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 REIT V3, Real Estate Investment Trust

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yok70
post Mar 20 2012, 01:04 PM

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QUOTE(Jordy @ Mar 20 2012, 12:29 PM)
Pana-jie,
Easy, just get a rich husband. Then you can have few houses already tongue.gif
*
To get a rich husband is more like goreng stock (high risk high gain), to get a great husband is more like invest stock (steady income). tongue.gif


Added on March 20, 2012, 1:07 pm
QUOTE(Desvaro @ Mar 20 2012, 11:21 AM)
Cheeroy, may I know how this website reached a figure of 8% yield on STARREIT?

http://mreit.reitdata.com/
*
I also get it from this website. So it's 8.6% gross yield.
Anyway, lets just assume it to be 7-8% then. No need think too hard on this. tongue.gif


Added on March 20, 2012, 1:09 pm
QUOTE(cherroy @ Mar 20 2012, 10:29 AM)
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.
*
I am still a bit blur blur on how to judge the income from Hotel reit.
Is the rental fees fixed at certain rates? Or is it depends on the hotel's business?
Thanks! notworthy.gif

This post has been edited by yok70: Mar 20 2012, 01:09 PM
cherroy
post Mar 20 2012, 02:03 PM

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QUOTE(yok70 @ Mar 20 2012, 01:04 PM)
I also get it from this website. So it's 8.6% gross yield.
Anyway, lets just assume it to be 7-8% then. No need think too hard on this.  tongue.gif


Added on March 20, 2012, 1:09 pm

I am still a bit blur blur on how to judge the income from Hotel reit.
Is the rental fees fixed at certain rates? Or is it depends on the hotel's business?
Thanks!  notworthy.gif
*
Do not rely any website to count, count your own is the best and most accurate answer.

It is fixed, disregard the hotel profit or loss.
You rent the premise to the hotel management company, you received the rental, the rest of hotel business issue, is none of your business.


Added on March 20, 2012, 2:09 pm
QUOTE(Desvaro @ Mar 20 2012, 11:21 AM)
Cheeroy, may I know how this website reached a figure of 8% yield on STARREIT?

http://mreit.reitdata.com/
*
QUOTE(panasonic88 @ Mar 20 2012, 11:40 AM)
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.
*
QUOTE(bryan5073 @ Mar 20 2012, 01:00 PM)
So the data in this website is not accurate?
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The data is accurate, but we cannot rely on past data to count, we need to latest and projected DPU aka from its operation.
Previously Stareit distributed the realisation of gain of disposal of Lot10 and Starhill to Starhill Global, those are not repetitive in the future.

In the previous proposal of changing Stareit into hospitality reit has stated clearly the projected DPU may be around 6.9%.
http://announcements.bursamalaysia.com/edm...cquisitions.pdf

This post has been edited by cherroy: Mar 20 2012, 02:09 PM
yok70
post Mar 20 2012, 02:32 PM

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QUOTE(cherroy @ Mar 20 2012, 02:03 PM)
Do not rely any website to count, count your own is the best and most accurate answer.

It is fixed, disregard the hotel profit or loss.
You rent the premise to the hotel management company, you received the rental, the rest of hotel business issue, is none of your business.


Added on March 20, 2012, 2:09 pm
The data is accurate, but we cannot rely on past data to count, we need to latest and projected DPU aka from its operation.
Previously Stareit distributed the realisation of gain of disposal of Lot10 and Starhill to Starhill Global, those are not repetitive in the future.

In the previous proposal of changing Stareit into hospitality reit has stated clearly the projected DPU may be around 6.9%.
http://announcements.bursamalaysia.com/edm...cquisitions.pdf
*
Thanks for the clarification. notworthy.gif
So I assume KPJ reit is also the same case right? Its income has nothing to do with the hospital's business.
cherroy
post Mar 20 2012, 02:45 PM

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QUOTE(yok70 @ Mar 20 2012, 02:32 PM)
Thanks for the clarification.  notworthy.gif
So I assume KPJ reit is also the same case right? Its income has nothing to do with the hospital's business.
*
Same across even for CMMT, Sunreit, those retailers in the mall business has nothing to do with them.
Having said that, if the mall business is good, means the future you have a chance to raise the rental rate.
You hope the tenants doing well as well, although it is none of the reit concern.
Tenants doing well can pay rental on time, have a chance to renew and raise rental rate as well when lease expired

Reit is about rent/lease the property only.
yok70
post Mar 20 2012, 03:08 PM

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QUOTE(cherroy @ Mar 20 2012, 02:45 PM)
Same across even for CMMT, Sunreit, those retailers in the mall business has nothing to do with them.
Having said that, if the mall business is good, means the future you have a chance to raise the rental rate.
You hope the tenants doing well as well, although it is  none of the reit concern.
Tenants doing well can pay rental on time, have a chance to renew and raise rental rate as well when lease expired

Reit is about rent/lease the property only.
*
I think I read somewhere that Boustead reit is a bit weird. It can earn more if palm oil price surge up? smile.gif
wongmunkeong
post Mar 20 2012, 03:12 PM

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QUOTE(yok70 @ Mar 20 2012, 03:08 PM)
I think I read somewhere that Boustead reit is a bit weird. It can earn more if palm oil price surge up?  smile.gif
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From my (mis?)understanding:
BSDREIT makes $ from managing the plantation AND a profit sharing %. Thus if palm oil prices UP, sales revenue UP and profits UP - BSDREIT gets a cut of it from their customer(s).
cherroy
post Mar 20 2012, 03:17 PM

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QUOTE(yok70 @ Mar 20 2012, 03:08 PM)
I think I read somewhere that Boustead reit is a bit weird. It can earn more if palm oil price surge up?  smile.gif
*
Ya, this one is a bit unique.
Until now, I don't understand the mechanism, so no invest in it.

