From what I understand, it is not depreciation increases cash. Rather, it's like: pay cash first, depreciate later. In some years, earning is higher than cash; in other years, cash is higher than earning. But in the end, it's the same...

This post has been edited by river.sand: Mar 5 2014, 09:12 AM

But REITs are required to pay 90% of distributable income. What is distributable income in the first place? Can a REIT reserves cash for future investment?

1. buy an iPad for your Vietmoi
2. give us a treat


They can't use the proceeds from the disposal of properties to acquire new properties?
Or, do they need to give dividend first, then loan from bank?

Return is usually calculated on annual basis.

Formula by Pink Spider

total paper profit/(loss) for the year + total dividends received during the year x 100%
________________________________________________________________
portfolio VALUE at start of year + (total cash invested/(withdrawn) during the year)/2

Higher interest rates will affect REIT adversely. And, I don't expect liquidation.
On top of that, there are many new shopping malls coming up...

AXIS REAL ESTATE INVESTMENT TRUST

Subject CIRCULAR TO UNITHOLDERS IN RELATION TO THE

(I) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 86,040,951 NEW UNITS IN AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (“UNITS”), REPRESENTING UP TO 18.65% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT OF 461,239,089 UNITS (“PROPOSED AUTHORITY”) TO FACILITATE A PLACEMENT EXERCISE (“PROPOSED PLACEMENT”);

(II) PROPOSED INCREASE IN THE EXISTING ISSUED FUND SIZE OF AXIS-REIT FROM 461,239,089 UNITS UP TO A MAXIMUM OF 547,280,040 UNITS PURSUANT TO THE PROPOSED AUTHORITY; AND

(III) PROPOSED SUBSCRIPTION OF NEW UNITS UNDER THE PROPOSED PLACEMENT BY THE INTERESTED PERSONS (AS DEFINED IN THIS CIRCULAR)

http://www.bursamalaysia.com/market/listed...cements/1587121

Is AXREIT becoming another YTLREIT

My principle is:
Determine a target buying price, and stick to it (unless fundamentals have changed)

That said, it's easier said than done

YTLREIT has private placement. This practice will lower the gearing ratio, but will also dilute DPU.

Somehow Hektar's price has remained steady, at about RM1.50.

Interest rate is up, but why does AXREIT close higher?

Do you expect REIT to grow 10% a year?

Just google 金河廣場 and you'll get a few results, e.g.
http://mykampung.sinchew.com.my/node/326193


This post has been edited by river.sand: Nov 5 2014, 08:39 AM

Malaysia also got Economic Transformation Program. But I feel that this is more like a stimulus package. Najib lacks vision

To be sure, Jokowi's popularity is down to his solving problem for the Jakarta folks. He is yet to demonstrate his vision too.