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 M Reits Version 7, Malaysia Real Estate Investment

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Cubalagi
post Jul 26 2020, 06:04 PM

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QUOTE(KahiSun @ Jul 26 2020, 04:16 PM)
Hi sifus,

Im interested to invest in Reits to build some lower risk dividen stock. But have few newbie question -
1. How do we receive the dividen?
2. Is the dividen given in shares or cash?
3. How often we receive annually?
4. Does the holding period affect the eligibility to receive dividen? Let say they will pay the dividen at 31st of december, so what happen if i buy the stock 1 week before that.

Tq
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1. If u open a direct CDS account, it will be paid to your designated bank account. If nominee, it will go to your brokerrage account.

2. Cash

3. Depend on the reit, commonly 2x or 4x a year

4. No, doesnt work like a FD. Holding period doesn't matter. If u buy 1 day before ex date you get full dividends. If you sell 1 day before ex date, you get 0.
Cubalagi
post Dec 21 2020, 04:22 PM

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QUOTE(AthrunIJ @ Dec 15 2020, 10:45 AM)
Klcc reit seems like a bargain 👀👀👀.

Anyone interested?
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Finally bought KLCC today @7.15.

Cubalagi
post Dec 24 2020, 01:00 PM

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QUOTE(knight @ Dec 23 2020, 10:31 PM)
Why KLCC where later people will put their attention to TRX?
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Dont think that will happen.

It's called KL City Centre (KLCC) not for nothing.

Klccs owns 100 acres of the most prime property in the country. For me if want to buy property, that will be the place.

The problem is always the price. Historically, it's always been trading at 1.1-1.2 PB. Now it's below one. Good time to get some.



Cubalagi
post Dec 24 2020, 09:40 PM

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QUOTE(jutamind @ Dec 24 2020, 08:34 PM)
KLCC vs MQREIT, which one better as both are office centric REIT?
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It's a different risk return profile. Klcc being a safer lower risk option, which also means lower potential upside. I'm buying it as a bond alternative.

Cubalagi
post Dec 26 2020, 09:07 AM

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QUOTE(donhay @ Dec 25 2020, 02:01 PM)
Bought KLCC at 7.15, hopefully this will be good in 2021.
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IF the pendemic is over, the economy rebounds strongly and BNM keeps interest low.. then I believe KLCC will do really well.


Cubalagi
post Dec 29 2020, 10:21 PM

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QUOTE(knight @ Dec 29 2020, 12:45 AM)
With oversupplies of office in KL + post pandemic, I think most office operator might lost alot of customer.
With the increase of empty offices, price will drop. Company will hunt for the best price in KL area. So basically this will affect the earnings for offices.
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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.


QUOTE(Hansel @ Dec 29 2020, 05:19 PM)
If prices of office assets drop,... this will cause the leverage ratio of REITs to increase,.. causing them to 'move nearer' to the 45% leverage limit for a REIT. It becomes dangerous to invest into Office REITs then.

Has there been any Msian REIT which has experienced this before ? What did the regulators do when a REIT approaches the 45% gearing limit ?

I have seen what MAS does, but how abt in Msia ?
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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.

This post has been edited by Cubalagi: Dec 29 2020, 10:32 PM
Cubalagi
post Dec 31 2020, 02:22 AM

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QUOTE(TOS @ Dec 30 2020, 09:39 PM)
From the annual report, Petronas rents the whole of both towers, no? The tenant is solely Petrolium Nasional. Mind sharing where you get the info about 75% from?

As for the "transfer to ASB" thing, in the end, they are using our money to finance themselves... then money flows back to us. Sounds like some sort of circular economy. laugh.gif
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There is also Tower 3 and Exxon Mobil building. Could be that?

Cubalagi
post Feb 5 2021, 11:08 AM

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QUOTE(moosset @ Feb 5 2021, 10:38 AM)
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.
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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.
Cubalagi
post Mar 30 2021, 12:26 AM

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QUOTE(frostfrench @ Mar 29 2021, 02:55 PM)
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.
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Last Sunday afternoon, Pavilion car park was full.


QUOTE(moosset @ Mar 29 2021, 10:56 PM)
Mid valley is IGB reit; Pavillion is Pavreit. How come you buy other reits instead?  laugh.gif
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New research approach... Study one stock buy another 🤣

Cubalagi
post Mar 30 2021, 12:51 PM

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QUOTE(frostfrench @ Mar 30 2021, 12:30 PM)
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
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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?
Cubalagi
post Apr 6 2021, 09:12 AM

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QUOTE(plouffle0789 @ Apr 5 2021, 10:17 PM)
WASEONG (5142)      WAH SEONG CORP BHD

IGBREIT (5227)  IGB REAL ESTATE INVESTMENT TRUST

IGBB (5606)      IGB BHD

THESE 3 companies related????
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Yes..

Robert Tan control IGB and Wah Seong. IGB is a big shareholder of IGB reits.
Cubalagi
post Jun 15 2021, 07:21 PM

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Mall n office reits r going to face a very tough time with this recovery plan..
Cubalagi
post Jul 19 2021, 10:23 AM

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QUOTE(cklimm @ Jul 19 2021, 10:09 AM)
Very informative piece from SM Thanneermalai:
How are individual REIT holders taxed?

You guys are taxed at least 10% no matter how.

https://www.thesundaily.my/business/how-are...taxed-DL8085410
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Nothing new.. That's 10% wothilding tax has been around ages..
Cubalagi
post Jul 19 2021, 11:10 AM

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QUOTE(RigerZ @ Jul 19 2021, 10:58 AM)
Now that  you've brought up REIT dividend taxes again,

Has any of you experienced a REIT that distributed less than 90% of its income and subsequently you had to declare it in your income tax?

I hold 3 REITS and their annual reports state that it is their policy to always distribute at least 90%
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Never..

That's the purpose of reits.. Declare >90%, so as to avoid paying the 24% corporate tax.

Cubalagi
post Jan 19 2023, 03:18 PM

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BNM didnt hike..good for mreits.

Cubalagi
post Feb 5 2023, 05:52 PM

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Mreits doing very well this year but thread so quiet.

I guess wait till price start to go to second leg up for investor interest to restart. Like in 2019.




Cubalagi
post May 3 2023, 03:56 PM

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QUOTE(buka tingkap @ May 3 2023, 03:45 PM)
Yup.

Hopefully the only one for the year.

Cubalagi
post Nov 29 2023, 09:49 AM

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QUOTE(frankzane @ Nov 26 2023, 04:36 PM)
Hi,

May I know how we can sell fractional shares in REITS? Got the reinvestment offer from AXIS but not sure if it is worth considering.

Any advice is appreciated.
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Malaysia doesnt have fractional shares yet..so what you got is likely odd lots. A lot is 100 shares.

You sell odd lot shares at the odd lot market..usually at huge discounts. Check your broker.






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