bought some UOA yesterday, today 0.79% return

1.26

YTLP dividend can cover , I though it will go down today , but go up.now wait and see this 6 month, whether want to go in or not, because this REIT is not too liquid compared to other REIT.

http://finance.yahoo.com/q?s=P40U.SI

You can only buy if you have foreign trading account in Singapore.

I treat REIT as FD with higher risk of taking back my capital because of the liquidity of the instrument because the volume is low.You will incurred losses when selling time because most of the buyer will queue at a much lower than closing price.(when u want to sell, sell after the dividend is announce, u will get a better price)When you buy in, make sure you will be putting for more than 1 years. Volume low also have it good side, I don't have to monitor the stock everyday, it will drop or rise abruptly.If possible I don't want my REIT NAV to increase, 1-It will increase manager management fee causing lower dividend, 2-it will push the price up or down, making it volatile.Theoretically when NAV increase, the price will go up,but then I am buying REIT for dividend not appreciation, it will making it volatile and the shark my come in disrupt.It better the price stay the same and I can buy more from the money I got from the dividend.

my 2cent.

how it is going to finance the purchase? right issue?

Al-‘Aqar KPJ real estate investment trust (REIT), represented by its trustee AmanahRaya Trustees Bhd, has proposed to acquire six properties, including Kulim (M) Bhd’s 16-storey Menara Ansar in Johor Bahru, for a total value of RM302.9m. The purchase consideration will be satisfied partly by RM181.8m cash and RM121.2m via the issuance of 123.6m new units in Al-‘Aqar at an issue price of 98sen. “The latter will increase Al-Aqar’s capital base and hence improve its gearing levels for more optimal capital structure,” said Al-‘Aqar. Four of the properties are hospitals, of which two are in Indonesia.
(StarBiz & Financial Daily)

You remind me of the Singapore REIT- Saizen REIT,which default 7.3 billion yen.Interest rate is going up gradually,so the gearing ratio is getting more important in evaluating your choice of REIT, yield and DPU have to take a back seat.

UOA REIT(based on 2009 Annual report ):

Debt to equity ratio:0.42
Gearing ratio:29%

the annual report stated 22.44% which only included the borrowing, my calculation included other liabilities beside borrowing in the balance sheet, so there is a difference of 8%.

UOAREIT drop 5 cent.

KUALA LUMPUR, March 12 (Bernama) -- Hektar Asset Management Sdn Bhd, the Manager for Hektar REIT (real estate investment trust, on Friday announced the government has acquired 0.1331 hectares of land from Hektar REIT under the Land Acquisition Act 1960 for the proposed extension of the Kelana Jaya Light Rail Transit Phase Two project in Subang Jaya.

The land forms part of the 4.362 hectares on which the Subang Parade Shopping Centre is located and which belongs to Hektar REIT, the company said in a filing to Bursa Malaysia.

It said the acquired portion was only 3.0 per cent of the land area and affected a part of the outdoor car park area of the building.

Meanwhile, the government recently issued the Notice of Award (Form H) which provided a compensation amount of RM4.155 million.

However, AmTrustee Bhd, the trustee for Hektar REIT, filed an appeal yesterday on the compensation amount.

Under the Land Acquisition Act 1960, 75 per cent of the sum awarded under Form H will be paid to AmTrustee (on behalf of Hektar REIT) within six weeks from the date of service of Form H on AmTrustee, pending the outcome of the appeal.

i believe it wont stop anywhere near subang parade , since the government acquire small patch of land near subang parade,not big enough for a station. my parent condo's tennis court near subang parade had been acquired for the LRT project too , cannot play tennis there anymore >_<

No one want to sell UOA now.