Yes that is my opinion only.. not necessary same as the market thinks..

My point of view

Tier 1 :
Consistently high occupancy >98% or with >5 year average contract
Low D/A ratio (<25%), Long term fixed rate loan, high percentage of fixed rate loan (>70%)
Strong asset portfolio to withstand major economic downturn
Able to consistently raise rental revenue
Good acquisition pipeline to boost revenue

Tier 2 :
Moderately high occupancy >85% or with 1-3 year average contract
Moderate D/A ratio (<30%), Moderate fixed rate loan, medium percentage in fixed rate loan (>50%)
Moderate asset portfolio to withstand minor economic downturn
Able to raise rental revenue albeit not consistently
Have possible acquisition to boost revenue

Tier 3 :
Low to moderate occupancy >75% or with low contract (<1 year) and with high tenant turnover
High D/A ratio (<50%). Have some fixed rate loan but <30%
poor asset portfolio to withstand economic downturn
Not able to raise rental due to over capacity
No plans for further acquisition to boost revenue, stagnant revenue for the last 5 years

That is what the market perceive.. always higher yield demand for higher risk taken...

But then again sometimes the market gets it wrong.

Which REIT dont rely on borrowing one?

Dont worry as long as they can make more than the interest payment then no problem.

This post has been edited by gark: Jan 5 2014, 11:41 AM

I thought target 2.44 now?

General for all REITs... just my viewpoint only..

Remember .. 2.44...

Not all malls, some malls is increasing their management fees to the tenants for the higher electricity...these are the malls which got 'pricing' power ones..

Under boustead group...

The curve.. my neighborhood mall. Mostly go there makan only...

This post has been edited by gark: Jan 7 2014, 03:04 PM

still slightly above my ABP.. so i wait lower...

Buy all the way down from 1.45, 1.39, 1.35 to 1.33 if not mistaken...

This post has been edited by gark: Jan 7 2014, 03:26 PM

why? whats wrong?

Apa ini... your buy list ah?

Certainly not mine.

Goreng reits?

later the REIT goreng you back then you know...

This post has been edited by gark: Jan 7 2014, 05:40 PM

Got use that technique but not for all stocks .... Only when a stock spiral down out of control.. during recession time. The last time i did that is end 2008..

CMMT is going down like a old man only..

This post has been edited by gark: Jan 7 2014, 07:15 PM

Nope... REIT is slow slow buy 1....

This old man quite resilient leh.. drop down .. climb back up..

Good.. a semi martingale tactic....

Go CMMT... I think the fear is beginning to ease...

This post has been edited by gark: Jan 8 2014, 05:03 PM

That one arrrrr.....