Yes Pana-jie, reallyyyyyyyyyyy long time no see eh. Been working whole day and night until I have no time to come and post here. Well, I am not exactly RK's follower, just "borrowing" his ESBI quadrants because I have to keep reminding myself that I have to walk that dreaded journey to be rich

I am actually WB's follower, where I only buy if the shares get within my risk tolerance. That is why I don't get into any debts.

How has your portfolio been doing? Still holding on to your AXREIT?

I only choose top 3 with the highest yielding.

@Jordy
Glad that you are so occupied. We need to produce enough of active income before we get money rolls money to generate more passive income

I don't have any Reits atm. More on buying "expensive" brandrd stock nowadays. Lol. How about you? Mind me taking a peep at your golden eggs basket?

Pana-jie,

I thought you had AXREIT before? Or did I remember wrongly? So are you buying into bluechips now?

In my basket, I still have my AXREIT and ATRIUM. I have added AMFIRST recently. Both have been doing very well, but AMFIRST still needs some time to pick up. Well, I still have time to wait for AMFIRST to grow as there is still some potential.

Same strategy I'm into, to diversify the industry instead of a particular reit.
I have 4 reits now. Axreit (warehouse+office), cmmt and sunreit (shopping malls), alaqar(hospital). I recently sold boustead reit (plantation) and pavreit (shopping malls) while their price moved high, however I'm ready to re-enter both of them if price moves down to my target. I am also monitoring Starreit (hotel) now, waiting for a cheaper entry price.

Yok Sifu,
Starreit price i also monitoring quite sometimes... price strong wont more a lot ... drop /up too...
the price also nice to in ? need ur advice... i plan to in ... 0.91

buying properties with 10% yields is not impossible but for owners buying before 2009, but the only headache is the maintenace and rental collections. Agree on that red parts.

No sifu, newbie onli.
I think hotel business is more attached to economy condition. So if you are optimistic on world economy recovery (i do, but please judge your own), then it should be ok. Besides, if inflation moves up nicely on par with salary (if, really happened), i'm seeing hotel room charges will move up as well.
Starreit is trading at around 8.5% yield at current price, and way below NAV.
I wish I could enter at 0.88-0.90.

Your memory is right, but it stops back in 2008

Used to own Axreit, Arreit, Qcap, sold everything because fail to see its beauty. I know I need a thick glasses


Thank you for sharing your Reits picks.

You have covered all sectors, can become Reits tycoon liao

At 0.93 today price with projected DPU 6.9 cents

6.9/0.93 = 7.4%
Net yield (after witholding tax) = 6.66%

But one thing good about Stareit that is it has very low gearing or if not mistaken is the lowest among all the reit.

1 more advantage of STAREIT is almost all hotels are in long term lease already.

Cherroy is right. Starreit gearing is the lowest among them all.

Attached is the M-Reits "bible", which compiled with comprehensive details. Thanks to Mospter




Attached File(s)
 2012_REIT_sector_20120106_MIB_1275.pdf ( 582.01k ) Number of downloads: 107

It can be advantage and disadvantage as well.
Advantage, already said.
Disadvantage, if rental market exploding to upside, you don't get the increment of income like those shorter lease one especially for the like mall or office type.

To me if I want to opt for a stable fixed income, Stareit is one of good choice, aka don't mind getting 6.6% yield with little capital appreciation/depreciation issue.

Little worry on tenant issue, as already under long term lease, apart from tenants close shop (which is another story)
Little worry on financial market credit freeze (like 2008) that can affect the refinance cost and ability due to low gearing.

But, upwards potential is capped (so does for most reit), due to fixed lease rate while there is only 5% increment of lease rate for every 5 years.

@Cherroy

I read from your post from other section, I assume you were once a landlard who collecting rentals from your (fussy) tenants, too.

Learnt that you prefer Reits, which is less hassle & prompt payment.

Just curious, are you still a landlord now? Penang properties are blooming as rapid as Damansara area isn't.

No.
Me never a landlord before, but parent did (the experience come from their house).

Penang properties is blooming for the last 5 years or so already.
Landed house in the island prime area, most at least 750K and above.
Some previously landed house that was sold at 1.x million years back, people complained expensive, now selling 2.x million.
Middle/lower upper class condo around city, at least RM400-550 per sqft.
There are high end condo with size 3000-4000 sqft as well, so you do the math, how much those condo cost.

Haha now ppl buy property is talking about "M" (million),

"your house how many M har?"

Sigh how are we youngster going to afford it without parents support.

Thanks for your info.

Cheeroy, may I know how this website reached a figure of 8% yield on STARREIT?

http://mreit.reitdata.com/

My guess

Starreit twice distribution per year
4.0112 x 2 = 8.0224

Divide by current price
8.0224 / 0.930 = 8.626%

8.626% DPU has not include 10% tax yet.

This post has been edited by panasonic88: Mar 20 2012, 11:41 AM

Pana-jie,

Easy, just get a rich husband. Then you can have few houses already

OT: By the way, I noticed you are no longer a mod. Why la? More commitments now?

So the data in this website is not accurate?