If nothing goes wrong for the near term for Axreit, and its DPU for 2-3 years to come. At 15 cents, and price 1.00, a net 13.5% yield.

No doubt property sector will enter some cold winter period ahead, so don't expect any appreciation in price or capital, just hope for the sustainability of DPU is already very good enough to own.

It should be sustainability of DPU ahead which is the most important factor whether it is worth to buy/hold.

If can sustain, for the years ahead, don't need to care about the stock/reit market price.

This post has been edited by cherroy: Dec 12 2008, 11:18 AM

Share would be my choice because it has greater upside potential, (or sky is the limit should say) but still will dip a bit in reit, no harm getting some as well as long as DPU is good and sustainable.

Reit has not much upside potential, the most they can go is up to their NAV or slight above only, more than that, it is considered over-valued already. As the properties price (or reit NAV) is worth let say 100 millions, then why or it is no logic to buy the reit price that beyond its worth.

Reit = buy a property then rent it out, rental income is known and won't have surprise increase in rental. So income is stagnant.

Share = participating in business and profit can grow with no limit. But business can result in losses, unlike reit, as long as having tenants and rental which offset the management fee then it will make some profit already.

It depends what sector, for comercial, there are a lot of office building and spaces will be ready in near term or in this 1-2 years time. Some some over-supply can be expected and put pressure on office space rental, as well as economy slowdown which reduce the demand for it.

But property sector for residential still ok except for those high-end like a million and above one, will see some over-supply probably.
Residential sector particular on middle to low end one, won't be suffer too badly. Demand is always there, just may be having some minor hiccup here and there. In fact, for those strategic location, not much impact at all.

Just my opinion and in my area around.

For those low volume stock, there is no such thing of support level. Support level is drawn from chart through technical analysis whereby you can spot the price level that lot of people willing to buy.

But this kind of stock is not popular and seldom being traded, so don't bother to look for those kind of analytical issue.

Now 1.00, so revised buying to 0.90 again? Haha, joking only.

Q'ing and wait for being thrown at.

I had a lower wish that it will able to pay 15 cents annually is enough already.

Wait till afternoon session, probaly you will get it.

It always tumble in the afternoon session, as sellers want to 'clear stock'.

Today, most probably can get Axreit at 1.00.

No, stock has more room for capital appreciation. Reit is more about getting the distribution only.

For normal stock, business needs to make a profit to pay you the dividend, so no profit, no dividend or can't sustain the dividend.
For reit, as long as there is tenant and rental, then you know the distribution is there.

For normal stock, company can go burst and become zero.
For reit, whatever, you still have the property left.

Actually can't compare directly between both as risk involved and nature of business/company is totally different.
It is more like compared apple and orange.

1.00 matched.

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Added on December 16, 2008, 4:40 pmYou can see everytime, seller withdraw his/her Q to sell on buyer side.

This post has been edited by cherroy: Dec 16 2008, 04:40 PM

Reits are under pressure lately especially Axreit as private placement high probably will be deferred which is not a good news.

Properties price will be softening, that's no doubt about it, so reit valuation will be cut as well.

Don't expect it can go up for near term as properties price need to have economy recovery to have some appreciation in value as well as rental.
Also commercial particularly office rental place will be over-supplied as some newer building will be into the market in near term.

So any interest in buying reit, be prepared to hold very long term before can see any fruit of it, provided bought at a cheap price and right stock/reit.

Have the same feeling.

It is long and painful journey ahead.

Yes, 10% will only effective next year. This year still 15%.

As far as I know, no, it is treated on the financial calendar basis, not when they pay. They are paying the distribution that generated from 2008, then need to follow 2008 ruling. Unless they stated the payment/distribution date, then yes, which I don't think so, as haven't seen the proper wording of it the new rules, can't 100% sure of it.
Please bare with me.

LOL, buying too little at 1.00.

Today got some substantial buying force coming out to buy, intend to get the 7 cents DPU on Feb as well?

Volume is pretty high today, more than 1 millions share changing hand.

Cannot, as for nominee account, the share is not direct owned by you.

If for between direct account with CDS, then yes, possible, but cannot to third party, that's for sure. Within the same name or family members, last time when I updated.

If not mistaken, still can, you must provide the reason, and prove the family relationship and approved by the KLSE (CDS account authority), not only for the reason of pass away.

This is new to me. Thanks for sharing/update.