Highlights
KLSE: KIPREIT (5280)       KIP REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
0.845   0.00 (0.00%)  0.845 - 0.845  13,900
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Ann. Date Ex Date Payment Date Type Subject Amount View
27-Apr-2017 16-May-2017 30-May-2017 DISTRIBUTION Income Distribution RM 0.01 Dividend Detail
25-Jul-2017 09-Aug-2017 29-Aug-2017 DISTRIBUTION Income Distribution RM 0.0192 Dividend Detail
30-Oct-2017 09-Nov-2017 28-Nov-2017 DISTRIBUTION Income Distribution RM 0.015 Dividend Detail
25-Jan-2018 12-Feb-2018 28-Feb-2018 DISTRIBUTION Income Distribution RM 0.0175 Dividend Detail
10-May-2018 07-May-2018 30-May-2018 DISTRIBUTION Income Distribution RM 0.0178 Dividend Detail
26-Jul-2018 08-Aug-2018 23-Aug-2018 DISTRIBUTION Income Distribution RM 0.018 Dividend Detail
15-Oct-2018 29-Oct-2018 13-Nov-2018 DISTRIBUTION Income Distribution RM 0.0145 Dividend Detail
15-Jan-2019 29-Jan-2019 14-Feb-2019 DISTRIBUTION Income Distribution RM 0.0155 Dividend Detail
29-Apr-2019 03-May-2019 17-May-2019 DISTRIBUTION Income Distribution RM 0.0151 Dividend Detail
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  Patrick13 likes this.
 
shortinvestor77 BoD is trying their very best to generate increasing profit. Any deal that cannot give a recent yield will not be purchased. The existing business they have been improving and increasing its profit while reducing cost be installing solar panels onto the assets. Reits always carry suitable debts with a max gearing ratio of 0.5.
12/10/2018 8:34 AM
Gen2 @LearningToInvest, they have 300m cash ( published in sinchew : http://www.sinchew.com.my/node/1797937 )
12/10/2018 10:05 AM
LearningToInvest Gen2: thanks for the link.
12/10/2018 12:04 PM
Gen2 Weird thing is, their BS don’t have the 300m cash ??!!
12/10/2018 12:31 PM
kinuxian That's the model of most REIT player by leveraging where SC limit the gearing ratio below 50% as hard cap. Most of them will tap into gearing where confident their purchase is making higher return then loan interest. They'll issuing new commercial paper when time due.

I guess many reporter failed their math. :) Their current asset is about 30MM instead of 300MM in their final report.
12/10/2018 5:57 PM
Gen2 @kinuxian
The news even stating after the cash call existing 300m cash will be increased to 400m.
May be who attended their AGM can enlighten us further ?
12/10/2018 9:59 PM
LearningToInvest their cash call is only ~100m shares... assuming they can place out at 0.80... only get 80m cash. Their Aeon purchase... from circular looks to be 100% funded by debt... but assuming 80% financing at 5% interest rate for 20 years..maybe NPI additional RM4m a year. if they manage to place out the 100m shares (which they will have to) their yield will no longer be 8%... proforma ~5% only. If only going to get 5% yield IGB or PAV reit safer
15/10/2018 2:14 PM
shortinvestor77 They know what to do for the benefit of shareholders..
15/10/2018 9:57 PM
CFTrader (1) According to what i had read in the AR2018 , they DO NOT have 300m cash .

Cash and Bank Balance = 8.9M
Deposit with License Bank = 10.9M

Generally speaking it's 20M for cash, and 28M for short term asset.


(2) REITS usually will refinance their debt with the asset as backing. As long REITS can generate income more than
(i) the existing rate - eg. if average rate is 7.0% , and the latest acquisition give 7.5%, that is addictive effect AND (ii) higher rate compared to the cost of fund - which is the loan.

They will be off good with the dividend declaration.

(3) They cannot simply cut the dividend yield, it is MANDATORY for REITS to declare a minimum of 90% NPI to enjoy the taxation benefit. REITS are differerent compared to normal share.


Sincerely
CFTrader
16/10/2018 12:16 AM
CFTrader I lazy to recalculate, but base on last AR2018 , they still have 218.977 M loan amount to reach the ceiling level of 50% gearing ratio.

The acquisition of the "mall" is 208M, which they have maximize the loan amount already.

