Apart from a previous comment mentioning the oversupply of office outlets in Klang Valley, do you guys have any second opinion on MQREIT? DY is rather high and portfolio seems promising

I know that feeling all too well 😭😭😭

It's not that they can't do so, but its unconventional for them to do so since they have gearing limits which corporates are not bound by.

what price is a good buy for SUNREITS?

So, lower rents >> lower NPI >> lower dividend?

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Retailers seek rental rebates to ride out Covid-19 effects

https://www.theedgemarkets.com/article/reta...covid19-effects

KUALA LUMPUR: Retail associations locally are appealing for mall and shophouse landlords and owners to give rental rebates of between 30% and 50% for the next six months for retailers to ride out the Covid-19 outbreak's effects.

The call was jointly made by the Malaysia Retailers Association, Malaysia Retail Chain Association, Bumiputera Retailers Organisation, Asean Retail-Chains and Franchise Federation and Branding Association of Malaysia.

The associations said the rebates are similar to what malls and landlords have done for their tenants in Hong Kong and Singapore.

😅😅😅, if go through then less npi announce for the next quarter...

This post has been edited by AthrunIJ: Feb 18 2020, 01:02 PM

I think for Malaysia, its not going to work. Hong Kong I can understand because of all the riots and now Covid, so it does make sense.

On a side note, want to buy some reits such as SUNREIT but price is at the top now. Is it worth to buy now or wait for price to drop

With Aeon Big will move from 3 Damansara to Jaya One, i think CMMT really in some trouble to attract ppl visit there

Sorry as i do not explained myself properly. I'm not referring to fix / standard rental leasing option where fixed rental / increment ratio is agreed upfront. Do understand from friend that certain malls do practice leasing options like profit sharing / tier based on sales figures etc. [found some discussion here https://forum.lowyat.net/topic/3719467/all] Thus, it had potential short / mid terms impact. I'll glad if any leasing manager which had better insight can share some pointers on this.

As expected, retailer seek for rebate but being told it's still too early.
https://www.theedgemarkets.com/article/reta...covid19-effects
https://www.theedgemarkets.com/article/stil...-tell-retailers

If covid19 prolonged, the malls that had higher exposure on small retails for small retail space / stalls within the mall; or even niche player like KIPReit might had higher vulnerability.

From what I know, there is some profit sharing though it varies from tenant to tenant. There is likely to be some impact from lower shopping traffic, but it's hard to put a number on it at this point since we don't know the average percentage of sales.

And yes, investors need not panic that malls will lower their rent. Just because tenants ask for a discount, landlords are not obliged to give in. The situation here isn't anything like in HK where social unrest has resulted in malls being virtually shut down.

My view is that KIP REIT would be less affected by the covid virus fears than the bigger malls since their malls cater mostly to B40 and are located in smaller towns and are dealing in mostly consumer staples rather than being a social hangout place that the big KL malls are. People will still need to shop for necessities.

hear NSK replace Aeon Big

How come YTLREIT surge back up?

https://www.nst.com.my/property/2020/02/568...ent-asset-class

YTL Hospitality REIT, valued at RM4.62 billion and which is set to expand this year remains attractive to investors because it has master leases on properties in Malaysia and Japan that provide steady incomes.

Investors also like YTL REIT due to its exposure in the Australian market that continues to grow.

GuocoLand to sell Menara Guoco to Tower REIT for RM242m
https://www.theedgemarkets.com/article/guoc...wer-reit-rm242m

related party transaction
left hand to right hand LOL

Are we expecting BNM to cut OPR tomorrow?

thinking of selling MReit.

some says it's possible..

but me personally feels like too soon from the last cut by BNM..

let's see how

Property injected at yield around 4.6% only

Well u can shoot down the proposal during the meeting 😉
But doubt it's would happen unless significant minority shareholders vote against....

There is a possibility.
Most analysts expecting a cut, while some opined it is too soon after Jan cut.

We will know this afternoon.

Anyone holding Amfirst?Why it is keep dropping??any issue with this reit?