2011, 10:40 PM

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QUOTE(kbandito @ Jan 27 2011, 09:42 PM)
it is covered by 15 years rental agreement
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Noted but still not impressed. No offence. Ytl play, i dont think it will remain as it is for 15 years..see how long the original stareit being changed to the current current business model..nevertheless will give a shot at 0.82! cool2.gif


Added on January 27, 2011, 10:43 pm
QUOTE(Jordy @ Jan 27 2011, 10:31 PM)
Don't worry, ARREIT will be coming on Monday for the LAST MINUTE ang pow for you tongue.gif

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! biggrin.gif
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When.when ah? All my reits arreit, hektar and fresh alagar have not yet shown their 'C' next to counter name.. drool.gif i wanna my angpow wei..

This post has been edited by sopol: Jan 27 2011, 10:43 PM
sopol
post Feb 7 2011, 08:37 PM

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QUOTE(darkknight81 @ Feb 7 2011, 04:18 PM)
When arreit going to declare dividend  vmad.gif
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Sabar bro, i am also waiting for it biggrin.gif
sopol
post Feb 8 2011, 07:39 PM

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QUOTE(jasontoh @ Feb 8 2011, 03:56 PM)
I think last time distribute earlier because there is private placement or injection of fund or stuff like that.
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They require more time to count money because more profits..hope more divy also.. drool.gif
sopol
post Feb 11 2011, 07:34 PM

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QUOTE(smartly @ Feb 11 2011, 05:17 PM)
5127    ARREIT    AMANAHRAYA REITS 
Fourth and Final Income Distribution of 1.6741 Sen Per ARREIT Unit 

Entitlement Details:
Fourth and Final Income Distribution of 1.6741 sen per ARREIT unit (taxable of
1.6435 sen per unit and tax-exempt of 0.0306 sen per unit) for the statutory
financial year ended 31 December 2010.


Entitlement Type: Income Distribution
Entitlement Date and Time: 01/03/2011  04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2010
EX Date: 25/02/2011
To SCANS Date: 
Payment Date: 06/04/2011

Finally..!!


Added on February 11, 2011, 5:21 pmtotal full year 7.32sen.

Arreit current price = 94.5sen

DY = 7.32/94.5 = 7.74%  tongue.gif

still not too bad.
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Although i welcome the divy announcement but there is a bit dissappoinment on the amount declared. Seems it is decreasing from previous two quarters..another setback is the payment date that is too far only in april will get the cheque! Why not two or three weeks only vmad.gif

however i am not complaining too much coz my ROi is more than 9% based on my cost.. rclxms.gif
sopol
post Feb 16 2011, 08:34 PM

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Alaqar closed up 2 cents.now rm1.18 rclxms.gif rclxms.gif rclxm9.gif

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