Hi guys, newbie here. Has a fundamental question to ask if a REIT is going to declare distribution in say, 2 weeks time. If I were to buy today, am I entitled to the distribution? if yes, does it matter if I buy now? or after distribution? as I am not sure if I buy before distribution, will be total wealth end up to be the same or not. Look forward hear from you guys

Hi Cherroy, thanks for the sharing. Noted on the price adjustment, appreciate it. Some mental block I have here,

Assuming I invested RM1k @ RM1 per unit (excluding brokerage cost for simplicity) ,I invested 5 business days before the ex-date and the interim distribution is assumed to be tax-free 4 cent per unit for 1H 2015. Can I say my distribution entitlement for 5 days will be roughly ( RM40 * 5/180 day) = RM1.11.

Is the distribution supposed to be calculated this way (apportion method) for those who came in half way since last distribution to the next distribution date?

On the ex-date, assuming the price did not change from my investment price of RM1, with 4 cent adjustment, the opening price will be RM0.96 like what you've mentioned.

Since my current 1K unit will be valued at adjusted price of RM0.96 ( equivalent to RM960) and plus the distribution I have received for the 5 days are RM1.11, so my total wealth is RM961.11, it seems like I have made a loss compared to my RM1k investment? is my calculation correct? feel free to correct me. As I am not sure how the REIT manager account for distribution for investor who came in half way.

How can u not love this REIT?

So, if part of the EPS includes unrealised asset gains, then DPS should be lower that EPS BUT it is now higher than EPS which makes it unsustainable.

p.s. I am not very sure on this. I hope Cherroy kor can clarify also. I read about it when he said something like that in the past.

Ytlreit will distribute final Dividend of 2.3258 cents per share
Total Dividend paid/payable for FYE 6/2015 is 7.9746 which give DY of 7.52% (b4 wht)

YTLreit proposed share placement is still on? didn't hear anything about it 

any views from sifu-sifu sekalian on the recent subdivision of AXREIT? 1 split into 2 so that senang goreng?

still wondering what could happen to reits when US rate hike....another panic sell meltdown? or a non-event? .....market is just too unpredictable.

no 2nd round 

with so Grexit, Oil drop and USD stronger...
sure there someone press panic button

Thanks for feedback.

I'm still not too comfortable while facing rate hike market sentiment risk. Our M-REITs are trading at rather moderate yield despite currency disaster. Considering Axreit, Sunreit, Pavreit and IGBreit, their net yield are ranging from 4.7%-5.3%, where the troublesome sg wang makes cmmt a little higher at 5.6%. Ringgit had felt 24% yoy, which had not priced into the yield. I am not sure  what is current weight on foreign investors in M-REIT, especially Singapore investors. It used to be quite a bit for Sunreit and cmmt. If they pull out because of low return (aka depressing ringgit + moderate but not high net yield), could depress the share price.

Currently I owned a bit of cmmt and Axreit. Not dare to hold too much, only about 3% of my portfolio.

whats wrong with mqreit?

Atrium declared Dividend of 3.6 cents in 2Q15
On annualized basis, its DY @ 9.38% (b4 wht) or 8.44% (after wht)

From an investment perspective at current price of RM1.13. Upside potential RM1.30+ fully tenanted in best of market sentiment. Downside prospect ?

Total 4 properties.

1) Atrium Puchong vacant. DHL moved to own newly built mega facilities in SA.

2) Atrium SA2 (Ceva). 4 months lease expiring next month Sept 2015. REIT with such short lease means what? Customer leaving for other places soon ?

3) Atrium SA1 (DHL) lease expiring end 2016. Will DHL renew lease or move to own facilities in SA neaby like DHL puchong?

4) Atrium USJ the smallest is tenanted with 3 different customers, lease expiring between end 2015 - 2017.

Is leasing industrial size properties as easy/simple as renting a terrace house or apartment ?

Going to be an epic challenge in 2017 for Atrium if they are left with only Atrium USJ tenanted and 3 other non-performing properties to service interest on loans.

Means from hereon, downside prospect can worsen till 2017 when it,s trading at <RM0.30 ? All the DPU you get cannot cover the hugh capital loss. 

Good thing Atrium don,t have institutional investors, else they would have been sold down long ago. If I still have Atrium shares, I would take the opportunity to sell next week to some blur retail investors who don,t bother to do any research beyond reading the Bursa announcements.

Er, in 2008/9 it traded about RM0.60 fully tenanted with just a potential risk on Atrium SA2. Nothing academic here, just illogical market sentiment which is part and parcel of the market. Inversely, how much would it have traded if all properties were vacant except one?

2017 is also about whence the next major stock market cyclical correction can occur - about every decade (give or take a couple of years).

It takes time to liquidate all the properties - meanwhile your $$ is locked with no income when opportunities abound elsewhere( stable DPU should be the only consideration for REIT ).

That's why the ? in my sentence.

P.S. would you buy at RM0.90 without DPU ?

Bro cherroy,
Do you still hold MQreit? 
So we shall look at this REIT when it touches 0.50 range? 

With NTA at 1.40, way before it touches 0.50, it will be privatised 

Let's hope for RM1.00 is more realistic 

Why is UOAREIT dropping so much?

Edit: Ok, so it's very low volume. But still shocking the lack of any buyers. I don't hold it but it'd always seemed like a decent REIT to me.

If BNM raise rates, REITs will kena