er.. side track a bit ar Mods.
Wills - Wills written in country A MAY not be executable fully in country B, thus in country B, it may be as good as dying intestate.
Usually, only non-moveable assets like physical properties are affected BUT to be on the safe side, best to have a Will drawn up in EACH country U have assets in.
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Plantation REITs? Something like BSDREIT http://www.al-hadharahboustead.com.my/overview.html

---snippet---
Income Streams

Under the Al-Hadharah Boustead REIT, plantation assets will be leased back to the vendors for a three-year renewable tenancy with a cumulative period of up to thirty years. At the end of every three years, the fixed rental will be reviewed and a new rental will be agreed between the parties. The new rental will be determined based on historical crude palm oil (CPO) prices, prevailing and expected future CPO prices, cost of production, extraction rates and yield per hectare. Hence, income sources for Al-Hadharah Boustead REIT include:

Fixed Rental

With the renewal of the Ijarah agreement effective from 1 January 2010, the fixed rental income for the second tenancy term is increased from Tenants will pay a cumulative fixed rental of approximately RM53.2 million to RM57.8 million per annum for the first tenancy term of three years. This will be payable on a bi-monthly basis.

Performance-Based Profit Sharing

In addition to a fixed rental, the Al-Hadharah Boustead REIT may enjoy an annual profit sharing of net incremental income based on a formula pegged to CPO and fresh fruit bunch (FFB) prices. This net incremental income is determined based on the actual CPO price realised for the year, above the reference price of RM2,000 per MT for the first next three years. It will be shared on a 50:50 basis between the Tenants and the Fund. This profit sharing payment is the first of its kind in the REIT market and may translate into more handsome distribution yields for unitholders.

Capital Gains

Given the development potential of some of the plantation assets, especially those located in prime locations; there is a potential upside for capital gains. The gains realised may be distributed as bonus distributions.

Wills - yup, spot on.

BSDREIT returns? er.. something like this

Brother ProphetJul, i wish i had enough assets like U to be a full time investor
Heheh - i'm not very hungry to climb much higher the career ladder.

I can share easily coz i'm "anal retentive" when it comes to tracking my holdings mar hehe.
Only can share what i know/did though, not speculations/trades.

SREITs, generally fell like a few % but not enough to stir me to plonk in my "backup $" (held back for value buying/bottom fishing when SHTF).
Hehhe - still accumulating my bullets to refill spent shots for REITs recently.

This post has been edited by wongmunkeong: May 18 2012, 09:00 AM

-deleted-

This post has been edited by wongmunkeong: May 29 2012, 12:16 PM

yes sir, very good sir - deleted.

ProphetJul is using ECMLibra i think
Me, i'm on HLeBroking
Similar costs of transactions - trust account.

Really dumb/virgin Question:
Private placement Vs IPO for the same stock/offering.

What are the pros/cons of trying for a Private Placement, say.. IGB REIT, instead of trying for IPO?

From what i managed to get poking around (please correct if i'm mistaken):
for Private Placement
a. Minimum $250K "try"
but usually won't get 100%, if "lucky", maybe 50%, usually lower than even that

b. 20% cash up-front * $xxxK trying for (depending on Investment Bank)
Remainder, paid later when exact lots are allocated.

er.. my apologies for such a "newbie" question yar, first time in my frigging life i have access to private placement.
Thank U for any pointers/ideas/data

This post has been edited by wongmunkeong: May 31 2012, 11:29 AM

Danke River.Sand, for sharing HL's ratings

Just to share some thoughts
I'm holding some SUNREIT
Purchased coz of:
a. Asset sub-allocation for Properties/REITs
b. Numbers aren't too shabby although not the normal 5 years i want to see heheh (ROE, ROTA, D/E, etc.)
c. As a retail/hospitality exposure, i think SUNREIT has a defend-able moat with some of its assets (Pyramid-Lagoon area) has a good holistic attraction (in my dumb point of view only lar - only time will tell heheh) VS other hospitality & retail REITs.

end of 2 cents worth

Time to come on over to SGX REITs
where the gross DY% = net DY% as we ain't in SG
but the flux is much higher than MY REITs

This post has been edited by wongmunkeong: Jul 13 2012, 10:16 AM

Panasonic, with the single-tier tax kicking in fully this year (this year right?), can claim back meh?
I may have missed some announcements heheh. My bad if mistaken

Copy & Pasted from Fund Management Thread http://forum.lowyat.net/topic/690951/+2690

Hi MGM,
U can buy into Foreign REITs either through:
a. local brokerages with online foreign trading/investment platforms like HLeB (which i use), OSK or ECMLibra which other fellow forumers use.
b. directly open an a/c with a foreign brokerage (go SG simple)

Pay?
IF local brokerage: Pay local - they convert and they pay their counterpart in SG or AU or wherever countries they cover
IF foreign brokerage: Er.. Convert and TT the $ over. Don't lar move $100K per pop

Note - it may be slightly cheaper for (b.) but me being a scaredy cat & big pix person worrying about Estate Planning and Wills, i chose (a.). The difference in cost is negligible to me, compared to the support, ease of moving $ and of course, just in case i kaput suddenly.
Your personal view / valuation may vary

This post has been edited by wongmunkeong: Aug 1 2012, 08:52 PM

Why would i want to? hehhe SGD is now nearly MYR$2.6 to SGD1

Just ask your broker to put back into your a/c.
$ can be moved electronically easily these days wor.

This post has been edited by wongmunkeong: Aug 2 2012, 11:46 AM

It depends on your broker.
Mine has multi-currency accounts and i chosed to hold multi-currency.
Thus, when i buy SGX REITs, they deduct from my SGX $ with them. If tak cukup, they convert FX rate and deduct from my MYR $ with them.
All these still t+3.

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Added on August 2, 2012, 11:44 amBro CWHong,

U must be laughing all the way to the bank now eh? With SGX all time high against nearly all currencies AND its REITs going shockingly fast (cap appreciation) + the slew of (non-taxed) dividends recently.

When U start ASX REITs, can point little ol me to where to get stats like historical ROEs, PEs, DY% and D/E or gearings ar?
Even equitiestracker haven't started their AU data subscription yet

This post has been edited by wongmunkeong: Aug 2 2012, 11:46 AM

IBs?
Try HLeBroking, ECM Libra and OSK.

Recommendations?
Read http://reitdata.com/ + other websites and books on REITs + investing in general.
hunt for more data and make up your own mind.
Sorry ar - i worry about recommending coz i'm not U, with different wants, stress, risk appetite, goals for the investments.

Personally, i'm holding:
a. AIMSAMPI REIT (Singapore Industrial)
b. SABANA REIT (Singapore Industrial)
c. LIPPO MALLS (Indonesia Retail)
d. FIRST REIT (Indonesia hospital)
e. SAIZEN REIT (Japan residential)

This post has been edited by wongmunkeong: Aug 2 2012, 11:57 AM

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

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

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

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

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