if i may add why stock price/NAV is important for REITs.

REITs normally have lots of borrowings. Their borrowings are given ratings based on their asset quality.

IF IF there was an asset depreciation due to financial downturns etc, quality assets will be able to
mitigate NAV depreciation better.
When assets deprecaite and NAV is affected, so are their ratings. This brings up the costs of borrowings
PLUS they may have to top up their risk profile for the borrowers as most borrowings are dependant
on their NAV.

single-tier dividend means the number inclusive of tax. (meaning, already tax 25%! cannot even claim back)
as for REIT, it's only 10%, less than ordinary stock's 25%.
Please correct me if I am wrong. 

Normal dividend tax - tax is not payable at company level (tax credit given for dividend paid), but is taxed at individual level at 25%, can claim back on declaration of income tax.

Single tier - Tax is payable at company level (on the total profit, no tax credit given), means the individual is not taxed again. On average corporate tax is 18%-22% depending on deductibles.

Withholding tax (REIT) - means it is not taxed on company level (0% corporate tax as long as 90% payout) but 10% individual level & cannot claim back.
Best is Singapore stocks... no capital gain tax, no dividend tax & no withholding tax. 

Stable yields for me n many others, appreciate is bonus.

Coz i need to buy more mah..... 

hi guys, i am newbie in reit..hope you can help

Final income distribution of 4.24 sen per unit (of which 3.94 sen per unit is taxable and 0.30 sen per unit is tax exempt in the hands of unitholders) in respect of the period from 1 July 2012 to 31 December 2012.

what does this mean??meaning we only get 0.30sen per unit??3.94sen are all taxed??thank you very much!!

Regarding Starhill - does it actually run the hotels, or lease them to others?

If it actually runs the hotels, then the income would depend on guest arrivals, which is not consistent...

Those payables are usually not important to consider as liabilities because it is just normal for business that other people provided services 1st then only we pay to them.
Short term debt, Current portion of long term debt, Long term debt should be the 3 bank loans that u need consider

I know payables are debt but is it really so important in REIT? We would be seeing the REIT unable to get rent by unable to rent out 1st then only need to worry about payables. Payables are expenses and we surely have "Receivables" in the account too.

Can't blame the entire on the complacency part.
Just like now, we always hear people said, die die also must own at least a property, as property price only escalating and won't drop one.

As many may not experience before
1. how bad it can be holding a property that cannot be rented out, while need to pay monthly commitment. <-- it is a big liabilities if the property is doing nothing.
Even if rented out, collecting rent may not as "smooth" as many think.

2. properties price dropping instead rising.
3. abandoned property project

Nowadays, with property price so high, and maintenance cost of the property is expensive, rent is not entirely a bad idea.
I always disagree most people said that rent a house is bad, must own the property. But many forget there are plenty of commitment and liabilities by owning a property.
If rent can improve cashflow of personal financial management, then rent can be a good choice, instead having big commitment by owning a property, and every month struggling to pay the bill after commit too much on house loan repayment.

Even they own majority, We as minority also have right attend & vote at EGM. In the meeting, we hentam kaw2 at the management until need to call Polis bantuan 

Got the feeling the major shareholders hold more than "officially" listed.  Using the good old method of using other people name to hold shares 

broker say nothing is wrong and YTL so big why worry... i ask him about the delay payment, he say he dont have any inside news but most of his clients are still holding except me who let go and say i stupid
basically he got nothing to share with me..

anyway REITS are pretty stable counter if you want to hold just go ahead nothing wrong just that i am giving up all my REITS as the DY is dropping from year to year bit capital appreciation make up for the low DY

just that i dont like anything below 8% as i am the type that take the money and reinvest back into the shares to keep it snowball

when the DY is as low as 4.xx% it is really disappointing! Maybe put FD got special rate with 4.1% if you have  > RMx you will get summore risk free and no need to pay stupid brokerage fee and stamp duty

so you have to understand why i am looking at 8% yield minimum. buy also need pay brokerage sell also pay brokerage if you get 4% is not worth the risk if the market collapse where you will suffer capital loss lo...

anyway today i have release almost 60% of my REITS left with only AR  & SUN & KLCC... most likely will let go as well. all got capital gain

the only one i might keep is AR saja... even my PAV also i sell today lo

sell while green!!

i am still in discovery mode to find 7% to 8% DY but chances are pretty slim
monday if continue green will sell all my REITS and be REITS free

they are not cheap enough for me and it is the start of FF pull back..

M'sia ppl still go shopping every weekend. More mall dispense the crowd.
The good thing is no more jaming and wasting time looking for parking at midvalley. Compare everyweek must reach there before 11am, else hv problem finding parksing space, sometime the driver can be   

Else worry buy both....

Mall REIT traditionally have the least dividend yield, typically <5% and <4.5% net tax. Now 10 year MGS is heading towards 3.5%, from 3% previously.

REIT yields are no longer attractive to compensate for the extra risk (~100 bps). So the yield have to rise to match the risk, hence the prices are falling.

The more the MGS security yield goes up, the more lower the prices to compensate.