Yup, I did. Only 1 round of dividends received so far in 2012, so the total return up to 31.12.2012 will likely be much higher if the REIT prices hold up.

checking in my first REIT of the year... bit late
some say this gonna be REIT year .. haha.. keep hunting..
still property the best economy player!

What Reit is that?

explosive empire mall? what does that mean??

cmmt finally announce their dividend, 2.09cents per unit

much better than last year 1.90 sen

Thanks for all the good information here, guys.

There was an explosion in the Empire Mall. But I wonder if this newer mall has stolen business from the old Subang Parade.

http://www.capitamallsmalaysia.com/distribution_history.html
Last Q1 2011 was 1.74 sen... how come the report says 1.90 sen ?

is this the REIT report card period?..or isit soon?..

Axreit already out,
next week or early May, most may out already.

alrite. Looking forward for some divvy for the second half of the year.

I think this time around AMFIRST should announce their dividend. They missed out half-yearly pay out last quarter if I'm not mistaken. That should be because of their early payout due to the enlargement of share capital?

Cherroy would you like to clarify this?

Amfirst is semi-annual distribution, not quarterly.

By the way, Amfirst is proposing right issue as well.

2000 shares = 2 units as per the Rights Issue terminology, right ?

from Starbiz
By CIMB Research
Outperform (maintain)
Target price: RM1.65
AT 25% of our full-year estimate, CapitaMalls Malaysia Trust's (CMMT) first quarter ending March 31, 2012 results were within expectations, helped by the first full quarter of contribution from East Coast Mall, asset enhancement initiatives for Gurney Plaza and higher rental rates for renewed leases.
The stock remains an “outperform” as it is well-supported by attractive yields of more than 6%. CMMT is our top pick among the real estate investment trusts (REITs). The re-rating catalysts are a potential more than 23% increase in net lettable area for East Coast Mall, and asset enhancement initiatives.

The first-quarter core net profit increased 33.6% year-on-year, driven mainly by the first full quarter of contribution from East Coast Mall, which was acquired on Nov 14, 2011. CMMT also benefited from higher rentals following the completion of asset enhancement works for Gurney Plaza last year.

The REIT declared its first interim distribution per unit (DPU) of 2.09 sen, which translates into a 100% payout. This is in line with our financial year ending Dec 31, 2012 (FY12) forecast for DPU of 8.3 sen.

CMMT achieved a positive rental reversion of 5.6% in the first quarter, which was above its expectations of between 4% and 5%. Various asset enhancement initiatives completed last year helped Gurney Plaza to achieve 10.4% rental reversion. But rental reversion was only 0.6% for Sungei Wang Plaza due to a repositioning of tenant mix.

Capital expenditure (capex) was minimal at RM800,000 in the first quarter. Construction of a new electrical substation has started at the Mines, and East Coast Mall is still upgrading its air-conditioner chillers. We believe that capex is backloaded given that management is guiding for RM50mil capex for FY12.

The Mines shopping mall saw a slight drop in occupancy rate from 98.8% in the fourth quarter last year to 97.3% in the first quarter this year. This was due to the termination of a mini-anchor tenant. Management is not worried, as its rental rate was low. We believe this gives CMMT the opportunity to change the tenant mix and possibly raise rental rates for the vacant space.

Plans for asset-enhancement initiatives at East Coast Mall are unclear as CMMT is still waiting for planning approval from the authorities. No details can be revealed before approval is obtained. Management believes that there is demand for more space and there is potential to improve the trade mix of the mall as half of the mall is occupied by anchor tenants, Parksons and Carrefour, and there are not enough food and beverage and pharmacy outlets.

Gurney Plaza became the first shopping mall in Malaysia to receive the Green Mark's Gold certification from Singapore's Building and Construction Authority (BCA) on Dec 23, 2011. The BCA Green Mark is a green building rating system that evaluates buildings' environmental design and performance.

CMMT had a low asset leverage of only 28.8% as at March 2012. We estimate that it has RM1.2bil debt headroom before it hits the statutory limit of 50%. Its strong balance sheet is supportive of future asset acquisitions.

http://biz.thestar.com.my/news/story.asp?f...17&sec=business (IGB planning 2 more REITs?)

Hong Leong Investment Bank issues a buy call for CMMT, with target price 1.53.

---

Added on April 25, 2012, 9:00 amBut if we follow Wong Mun Keong's criteria...

CMMT's NAPS is 1.0959, less than its closing price of 1.39. So, that's not a good buy?

This post has been edited by river.sand: Apr 25 2012, 09:00 AM


Attached File(s)
 HLIB___CMMT_2012_04_25.PDF ( 1002.04k ) Number of downloads: 13

IGB reit@2.73 as per this time posted...still a good buy?

IGB reit launched already?

That's IGB, not IGB REIT