i think there's a possible uh capital appreciation on the reit. or maybe with CMMT in the market, the interest for sg-run reits will fly

haha its nice to let the dividends roll in every 3 months, to be reinvested in the stock.

rather acceptable considering they're pure mall-plays.
so they're the more defensive reits compared to other higher-yield reits.

This post has been edited by teehk_tee: Aug 11 2010, 06:34 PM

lol if its the old lots (x1000) that's a real big player
if new lots (x100) also quite a player

cant wait for arreit divvy cheque to pop thru my mailbox end of this month!

its like cherroy says, but im already registered for ediv anyway.

ARREIT cheque coming this friday!
yayyayyayyay

got my arreit cheque thru the post!

one of the main hangout spots in Shah Alam if you don't want to head over to KL. based on the report's estimated yearly rental. the yield is about 7.25% due to rise to 8.25% after 10 years.

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Added on September 2, 2010, 5:59 pm
just wanna gauge what ARREIT holders think about this..

This post has been edited by teehk_tee: Sep 2 2010, 05:59 PM

the reits structure is such that .. in order to grow you'd need to borrow, or draw cash from issuance of shares. plus since arreit's divvy policy is 95% of profits, then that means they have very little cash on hand to finance property acquisitions.. axreit used to have a high gearing (not sure whether its high now or not) because they had a period where they were just snapping up properties here and there.

umm.. from my understanding. its a conditional sale and purchase agreement, so its buyer willing seller willing. shouldn't have any impact on the share because it's an agreed interparty transfer between 2 significant shareholder.

i also feel the price should fall to reflect the yield, ppl probably wouldn't jump the gun to buy reits when it's yielding below market average.. unless it's got a lot of funds attentions

This post has been edited by teehk_tee: Sep 2 2010, 11:06 PM

didn't know that. thanks cherroy

yeah .. i'll monitor it tomorrow see whether can sell at 95 or not, pick it back up when it sinks

89 a bit pricey for arreit.
maybe i'll wait for below 85

i think the trailing dpu/dps was something like 9+ % , which is really very attractive. not sure whether the recent earnings have factored in the selayang mall rentals or not, but like jordy said, 7.25% on the back of 9+% means an automatic dilution of yield.

if they aggressively expand, earnings will rise, but depending on the tools they use to expand and the various costs, dpu probably will still increase even with new acquisitions. so yield is sustainable depending on the tools they use. i think the more they fund by borrowings and loans, the more beneficial to minority shareholders

thanks for clarifying cherroy.
edit: if i recall the calculations, it's roughly 50-50 borrowings and share issuance.

This post has been edited by teehk_tee: Sep 5 2010, 08:37 PM

it should cool down gua, probably just hangat hangat tahi ayam / new toiletbowl.
assuming it can give out minimum 7.5 sen this year based on the old amount of share capital, post-dilution should be about 6.1 sen.
6.1 ... translates to about 6.7% gross.. but if add in the new income, maybe can achieve ~7% if price at 90.5 ..

its just my very rough calculation, i hope to sell high at 92-93, and pick up even lower at 83-85

This post has been edited by teehk_tee: Sep 6 2010, 05:42 PM

i was under the impression that m-reits were very much affected by yield? except for CMMT and Sunreit which i think is because of institutional investors. thanks for clarifying

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Added on September 6, 2010, 7:31 pmi think current rise is just overreaction. my opinion is that its unlikely to remain above 88 for the remaining financial year. if im wrong then can't accummulate at 85 d

This post has been edited by teehk_tee: Sep 6 2010, 07:32 PM

mreit.reitdata.com
it's probably the most complete database.

how i count is i take their quarterly results, then 1 month cum-entitlement, and payment 1 month after that.

how come the appeal of Sunreit/CMMT is so great? 6% and people are still buying?

for me i'll take those with yields in the upper bands of the industry like arreit, axreit and hektar

for Arreit and Axreit, it is 4 times a year. i don't know about any other reits that declare 4 payments a year. tower perhaps..

there can be several reasons to park ur money into reits.
yield, stability of income. i think of it as a form of real estate bond, paying about 2.5x my FD rates.

downside is u'll have to look at their portfolio, type of property, location, tenancy agreements, length of tenant contracts, tenant type, tenant stability, occupancy rates, prospects of surviving a downturn in economy, etc.

almost 100% like physical real estate play. although some ppl think they can goreng reits...