This post has been edited by cherroy: Mar 20 2012, 03:18 PM
yok70
post Mar 20 2012, 03:23 PM

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QUOTE(wongmunkeong @ Mar 20 2012, 03:12 PM)
From my (mis?)understanding:
BSDREIT makes $ from managing the plantation AND a profit sharing %. Thus if palm oil prices UP, sales revenue UP and profits UP - BSDREIT gets a cut of it from their customer(s).
*
That seems like a REIT + palm oil ETF 2-in-1 product. biggrin.gif
wongmunkeong
post Mar 20 2012, 03:30 PM

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QUOTE(yok70 @ Mar 20 2012, 03:23 PM)
That seems like a REIT + palm oil ETF 2-in-1 product.  biggrin.gif
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Well, i wouldnt say "palm oil ETF" heheh - just some biz agreement between BSDREIT and their customer mar coz BSDREIT manages palm oil plantation land wor, direct impact on fruits/deliverables.

http://www.al-hadharahboustead.com.my/overview.html
Income Streams

Under the Al-Hadharah Boustead REIT, plantation assets will be leased back to the vendors for a three-year renewable tenancy with a cumulative period of up to thirty years. At the end of every three years, the fixed rental will be reviewed and a new rental will be agreed between the parties. The new rental will be determined based on historical crude palm oil (CPO) prices, prevailing and expected future CPO prices, cost of production, extraction rates and yield per hectare. Hence, income sources for Al-Hadharah Boustead REIT include:

Fixed Rental

With the renewal of the Ijarah agreement effective from 1 January 2010, the fixed rental income for the second tenancy term is increased from Tenants will pay a cumulative fixed rental of approximately RM53.2 million to RM57.8 million per annum for the first tenancy term of three years. This will be payable on a bi-monthly basis.

Performance-Based Profit Sharing

In addition to a fixed rental, the Al-Hadharah Boustead REIT may enjoy an annual profit sharing of net incremental income based on a formula pegged to CPO and fresh fruit bunch (FFB) prices. This net incremental income is determined based on the actual CPO price realised for the year, above the reference price of RM2,000 per MT for the first next three years. It will be shared on a 50:50 basis between the Tenants and the Fund. This profit sharing payment is the first of its kind in the REIT market and may translate into more handsome distribution yields for unitholders.

This post has been edited by wongmunkeong: Mar 20 2012, 09:24 PM
TSsmartly
post Mar 20 2012, 09:01 PM

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long time did not follow reits. sad.gif
question : is that true that cmmt is giving right issue ?
apagranpa10
post Mar 21 2012, 03:15 PM

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QUOTE(smartly @ Mar 20 2012, 09:01 PM)
long time did not follow reits. sad.gif
question : is that true that cmmt is giving right issue ?
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from where u heard the rumors ?
Dias
post Mar 21 2012, 03:20 PM

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Was reported last year to be under consideration.

http://www.theedgemalaysia.com/highlights/...ghts-issue.html
apagranpa10
post Mar 21 2012, 03:26 PM

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QUOTE(Dias @ Mar 21 2012, 03:20 PM)
Was reported last year to be under consideration.

http://www.theedgemalaysia.com/highlights/...ghts-issue.html
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Thanks notworthy.gif
CP88
post Mar 22 2012, 01:20 AM

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QUOTE(yok70 @ Mar 20 2012, 03:31 AM)
No sifu, newbie onli.  tongue.gif
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.  icon_rolleyes.gif
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I was queuing at that price as well. tongue.gif
ronnie
post Mar 22 2012, 09:52 AM

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Does ARREIT pays dividend via E-Dividend or old-fashioned cheque ?
prophetjul
post Mar 22 2012, 01:54 PM

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Collected to date S REITs

a) AIMSAMPI Reit x 28000 shares at $1.075

b) Sabana Reit x 25000 shares at $0.94
SUSfuzzy
post Mar 22 2012, 02:46 PM

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How can Tower Reit rise more than $0.10 <.< ... nasib I bought it cheaper.
ozak
post Mar 22 2012, 02:59 PM

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Most of the reit strong now. Don't no when the next round coming down.
dopp
post Mar 22 2012, 03:08 PM

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cheque

QUOTE(ronnie @ Mar 22 2012, 09:52 AM)
Does ARREIT pays dividend via E-Dividend or old-fashioned cheque ?
*
ronnie
post Mar 22 2012, 03:20 PM

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Has anybody received ARREIT cheque for the 4Q 2011 Dividend (payment date: 21 Mar 2012) ?

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