We will only see big move in reit when there is a property boom, just like reit in US 2 years back when real estate is sky-rocketing/bubbling.

can anyone provide me the link of hektar dividend announcement?

For your information, http://www.bursamalaysia.com/website/bm/li.../historical.jsp

EDIT:
The latest distribution has not been announced yet, so the link I gave you was the previous distribution.

This post has been edited by Jordy: May 11 2009, 09:49 AM

thank you

This post has been edited by espree: May 11 2009, 09:57 AM

Can anyone confirm that Stareit does not pay divs on 3rd quarters? Don't know why my OSK showing no divs for 3rd quarter last year. Since REITs pays at least 90% of their distributable income and seem to pay quarterly, kind of weird to miss one quarter right? Hope someone can clarify.

This post has been edited by skiddtrader: May 11 2009, 12:23 PM

Stareit only pay semi-annually, not quarterly.

Hmm, it wasnt announced that they changed distribution to half yearly. But seems like they're heading that direction.

For 2008, they paid in 2nd and 4th Quarter. For 2009, they've alrdy distributed in Jan (Q2). So, Im expecting them to pay final div around July (Q4) again.

Ok thanks a lot.

I ask about reits and from what I gather the divident is very low now at the range of 4 - 5% PA, is this true? Any reits owner can verify...thank you

which reits counter you refering at when div 4-5%
this blog hv info on reits http://mreit.blogspot.com/

I duno which one, I was just asking about if its good to go into reits and this is what I was told, so how much was this 2 years dividend if you know?

For the last 2 years, most reit DPU (or dividend yield) was around 7-8%.

Now mostly are at around 8-10% (price goes down so yield become higher) as market discounted for softer property prospect.

hehe, you probably heard from an owner of AHP2. It's div is crappy + its now suspended awaiting liquidation.

This post has been edited by ks3114: May 12 2009, 03:46 PM

thanks for confirming

could be hor he seem to be aginst me going into reits.

cherroy, UOAREIT Q1 report is out.

are they giving 2.9 sens?

moorish, almost all the reits counter can gv at least 8% div .. you can see from the link i gv u just now
as you can see some even can gv more than 10% based on current price
if you can get it cheaper or when it dips, than higher div yield you can get e.g. when axreit below 1.00, you can act get around 15% div WOW alot right BUT boat gone liao

Hardly REITs will be giving out 4% - 5% dividend because they are leasing out prime properties. Even layman like us can gain higher income if we were to just buy an apartment to rent it out. Furthermore these REITs will have to distribute at least 90% of their income in order for them to escape from being taxed. Therefore, if they were to distribute 5%, their income would only be 5.6% PA. Perhaps your friend bought it when the counter peaked. Even so, he would be receiving at least 6% net dividend. Better find out from him which counter he bought to make a better judgment.

From my experience, a person would never discourage someone from buying REITs, unless:
- he is an agent for unit trust/insurance/MLM/investment scams
- he is an aggressive person who only believes in getting quick profits

Sorry if my assumption is wrong. I never meant to degrade your friend, just voicing out my view

Pana,

Yes, it seems that they are paying higher this year at 2.9sen. But it's weird that there's no transaction today

No income distribution was declared for the quarter under review but provision was made to distribute
95% of the income before tax (unaudited) for the quarter ended 31 March 2009 to be distributed by end
of August 2009 as described under Section B12, Income Distribution.

+

A provision was made to distribute RM7,126,543 as income distribution for 1st Quarter ended 31 March
2009. This translates into approximately 2.90 sen per unit for the quarter under review and includes a
non-taxable portion of approximately 0.49 sen per unit (representing 16.90% of the gross distribution)
deriving mainly from utilisation of capital allowances. Provision for income distribution for the quarter
under review is 35.51% higher than corresponding period last year (2.14 sen per unit).


So, yea no dividend this quarter. They're only paying the dividend in August which is 2.9sen + income from Q2 ended June. Probably this explains why there wasn't any transaction today. But definately huge improvement in performance.


Btw Cherroy, if you look at UOA's Q1 report, their Borrowings increased by RM8mil. Why is that? They didnt mention anything about using RM8mil.

Nope, they are semi-annual one as usual.

This counter very hard to trade one, liquidity is severe low, less than 1000 shareholders (including major shareholders), just a reminder, just in case you are interested.

The increase of receivable is the reason company using more borrowing.
You can see from the cashflow, the borrowing is used to pay the distribution as increase in receivable means somebody didn't pay the company yet, so company needed to use borrowing to pay the DPU as distribution as it can't be delayed.

oh.. icic. I thought theyre paying dividends using borrowings (something like ponzi). thx for the info