Because the more he buys, the more he gain through the differentiate between BLR or his margin interest and the yield reit is paying (which is more than 10% in most reit right now), provided reit yield doesn't drop below the margin intereset.

It is actually similar you bought a house and rent it out, while the tenants are actually paying your housing loan while still getting extra positive cashflow out of rental collected.
So as long as yield is above the loan interest, then everything looks ok.

1.32 no more seller, next seller is 1.37. 

So 1.37, want or not? Haha.

Fair comment, Atrium is higher risk & less fund manager interest, should be the reason why the price haven't shot up like AXIS.
However, considering the followings
(i) Atrium (RM0.68) discount to NAV at 36% vs AXIS (RM1.40) at 20%!
(ii) Gearing (debt/equity) Atrium at 22% vs AXIS at 51%
(iii) Higher div of Atrium.

In the worst case, tenant run away & Atrium can't pay div. Gearing is low, so Atrium should be able to pay the interest of the borrowings to bank with BLR coming down.
I think they still have money in bank collected from IPO & also not used since recent acquisition plan doesn't go through.
Base on (i), good upside potential when economic become better.

I think I will start collecting some tomorrow market open .... 

yeah got it also yest

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Added on March 3, 2009, 9:06 pmneo should happier than we do

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

Lol, I mis-calculated by 11lots Did you reinvest your dividend?