This is a very good question. I have done some further studies on this.

https://www.axis-reit.com.my/reits-faq.php

Kindly refer to item 5 and 6.



From item 6, you can clearly see that, with the assumption of 10k units, total gross distribution is RM 926 of which RM 306 is non-taxable. The taxable portion is thus RM 620.

With a WHT of 10%, the net distribution paid out (the cash one would receive) is 306 + 620*0.9 = 864, which agrees with the number quoted in the page.

So, coming back to your question, I think I got my numbers right. The declared taxable distribution of RM 0.0083 per unit has to multiply by 90% (since WHT is 10%), times 503 units which you hold, and you get the taxed distribution of RM 3.75741.

And no, "taxable" here means distributions that can be taxed because they are not derived from utilisation of capital allowances, industrial building allowances and tax exempt profit income, so by law they are liable to tax. From this "taxable" distribution, Axis REIT will deduct 10% and pay that to the Inland Revenue Board of Malaysia (IRB, better known as LHDN). "Taxable" does not mean you won't get the money stated. You misunderstood something there.

And thus you should take into account the taxable portion in your cash dividend calculation. It's real cash that you will get, just that you minus 10% WHT off the stated figure.

*I don't invest in M-REITs, I only invest in S-REITs, but you inadvertently taught me something today. Thanks.

This post has been edited by TOS: Jan 22 2021, 02:16 PM

Thank you for spending some time to explain to me. Now I am able to understand it.

The new share is 5, I have done some mistake in previous calculation, which is not 2.

After taking into account the 90% of the taxable portion, this should be the final one.


By the way, I also learnt new things from you.

Singapore reit is also better in Reit due to less capital, I started off to invest in Malaysia Reit then I venture into other Malaysian stock. Last year, I invest into Reit ETF launched by Affin Hwang. Most of the counters are in Singpore Reit. You may study it and include into your portfolio if it is suitable to you but holding individual Reit counter will have full control in buying/selling and return.

Errr. No, only the non-taxable income is entitled for reinvestment, see below (only RM 0.0110 per unit, not the full distribution).



So, your earlier post #5238

is already correct, you just need to add the taxable portion at the end of the calculation. You are only eligible for 2 shares, not 5.

This is already correct:



Add this number below:

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

into the last row (label it as "taxable dividend" or equivalent), so you get the overall total amount. 3.75 + 3.38 = 7.13 which is the correct amount of cash received.

This post has been edited by TOS: Jan 22 2021, 03:08 PM

KLCCP Q4 20 results out today:

https://www.klcc.com.my/investor-relations/...esentation.html

Surprisingly the gearing only inched up 0.2% to 18%.

Pavillion REIT results out too: https://disclosure.bursamalaysia.com/FileAc..._GA_ATTACHMENTS

This post has been edited by TOS: Jan 27 2021, 09:26 PM

no Atrium holders here eh?

My IGB Reit, Pav REit, Sunway Reit are now around -10% each.

With vaccine coming to our shore, shoppers will be going back to malls, maybe end 2021 or 2022. Should I still keep or take a loss then put the money into tech like globetronics/ unisem?

well, consumer might have switched to online shopping too, this new normal phenomenon will spill over to post covid reality, you never know

just wait for tourists to come back ....

if you need the money, then have to sell and realise a loss. That's why ppl said only invest money you don't need in the next 5 to 10 years.

For MReits, I only have KLCCS. Average price 7.05.

While waiting for tourists, still enjoy some dividends.

Ex-date will be 11 Feb for 5.7 sen dividends (gross) . Payment date 26 Feb.

Have small position on it after it acquired Pg property.

Online shopping won't entire replace brick and mortar shopping.

Both will co-exist,

Malls needs to restructure to something online won't able to give, typically dining experience, cinemas, leisure activities, certain clothing buying experience.

But for secondary malls, it is going to be tough, so need to be selective, preferably on top premium malls that hard to be replaced and always consumers prefer destination.

Even precovid, online shopping was on the rise. Many of the younger generation like me used malls as a place to hangout or dine, to get services that cannot be replaced online, and to hands on inspect a product before buying it cheaper online.

so quiet

agreed, been collecting IGB for months now haha.

for secondary malls it would be a few tough years ahead of them, i think most either go to well known malls, or those have their financial capability affected will shop at more affordable market . so they're left in the middle.

Anyone still putting money into Malaysia Reits?

Went to Midvalley KL last 2 weekend, on my !! its pack, there's a q at most restaurants. and same with Pavilion, my friend who went told me.

I am looking into Axis and Sentral reit.

Mid valley is IGB reit; Pavillion is Pavreit. How come you buy other reits instead?

Last Sunday afternoon, Pavilion car park was full.


New research approach... Study one stock buy another 🤣

I already holding IGB reit and Pav Reit for many years. I dunno want to top up or diversify to others, like Axis or SEntral

Axis is industrial and Sentral is mostly office. Different than Mall reit like IGB and Pavreit.

The crowds u are seeing are at malls...so maybe top up is better?

Are all the Atrium reit holders just smiling quietly?


Attached thumbnail(s)

WASEONG (5142) WAH SEONG CORP BHD

IGBREIT (5227) IGB REAL ESTATE INVESTMENT TRUST

IGBB (5606) IGB BHD

THESE 3 companies related????