yalo, i drool kaw kaw when i read this from their report.

yup the distribution is a bit high

This post has been edited by mo_meng: Apr 21 2009, 05:21 PM

I think ATRIUM report is due very soon too. Mostly, it will be hit by this issue.

Well, looking forward I hope that the 19% lease expiry will not give us more negative news though. There's a lot there as this 19% represents 17.6% of the total rental income. After the ex-date, I am looking for another opportunity to grab more units.

AXREIT now 1.53!!!

This post has been edited by Neo18: Apr 22 2009, 10:03 AM

so i see,... after ex date plan to pickup anther 40 lots. then end of story d

Anybody done any research on BSDREIT? or any comments? My preliminary research tell me they have sustainable DPUs.

beside AXREIT, which 1 good to grab?

STAREIT and QCAPITA?

I believe QCapita has more potential as their counterpart in Singapore is a huge developer. They have the experience and money, so I suppose they could have more diversified properties. The case involving ATRIUM has taught us all to buy REITs with more diversified properties.

Yup for reits i am eyeing at axreit and qcapita... qcapita is second choice as lower yield compare with axreit ... besides their properties 90% are office building ....only 1 or 2 are carpark...but the good thing about office building is you can expect your tenants to be continued most of the time as ppl will not simply relocate their office compare to supermarket as when there are new supermarket ppl tends to go to the new one... which makes me thinks qcapita actually has it strong point also (specialize in office building)

most of the reits also in office assets, how about getting some other type e.g. shopping malls like hektar? can be consider also

Depends on situation though. In good economic situation, focusing on specific industry can often gives higher returns.
I wonder when ATRIUM is releasing their report ?

Am also eyeing QCAPITA @ 0.82. Qtrly Report suppose to be out today.

QCAPITA result out today right?

Where you get this information?

there you go.


Attached File(s)
 Axis_REIT___Q12009_1__FP.pdf ( 978.32k ) Number of downloads: 21

For AXREIT,

Proposed placement of up to 120,000,000 new Units
(“Proposed Placement”) representing approximately
46.9% of the existing Units in Axis-REIT in circulation at
a price to be determined later;

After this placement, DPU will be reduced to somewhere around 10sens? Correct me if I'm wrong.

Should be somewhere there .. but the cash can be used for invest in new properties

When the proposed placement happens, does it mean that existing unit holders share value will drop? How does it affect existing holders?

For example (simple calculation), today's price is RM1.00 and the new placement will also be at RM1.00. If I own 1000 units prior to the placement, does it mean that after the placement I'll have additional 47% units (1470 units)? Or will my 1000 units be priced at a 47% discount (RM0.54?)

Thanks,

It doesn't affect your existing holding unit. If you have 1000 shares, you will remain as 1000 shares.
(Those new shares are issued to third party aka private placement)

Just there are more shares overall, aka previous 1000 shares mean 0.1%, now it will be diluted become like 0.07%.

So it might affect/dilute the DPU, but generally private placement money is used to acquire newer property to generate more income to offset the dilution effect, which previously 50 million private placement didn't diute the DPU instead it increase the DPU due to more newer income generated from newer properties acquired.

Thanks Cherroy...

So that means existing units will remain at market price. Just that we "might" get lesser dividends since the 1000 units is diluted and sharing the profits with more unit holders. Now I understand...