Yup, the more diversifed, the less it relied on a few tenants.

Whether which is worth, depends on individual risk appetide then. It is difficult to make a prediction on getting tenants at current situation which largely depends on how macro-economy situation.

Hi, I'm new in REIT. May I know where can I get more information on the tenant for the REITS and their contracts details like expiration etc?? Thanks

aiks, i have not received my dividend yet

i'm using PB sharelink

Their annual report, got stated whom and when of their tenants details (not necessary all if too many, they listed out the major one).

Here's another useful link forcus on REIT; with a collection of related info. http://mreit.blogspot.com/

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Added on March 4, 2009, 11:31 amCherroy,
I can't find the news on Atrium web site [http://www.atriumreit.com.my/news.htm]. Google search also no relevant news avail.

May I know your source of info?
Kindly forward the link or news if possible. Thanks.



This post has been edited by ooyah98: Mar 4 2009, 11:31 AM

Also received my axreit check a few days ago, read the report .. seems like nestle house wont be renewed. if not mistaken may lost up to 3mill in rental per annum if no new tenants coming in. They got planned renovations so i'm guessing at least 3 months no new tenents.

You can download the report from KLSE under company announcement.

Edited, here is the file.

This post has been edited by cherroy: Mar 4 2009, 01:24 PM


Attached File(s)
 ATRIUM_AnnualReport2008__361KB_.pdf ( 360.9k ) Number of downloads: 16

I have a question about REITs. Why do they all manage office / retail / industrial space only? Why not manage residences that are rented out, i.e. condos and apartments?

You must understand that residential properties have higher risk of defaulters. When a tenant defaults, then you lose your income. This is happening very commonly. Also, residential properties have lower yields than commercial properties, not to mention that office buildings appreciate very fast if you are in the right area.

received my AXREIT dividend of nett RM12200!!!

dat's hell lot of $$$
yea, as mentioned by Jordy..... Residential properties r hard to manage & most of the time, ppl are able to buy their own houses...

Imagine a reit management own a block of apartment with 500 tenants, it is so hassle to go one by one to their house to collect the rental

Commercial and industrial property yield better is the primary reason, not to mention the hassle part of residential tenants issue.

You can own a large warehouse/office then every month collect ten of thousand of hunder thousand of rental, which tenants automatically bank in or having auto stand-in instruction to bank in the money in your account.
On residential, you have go to every unit to collect a few hundred or thousand while still need to fix some basic repairing to your tenants. Which one will you do then?

Somemore people like to buy house for staying in general or majority, not rent. It is very difficult to own the whole block of apartment which solely being rented out only. People won't be interested and difficult to find tenants on it.

wow 12200 really cool me just get a peanut haha

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Added on March 5, 2009, 5:48 pmsorry btw .. i heard from my sis they sent together a copy of report izit? got any others thing? any new news inside?

This post has been edited by mo_meng: Mar 5 2009, 05:48 PM

WTA... in order to get that amount of dividend how much u invested in it?

Anyone heard any news bout REIT in Malaysia issuing rights?....to reduce debts...?

nop any news on this?

Yay, Neo can treat us all for dinner now!

My simple calculation tells me that he has about 174,000 units or 174 lots of AXREIT. At current price of 1.28, the total value is RM222,720. Interested?

As far as I know, REITS do not issue rights, but they can increase their fund size by issuing new units to the public to pare down their gearing. Cherroy, please correct me if I am wrong

Reit is relative new in here. Until now, none of reit has issued right issue before. They mostly just issue new unit to the private investors under private placement or to the property sellers (whom they acquired property from as a form part of payment)

got 27 lots today @1.28

jordy, its 1740 lots.... not 174lots.

This post has been edited by ante5k: Mar 5 2009, 09:30 PM

next time if neo wanna sell pls tell us the small trader to offload first haha if not based on his high lots vol sure can press down price