eh? there's such a REIT name or type ar?

http://www.bpf.org.uk/en/reita/reits/uk_reit_list.php

So kah - UK REITs.
Hehhe - not enuf $ & resources to even sniff / reach there yet
Just over-border only + hopefully by next year or so, overseas to the smallest continent/biggest island (AU / ASX)

This post has been edited by wongmunkeong: Aug 2 2012, 02:25 PM

I thought u should buy when prop prices drop to the longkang.

Axreits was trading at rm one few years back, when not many people want. Now is good buy at rm 2.9

This post has been edited by SKY 1809: Aug 2 2012, 02:28 PM

hm.. Unsure about AXReit - for local REITs, i only focused on BSDREIT, ALAQAR, TWRREIT & SUNREIT hehe.
Not enough resources to cover so many hehe.
On / off punt got lar like ARREIT when down like 0.80 or less and STARREIT

i maybe misinformed but......when investing in REITs, one is looking for recurring income rather than NAV?

Although having said that, the REIT prices do go when theres demand.

But predominantly REITs are about income? No?

i ask this becos you mentioned UK REITs. UK is in rcession meanin returns may not be good in the next few qtrs.
Who knows how long this may be?

So has the UK REITs stock prices receeded or its it the NAV?

Yes, reit is about recurring income and sustainable income.

Back 2008 financial crisis, there is fear of refinancing availability across (due to credit market freeze) that sending reit price plunged, as well as property valuation may drop severely due to economy recession.

As most reit under some leverage level, refinancing availability, and cost is quite important aspect to look at as well.

Do u know AXreit got unrented properties ( one building complex ) for more than a year when trading at rm one ?

BT time it was rented out , it was towards rm 2.

Which one u prefer , rm 2.9 for stable incomes ?

This post has been edited by SKY 1809: Aug 2 2012, 02:48 PM

Yes

When and IF recession occurs, property prices will drop meaning NAV will drop meaning REIT leverage will go
through the roof. This will not be good for REITs which maybe rerated in this scenario.

So it may not be a good time to go to UK REITs for the time being, no?

Really not sure if it is worth it. I bought this last year when it was 2.30. The capital appreciation has been pretty phenomenal since this is a reit. It is also trading at a premium to its NAV. Articles have come out in the news that they plan to purchase another few more properties by the end of this year. Still has growth potential if it does. But it is really expensive nonetheless

NAV drop is not a major issue, but leverage or loan that matured that if cannot refinancing, means need to fire-sale the property to repay if matured without refinancing, and worst if fire-sale at wrong timing.
If happened on overseas reit during 2008 if not mistaken.

Frankly I read one report that UK props are giving above 8% returns ( read through my tablet , such unable to attach the report )

Many investors or big funds are pouring money into these areas.

Our EPF, Thaji or Sime or PNB are active there also.

This post has been edited by SKY 1809: Aug 2 2012, 03:10 PM

Of course one would have the pie and eat it.......

i am just alluding to the concept of REITs investment.

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Added on August 2, 2012, 3:16 pmIf thats the case, those are goos returns. BUT now that UK is in 3 qtrs of negative growth(recesssion),
are these returns sustainable?
Not to mention that the sterling may depreciate if wnother qtr of negatove growth occurs alto that
is highly unlikely with the Olympics happening.

i like SGD because the divs distributed is net of tax....ie no tax.
What i see is what i get!

This post has been edited by prophetjul: Aug 2 2012, 03:16 PM

No harm to follow the abcde , one step at a time.

In fact , I talk ( personally ) to Wong Sifu since he diversifies to overseas reits.

Sori for sounding out too opening , may try PM next time

This post has been edited by SKY 1809: Aug 2 2012, 03:20 PM

No probem, matey.

We are all here to learn

Wheres Wong sifu?

i am not investing any in Eurozone yet, that includes UK.......

UK is not part of Eurozone

Do not know which part, maybe one part and not the other part.

They have their own money printing without approvals from German.

http://en.wikipedia.org/wiki/Eurozone

This post has been edited by SKY 1809: Aug 2 2012, 03:34 PM

They are not part of the Euro.....BUT when Europe sneezes....UK gets blown as well

See food, eat food
Heheh - was stuck in professional mode with "Competition Act".

Huh hey, what did i miss?
Of course, we're all here to share & learn - correcting our personal assumptions/biasses and learning from others how their own approaches worked and why.

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Added on August 2, 2012, 6:36 pmWell, like properties, primarily some ppl buy to rent VS some buy to flip.

Thus, i think some folks (me included) generally buy REITs for income BUT if there are opportunities to punt, say Saizen is like less than 45% of its NAV, why not but for capital appreciation IF one can afford to hold and punt, while getting a comparatively wee-bit (secondary) dividend income

Dunno about other reasons though on NAV heheh. I'm all ears

This post has been edited by wongmunkeong: Aug 2 2012, 06:36 PM

But when u go overseas, there are no BNM/SC protections.

U are kinda self insured lor. Transparency does help . But what about Earthquakes and all that.
Things u assume to be ok something may not be ok.


or Japan and Indo got no more Earthquakes.

" c. LIPPO MALLS (Indonesia Retail)
d. FIRST REIT (Indonesia hospital)
e. SAIZEN REIT (Japan residential)"

This post has been edited by SKY 1809: Aug 2 2012, 06:44 PM

Risk management?
Nothing 100% sure mar (other than death & taxes.. but i heard taxes can be erm.. and death kept a bit at bay a bit if... )

BNM/SC? er.. bro, SG ada it's own versions leh.
Earthquakes - er.. i'm just bad and assUme-ing the management is dumb enough to be insured for floods & earthquake.

Sorry ar - i don't do "fine comb tooth" investing where i must know the insurances and whatnot of a company in detail.

This post has been edited by wongmunkeong: Aug 2 2012, 06:48 PM