neo .. so tax 10% only?

What is your average buying price?

Looks like the revamp of Axis REIT 'icon' news is bringing the price down to below 1.4. Or maybe it's the PKNS effect... anyhow, anyone getting more? My hands feeling itchy now

would it affect its dividend for the coming Q3 & Q4 '09, since nestle house is no longer renting the place. 

nestle house & nestle warehouse, same same?

Done a thorough analysis on some of its properties today (couldn't do more because the management did not disclose the income on other 5 properties). Here are the results:
By looking at the results, we can see 4 properties out of 5 analyzed were receiving low yields. These 5 properties have an average yield of only 7.46% (below average yield for REITs).

Let us take a look at the average yield of the other 5 properties:

Net total annual income (a): RM 12,706,037
Total purchase price (b): RM 319,000,000
Average yield (a / b * 100%): 3.98%

Well, this simply means that the average yield on all 10 properties is (7.46% + 3.98% / 2) = 5.72% (still well below average for REITs).

Anyhow, this yield is just an estimate by using some calculated assumptions based on FY2008's figures. The yield should not increase unless there are positive reversions done this year. Otherwise, we will be seeing another year of low yield.

I am only wondering how did they manage to pay its investors a gross yield of 8.16% (net yield 7.35%) for FY2008 while it is earning a net yield of only 5.72%. Still, if they were able to maintain 7.51 cents distribution for FY2009, those who bought at 0.84 would only be yielding a net of 8.05%.

If any of you who have also conducted a study on QCAPITA and found a mistake in my analysis, please do correct me. I am just hoping everybody would be informed of the actual situation before someone really gets stuck with QCAPITA.

P.S. Just to add onto my comments, another reason I do not have faith in its management is due to the fact that they are not being fully transparent in their report. A good management team would disclose the full breakdown of their income in its annual report. This must be taken into consideration before choosing the stocks to buy.

Market fear they are not able to secure new tenant once current lease expired. So reit price is discounting those potential risk ahead.

Also there are some new supply of office space on newly built building so it might depressed the rental market.

The issue is about rental and tenant, not the NAV itself.

Although with softer properties market, it is norm for market discount the NAV.

I wanna follow also   I think better take out money from sukuk, mine telling me whats your buy TP ?

Neo, sorry again noob question, say today I buy 10 LOTs, RM6450 atrium, reits site says yield is 10%, does it mean I get RM645 total by next year assuming the market remains like this?

eh like this much better than sukuk, name also teruk...ok thanks neo, I'll que 20LOTs later or shall I que 10 LOTS and wait if drop then take another 10?

NEO queuing AXREIT at 1.48? saw big lots of Q

Net yield girl, not gross yield

Congrats Neo, you don't have to work for 2 months now

Mind letting us know what percentage of your net worth that constitutes? I could match that if I wanted to, but it would be like 95% of my net worth and the risk would scare me so much I wouldn't be able to sleep at night.

Also, with your huge stake in the REITs, I'm sure everyone here would appreciate it if you gave a warning if you ever decide to unload it.

Another hard lesson for me again selling my atrium too early .....last time is i sold off my axreit too early 

OT abit

congratz on the Elite tag, Jordy

Got something to ask:

AXREIT

Example:
Bought 10,000 shares at RM1 = RM10, 000
Third Interim Distribution Dividend = 2.82 sen per unit, means 10, 000 X RM0.02.82 = RM282

Am I getting it correctly?