It's earning for 1Q is 2.14 cents, so close to 2.2 cents. Distirubtion is 2.05 cents.

Rental income is fixed already, won't see much improvement, applicable to most reit, unless renewal of lease. Therefore don't expect to see much upside surprise for earning from them, unless newly injection of properties like Axreit.

Reit is purely getting the yield only.

No news. But its (Atrium) price is under a bit of pressure due to sellers eager to liquidate recently.

bought another 8000unit@ 0.91!!!

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Added on April 30, 2008, 11:43 amATRIUM is now 0.895!!!!

Cherroy,
any explaination why it's dropping like fly?

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Added on May 8, 2008, 4:42 pmguys,

any news on atrium? it's now only 0.89. Lower than their IPO price last year

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Added on May 23, 2008, 3:30 pmbought Axis Reit @ 1.76

This post has been edited by Neo18: May 23 2008, 03:30 PM

Stareit is going to revaluation its properties, Lot 10, Hotels, and Starhill which might result in increment in NAV to Rm1.18.

If drop below Rm0.85, will pick some again.

Hmmm Stareit is under YTL right?

Yes, it is YTL group one.

I have nearly 80k worth of ATRIUM REIT. but everyday i c the share keep going down and down. now its 0.865!!!

Should i panic?

I don't know your case, but just don't put all the eggs into one basket even though you knew probably it is good over the long run. Diversify a bit, no harm done, but not overly diversify also until too many can't keep track or monitor.

As long as it still generates steady profit/distribution to the shareholders, then not much to worry about. Only worry if fundamental has changed. This is the major concern if it did happen (applied to across all the stocks)

At 8.+ cents distribution annually, you will recoup your all capital invested in 10 years time, then the rest is your net gain. (not plus interest lah). LOL, just joking.

Just want to hear everyone's view on REIT with the current backdrop in US and Malaysia economy.

With so many uncertainties in US related to its subprime woes and its ever-declining economy, how long do you think the REIT will stay at this level and not affecting its dividend yield? Though, in Malaysia, we have not felt the 'heat' from the slowdown in property market yet but we cannot discount the possibility of it hitting us without knowing it right? Of course the big firm will get the news and took a profit from there REITs before dumping it. So what about us?

I am still thinking of putting more moo-lah into REIT but the current backdrops worry me. Lately the financial reports from a few REITs have not been good.

What is your view?

Please share.

I not greedy la.. anything more than 5% nett dividend per annum is considered fine with me

It is the same target for me too!! What is your thought/feeling if the capital is eroded too? Say 5000 units of STAREIT @ RM0.90 (RM4500) becomes now RM4000 or RM3000 or even RM2000? It is not likely to go so low but it is possible to go down right?

That is the thing that is bugging me for so long. Can't seem to decide when to invest in other REIT counter cos the price movement has been going downward.

Not as bad as you think, most reit reported within expected result, rental or their lease is fixed, so their income is also fixed based on their leasing tenure. Mostly leasing tenure at leat 2-3 years and above. So witin this period income is fixed and secured.
Reit financial result is highly expected because of above reason mentioned. You won't see singificantly surprise upside nor downside in their earning.

Long tenure has good and bad:
Good : you secure the income long term and don't need to worry about finding new tenants for the property. This is good for when property is in bearish time.

Bad : rental is fixed so reit manager can't raise the rental to increase the reit income especially when it is on property boom time

Yes, you capital might be eroded in a bad time also because market anticipated a hard time for property market in near future due to inflation and slower growth ahead which drag down the property price.
That's why currently most reit counters are trading at around 10% discount of their NAV. But for sure, it can't go too low as compared to normal stock that the company goes broke or brankrupt because the basic underlying is its property worth.

Just my 2 cents and view, not necessary correct.

This post has been edited by cherroy: Jun 4 2008, 01:55 PM

REITs in Malaysia are not transparent.Read my blog.

if stareit drps to 0.835, i'm going in

hey cherroy,

already below your target price la.. picking up any units?

Yesterday pick up already at 0.85. Drop fruther may be pick up some again.

Buying now at 0.85 is similar to buying at 0.82 because there will be around 3.4 cents distribution after June 30 ending.

Net yield is abut 6.8%.

This post has been edited by cherroy: Jun 13 2008, 09:19 AM

Why is STAREIT diving now? Any particular reason? Isn't revaluation good for it?

the 6.8% is after 15% tax?

i'm quite interested in who is selling off the shares ....

This post has been edited by ante5k: Jun 13 2008, 12:12 PM

someone who needs money urgently, i guess

Yup, gross is 8%, witholding tax of 15% make it a net 6.8% yield

Probably.

There are a lot of insurance funds are investing into Reit as seen by the substantial shareholders list.

bought some STAREIT today @ 0.84!!!

now i got 21 counter in my portfolio!!! not enough place in my favourite folder liow!!! hahahaha...