Sincerely
CFTrader
16/10/2018 12:19 AM
shortinvestor77 https://klse.i3investor.com/blogs/nomoneylahreitinvesting/178957.jsp
20/10/2018 3:31 PM
shortinvestor77 No more kacau from Great Estern and OCBC.
https://klse.i3investor.com/insider/substantialShareholderNoticeOfCeasing/5280/23-Oct-2018/11939_618477176.jsp
23/10/2018 2:15 PM
shortinvestor77 http://www.klsescreener.com/v2/news/view/455910
13/11/2018 8:41 AM
naruko halt again for this kinta acquisition, what the...
30/11/2018 2:47 PM
naruko 2billion asset, what a high target, but I like it
06/12/2018 8:49 AM
Kalaihselvan Krishnan Why big drop in price
31/12/2018 9:51 PM
kinuxian I guess GE & OCBC. Selling their remaining shares although ceasing as substantial shareholders back in Oct.
31/12/2018 10:05 PM
alam Rafik KIP already touch to 0.80 almost so why it slip...?
31/12/2018 10:12 PM
RickyCJC Many REIT drop, don't know why?
31/12/2018 10:45 PM
Kalaihselvan Krishnan Price down a lot
01/01/2019 1:20 AM
Yi Heng fair price how much?
01/01/2019 6:17 PM
RickyCJC What's going on? My other shares are up, only this share is falling
08/01/2019 1:08 PM
nkk53 Q at 0.78
09/01/2019 10:32 AM
Yapyapty Tp0. 70
13/01/2019 12:55 PM
Tan Yeang Cong Still consider good, need time to grow.
16/01/2019 9:13 AM
antonb RED ALERT - 2 main directors are selling, millions of shares after buying in Oct and Nov last year.. time for small holders to also sell??
28/01/2019 4:12 PM
mbge7clt Green Alert the 2 main guys are buying back... i guess all these actions are normal.
30/01/2019 9:52 PM
Kensington KIP REIT had since yesterday breached the 200 day exp moving average and is now moving on an upward trend. Keep it up, KIP!
26/02/2019 2:49 PM
Yapyapty KIPREIT will drop to 0.72 soon
04/03/2019 10:56 AM
Value Investor Coo1eo @Yapyapty....that's great!! but please be more clear on why 0.72 and not 0.68?
05/03/2019 5:17 PM
Yapyapty 因为现在是散户吃着上而已,买在0.800以上
06/03/2019 11:16 PM
Yapyapty 如果现在不会卖,就死得很难看
06/03/2019 11:17 PM
Lyo82 @Yapyapty: I would love to see that, and I think you are looking for that opportunities too..
10/03/2019 7:46 PM
Yapyapty 我手上6000张票每天卖点差不多卖完,谢谢散户与庄家
27/03/2019 5:56 PM
Lyo82 也谢谢Yapyapty
30/03/2019 11:30 AM
Lyo82 Thought of you got 60000 shares... quite a joker.
30/03/2019 11:42 AM
Yapyapty 祝大家好运
03/04/2019 8:07 AM
CFTrader With the acquisition of the Kinta Mall, i don't see any reason of dropping.
Please make KIPREIT 就死得很难看 (die in a very horrible way)
I'm waiting to collect KIPREIT and die with KIPREIT together if it is selling at 50c.

If you think KIPREIT will drop suddenly to 70c or 60c, then you must mistaken REITs as a normal company share or whatsover securities...


Sincerely
CFTrader


(previous excerpt)_____________________________________

malinfan is now salivating because of missing the boat as he/she/it sold at a lower price and now the price had gained to 86.5c.

He/She/It is still waiting for 55c KIPREIT which in my humble opinion , with a probability of 99% he wont get the stock at that price.

Sincerely
CFTrader
05/04/2019 5:32 PM
Yapyapty Sohai CF Trader
05/04/2019 9:26 PM
Lyo82 Yes there is an idiot here.
06/04/2019 10:12 AM
Yapyapty Super sohai
06/04/2019 6:51 PM
newbie trader can in now?
08/04/2019 2:47 PM
Value Investor Coo1eo i wonder why traders are even here....."can in now?" ...if u want to in and out, go and find another hole....knn
09/04/2019 1:24 PM
Yapyapty 包跌guarantee drop
11/04/2019 11:04 AM
Yapyapty 我排买着0.805
14/04/2019 5:09 PM
enigmatic [Breaker of Speculative Investing] I now understand why my friend said buying REITs is like buying real estate property. Location, location, location.
19/04/2019 11:46 AM
CFTrader Oh no, the YoY profit dropped 14%. By this trend, after 7 quarter, KIPREIT profit will be zero ! SELL now. TP 0.10
Familiar with this kind of quote ? Teehee...

Note for fellow investors.
Lower total comprehensive income mainly due to higher borrowing cost incurred on the back to date of higher bank borrowing to finance solar PV system as well as the Kinta acquisition deposit. On top of that, the higher management fee charged from 0.30% of TAV in corresponding quarter to 0.60% of TAV in current quarter.

You should question why management fees doubled at shareholder expenses.

Sincerely
CFTrader
20/04/2019 11:16 PM
sg999 Got dividen today.
17/05/2019 10:51 AM
tauruslau Yes
17/05/2019 12:29 PM
sg999 offer....
25/05/2019 9:20 PM


 

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