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 M Reits Version 7, Malaysia Real Estate Investment

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SUSPink Spider
post Oct 13 2015, 09:48 AM

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QUOTE(Bonescythe @ Oct 13 2015, 09:45 AM)
but quill city mall boleh meh?

macam sangat kosong a bit one?
*
Quill City mall not yet injected into the REIT lar

MQREIT is currently mostly offices (big, mostly single-tenanted by the likes of DHL, HSBC, BMW etc)
Also got lower retail floors of Plaza Mont' Kiara...
And Platinum Sentral at KL Sentral and Tesco at Penang

This post has been edited by Pink Spider: Oct 13 2015, 09:50 AM
SUSPink Spider
post Oct 13 2015, 09:54 AM

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Btw, KLCC now yielding 5.2% net for FY2016. Anyone? hmm.gif
SUSPink Spider
post Oct 13 2015, 10:29 AM

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QUOTE(gark @ Oct 13 2015, 10:23 AM)
Sungai Wang not kecik meow loh..
*
They (the ANALysts) kept on harping on the point of its "prime" location... whistling.gif

But that mall is...too old already...

The layout...cannot pakai at this age already, esp at KL...

Look at KLCC, MidValley, Pavillion, even Berjaya Times Square...all have that "airy" feeling to it... thumbup.gif

Sg Wang...if really wanna revive...better demolish tongue.gif
SUSPink Spider
post Oct 13 2015, 10:36 AM

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QUOTE(Bonescythe @ Oct 13 2015, 10:32 AM)
Many company shifting away from KLCC to bangsar south oo
*
Buy UOAREIT lor tongue.gif
SUSPink Spider
post Oct 13 2015, 10:38 AM

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QUOTE(Bonescythe @ Oct 13 2015, 10:38 AM)
u got igb mq and uoa reit..
so which one is the largest of all?
*
In this order:
IGBREIT
UOAREIT
MQREIT
KLCC
SUSPink Spider
post Oct 13 2015, 10:41 AM

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QUOTE(Bonescythe @ Oct 13 2015, 10:40 AM)
I almost everyday go midvalley.. no wonder u profit banyak
*
On the contrary...for profits (paper gain + dividends) in %...in this order blush.gif

UOAREIT
KLCC
MQREIT
IGBREIT

Cos I 1st bought IGBREIT at its high doh.gif

QUOTE(gark @ Oct 13 2015, 10:41 AM)
Why everyday go midvalley?  tongue.gif

The you should buy the REIT as you are its best customer..  laugh.gif
*
Mesti pergi gym flex.gif

And/or Cititel Hotel brows.gif

This post has been edited by Pink Spider: Oct 13 2015, 10:43 AM
SUSPink Spider
post Oct 13 2015, 10:50 AM

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QUOTE(cherroy @ Oct 13 2015, 10:44 AM)
Sg. Wang problem is CMMT doesn't own the mall 100%.

May be can change mall to office space, or redevelop into luxury hotel, you can't go wrong too much with having a prime location property.  tongue.gif

If situated at wrong location, that "growing grass" one, then it is a big worry.  laugh.gif
*
When price low, the private owners don't wanna sell

When price high, CMMT don't want buy

Stalemate laugh.gif
SUSPink Spider
post Oct 13 2015, 01:23 PM

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QUOTE(wil-i-am @ Oct 13 2015, 12:56 PM)
Now is green
*
While IGBREIT got more sellers than buyers hmm.gif
SUSPink Spider
post Oct 13 2015, 01:55 PM

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QUOTE(wil-i-am @ Oct 13 2015, 01:49 PM)
Provided u can tolerate with low DY of 4.80% plus potential capital appreciation
*
Current year net divvy is 34 sen

At RM6.90 net yield is already 4.9%

KLCC earnings and divvy growth quite respectable, should be able to expect >5% net yield for next year

This post has been edited by Pink Spider: Oct 13 2015, 01:55 PM
SUSPink Spider
post Oct 13 2015, 02:05 PM

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QUOTE(Starbucki @ Oct 13 2015, 01:57 PM)
Is there any chance that its price may dip?

