in again.

aiya.. reits already >10% of portfolio. looking to accumulate hektar. enough with arreit for now until it drops below my abp @ 85

haha, at least we have the same reits

pana jie, i notice u type lpi twice. u must really like lpi

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.

Sunreit's yields .. well im sure u know, are way below par.

but their capital gains (in the past) are above par.

quoted here

The Trust’s total revenue for the current quarter ended 30 June 2011 dropped from RM16,824,586 to RM16,583,574, as compared to the same preceding quarter. Earnings before taxation also decreased from RM12,066,286 to RM10,903,339. The slight drop in total revenue was mainly due to an income of RM2,017,160 received as compensation from the compulsory acquisition of part of land of SEGi College, Subang Jaya by the Government during the preceding corresponding quarter.

The Trust's expenses incurred for the current quarter was higher by 19% as compared to the same preceding quarter, due to the higher term loan interest expense from the additional borrowing as well as the increase in the rate of manager's fee and trustee's fee from 0.30% to 0.60% and 0.04% to 0.05% respectively.

in short, their reason was last year's revenue was boosted by one off gain and costs have risen due to increase in manager's fee.

on the other hand the valuation for their properties have risen (at least). rental revisions could be due.

demm..
u have the same thoughts as me. applying for this IPO for likely capital gains of about 18% assuming it trades on a premium similar to CMMT/Sunreit

thanks yok, nice to see ur still going strong

good view i took the target yield to be around 5.5%. greater premium hehe

replied as above.

Yep, yield is at 7%.
But your train of thought is a bit off. Dividend paid won't be based on the expected yield, but rather the price will base itself on the dividend paid.

So it all depends on the distribution per share of the REIT. If it falls or is expected to fall, then price will factor it in, and drop to reflect the new yield.

E.g.: 7 sen yield on RM1, sale of property results in drop to 5.5 sen yield. Price will be expected to fall to about 78 sen. unless there are other factors like proceeds from sales to acquire a super high yield investment, then price will move to reflect that potential instead.

Circumstances will also affect the premium of the REIT. E.g.: Sunreit and CMMT, both big names have a lower average yield because their demand is strong and people are willing to pay a higher 'premium' (sacrificing yields) to own the stock. Personal choice.

Hope it helps.