How come a few reit counter no activity ?

Stareit, almost all are under long term lease already.
So it is like fixed income instrument, no major upside surprise nor fear about tenant issue, (if there is no further injection).
It has low gearing as well.

It one doesn't mind to collect about 7-8% yield for next for 5-10 years, and with some risk exposure, and never consider the capital appreciation, then it is probably very suitable target.

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Added on August 12, 2011, 11:01 amThat's why do not rely solely on published data/figure, it can be distorting without knowing the real situation.
For every 3 years reit is under property revaluation, which you see the major spike in 2009.
It never crash on 2010.
It is just revaluation surplus/profit that send the figure abnormal than usual.
Operating income wise still rather steady across.

This post has been edited by cherroy: Aug 12 2011, 11:02 AM

hmmm... big price drop in AR reit. Any idea why? I might consider getting more actually haha

Bro Cherroy - i just did a quick check (DynaQuest book).
"In FY2010, STAREIT announced a major re-shuffle of assets within the YTL Group of REITs. STAREIT will hold the hospitality assets, both local and foreign while the commercial REIT assets of STAREIT would be transferred to SG REIT. The latter par of the plan has been completed on 28/06/2010. It transfered its 2 non-tourism properties, Starhill & Lot 10, in exchange for RM625M in cash and RM405M in SG REIT's Convertaible Preference Units (CPU). STAREIT will hold on to the two properties and will aquire additional hospitality industry related assets in the future.
JW Marriot Hotel
The Residences."

Er.. in simple English, they did "dispose" to SG REITs in exchange for CPU + cash right? Maybe including the 3 years revaluation lar

This post has been edited by wongmunkeong: Aug 12 2011, 08:29 PM

jumped into some axreits
counldnt care less

the property bubble is looking to burst since 3-4 years ago.
until now still not burst.
unless blr increase dramatically.

BLR shouldnt increase unless Bank Negara Malaysia increases OPR + the last i heard, it's staying put for at least the next quarter heheh

The most BNM may do is hike another 0.25% then pause.
With current commodities price generally stall or sliding a bit, it at least temporarily relief the inflation pressure.
While economy generally is slowing down a bit, so a pause in interest rate movement is highly anticipated.

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Added on August 13, 2011, 12:00 amDispose or not, it doesn't matter,
the 3 years revaluation already being booked into the account that showed increase in profit.


This post has been edited by cherroy: Aug 13 2011, 12:00 AM

G' morning (early morning ) bro Cherroy. Just to see if i understand properly, U mean that if STAREIT disposed its assets, it doesnt matter coz they already accounted it already in the 3 years revaluation?

I thought that if a biz that makes continuous / sustainable profits from Assets A, B, C, D, IF they sell / dispose of A & B for cash & CPU to SG REIT, then havent bought anything (well, may buy in future/planned), that affects the biz of the Co.
ie. investors may get lump sum payout dividends but in the long run...

I've seen it happening up front with EON (i was literally there) when they started "concentrating on their core biz" and sold off/spun off things like EON Bank (became EON Cap), some legal firms, etc., all of which contributed to EON's bottom line but was hocked off for mostly one-off gains. In the end, for EON lar, the cohesiveness / supply-chain control was broken + Proton's own dealership ProtonEdar (exUSPD) helped EON to where it is currently.

Er.. note that i'm not equating STAREIT to EON's hocking off its biz like EON Bank/Cap. I'm just trying to understand how it is good for a Co to sell off Assets which are making $ + how booking / accounting for them already makes it not matter. I need coffee....

This post has been edited by wongmunkeong: Aug 13 2011, 12:13 AM

Company Name : SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name : SUNREIT
Date Announced : 12/08/2011

EX-date : 26/08/2011
Entitlement date : 02/09/2011
Entitlement time : 05:00:00 PM
Entitlement subject : Income Distribution
Entitlement description :

Final Income Distribution of 1.62 sen per unit (of which 0.86 sen per unit is taxable and 0.76 sen per unit is non-taxable) for the fourth quarter ended 30 June 2011

Stareit dispose Lot 10 and its non-hospitality property is due to rationalise the group asset/reit structure, so that both SG reit and Stareit has different segment of properties.
Stareit did not dispose for the sake of raising cash.
The cash proceeded from the dispose to SGreit, was being used for acquisition/injection of new hospitality properties.

Selling off asset means realising the profit in valuation only.
Nothing to do good or bad.

Oh - STAREIT acquired the new assets for rental already? Hehhe - paiseh paiseh.. i gotta go check STAREIT's webpage

im not sure, haven't been following stareit but last i remember they proposed an acquisition of 9 properties and so far completed one (Ritz Residences, maybe Hilton Niseko or Tanjong Jara next)

a sidenote, there was a major reshuffle n a couple of RPTs in the YTL group of companies at that period of time. and stareit still holds a chunk of starhill global reit. so the disposals were merely restructuring.. cash flow wise, shouldn't be that much affected.

So regret I missed the chance to grab CMMT at 1.21!
I was hoping it to drop to 1.18 that time, so close.

Hallo hallo...did anyone know about APG reit??? APG = asia property group...is this company for real???

If someone knew bout this then pliz share wif me...thx

The website is www.apgreit.com

If it is operating in Malaysia, please check with SC, every reit needs to have SC approval before can operate.
If it is in Sg, please check with MAS.

There is a list of licensed finance institution and company that can collect/use public money for investment purposes.
http://www.sc.com.my/sub.asp?menuid=242

not in malaysia lah ..... but need clarification from SC also ...... where u found this? sounds fishy

edit: got no financial informations, no management teams info, no portfolio info ......... i'll check SC website first .....

checked: no such company/REIT's in Malaysia




“Create History with APG, Start a new Page in Asia!”

Amsterdam

Gustav Mahlerplein 3 1069 MS Amsterdam

To serve you better, APG has a dedicated team to attend to your enquiries, feedbacks and suggestions.

For General enquiries : infor@apgreit.com

For Property enquiries : property@apgreit.com

For REIT enquiries : reit@apgreit.com

This post has been edited by cwhong: Aug 14 2011, 12:00 AM

@cherroy n cwhong :
thx for reply...apgreit in asia is currently manage by cuffz holdings at singapore...website www.cuffzholdings.com

They said oledi start at malay...how come no one know it?sucksss...is it some kind of money game???

@cherroy : may i ask what is SC or MAS?got website to check on?pliz help share ya?as we are now invest alot of money there...is it safe???

Thx...

SC = Securities Commission (Malaysia)
MAS = Monetary Authority of Singapore

http://www.sc.com.my/sub.asp?menuid=242

Already posted.

The list is about licensed financial institution, bank, investment bank or company that can collect public money for investment.

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Added on August 14, 2011, 5:10 pmFor reit
http://www.sc.com.my/eng/html/resources/stats/REIT.pdf

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Added on August 14, 2011, 5:13 pmMAS is equivalent to SC in Malaysia

MAS - Monetary Authority of Singapore
SC - Securities Commission.

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Added on August 14, 2011, 5:16 pmFor MAS list
http://www.mas.gov.sg/fi_directory/index.html



This post has been edited by cherroy: Aug 14 2011, 05:16 PM