Stareit next Q should have the new hospitality income contribution already, after completed the acquisition/rationalisation.
Expected DPU is 6.9cents, after completion of the rationalisation.

And most of the property is under long term lease already, so for the next 5 years, if you satisfy with every year get 6.9 cent, then it may a choice.

Please don't say me promote.
Just personal own and bought it and personal like its properties portfolio and its tenants.

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Added on December 1, 2011, 5:49 pmI bare no responsibility if the stock go holland.

This post has been edited by cherroy: Dec 1 2011, 05:49 PM

The result is low because there is no contribution of the new properties yet in the last quarter as paperwork for the acquisition is not yet completed and expected to be completed start 4Q.
So earning for the new hospitality properties only expected to contribute from start from 4Q.

After the completion of properties, Stareit DPU is expected to be around in the region 6.8~6.9 cents pa.

I can't comment, it is good or not good, but a number of those hospitality properties are under long term lease mostly, eg. 15 years (some varies), and get 10% hike on rental rate for every 5 years.
Unless tenant go burst (which is another story), one should expect to get roughly the same yield about 6.9 cents pa. for next 5 years, if there is nothing change in the properties portfolio and no change in tenants issue.
Among all the reit locally, Stareit has little debt, only about 180 million vs 1.x billion NAV, and make it one of lowest reit gearing out there.

Good dividend at 5.x% compared to 7% of Stareit?

Reit rental collection is fixed, reit is about collecting rental only, growth only come from rental revision to upwards or leveraged more to buy more property.
Reit does not participate in ordinary business.

It depended how private placement being carried out.

I preferred private placement over RI.

I won't care about dilution in shareholding, as reit is not as same as ordinary company, whereby stake or dilution is important.
In reit, what we care is about as fixed income instrument.
As long as the private placement doesn't cause dilution on EPS, DPU, aka yield of the reit, it is a miles better way than RI.

For eg. What Axreit did with its private placement, although stake within Axreit is diluted, we are getting higher DPU and with more diversified asset in its portfolio.

Have a stake of 10% with 5 properties vs 5% in 10 properties is no different if view from fixed income purposes.
Instead the later is better.

On the other hand, private placement can be a better indicator that the company has little difficulty to raise money than RI.

Stareit newly injected hospitality properties a lot are under 15 years lease already, so pretty secure for next 15years as long as tenants do not burst.

Qcapital, Tesco Penang is under long term lease of 20+ years, while other range from 6+3+2 or 7+3 type of lease one. A few of the properties are a few year before the lease end, around 2014, you can see from its annual report. While others are still 5-6 years before lease ended.

So for near term, both should able to offer quite stable yield.

I expect Qcap DPU around 8.x cents, while Stareit at 6.9 cents.
While Stareit gearing is considerably lower.

No problem, for most retailers, unless for one holds 50k ~ 100k lots (10,000,000 shares) or above then may take sometimes to dispose all.

Generally daily, you can easily find buyer for around 1k - 5k lots (500k shares) instantly.

There are private placement that dilute the EPS, but not much, if without the refurbished cost incurred, might as well see roughly the same EPS.
Also the private placement has parred down the borrowing, which is good, while only affect the EPS a little

A surprise that Stareit gives 4 cents, I only expect 2.x ~ 3 cents only as the new acquisition only completed around 3rd to 4th Q period.

Standard is 10% witholding tax.
So if no mentioned, means 10% witholding tax applied.

Mostly E-dividend now.

Yup,
That's why today surge first then drop back to old 88~89 level.

No, you need to sell on/after 2-2-2012 to entitle the dividend.

All reit looking good because of pay cheque time.

Forget about reit, if you asked such a question, especially the term "play".
No offense.

They will make Giro transfer on the payment date.

You don't need to apply, it has nothing to do with you or shareholders.
It is company whether they have adopted or not only.

Ya, once you give details of bank account and register as E-dividend, it is across your CDS owned stocks automatically.

KrisAssets, while IGB own large stake in it KrisAssets .