Anybody done any research on BSDREIT? or any comments? My preliminary research tell me they have sustainable DPUs.

For AXREIT,

Proposed placement of up to 120,000,000 new Units
(“Proposed Placement”) representing approximately
46.9% of the existing Units in Axis-REIT in circulation at
a price to be determined later;

After this placement, DPU will be reduced to somewhere around 10sens? Correct me if I'm wrong.

I've got a question here.

Taken from: FILING OF WRIT OF SUMMONS AGAINST CEVA LOGISTICS (MALAYSIA) SDN BHD (“CEVA”) AT THE SHAH ALAM HIGH COURT ON 2 APRIL 2009
2) To claim Holding Over/Outstanding Rental amounting to RM 4,285,600.23 as at 31 March 2009;
3) To claim interest accrued up to 31 March 2009 amounting to RM 179,797.06; and
4) To claim damages.

So does this mean CEVA doesn't have to pay the Outstanding Rental & interest? I don't know whats goin on in there, close to RM4.5mil (~1 year's rental) write-off just to fill the vacancy? Is it just me or what, but I don't feel comfortable about the idea of keeping tenants who default 1 year's rental.

Well, upside for this is they're paying a higher rent than before. Hopefully the 8.4 sens DPU (or more) holds. Luckily I bought at 0.61, 14% yield.

Btw, anybody knows when they're releasing 1st Qtr Results?

This post has been edited by ks3114: Apr 28 2009, 08:20 PM

I agree. But it is to our advantage in this global recession that they invested only in Malaysia.
Imagine if they had US assets, their prices wouldn't be holding up so well. Look at Australian REITs where they invest more than half into US, EU and Japan, now their prices are down ~50%. (Also partly due to over-gearing)

Me too. TP below 1.40.

Somehow my portfolio starting to skew towards more REITs.

Atrium DPU 1.6cents onli.. hopefully next quarters will be better after signing new contract with CEVA

Hmm, it wasnt announced that they changed distribution to half yearly. But seems like they're heading that direction.

For 2008, they paid in 2nd and 4th Quarter. For 2009, they've alrdy distributed in Jan (Q2). So, Im expecting them to pay final div around July (Q4) again.

hehe, you probably heard from an owner of AHP2. It's div is crappy + its now suspended awaiting liquidation.

This post has been edited by ks3114: May 12 2009, 03:46 PM

No income distribution was declared for the quarter under review but provision was made to distribute
95% of the income before tax (unaudited) for the quarter ended 31 March 2009 to be distributed by end
of August 2009 as described under Section B12, Income Distribution.

+

A provision was made to distribute RM7,126,543 as income distribution for 1st Quarter ended 31 March
2009. This translates into approximately 2.90 sen per unit for the quarter under review and includes a
non-taxable portion of approximately 0.49 sen per unit (representing 16.90% of the gross distribution)
deriving mainly from utilisation of capital allowances. Provision for income distribution for the quarter
under review is 35.51% higher than corresponding period last year (2.14 sen per unit).


So, yea no dividend this quarter. They're only paying the dividend in August which is 2.9sen + income from Q2 ended June. Probably this explains why there wasn't any transaction today. But definately huge improvement in performance.


Btw Cherroy, if you look at UOA's Q1 report, their Borrowings increased by RM8mil. Why is that? They didnt mention anything about using RM8mil.

oh.. icic. I thought theyre paying dividends using borrowings (something like ponzi). thx for the info

PKNS eyes REIT buy

It is learnt that the state property arm is eyeing a listed REIT with total assets valued at more than RM600 million.

General manager Othman Omar said PKNS was negotiating to buy a controlling stake. He declined to name the REIT.

woo, looks like 1 of the reits gonna fly. They've alrdy given clue, so whoever guesses it right might make some $$.

Yea, agree. Thats the bad side of it I guess. But on the bright side, let's hope they offer a good price for the stakes, around NAV price maybe

NESTLE HOUSE
As Nestle Products Sdn Bhd will be moving out of Nestle House at the end
of November 2009, the Manager will be taking the opportunity to undertake
a complete refurbishment bringing it up to the best in class.

I got this from 2008 Annual Report. hmm.. they alrdy moved out or stayin till end of Nov?

Hektar's result should alrdy be out. What's goin on..

btw, we gonna have a new REIT soon - TA Global by TA Enterprise. They said its gonna be listed around end-Sep this yr. So far they havent announce about the portfolio of the REIT yet i think.

TA Global

This post has been edited by ks3114: May 16 2009, 01:19 AM

Just received HEKTAR's Q1 2009 Financial Presentation. Very good information in there for any new investors
 Hektar_090518_1Q09_Presentation_FINAL.pdf ( 373.33k ) Number of downloads: 47

Yea u will get the cheque, but at the same time the price of the shares will be down 0.024. You're back to square one. Unless u plan to hold it, theres not much point of buying now (after the price has gone due to div anouncement), collect the cheque and sell it later (price drops after ex-div).. It really depends on your strategy.

Plenty of QCAP at 0.84, take it easy. Lately most of the REITs falling slowly. I think those with lots of REITs exposure starting to sell some and overweight on goreng stock in anticipation of a bull run. This theory boleh pakai kah?

cherroy is diff ma. Im referring to the average joes and tom,d***,harry who will do that gua. They follow the smell of $$.

What about those investors who are waiting out the downturn? Since they have $$ and reits are liquid, give high yield (more than FD), does it make sense for them to overweight on reits in the short-medium term? basically they just want to park their $$ somewhere safer, with decent yield.

yeah true. i guess msia reits didnt behave like US, aussie, sg reits. msia reits did show some sign of struggle (nestle house - axreit, ceva - atrium) but overall they seem pretty tankish. They even had +ve rental revisions!

QCAP 0.835.. down somemore and ill going in