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 REIT V4, Real Estate Investment Trust

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wil-i-am
post Aug 26 2013, 04:45 PM

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Get redy $ to buy mall REIT
wil-i-am
post Aug 26 2013, 10:44 PM

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Worry about REITS
Consider loan stock
Encorp-la, Malton-la, Pmetal-la n Perwaja-la
The 1st 3 pays 6% interest whereas last 1 pays 7%
The 1st 3 is RCSLS whereas last 1 is RCULS
Maturity fr Mar 16 to Aug 19
wil-i-am
post Aug 26 2013, 10:54 PM

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QUOTE(yok70 @ Aug 26 2013, 10:47 PM)
RCSLS is totally a different ball game vs REITs, can't just look at its interest paid. It's more similar to warrant, which is highly related to the mother share.
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At least capital is protected as Co will redeem when mature
Interest is paid quarterly
Plus can enjoy capital appreciation when mother share moves north direction (eg Encorp-la from below RM1.00 to RM1.15 today)
wil-i-am
post Aug 27 2013, 09:55 AM

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QUOTE(yok70 @ Aug 27 2013, 12:37 AM)
My Jupiter system does not display any info regarding the exercise price and ratio.
Are these LC trading at negative or zero premium by its exercise price and ratio? If yes, then correct, capital is protected. Otherwise, no, it's not protected.
smile.gif
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As of yesterday 2 trades above nominal value (nv), 1 = nv n 1 < nv
Yield range fr 5.22% to 8.54%
Plus interest is not tax @ source smile.gif
wil-i-am
post Aug 27 2013, 10:30 AM

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QUOTE(cherroy @ Aug 27 2013, 10:19 AM)
RCULS subjected to default risk.

So it is different ball game with reit.

Loan stock is more to equities.

Reit, own the property, as long as property is worth, worst to worst is liquidate the property and get back the money.
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That's y v have RCSLS n RCULS
S = Secured (backed by assets)
U = Unsecured (no assets to back up)
Worst case, u still get back d money

Take Malton as example
Mother = 0.835
RCSLS = 1.00
Upon maturity, Malton will redeem at 1.00 (nominal value)
However, if Malton goes up to 1.20, RCSLS holders have d option (i) to convert from RCSLS to mother share on 1:1 basis or (ii) to request Malton to redeem @ 1.00 (unlikely)
smile.gif
wil-i-am
post Aug 27 2013, 12:07 PM

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Q to buy Igbreit @ 1.16
wil-i-am
post Aug 27 2013, 01:01 PM

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QUOTE(SKY 1809 @ Aug 27 2013, 12:27 PM)
Why Q, just buy at seller  price lah, only 1sen diff
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Bro, d urge of selling right now > genuine buyers
Just relax n get redy $ to pay once it's done deal smile.gif
wil-i-am
post Aug 27 2013, 01:03 PM

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QUOTE(ronnie @ Aug 27 2013, 12:46 PM)
I think it could go lower for all REITs
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Xcept Bsdreit
Oops... up 3 cents n closed @ 2.05 (midday)
wil-i-am
post Aug 27 2013, 04:51 PM

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Red ocean xcept KLCC
wil-i-am
post Aug 27 2013, 05:39 PM

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QUOTE(yok70 @ Aug 27 2013, 05:13 PM)
How much interest rate Malton-LA gives p.a.?  notworthy.gif
And its maturity date?
Currently, the LA is trading at 0.990, that really has some protection if the company does not default it in future as you said can redeem at 1.00 when mature.
However, mother share is now cheaper than this LA though.  biggrin.gif
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6%
30/6/2018
Yup
RCSLS back by assets from Malton group
wil-i-am
post Aug 27 2013, 05:55 PM

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QUOTE(yok70 @ Aug 27 2013, 05:44 PM)
It's 6 sen pa that paid quarterly? TE or with tax?  notworthy.gif
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Yup
TE
wil-i-am
post Aug 27 2013, 06:24 PM

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Just joined Igbreit as shareholders
wil-i-am
post Aug 28 2013, 08:48 AM

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QUOTE(sweetlemonande @ Aug 27 2013, 09:12 PM)
Just wait for tomorrow, I will be joining as well if rm 1.10
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Glad to welcome u smile.gif
wil-i-am
post Aug 28 2013, 10:04 AM

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All Reits down now xcept Bsdreit n Igbreit
wil-i-am
post Aug 28 2013, 01:56 PM

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2 Reits closed @ 1.00 n below
Arreit = 0.99
Stareit = 1.00
wil-i-am
post Aug 28 2013, 02:57 PM

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Y so many buyers q to buy Igbreit now?
wil-i-am
post Aug 28 2013, 03:26 PM

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QUOTE(felixmask @ Aug 28 2013, 03:20 PM)
BUYING....WE BUY....
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Glad to hear Heavyweights is buying now to support d price thumbup.gif
wil-i-am
post Aug 28 2013, 10:17 PM

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QUOTE(rockmy11 @ Aug 28 2013, 09:40 PM)
UOAReit may not be a good capital investment, but it provides good dividend right?
The dividend yield seems to be pretty consistent.
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Yup
For d past 5 yrs (fr 2008 - 2012), dividend range from 9.83 to 11.50 cents
wil-i-am
post Aug 29 2013, 10:34 AM

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Great to c Igbreit is stabilizing right now
wil-i-am
post Aug 29 2013, 10:48 AM

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Alredy rec'd Igbreit dividend today
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