Found this from its latest annual report

MINIMAL IMPACT OF GST ON REIT
In a broad perspective, the introduction of GST is not expected to have any significant impact on the earnings and operation of Sunway REIT.
Under the GST guidelines, any issuance of new units undertaken by a
REIT will result in the classification of a REIT as a mixed supplier. The
classification will result in GST implications to the REIT. Sunway REIT
alongside with the Malaysian REIT Managers Association (“MRMA”)
are engaging with the relevant authorities pertaining to this with
reference to precedence in the region.

Any idea guys or you hear anything that SUNREIT will maintain 100% payout in FY16? since 100% DPU payout is guided until 2015 only.

Yeah, coz initially will prefer the REIT to receive some in units instead of full cash, will monitor other REIT and see whether other REITs are opting for cash payment as well or not , thanks spider

Morning Cherroy, your explanation makes perfect sense, my queries are cleared will monitor others REITs as well if they are shifting to cash payments.

Thanks for enlightening, it is clearer to me now the mixed supplier classification does attract tax implication:) thanks wil-i-am

Afternoon guys, I am new to MRCB-Quill REIT and did not follow much on this REIT, noted on its high yield. Can share any take on this particular REIT's prospect and also its management integrity? any idea how does the REIT plans to pare down its 44% gearing level?

no problem

For UOAREIT unit holders I am looking into UOA REIT, aware that UOAREIT public shareholding spread issue is yet to be resolved and pending Bursa approval for the lower spread. Any idea why does it take so long for Bursa to revert? if I buy into the UOA REIT in future, technically the key risk I face is delisting only right ( in the extreme case)?

True cherroy, thanks for pointing out, think about it, it should be easily complied, the major shareholder can just dispose few % of its stake in the REIT. ok Got It!

Hello guys, noted that SUNREIT will slowly shift to full cash payment for its manager fees instead of full units moving forward. Any ideas what about other retail REITs such as IGB or PAVREIT? are these REITs going to follow suit?

Hi guys, just wondering for IGB REIT, noted that its entire managers management fee is paid in units while currently, half of SUNREIT's management fee is paid in units and management will move to 100% cash payment by next year if I am not mistaken (feel free to correct me).

Any idea why is there a difference in the treatment of management fee?

No fixed rule ya. Thanks Holybo!

Now only I recalled cherroy shared before on this issue, due to GST implication, hence the REIT may want to move to cash payment instead of units.

Wondering if IGB REIT etc will follow suit with cash payment.

Both methods have its respective pros and cons nonetheless

IGB REIT RM1.61, do you guys think this price level is sustainable?

As the yield has compressed so much, OPR cut priced in?

Yeah, decided to sell some IGB REITS and take profit.

The yield compressed so much that I think it is overvalued, but guess the price level remain supported in near term due to funds buying into selected M-REITs.

For those who have invested in UOAREITs, could you share your view on its management track record so far in managing office portfolio? do you see rising vacancy rates in its office portfolio?

Thanks Pink Spider , for UOA REIT, any idea:

1) Are we able to find out its weighted average lease expiry (WALE) profile to gauge how many % of its lettable area up for renewal in next few years?

2) Usually, any insight into what sort of rental reversion rate achieved by UOA REIT in the past?

3) What do you think of the potential office glut in klang valley, would it impact UOA REIT significantly?

Thank you pink spider!

Wish they could disclose more info haha. So far, I think SUNREIT's disclosure is the best among M-REITS.

Sure, I will work out the historical growth rate, because I thought if we could assess the WALE, at least we can form some opinion on future rental reversion potentials.

I agree that moving office is not fun at all, there are a lot of factors to be considered I.e cost & benefit. Hence I think UOAREIT could still sustain its earning and distribution level.

Thanks ya! will study UOAREIT in details

Good point for consideration will assess both

Hi Nexona,

Any idea why MRCB-QUILL REIT did not opt for rights issue instead?

Halo Holybo!

Agree with the perspective as we want inflow instead of outflow by investing in REITs.

Isn't rights issue fairer for us as minority? we can choose whether to participate in the funds raising exercise or not instead of outright dilution due to private placement.

That said, I will be cautious if the management keep coming to tap all shareholders' pockets.

I visited Damen during weekend for few times recently, according to what I understand from security guard, she felt that the footfall has started to pick up only recently.

My observations

1) A nice and less congested place to yam cha with friends there.

2) It has a nice food court called canteen, I like the concept and SEGI students may like to makan there.

3) but the layout of the mall may not be that nice in my view.

4) That said, I will be cautious on Damen due to repositioning of SUMMIT and its refurbishment which may increase SUMMIT's attractiveness to people and impact footfall to Damen.

5) As PAVREIT is still largely dependent on PAVILION and I like Pavilion Mall, hence I continue to hold despite some cautions on Damen and hope the sponsor can do more advertisement for Damen to boost its visibility.