How long have their property at Semantan been vacant?

I don't have the historical data.

Let's say, building A has been vacant for past 3 years. So, no rental income.

But revenue and earnings for those 3 years were erratic, so the problem is not only with building A.

Got what I mean?

PAVREit just crashed 7.48%...!!

whats the news?

yea...what happened to PAVREIT

some lucky buy 1.36.. and some accidently sell? coz only 1 time transaction.

Yeah, most likely. Now Buy bid at 1.40 Sell bid at 1.45...more normal

As far as I remembered, its DPS is quite consistent throughout (around 7.x cents pa), only lately few Q DPS dropped, as mentioned due to vacant property.

Generally, so far I don't see most reit earning/DPS is erratic across. Pretty consistent with their property lease issue.
Fully occupied, within expectation.
Vacant, DPS dropped.

For those who held firm with TWRREIT
http://www.theedgemarkets.com/my/article/t...oost-nav-unit-5

http://www.bursamalaysia.com/market/listed...cements/1838509

This post has been edited by Pink Spider: Dec 29 2014, 06:04 PM

Twreits give many big hope to investor

sell Menara ING for RM132.3m cash
Market value: RM101,500,000 (valuation date: 1 December 2012)
NLA: 160,413sqft
Acquisition Price: rm81,000,00
Age:24year



For an old building. Who want to buy? demolish and build a bigger one.

Didn't specify how to utilize proceeds

Bumper dividend?

It says it's gonna be used to repay borrowings

So,TWRREIT...

RM132mil / 280.5mil shares = RM0.47 per share

Current share price = RM1.26 - 0.47 = RM0.79

Assuming ING earns no revenue now, so dividend remains the same.

Last divvy 3.83 cents. Annualised is 7.66 cents.

Total divvy yield = 0.0766/0.79 = 9.7%

Correct?

why minus 0.47? NAV?
DY is

Annual Dividend Paid / Price per share

Minus 0.47 is because I assume they pay this out in full as special dividend. Even if they use the proceeds to pay off debts. This should translate to higher earnings, so what they do with the money doesn't matter. What I want to know is the new DY%.

Yes, DY% = Annual Div / Share Price

I dun think u minus the divd away..
need ask PinkSpider

Repay borrowings.

Cash out/reduce
Borrowings reduce

Means

Reduce asset
Reduce liabilities

Negligible impact to Net Asset Value.

As for earnings, borrowings cost will be reduced.

That calculation above is incorrect.

Normally, the proceed of selling is used for repay borrowing or used to acquire new property.

If you used the entire proceed to pay as dividend, then the reit borrowing ratio shoot up dramatically already.
So can't count like that.

Normally it is the extra profit gain aka the realised profit from the property being distributed as dividend, which is tax exempted generally.
Eg. The property is acquired at 100 mil, now sell at 132 mil, then the 32 mil realised profit can be distributed as special dividend.

Negligible or not still dependent on the revaluation of the property before disposing of.
If the value (after revaluation) is close enough to the disposal price yes then it's negligible.

Did I not say CASH REDUCE

I'm saying AFTER the disposal
The disposal gain already accounted for

What the REIT do with the disposal proceeds has negligible impact on the NAV