The success of AXREIT securing the long term loan really has a great effect on its price. Today AXREIT flying

Can they use their rental to service their loan? and reduce in term of dividend?

Ops sorry my mistake 

But i wonder y reits will find hard to refinance their loan eventhough some of their debts level are high. as long as their business can sustained and able to service their loan or pay their bond to their bond holders....As long as the company fundamental still maintain strong should be not hard to find loan .

Finally, I don't understand why they are all trading at a discount to their NAV. Is it because investors don't believe in the valuations of their properties?

tempted to sell if go beyond 1.60 

What's up with the heavy selling pressure on QCT? Especially since they're scheduled to announce results on 23/07. Is the market expecting them to announce bad results?

i don't want to keep paying money for margin call......
if want to invest, just put an adequate lum sum and leave it aside. I just want the dividend only

Didn't see anyone post this for UOA. What, nobody buys this one?

UOA REAL ESTATE INVESTMENT TRUST 
Date Announced : 15/07/2009 
EX-date: 30/07/2009
Entitlement date: 03/08/2009
Entitlement subject: Income Distribution
Entitlement description: INTERIM INCOME DISTRIBUTION OF 5.82 SEN COMPRISING 4.88 SEN TAXABLE INCOME AND 0.94 SEN TAX EXEMPT INCOME FOR THE PERIOD ENDED 30 JUNE 2009.

by the way, the value RM xxx,xxx/month means what? the rental Arreit is collecting?

p/s: SEGi College, Kota Damansara building very nice. so near to my house too, hehe.

mamak EGM?

I was wondering since Amanah Raya is the trustee of all those Amanah Sahams, does ARREIT stand to benefit from all those fire-sale of ASM & ASW ? Seems like AXREIT is benefitting.

Agree with you for this, but i have a few points here:
1. if i am the investor of the 20% sure i will invest lower than market price.
2. The 65mil deal is RPT.
3. The 65mil deal with return just a mere 5.6% will drag down the DPU (after consideration of the 20% private investment, which used to fund to purchase the 65mil)
    The EPU will be lower to 14.4 from currently 16sen, which is a negative factor with me.

If i am Axis Reit management, why don't i take advantage with current low interest environment to get a let say get a  4% loan to fund the purchase, although will raise the gearing may be up to maximum 50%, but the additional DPU sure will drive up the price more than the currently RM 1.76 NAV and issue the private placement at least at this price in the nearest term  and not dilute the earning like this way.

Just my 2 cents.
Anyway, just dispose a quarter and hold another 3 quarter hopefully like what u say the private placement will higher.
I am very satisfied with their previous track record, but now 
(if amanah saham or related party  is the investor of the 20%, u think u can get higher and bargain with GLC/related party for higher price? This depends how good the management are,  )

With regards to RPT, we ought to see more RPTs coming from AXREIT. Why? Remember that Axis was a property development and investment company set up by Alex, Stephen and Abas? Their core activity now is to develop and "groom" these babies to be yield-accretive. So it is completely normal to see RPT within AXREIT

panajie..yes i am holding non-reits as well. last time i trade quite frequents but end up losing money especially the goreng-goreng one. now do some balancing in my portfolio (reits, dividend counters and gorengs also got..he.he.)...and it worked very well. no longer cemas when leave the screen...

i only got 3 reits. regret didn't buy the most cun counter "axreit" when it bottomed 1.00 last time..one click away 'confim button' only..

still evaluating to buy another one reit which i consider able to give me at least 9% yield/year. and to increase my holding in the 2 existing reits that i currently have..

ohyah, another dividend cheque for Qcapital - Gross interim income distribution of 3.78 sen per unit.

reits rocks!

The computation is simple, 1st half they distribute 8sen for dividend (which i understand is near 100% of their income, excluding RM 2million profit which is paper gain from valuation, though NAV will up a bit). So Assume whole year = 8 *2 = 16cents for current 19 properties.
The additional property add 1.28 cents next year so total 17.28 cents.
Private placement is 20% that's mean next year 120% share the dividend. 17.28censt / 120% = 14.4 cents DPU for next year.
Remember, the private placement is to purchase the 65mil and the extra 10mil is develop it further. So, the total debts still remain the same relative to NAV, but will be lower against total asset, which for me just a small +positive factor.
He he, if they can private placement at RM 1.70 and use extra to pare down debts then good for long term like what Cherroy say(short term not good coz now low interest environment) 

I blamed Cherroy for not forcing me to buy REITS.   I remember last time when I was asking him about REITS (AXREIT was at RM1.00), he said not bad, can buy, but judge your own. He should have said "I have EVERY confidence in REITS. Gives you GUARANTEE returns and possible CAPITAL appreciation. Don't look at it as TURTLE stocks as there may be NINJA TURTLES in those REITS too. BUY BUY BUY. BTW, I have a fortune in REITS!". Would have dump all my money into REITS..... 

Haha, jokes aside, now that I know what is REITS, I will definitely buy some more next time......

I guess so. I'm holding Qcapita and Hektar at the moment. Follow recommendation from you guys...... 

However, what Jordy said is also quite logical, that since we buy REITS for long term for its dividend, any paper gain is just that - paper gain. Come next recession, we'll get capital depreciation leading to no gain at all...... but then, that's a good time to buy! 
Any more info on that? I looked at its charts and its price seemed quite stable since 2008....

What is ALAQAR?

Fundamentally, healthcare business will only flourish when there is a HUGE pandemic (not H1N1) or 20-30 years down the road. Therefore, I do not see ALAQAR going anywhere up from here any soon. Meaning to say, less patients = less income = less rental reversions.

So there you have it, its income for now should not grow any faster (if it grows).

Well, this is just my view.
Next recession? Well, lets hope for stimulus crisis or US currency crisis to materialise soon

By the way, paper gain might not just be paper gain IF you know how to play it around to increase your yield. I might be doing that after the ex-date. My current yield would be around 10.9% (if the DPU is 0.16). I can raise it to 12.8% with the same DPU

You're stating a right point, we are only renting the property to tenants. But I would like to think of it this way.

If the tenant makes money, the tenant has the capacity to pay higher rental (in this case, KPJ itself). So my view is that if the private healthcare sector is not growing, there will be stagnant rental or even worse, decreased rental.

It's like what my formula says. Less patients = less income (in this case to KPJ) = less rental reversions (to ALAQAR).

OT a bit.

I understand some time back you expressed your interest  to invest in CHHB oil palm related investments.

Aren"t CHHB have  some similarity with Boustead one ?

Mind to share more.

Anyone into Sgp REIT ?
Some of them are paying even better yield than AXREIT e.g.
-MI-REIT at 19.7% : qtrly
-Starhill at 15.3% : qtrly
-LMIR at 13.6% : qtrly
-Cambridge at 13.0% : qtrly

http://reitdata.blogspot.com/
These yield look rather attractive (are they real??)
Appreciate any comments. Thanks