Steady solid results again coupled with an announcement of quarterly distribution policy from 2009.

According to the report, realized earnings for the quarter is a fair bit less than the distribution proposed. So the results aren't all that great in my opinion. Don't really expect price to be heading up unfortunately, even though I have a couple of units. Will be interesting to see how the other REITS have fared this quarter.

Yes. The payment of dividend should not leave you any worse off.

Imteresting deal. Pretty much doubles its size. As a unitholder, I'm pretty keen to see the valuations and yields for these properties. Another 200m+ loans is a little worrying, but I hope they know what they're doing.

Took a look at the press release. Just under half the cost is financed by issuance of new units at MYR1.30. So it appears UOAGROUP parent is preserving their stake in the REIT. A rights issue suggest the parent is just putting back in a portion of the sales proceeds - so it's a bit counter intuitive. Maybe someone who knows the industry better can explain why that might happen. My guess is they'll use some type of borrowings, so rough calculation brings gearing up to 30%+ which I believe is still within the rules.

Ehh.. can you explain a bit pls how you got the gearing ratio. Seems different from pg 27 of the annual report and I'd like to know how other investors look at it.

Short-lived joy. Wonder if it'll drop some more tomorrow. Anyone been to the UOA properties? What do they look like - well maintained?