After round of calculation, i still didn't get 90% income distribution from BSDREIT.

There are up to 69mil translate around 12.4 sen for distribution to unit holder. But they only allocated 51.8 mil ~ 9.3 sen.

By rough calculation, that translate approximately 75% of the net profit which contradict with 90% reit policy which to exempt from income tax act 1967.

is it possible they take out the performance based rent income and gain on disposal of investment properties?? but that is consider taxable income correct me if i wrong. BSDREIT website also stated they may distribute as bonus dividend.

this issue has been cracking my head this few days. Anyone can help me on this. Thousand TQ

agreed on gain in disposal of investment properties, how about performance based income?

according to 4qtr report, 69 mil (realised operating profit) minus 6.5 mil will get 62.5 mil, yet still less than 90% distribution.

and TQ for yr help Cherroy.

This post has been edited by Gregory: Feb 3 2010, 11:59 PM