Ya, sold. 

Cannot comprehend recent reit movement, even for Axreit.

Yield below FD rate on IGBreit and Axreit.

I can understand Klibor is heading lower than make Mreit become more attractive.
But at the same time, US interest rate hike is looming as well.

Mana unker gark??? IGBREIT 1.60...sell sell sell

their asset focus on oversea hospitality aka hotel.

in mine record; YTL has few time delay/late announcing their dividend.
private placement by YTL family -increase number of share into YTL pocket...less dividend to other.

their earning has Forex risk up and down.

I also trimmed down YTLreit due to

1. EPS is pretty weak despite steady DPU.
I am more concern on EPS (realised income) instead DPU.

2. Borrowing is high, and the manager has proposed private placement to pare down, but this proposal has been dragging for year already and the proposal being extended many times.
While private placement could dilute the EPS and DPU.

At what price will u stop adding MQREIT?

Below 6% probably won't interested me anymore at current situation.
Consider that SGreit got 5.x~6.x% mostly.

MQreit potential got some dilution on EPS/DPU (reported by some investment bank) due to private placement that needed for financing the acquisition of Menara Shell.
EPF was reported interested in the private placement.

IGBREIT results out, not as pretty as hoped, flat:
http://www.bursamalaysia.com/market/listed...cements/5157561

Looking at IGBREIT's results, a bit regret dump UOAREIT

Now a bit worried for MQREIT

IGB actually reported improvement in topline, but it's expenses dragging down earnings
Human traffic at MidValley is still very healthy, even on weekdays.

Well, to be optimistic, at 4.4 sen gross divvy, and annualise it...at current cum price of RM1.65, net yield is about 4.9%

So, u guys holding, selling or buying more at current price?

MQREIT net yield dropped to 5.9% at 1.28! Sell?

What I was referring to was "turnover rent". Declining consumer spending is one of the factor making IGBREIT latest results flattish.

Furthermore IGBREIT has been paying >100% payout. Should they reduce to <100%, divvy growth will be flattish too. This is reason why I sold 1/3 of my IGBREIT holdings yesterday.

Regret dumping UOAREIT

Since market is having a fever, I greedy a bit, sell when 1.50. 

5% net yield for an office REIT? Ain't that greedy

Xinquan good. Price 0.11, NTA 2.32. Cash on hand RM900m.

Msports also good. Price <0.05, NTA 0.97. Cash on hand RM500m I think

What can go wrong with a cash rich company ?

Believe me. You go Sailang 

SUNREIT I dunno, didn't follow much.

If u do this with IGBREIT, u will regret and cry til tears also dry, cos it keeps going up and up and up since dunno when, those who sold early still regretting til now

Regarding MQReit's latest Circular...

Some points to note:
->Proforma earnings is based on FY15..
->FY15 full year net income was RM54M
->Menara Shell was only 75% leased out for 11 out of 12months in 2015 ; assumed net contribution is RM28m
->Assume enlarged number of units are : 1,071M
->That brings EPU to 7.6c after dilution... (54+28) / 1071 = 7.6c
->Assume FY16 full year eanings is RM60M
->Assume Menara Shell 99% lease full year contribution is 28*4/3 = RM37M
->That brings EPU to 9c after same dilution (60+37) / 1071 = 9.0c

90% payout of 9c is 8.1c
8.1c / 1.25 = ~6.48%DY

~just a rough calculation though... i'm happy as long as I can get >6%DY....
~hope i got the calculation right though, please lemme know if there's any mistakes...
I expect actual EPU to be slightly lower but should be able to get >6%... else i really   

Actually got one.. marginally 6% net yielder... Amanahraya REIT.. but the assets are .. 

Nestle is about 3.5% at current prices . Heineken/Carlsberg is about 5%. Both counters has fallen quite a bit from six months ago. There are lots of others solid stocks yielding in 4+% range.

If you compared to something like Al-Aqar reit which is yielding gross 4.12% or  3.7% net, which counter is better?

One got consistent growth the other almost no growth. 

Private placement actually a diluting factor, not relating to price appreciation

The reason may be more on :
1. It generated significantly income from its Australia hotels, and with AUD appreciated a lot lately, it just means potential higher contribution in term of RM.

2. There is some "bull run" across reit going on with almost all reit registered good share price appreciation for the last few months or so, even those reit registered poor or decrease in DPU also experienced some gain in price.

In term of income stability and improvement
My personal view is
IGB - Axis - MQ

But in term of current yield attraction.
MQ-Axis-IGB

3 of them are quite a stable reit.
But their properties portfolio are different.
So it depends on one preference.

So far only one Mreit is having exposure to overseas property, that is Ytlreit which benefit from AUD appreciation.

thinking, if 2 years later, MQ's yield dropped 10%, where Axis's yield surged 10%, their net yield would (according to IB's forecast FY17 by today) become MQ->5.31% and Axis->5.5%.
it's tricky to look in the future, and it's very hard to predict. 

as for industrial assets vs office assets, i'd think industrial assets stand on a better position looking forward 5 years in the future, when taking into account of booming online transactions. 
what do you think?

IGBreit reported quite a sterling Q result yesterday.

Don't think price will go below 1.62 with such a good result.
Annualised its latest Q DPU, current net yield is above 5.x%, pretty reasonable yield.

The manager fee is paid in unit, hence it can give higher than EPS.
The 3Q distributed income is around 2.6 cents if not mistaken.
Around 5% net yield currently seems fair enough.
Can't ask for more, as among all the Mreit, this one is 99% chance of stable DPU with potential increment, aka little risk with non-renewal lease and little risk of reduced DPU.

Top up MQreit as well at 1.19.
Seem like there is "fire sale" in the afternoon session.