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 M Reits Version 7, Malaysia Real Estate Investment

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SUSPink Spider
post Jul 24 2015, 10:03 AM

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QUOTE(waynew @ Jul 24 2015, 10:00 AM)
anyone knows what's happening with oversold amfirst?
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Look at its latest dividend declared and u get the answer...

Just 5% net yield, for a portfolio mainly made up of offices

QUOTE(cherroy @ Jul 24 2015, 10:02 AM)
CMMT yield is better with around 6%.
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Not comparable, one is pure offices, one is mostly retail

oh ya, normally retail command higher growth in rental income, thus the yield should be lower

This post has been edited by Pink Spider: Jul 24 2015, 10:04 AM
SUSPink Spider
post Jul 24 2015, 10:08 AM

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QUOTE(waynew @ Jul 24 2015, 10:06 AM)
i think there is something not right that caused -20% capital
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Look at its 2-year and 5-year chart...

AmFirst has been on downtrend since dunno when yawn.gif
SUSPink Spider
post Jul 24 2015, 11:24 AM

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QUOTE(Showtime747 @ Jul 24 2015, 11:12 AM)
Manage to bottom fish at 1.28 just last week  tongue.gif
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While I jadi waterfish just top up at 1.32 sad.gif
SUSPink Spider
post Jul 24 2015, 11:29 AM

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QUOTE(Showtime747 @ Jul 24 2015, 11:28 AM)
If you are water fish, me also. Have been topping up 1.30, 1.31, 1.32. Like you said, after announcement, 1.32 is like 1.28. Even 1.34 is 1.30. Still worth buying (my feel only lah)
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Where is that fella who like to push up with 1 lot? tongue.gif
SUSPink Spider
post Jul 24 2015, 11:35 AM

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QUOTE(waynew @ Jul 24 2015, 11:33 AM)
oh ya, i still dot understand whats the point he wanted to do that for
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give unsuspecting people the impression that there are buying interest at higher price brows.gif
SUSPink Spider
post Jul 24 2015, 11:38 AM

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QUOTE(felixmask @ Jul 24 2015, 11:36 AM)
mine average 1.39..i worst than waterfish.... sotongfish
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U are IPO entrant laugh.gif
SUSPink Spider
post Jul 24 2015, 05:02 PM

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I think results for IGBREIT not today release hmm.gif
SUSPink Spider
post Jul 24 2015, 07:34 PM

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QUOTE(felixmask @ Jul 24 2015, 07:05 PM)
Diluting EPS. Not good to shareholder. tongue.gif
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IGBREIT been doing that since listing
SUSPink Spider
post Jul 27 2015, 09:15 AM

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QUOTE(Bonescythe @ Jul 27 2015, 01:52 AM)
For all REITs lover.. do watch out UOAREITs..

Something big happening in future.
Gonna be a asset injection of a big city mall by them..
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Now this is tasty brows.gif
SUSPink Spider
post Jul 27 2015, 10:15 AM

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QUOTE(Bonescythe @ Jul 27 2015, 10:12 AM)
Yea..
They wanna replicate something like a midvalley.. fully managed by them on the retail lots.. not selling to individual
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Bangsar South Nexus comes to mind... drool.gif
SUSPink Spider
post Jul 28 2015, 02:23 PM

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QUOTE(Bonescythe @ Jul 28 2015, 12:59 PM)
u so panai one ..

wad also can dig out
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But, don't u think they will hold under UOA Development rather than inject into the REIT? hmm.gif
SUSPink Spider
post Jul 28 2015, 06:10 PM

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IGBREIT 4.47 sen divvy (4.4 sen@10% WHT, 0.07 sen not taxable)

At last closing today of RM1.29...6.2% NET yield rclxms.gif

Such nice divvy, why today kena sold down 3 sen rclxub.gif
SUSPink Spider
post Jul 28 2015, 06:22 PM

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QUOTE(davidcch07 @ Jul 28 2015, 06:18 PM)
tmr gap up lo...  rclxms.gif
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QUOTE
For the current period-to-date, IGB REIT’s gross revenue was RM246.8 million, up 7.5% against the corresponding period-to-date in 2014 of RM229.6 million. This was mainly due to higher total rental income in the current period-to-date.

