This month is REPORT CARD month... We hv to see if there is any surprise result...

<5% yield...

reits, i see only parkway life and kdc.

u gonna sell them now?

SGD shot up to 3.1764 this morning ... what happened?

ya yesterday i saw was 3.155 money changer rate.. today i see 3.185...

really killing us here. earning RM and change SGD. haizz....

yeap.. but if dun change to SGD.. our $$$ is getting smaller and smaller.

Now my kids overseas education idea maybe have to scrape at this rate....

Convert RM500k into AUD u mean?

Rich man. But Rm500k do not pay for 4 years in Aus.

Sorry side track abit. Anyone buy MReits ? What do u think MRCB Reits ?

Real Estate Investment Trusts (REITs) incorporated in Thailand had the highest average dividend yield in ASEAN in the first half of 2012, a new study by property broker CBRE Group shows.

According to the research, Thailand’s REITS returned an average of 7.6 per cent as opposed to Singapore REITs with an average of 6.4 per cent and Malaysian REITs with 5.9 per cent average yield before tax.

Thailand also had the largest number of listed REITs in entire East Asia, the study shows. Currently. 38 REITs are listed in Thailand, 26 in Singapore and 15 in Malaysia, CBRE says.

TQ Ramjade. I will consider on Axis Reits and MQ Reits. Just for fun only.

Elea, do you invest in Msia shares also ?

Bro Hansel, do you invest in Thai shares market ?

Are fees paid to REIT managers really the problem?
By:
Goola Warden
SINGAPORE (April 13): The extraordinary general meeting requisitioned by 66 disgruntled unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) that has been scheduled for April 28 could see a lively debate about the fees that the beleaguered REIT has been paying its manager.

Jerry Low Chin Yee, the de facto leader of the dissident unitholders, says his main gripe is that Sabana REIT’s distributions per unit (DPUs) have dropped from 9.38 cents in 2013 to 5.01 cents in 2016. During this period, however, fees paid to Sabana REIT’s manager remained largely intact.

Sabana REIT’s manager has defended the fees payable by the REIT, stating in the EGM circular to unitholders that they are “within the range of all the fees charged by other property managers of Singapore-focused industrial and logistics REITs with [assets under management (AUM)] of between $1 billion and $2 billion”.

It specifically compared Sabana REIT’s fee structure to those of AIMS AMP Capital Industrial REIT (AA REIT), Cache Logistics Trust, Soilbuild Business Space REIT and Viva Industrial Trust (VIT).

Yet, this misses the point. REITs that have comparable fee structures do not necessarily deliver similar results. And, there are other avenues for REIT managers to boost their overall fees besides driving operational performance.

In the case of Sabana REIT, the dissatisfaction among unitholders stems not just from the fees that the manager has been collecting, but from the fact that it has been doing so even as unitholders have been losing money.

Unitholders paid fees of $8.51 million in 2013, $9.68 million in 2014, $9.29 million in 2015 and $8.63 million in 2016.

For all the criticism that Sabana REIT’s manager has faced, analysts say fees are not the first thing they consider when sizing up a REIT.

What else do analysts look for, and how have standards shifted for REITs over the years? Find out how the unitholder revolt at Sabana REIT could catalyse further changes in Singapore’s REIT sector in this week’s cover story for The Edge Singapore, (Issue 775, week of April 17), available at newsstands today.

Good thing I hedged my assets in gold.
It is MYR5800 per oz today! 
Stoopid MYR is back above 4.4 to the USD!

Bro,... this Sabana event is the first of its kind where unitholders revolted against her,.. an event that will set the precedence for governance for many years to come,..

I think it's worth to go for this AGM,... what do you think ? It's worth fight in this battle to learn to evaluate REITs.

Bro,... there's no confirmation yet,... there could still be many steps to go before e-Shang can takeover officially !

Would you be keen to go ?? We don't get to see something like this everyday,...

Can name so Malaysia shares to keep for long term ?

Elea,

u made loss by buying public bank or Nestle shares ?

I would normally buy before the ex date.. in the hope that after exdate price will go up.

But if keeping yield long term dun think will be any difference the few cents...