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 REIT, real estate investment...

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Vv.SoViEt.vV
post Jan 21 2008, 10:46 PM

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what is DPU ct? the higher the better?
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post Feb 3 2008, 12:14 AM

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QUOTE(cherroy @ Jan 22 2008, 11:44 AM)
Distribution per unit, so it is better higher or lower?  tongue.gif
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Oh ok.. cool.gif still learning.
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post Feb 13 2008, 01:53 PM

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today atrium counter didnt open? wtf
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post Feb 13 2008, 02:07 PM

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QUOTE(cherroy @ Feb 13 2008, 02:03 PM)
Got, just no transaction being done.
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sweat.gif sweat.gif
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post Feb 14 2008, 12:40 PM

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QUOTE(cherroy @ Feb 13 2008, 08:39 PM)
Haha, I am not Warren Buffett.  tongue.gif, so take your own risk if want to follow me, I hold no responsibility when taking you to Holland.  tongue.gif
Just joking.  smile.gif

Anyway, I had not bought any stocks since last year (4Q), (I segregate out between normal stocks, reits, loan stocks and CWs) only hold previously bought one or that had bought years ago.

I had only bought some Reit stocks here and there, posted in the Reit thread. Lastest bought was Axreit and Stareit, both before ex-distribution.
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nvm, I ll wait you biggrin.gif anyway, I m just a small peanut in stock market.

um.. queueing atrium at 0.93, hopefully I ll get it. Now is 0.94. I have question.. why do you buy so much reit type like axreit, stareit and axis? besides, reading the table provided by the blog, atrium yield the highest. Do you see the potential axreit and stareit to grow further? hmm.gif

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post Feb 14 2008, 05:25 PM

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QUOTE(cherroy @ Feb 14 2008, 05:16 PM)
Aiyo, I miss the boat. Didn't queue, as didn't think can be done.
The sellers are depressed, throw disregarding the price as long as got the buyers.

At 1.70, it is almost at par its NTA (1.65) already and with 13.+ to 14 cents EPS is expected for the full year then it is about 7.7% yield, net yield about 6.5%.
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miss the boat? now you can buy too. I believe it might fall in between 1.70 and 1.65 tomorrow.
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post Feb 15 2008, 11:16 AM

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oh axreit and atrium is dropping. i got atrium at 0.93
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post Feb 15 2008, 11:19 AM

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QUOTE(Neo18 @ Feb 15 2008, 10:54 AM)
i q for 1.68 AXIS, cannot get la.. hope can get today
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you queue early morning why cannot get? sure can get unless your broker got problem?


Added on February 15, 2008, 11:22 amsorry another stupid question.. REIT yield is per annum right?

This post has been edited by Vv.SoViEt.vV: Feb 15 2008, 11:22 AM
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post Feb 15 2008, 09:51 PM

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QUOTE(cherroy @ Feb 15 2008, 03:09 PM)
Will queue Axreit at 1.68 <-- nice number mah especially new year time  tongue.gif  biggrin.gif
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aiya.. how can i missed that. You know to define the number in canton, I see the number only in pure number. rclxms.gif
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post Feb 16 2008, 05:42 PM

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QUOTE(cherroy @ Feb 16 2008, 03:43 PM)
Personally, I look for the yield only as alternative option of FD.

Also, even though most reit price is falling but not that much, (I got Atrium at about 0.96 average, Stareit at 0.90, Axreit average around 1.75-1.85), which those already getting some distribution from it.

Yield is 'locked down' when you purchased, the price movement won't affect the yield. Just like I had bought Atrium at 0.96 which is about 7.8% net yield (after deduct the 15% witholding tax). As long as Atrium manage to maintain its DPU at 8.8 cents pa, then daily price movement doesn't affect my yield or decision in it. Only if Atrium DPU drop, then I would concern about it or selling it. That's mean I can expect 7.8% each year from it from my invested 0.96.

Instead the price goes down which only makes the yield even higher and more attractive for future purchase.

But remember to watch the individual company issue closely especially their earning result. If nothing goes wrong, yield play is ok, but if earning result shows some deteoriation then need to revise the strategy again, and decide whether to hold, sell or buy.

I do see some more downside for reit although yield is attractive, mainly due to real estate mess in overseas as well as potential economic slowdown which does hurt Reit price in general which follow overall market trend unless gov intends to reduce or abolish the witholding tax which is a great news for reit.
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be frankly i m saddened by the fact that the current yield is on par with ASW, which is around 8%. If the govt removed withholding tax, I ll be VERY happy.
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post Feb 17 2008, 01:45 PM

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ATRIUM NAV per unit as at February 15, 2008 is RM0.995

AXREIT NAV per unit as at February 15, 2008 : RM1.653
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post Feb 18 2008, 08:15 PM

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WTF! Atrium goes up to 0.99 shocking.gif
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post Mar 26 2008, 08:30 PM

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ATRIUM good buy.

NAV 1.0002
market price 0.95


whistling.gif
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post Mar 27 2008, 10:37 PM

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QUOTE(cherroy @ Mar 26 2008, 10:34 PM)
It is quite norm for reit to trade at below its NAV value, ranging from Stareit, Atrium, Amfirst etc due to bearish market sentiment especially towards property sector currently. What matter most on the reit is its yield and consistently yield or yield improvement throughout years. NAV come second.
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With exception with Axreit?

NAV and dividend yield is inter-related. If the market price is lower than NAV, it will assume higher dividend yield. By just looking at dividend yield alone without NAV is pointless because both of them are equally as important.
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post Mar 29 2008, 04:55 PM

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cherroy, do you know when is atrium payment date?
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post Apr 18 2008, 04:37 PM

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QUOTE(Neo18 @ Apr 17 2008, 04:42 PM)
i bougt 7 lot of ATRIUM @ 0.92!!!
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7 lots only? sweat.gif

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