Net property income was RM176.4 million, up 13.0% compared with the corresponding period-to-date  in  2014  of  RM156.1  million. This  was mainly  due  to higher  total  rental income and lower property costs in the current period-to-date. 

How can u not love this REIT? rclxms.gif
SUSPink Spider
post Jul 28 2015, 08:09 PM

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QUOTE(Showtime747 @ Jul 28 2015, 08:02 PM)
IGBreit  thumbup.gif

Today busy, never expect down to 1.29. Don't know tomorrow still can get 1.29 or not

What time earliest can key in ? 12.00am ?
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Now already can key in lar...
SUSPink Spider
post Jul 28 2015, 08:41 PM

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QUOTE(ryan18 @ Jul 28 2015, 08:33 PM)
Nice one Igb. Will pavilion do the same magic? Let's see
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They better do, at current price, PAVREIT is only yielding about 4.8% net. If u ask me, nothing short of 10% improvement in results would suffice.

This post has been edited by Pink Spider: Jul 28 2015, 08:41 PM
SUSPink Spider
post Jul 28 2015, 11:43 PM

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QUOTE(aspartame @ Jul 28 2015, 11:38 PM)
4.47 sen half yearly: is this dividend sustainable? EPS latest quarter 1.91 sen: annualised only 7.64 sen, how to pay 8.94 sen?
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Dividend is paid out from realised profits.

And Manager's fee is paid by issuing additional units, i.e. non-cash flow.
SUSPink Spider
post Jul 29 2015, 09:26 AM

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QUOTE(Orang Sabah @ Jul 29 2015, 08:55 AM)
Pink spider, morning. I assuming there will be minor dilution along the way which should not be harmful to unitholder? and any particular reason why REIT manager opt for units as party of their payment instead of full cash? purely for them to share the distribution from the REIT in the future?
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One reason, the REIT manager don't need the cash, they also don't wanna deplete the REIT of its cash. Hence, chose to be "paid" in units...

Yeah, dilution there will be...

aspartame u are correct...
And they can increase payout by utilising REALISED profits from prior periods...

As expected, recover back to 1.32 liao. Congratz to those who picked up at 1.29-1.30 yesterday rclxms.gif

This post has been edited by Pink Spider: Jul 29 2015, 09:28 AM
SUSPink Spider
post Jul 29 2015, 12:23 PM

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QUOTE(aspartame @ Jul 29 2015, 12:21 PM)
Yes, they can increase payout by utilising realised profits from prior periods, provided those profits were not distributed previously. You still come back to: if you take the EPS for the year and the DPS for the year, DPS has to be lower and at most equal to EPS. DPS more than EPS is possible in one or 2 quarters but you always fall back to the rule. So, what I am saying is that your calculation of NET YIELD of 6.2% based on current quarter DPS is an overstatement of the dividend yield.
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But u see their earnings...

4 sen a quarter is realistic

Let's say 4 sen x 2 x 90% / 1.32 = 5.45% net yield

Not too bad considering their growth rate
SUSPink Spider
post Jul 29 2015, 01:49 PM

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Now, let's see if PAVREIT can match IGBREIT's rate of growth icon_idea.gif
SUSPink Spider
post Jul 31 2015, 11:48 AM

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QUOTE(davidcch07 @ Jul 31 2015, 11:34 AM)
sold all my IGBREIT.
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1.35 cum divvy also sell? hmm.gif

I'm more interested to dump my KLCC...7.10++ now hmm.gif

This post has been edited by Pink Spider: Jul 31 2015, 11:49 AM

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