What is AXREIT dividend policy?
90% or 100%?

But it is not really regulated in Malaysia right?
There is no policy that states all REIT in Malaysia has to payout 90% of its earning.
But it is ENCOURAGED in the way that if you distribute 90% or more you are able to get the tax-exempt status, right?
This is the difference of Malaysia REIT from my understanding.

What is the reason for TowerReit and StarReit to trade at >25% off from their respective NAV?

This post has been edited by kbandito: Jan 16 2010, 12:02 AM

What does it REALLY mean with market correction?
We can calculate the NAV of REITs because its assets are backed with physical existences.
IMO market correction is to correct the positivism of investors toward the prospects of certain industries.
Normal equity value are integrated with the earning prospect of the stock isn't it?
On the other hand REITs' NAV is integrated with unrealised gain, however you can validate the rationale of the gain by comparing the price of other property at the same area, another plus is that in property market the price of properties are not as volatile as stock.
Therefore IMO even if market correction hits REIT, that might indicates panicked selling instead of a real adjustment in the REIT's NAV, unless local property market comes to a bubble burst.

When you buy an asset, the asset will appreciate most of the time.
That appreciation is regarded as paper gain/unrealised gain before you dispose that asset for earnings.
One you sell, you only make the real money into your pocket right?