Petronas rents nearly 75% of klcc office space. Last month, Petronas renewed the lease to 2041/42. Thereafter, earlier this month, Petronas sold a big block of their Klccs shares (reportedly to pay government dividends) to ASB. I dont think the timing of lease renewal was a coincidence. Likely something insisted upon by ASB.
Not that I'm aware of. Maybe because we have fewer Reits n Mreits tend to have low leverage but now with the pendemic maybe this will change.

KLCCS, being the strongest, still has less than 20% gearing.

Managed to grab some igbreit at 1.62 although should have been able to grab at 1.6 easily today.

While sunreit has been quite depressed.

Still hopeful on general retail as vaccine to arrive 2021.

I am holding IGB reit but not Sunreit.

Sunreit has been mostly in downtrend in few weeks.

Have you consider YTL reit?

is there a risk petronas stop renting from klccp? petronas is the largest shareholder of klccp. isnt it like it is renting the building to itself?

Hey guys, currently im holding klccp. Im interesred to add another reit. It is either IGb or axis. Sunreit is not considered bcuz it is hotel and retail wise (i prefer igb). Axis cuz industry reit seems resilient in this pandemic but there is chance that reit investor may flow out of this reit and flow into retail reit when this pandemic is over. IGB is so famous, but so is sg wang in the past, the risk is there thiugh minimal, hav to check from time to time.

So the ultimate question is igb or axis?

Didn't know MRCB Quill has changed its name to Sentral REIT.

Here's the Q4 earnings result.

Financial Report: http://mqreit.irplc.com/new-announcement.h...001&Symbol=5123

Press Release: http://mqreit.irplc.com/medianews.htm?file...204Q%202020.pdf

Presentation Slides: https://www.insage.com.my/Upload/Docs/MQREI...204Q%202020.pdf

Hi

How does the dividend come about yeah?

EG sunway previous div is 0.90 per unit right? so assuming i have myr 10k in sunway reit @ 1.40.. How much div am i entitle?

and one year 4 times right??

Considering to consolidate one of my prop and transfer to reit..

The Manager intends to distribute at least 90% of the distributable income to the unitholders of Sunway REIT in each financial year on a semi-annual basis, for each six-month period ending 30 June and 31 December, unless varied by the Manager.

Axreit's earnings seem resilient but the price reflects that, still valued pretty similarly compared to pre-covid. If I were to bet on a recovery play, I'd go with IGB. Price has been heavily discounted past few weeks, and with vaccine rolling out, their earnings would probably be affected only for the next 2 to 4 quarters. I think the moat for IGB is still there for the foreseeable future. Anyone that lives around Bangsar, MV and Gardens is the go to mall to buy stuff. Only competitors I can think of is Bangsar Village area but their offerings there are different compared to MV

I want to confirm with you guys for the recent announcement for Axis reit.

This is about the DRIP.


Is it if take all in cash dividend form, the dividend rate is RM0.0142 (non-taxable).


If opt to DRIP, the dividend rate is RM0.0110 (non-taxable) to calculate the dividend amount then this will divide with the new share price at RM1.8800?

This is my example to illustrate my understanding.

Does my understanding correct? The DRIP does not reduce my average price. I hope to buy more to achieve this but the market price does not reach below my holding price. Anyone can advise me?

I think your calculations are correct. Just make sure to add up the other 0.0032 cents per unit non-taxable portion and the 0.0083 cents per unit * 90% taxable portion (10% WHT) in your cash dividend part.

As for the failure to go below your holding price, it might be because your holding price is lower than 1.88. You may have bought earlier at a low price, so even after the discount of 10% VWAP, you still end up increasing your holding price.

Buying more may not necessarily reduce your holding price, especially if the REIT is doing well in share price performance, buying more will end up increasing your holding price instead.



Looking at this graph, if you buy more after early March 2018, it is very likely that your holding price is on an upward trend.

Thank you for your reply firstly.

Sorry I forgot to attach another picture in the "If opt to DRIP, the dividend ....."
This is the picture for opt to DRIP


Just to check whether I am correct:
1. Does the taxable and non-taxable of RM0.0142 and RM0.083, respectively only applicable to those want cash dividend.
2. If want to opt for DRIP, then only RM0.0110 and RM1.8800 is applicable for the calculation of number of new share. Does the RM0.0110 is also need to consider for taxable and non-taxable in the calculation?

Ya, I saw the picture, it's attached in your last post.

Basically the same distribution is made for both investor who opt for reinvestment and do not opt for investment, the amount is the same:

Non-taxable: 0.0142 cents per unit
taxable: 0.0083 cents per unit

The only catch is that for those who choose to reinvest, out of the 0.0142 cents per unit non-taxable portion, Axis REIT "extracted" 0.0110 cents per unit for reinvestment, so you have 2 components for non-taxable dividend in the reinvestment case, but they are the same as before because the leftover 0.0032 cents per unit is distributed too.

To answer your 2 questions:

1. Yes but you stated the amounts in the opposite, non-taxable is 0.0142 cents per unit, taxable is 0.083 cents per unit; this is the quoted rate for those who do not wish to reinvest their dividends. For case 1, you receive the distributions,

a. 0.0142 center per unit non-taxable
b. 0.00083 cents per unit taxable portion,

Both a and b in cash.

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2. As stated before, 3 components now, 2 non-taxable, 1 taxable, for those who wish to reinvest.

The 2 non-taxable ones are:

a. 0.0110 cents per unit for reinvestment at 1.88 MYR per unit
b. 0.0032 cents per unit for distribution

a+b = 0.0142 cents per unit, exactly the same as the case when you choose not to reinvest dividends.

The taxable one is:

a. 0.0083 cents per unit, no change from the first case (1) above.

The 0.0110 cents per unit is now used to buy the 2 new shares (for your case, assuming originally 503 units) with the leftover distributed as cash similar to case 2a above. And they are all non-taxable.

So, for case 2, you receive:

a. 2 new shares (priced at 1.88 MYR each),
b. 0.0032 cents per unit non-taxable distributions
c. Leftover non-taxable distributions from the truncated shares (2.94-2) shares
d. 0.0083 cents per units taxable distributions.

a are shares, b,c and d are all in cash

Just realized that I made a mistake in my earlier post, it should be in units of RM rather than cents, I have changed that.

Yes, your calculation is correct overall, considering the non-taxable part. You forgot the taxable part though, I think. 

Non-taxable: 0.0032 * 503 (= 1.6096) + (503*0.011 - 2*1.88 = 1.773) = RM 3.3826 (which is the "Allow to get cash dividend" column you found in the last row of the spreadsheet)

Taxable: 0.0083 * 503 * 0.9 = RM 3.75741 (times 90% because of 10% WHT)

Total cash from both parts would be RM 7.14.