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. 

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

http://mreit.reitdata.com/

CP88,

Sorry for the wrong term used. I should say my capital appreciation is 106%. I think my net profit is about 130% including dividends.

Dear Sifus,

take one example like amfirst announced their dps for this quarter is 4.83. i have 1 lot which equals to 1000 shares right ? how much (in money) will i be getting for the dps of 4.83 ?

thx in advance.

Expecting on Q1 2013

Seems like IGB Reit is going to be list on Aug 2012

Estimated timeframe:

Listing of IGB Reit on Mid-August 2012.

Got the info from the thick paper that i received today (i am 1 of the tiny shareholder in KASSETS).

Is that midvalley reit ppl talking about?

btw, wat are the good entry reit that is still undervalued?

we know KASSET = IGB..soon..what else?

My understanding of the story:

Kasset
~Kasset is disposing MVC (mid valley city) and MVCG (mid valley city garden) for a total consideration of RM4,612.6M.
~That amount will be satisfied via 3,400M Units of IGBReit and Cash of RM1216.2M.

~From the 3,400M units, 670M units will be offered through an IPO at a later date and 2,730M units will be distributed to Kasset shareholders.
~From the RM1,216.2M and 670M units proceeds will be used to settle all outstanding debt and the balance will be distributed back to Kasset shareholders via cap repayment or dividend.

~From the 670M IPO, 201M units to M'sian public and employees while the remaining 469M to institutional investors.

~By the completion bond redemption, cancellation of treasury shares and liabilities settlement, Kasset will have 520,997,000Shares.

2,730,000,000 / 520,997,000 = 5.24.
Each Kasset will give u 5.24 IGBReit.

Kasset will have a total cash of 1,212.559M + 670M (IPO) = 1,812.559M cash
From there, the distributable sum is 1,266.990M.

1,266,990,000 / 520,997,000 = RM2.43 per share.

Therefore:
Buying 1k of Kasset today would have cost you RM7,400.
You will get back RM2,430 cash + 5,240 IGBReit.

(RM7400-RM2430)/5,240=RM0.948 per unit of IGBReit
Theoretical IPO Price is RM1.00. so yeah, you do get some sort of discount.
Market is super efficient...    that is why it never goes beyond RM7.60.. I still have so much to learn... 

Considering they are valuing MVC and MVCG at 4,600M, each IGBReit should be worth around (RM4,600M / 3,400 Units) = RM1.35

Estimated Rental Income per year for MVC and MVCG are RM210.6 and RM81.7. Total is RM292.3M
RM292.3M/3,400M = RM0.0859 a year.
assuming 90% distribution, that will be RM 0.0773 DPU a year.

Cost is 0.95. DPU 0.077, Yield is : 8.1%, and nett Yield after Witholding Tax is 7.29%...

~want or not ? good or not ? i dunno.. up to u ... haha but i will buy... SPSetia Eco city is under construction (just opposite MVC & MVCG) and MRT will stop there in the future too..
~The whole thing will take approximately 6months. So, if u buy... u'll have to wait for at least 6Months before u'll see any flowers and probably another 6Months to reap any fruits
~BTW, Kasset will be delisted when the whole exercies ends.

IGBReit
~Issued Fund Size upon listing RM3,400M. Approved Size: RM3,550M. (means they have option for pvt placement)
~Half yearly income distribution
~Gearing on listing will be 26% (limit is 50%). (I'll compare to Pav and Sunway gearing and update later)

Updated: Gearing Comparison for MReits (Jan2012)
Al-Aqar: 48.2
Boustead: 17.6
Arreit: 36.0
AmFirst: 39.8
Atrium: 24.5
Axis: 38.2
CMMT: 32.7
Hektar: 43.4
Quill: 36.4
Stareit: 11.5
Sunway: 35.0
Tower: 20.6
UOA: 38.2
Pavreit: 20.1
~~~~~~~~
IGBReit: 26%

So, IGBReit will be top 5 lowest gearing.. Stareit -> Pav -> Tower -> Atrium..
Also to consider is the occupancy rate, which is excellent and i believe most of the shops are doing ok. Anyone with knowledge of this please share.. thanks..

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Added on
plz correct me if i'm wrong...