Sorry i'm not a reit expert.
*
(1) Interest rate hike by BNM
(2) Market crash bringing everything down
(3) Market foresees that KLCC may report bad earnings and hence may reduce dividends

So many possibilities
SUSPink Spider
post Oct 13 2015, 02:25 PM

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QUOTE(gark @ Oct 13 2015, 02:13 PM)
Emm KLCC should be yielding higher..

Got only 1 mall which is resilient... and doing ok..

Twin twin tower & Tower 3, Petronas as biggest client also ok ... but its still a office tower so should yield higher..

Menara Maxis, Exxon mobile.. ok lah.. stadard office space

Mandarin Hotel is a bit meh .. occupancy is not consistent..

Kompleks Dayabumi.. this.. is one old building, dont like it at all sweat.gif \

With so much office properties and hotel, .. it does not justify 4.9% yield..  doh.gif  doh.gif
*
Yeah they're offices.

But the rental arrangement for most is "triple lease" structure, means the tenant is in charge of assessment, utilities etc. And most are long-term leases so less risk of non-renewal of lease. Also, rental increases already built into the rental agreement.

This somewhat low risk of non-renewal of leases is what grants it the low spread over MGS.
SUSPink Spider
post Oct 13 2015, 02:32 PM

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QUOTE(gark @ Oct 13 2015, 02:29 PM)
Triple lease is both a boon and bane.. it means the price is more or less fixed .. means cannot raise big big rental  tongue.gif

But then also, cannot lower rental, so a safety net.. hmm.gif

So it cancels out each other..  whistling.gif
*
oi, belum minum kopi? tongue.gif

QUOTE
Fixed rental escalations (ranging from 9-14% every
3 years) built into the tenancies provide steady revenue growth
for the stapled security.

http://klse.i3investor.com/files/my/ptres/res32536.pdf
SUSPink Spider
post Oct 13 2015, 02:51 PM

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QUOTE(gark @ Oct 13 2015, 02:47 PM)
Sudah... now 9-14% over 3 years..

Compare to MV 8%-11% in 1 year..  icon_idea.gif
*
U...showed hand on IGBREIT?
user posted image
SUSPink Spider
post Oct 13 2015, 03:00 PM

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QUOTE(gark @ Oct 13 2015, 02:56 PM)
No lar.. just doing comparison..  whistling.gif
*
I wonder...how will a REIT holding spas, pubs, and KTVs do? brows.gif
SUSPink Spider
post Oct 13 2015, 04:52 PM

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QUOTE(TC-Titan @ Oct 13 2015, 04:48 PM)
Chotto matte kudasai~~~

Suria KLCC, Mandarin Oriental and Marinis at 57 takde bar or restaurants selling liquor meh  hmm.gif  hmm.gif  hmm.gif
*
When its Shariah-compliant...still can sell non-halal stuff...but cannot exceed certain %
SUSPink Spider
post Oct 13 2015, 05:52 PM

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QUOTE(felixmask @ Oct 13 2015, 03:48 PM)
that why Pavreits is working fine becoz KLCC cannot sell alcohol.

all the Orang Putih Kaki botol hang there...location there is good for Pubs.
*
I thought they're at Jln Sultan Ismail/Jln P Ramlee area? ph34r.gif

This post has been edited by Pink Spider: Oct 13 2015, 05:54 PM
SUSPink Spider
post Oct 13 2015, 06:55 PM

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QUOTE(Starbucki @ Oct 13 2015, 06:11 PM)
How come KLCC div yield (5%) not up to the level of other reits (above 6%)?
*
can't u read the discussion I just had with unker gark??? shakehead.gif
SUSPink Spider
post Oct 13 2015, 08:35 PM

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Oi! Shhhhh ph34r.gif
SUSPink Spider
post Oct 14 2015, 10:07 PM

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but when u invest in a REIT, u are basically investing in its cash-generation. U are not investing in a REIT expecting the REIT manager to flip properties for capital gains.
SUSPink Spider
post Oct 15 2015, 09:50 AM

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QUOTE(felixmask @ Oct 15 2015, 09:37 AM)
Didn't have 10% Tax deductible.
*
sudah tolak la...cos I know IGBREIT gross yield is >6%

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