Seems like AXREIT not coming down & ATRIUM slipping down slowly. Time to buy ATRIUM?
Anyone heard any news about whether there are new tenants for ATRIUM Shah Alam 2?

This post has been edited by whizzer: Mar 31 2009, 05:16 PM

Got this info from another forum
...............
Atrium 2 Shah Alam tenant has vacated.

Financial Impact on Atrium;

Total Rental income p.a, Rm 13691k
Est Atrium 2 impact p.a. - Rm 4382k
Adj maintainable revenue Rm 9309k


Total earned profit b4 adj p.a. Rm 10312k
Loss of Atrium 2 income Rm 4382k
Adj Profits Rm 5930k

Nos of units 121801k
EPS Rm 0.05
Share Price Rm 0.64
Pe & Yield 13x or 7.8% p.a.

Note Atrium would only yield 7.8% p.a. based on this latest development !
...............

What say you ? Does it mean worst case is only get 7.8% ?

if prime location sure got ppl want to rent Only a question of how much...

Agreed. So far I have AXREIT & ATRIUM in my portfolio. Bought these after LYN forum analysis
Besides, AXIS & ATRIUM are such cool sounding names

ATRIUM proceeding for court case with CEVA. Does it has long term impact?

Good to keep...

Ouch.... Regret didn't buy more when at 1.28 last month

I think ATRIUM report is due very soon too. Mostly, it will be hit by this issue.

Depends on situation though. In good economic situation, focusing on specific industry can often gives higher returns.
I wonder when ATRIUM is releasing their report ?

Am also eyeing QCAPITA @ 0.82. Qtrly Report suppose to be out today.

Can I think of it this way ?

Presently I have one house and its giving me good rental income. Value of the house if RM250k and rental return is RM2500 per month. All of a sudden, my uncle calls me and says he wants to have special deal with me. He gives me another 250K to buy another house, provided that I give half share of my current house to him and half share of the new house as well.

Hence based on this scenario, if I manage to buy similar house at RM250k and rent out for similar rental return RM2500. Overall if I look at rental, no difference to me as it combine rental of both house divide by 2 still gives me the same rental yield as if I have one house.

However, if the new 250K is used to buy a house with better rental returns, then I will get more DPU. Its also possible that the new house will give lower rental whereby my DPU will drop.

In the end, its a question of how confident are we that AXREIT management will use the money to buy good properties with better yield than current house.

Can we sort of use the NAV as a yardstick for reference. E.g. AXREIT is around RM1.75, so theoritically, below, this price consider still attractive to get ?

Thanks. Excellent info .

Overall, I buying a REIT quite similar to buying a property for rental purpose then. Similiar concern on the location, rental yield, maintenance expenses.

Well... they did mentioned that their bottom line would be hit because of the CEVA issue.

Also it seems like AXREIT has bought PKNS properties in the past.

Why are all reits very green today ? Want to buy some on dip..

ATRIUM so power one today. Any special news ?

Big logistics company are hard to find in Malaysia. My guess is that at negotiating table, they must have arrive at some kind of win-win scenario. e.g. CEVA continue to rent but can pay later... or factor the oweing to higher rental (which spreads the 4 million over tenancy period).

I was wondering since Amanah Raya is the trustee of all those Amanah Sahams, does ARREIT stand to benefit from all those fire-sale of ASM & ASW ? Seems like AXREIT is benefitting.

This post has been edited by whizzer: Jul 22 2009, 11:00 PM

You forget that it takes reasonable skills and knowledge to be able to invest in the stock market. Also since ARREIT is traded on exchange, most people will already have formed their opinion on it being "risky".

Personally for me, last year, I also had the same mentality. (i.e. if anyone asked me REIT vs ASM/ASW, I would have gone for the later 100% of the time). However, since getting stock online & experiencing myself, I would say, the person would need to experience it himself to appreciate the opportunities.

Anyone know what happen to http://mreit.blogspot.com ?
It seems to have disappeared.