Reit are "battled" across due to rate hike recently, as well as potential mall and office space oversupply.

I guess reit market may be correcting to old day yield of 6.x~7.x% before bottoming.

entered pavreit at 1.38. next top up at 1.28.

is there something going on that we do not know? such heavy selldown today

The DPU for PAVREIT has been stagnant for the last 3 years. The purchase of DAMEN mall and intermark mall has high operating expenses / maintenance expenses hence it drives down the net property income for last few quarter. Lower net property income = lower DPU.

From the latest QR we can see that intermark mall has started contributing. Occupancy rate is healthy as well. Just have to monitor the operating expenses of DAMEN Mall.

With the acquisition of Pavilion Elite, i believe it will bring more income to PAVREIT. For the Farenheit 88 mall, i guess there will be acquisition plan in the pipeline.

Long term prospect is still good, just have to buy-in in the correct price.
One simple method is to benchmark MGS yield. For PAVREIT, personally i use MGS yield + 1.5%. REIT is sensitive to interest rate environment. If interest rate increase, bond & REIT goes down.

Whereby comparing to IGBREIT, the DPU is growing every year. Hence the share price is much more "stable" than PAVREIT.

For malls reit, outside of so called "top malls", I won't consider at all.
In current situation, IGBreit is actually blessed with no "diversification", and only has the only "top malls", which spared from secondary malls oversupply.

Yea nt gonna rush it.. Jus gonna buy some n keep for long term.

Today looks better, as of now is 1.36

Damen not doing well either..
Not many crowd..
Only F&B got some business.. Others outlets all dying 😈

I do not think there will be another 0.5% hike further.
Many businesses may suffer if rate continue to go higher.
Despite good GDP number, in reality not all businesses are not doing greatly, recent Q report of many listed companies only reporting so so earning across.

Axreit should see some DPU improvement with new Nestle warehouse income,
MQreit - should see more and less a stable DPU. 

The reit which can provide stable DPU in this reit bear market are essential to get through this difficult time.
Top of the list currently is
IGBreit
YTLreit

I do not see FD rate can go beyond 4.5~5%.

Personally think CMMT had been pushed down excessively. With 7-8 cents DPU, it's about 7% yield.  Even with 30% discount to DPU, it's still 5%+.

I think for SW they have their hands tied, half the lots does not belong to them.. so it will be difficult to coordinate revival plan. The only thing they are doing is the overhead pedestrian bridge to BTS..might backfire and more people go to BTS instead (idea from capitaland revival of Junction 8 and IMM in SG)

The best they can do, but again their hands are tied, is to demolish and rebuilt into integrated mall/office/hotel/condo like what they did to Funan mall in SG. Hotel/condo/office will be given to developer, and in exchange you get a brand new mall at no cost, and DPU remain stable as developer is paying the rent during construction.

Owner of CMMT is capitaland SG.. which is quite capable. But because of SW I sold all my units at 1.45 previously.

There is still residual value in SW..valued at 0.58 bil in case the business tutup.

CMMT price is currently 20% below NAV.. ~ 0.8 bil discount.

I think all the negatives is nearly priced in.. 

So sudah beli? 

congrats on your successful timing the reit market 

hell yeah, this nestle is crazy, valuation is like nothing to nestle's investors, they just buy and buy and nothing else. 

Picked up mqreit at 1.06 and cmmt 0.995 time for warchest to go to work.. 7-8% yield keep long term is good enough for me..

Currently 3 reit is trading at ~8% yield.. mqreit, cmmt n hektar... But i see their dpu will fall somewhat to 7-7.5% yield. Still highest in the malaysia reit universe.

Will continue to add for every 2-3c downwards, my warchest should be able to last even they retrace another 30% downwards.

Coincidence.. both reit managed by capitaland and hektar by fraser .. all sg company.

so weird that sunreit didn't fall much....

current MSG 10 years is 4%.

according to current environment, to give a spread of 2% (from net yield) for excellent asset class, 3% for moderate asset class, and 4% for high risk asset class. i have the followings of today's closing price.

axreit 6.1% slightly undervalue (target 6%)
cmmt 7.4%  slightly overvalue (target 7.5%)
sunreit 5.4% highly overvalue (target 6.5%)
hektar 7.1% slightly overvalue (target 7%)
mqreit 7.3% moderately undervalue (target 7%)
igbreit 5.6% moderately overvalue (target 6%)
pavreit 5.8% overvalue (target 6.5%)

REITS Cheap Sales temporary on hold
just when BNM hold rate at 3.25%
now need to wait patiently for the next news to pressure the price again..

CMMT
No. of shares issued 2,882,300
Issue Price Malaysian Ringgit (MYR)  1.603
http://klse.i3investor.com/additionalListi...246_5188731.jsp

Sad case for CMRM staff.

time to collect already. average down.

Well at least CMMT is doing something..
They seems to be positive about the future of the mall...
Especially after MRT completed..