I think Tokyo is currently experiencing more than 20 years of deflation. This is why Japan PM Shinzo Abe is trying very hard to increase GST and depreciated Japanese Yen so that the country back to inflation.

In next 5 years, Klang valley Shopping & office spaces will be double the size now. Rental Sustainable will then become an important consideration to choose a good REIT to invest. So, just becareful of over invest.

Today Suntec REIT down to SGD1.64 (from 1.72 DPU SGD 0.10, NTA 2.06) and Ascott advanced to SGD1.105 (from 1.05 DPU 0.08, NTA 1.389). Investing in REIT is relatively simple, Sustainable rental, good rental growth with high DPU and undervalued unit price, in no time will to catch up... Just need to be patience.

Company must have sufficient reserve if wants to have this type of boosting campaign. Sunway is one of the company which has strong cash flow. Most developer companies are with heavy debt and have limited cash flow to follow.

3311, if you are looking for Singapore Shopping REIT, Suntec REIT is one of good permance Office and shopping REIT. NTA SGD 2.06, DPU about SGD0.10, Occupancy rate above 98% for both Retail and Office. Another 100% committed asset will be ready soon in Australia. 52 weeks high of SGD 1.95 and low of about SGD 1.5 before CNY this year. Now, about SGD 1.67. Yields almost 6% which is above your 5% expectation. Last month I disposed 2/3 of this REIT and convert to Ascott. Frankly speaking, I'm not sure Suntec or Ascott is better potential. Hopefully, I did a right move!

3311, if you purchase Spore shares from Malaysia. Is better to choose a Bank backing security firm as the exchange rate is one of the main cost. Some non bank backing broker can charge up to 2% (different between buy & sell) but some bank backing firm like CIMB security only charge about 0.58%. For eg, Today Buy SGD rate 2.8925 Sell SGD rate 2.8765. The commission is depends on Firm and offer from broker also. For CIMB, above RM100k purchase, Commission, Foreign Tax ........all total about 0.4%, less than that about 0.525%.

Looking at Singpaore offer tax free DPU compare to Malaysia withholding tax of 10%, long term still worth while.

Try to select REIT that can sustain during this head winds economy plus Real cheap REIT. One of my personal favorite is Ascott Residential REIT, Awarded Best Reit in Asia year 2015 by World Finance (check their company annual report). NTA 2015 SGD1.41, after private placement should be SGD 1.389. DPU 2014 SGD0.083, 2015 SGD0.0799. 2014 room occupancy rate of 79% and 80% for 2015, which is very good for hospitality REIT. 52 weeks high of SGD1.32 and lowest SGD1.05 on 16/3/16. Currently is SGD1.07 Which means is 23% discount for Asia top Residential REIT. Few analysts predict DPU for this year could increase to SGD 0.089 after Ascott acquire Sheraton with 5% below market price in USA.

Report out last week shows Singapore tourist arrival in Jan this increase by 5% and expect even better for February, which is another boost for Ascott. BBCC also has announced Ascott as their hospitality partner.

My info is just for sharing and could be wrong. Please consult or check thoroughly before you decide to invest.

I didn't follow TeoSeng Cap nor YTL land, can't comment. For long term, Suncon and WCT shall out perform. Main reason for investing in REIT not because it has the best return but it provide safe and reasonable good return especially when the bull already on the road for some time and looks tire. I doubt it can run for another 2 years. Hopefully the recent Foreign fund inversion can show me wrong.

Angie, looks like you are quite interested in REIT. Is a good choice if you are not a professional investor. the ranking of Risk:Return according to professional view are Low risk-low risk and high risk - high return. 1) Cash 2)FD 3) Bonds 4) REIT 5) Direct invest in Assets 6) Shares 7) Financial Derivative. The first 3 looks safe( with low return), but most people forgotten the Cash is facing very high risk of depreciation (due to inflation). Cash can purchase less thing after years. So, REIT is really for not a professional investor like me. Take a look at Singapore REIT like Ascott, Voted best REIT 2015 by World Finance. Adjusted NTA 1.389, current price 1.065. past 2 years DPU 0.083(2014), 0.0799(2015), few world known analysts predict 0.089 DPU for this year. Last year highest price was 1.32. Is 23% discount now. Only risk is current high SGD exchange rate.

Angielim, Arreit last quarter profit reported as RM33,426,000 or 5.83 sen per unit. Distribution of REIT does not depends on P&L but cash flow(you can they distribute only 1.6+ sen when their profit is 5.83, the extra should be unrealise profit not in cash). For normal Share, Share capital is define as total shares x Par Value where the capital cannot reduce without the approval from authorities. The normal share can accumulate profit and any new issue of shares have to pay at Par value where the extra will be consider as Premium. For REIT, The REIT is form by Unitholders Capital (RM 519M for ARReit) where technically the REIT not suppose to accumulate profit and have to distribute out to unitholders. Sometimes, the REIT may pay REIT manager salary in the form of new units resulting the total units increase but capital remain. The REIT have reduce the capital when the capital is not longer needed or excess after disposing a property. That's why they don't use Par Value.You can see all REIT don't state Par Value but only state Unitholders Capital. There is also no retain profit but only state undistributed distributable profit.

if WCT looks bullish and good outlook. Can consider WCT WE, expire in 2020. Conversion 2.07. This offer reasonably low risk vs return... which low capital high potential return.

When they said first normally means there will more to come... Sunway normally give twice a year!

Well angiechai, everyone have different priority. By the way, in neat future if you decide to invest something 'save' and If the Mqreit price still remain 'low'. It is one of the good REIT to consider, since most of the tenancy agreements are beyond 2020. Which is good for current headwind economy

from past record, the interim dividend date will announce in March

AX REIT. Never follow, can't comment. As invest_101 reminded. Just becareful of Oil crisis. If the rental sustainable, then will be good

As reit income is mainly from renting properties. The main criteria to consider investing in Reit is whether the rental is sustainable. The market price will depends on DPU and also DPU growth. Normally investors will pay lower price for low DPU growth reit. At current headwind market condition, carefully choose good REIT may give you a surprise return since most investors are exiting from share market. One good e.g. is SUNTEC REIT singapore, Price was SGD 1.95 mid last year drops to SGD1.5 in January. But DPU continues to increase by 10% each quarter. Last quarter paid out SGD0.0275 which is equivalent to 7.3% at SGD 1.51. After the last quarter paid, the REIT rally till today at high of SGD1.69.

Angielim9955, maybe you still don't catch the picture. Eg, if you own a 1 million warehouse (which heavy duty racking cost 300K and shop purchase at 700K). You rent it out for 7% per annum which is RM70k. For tax and accounting purpose, the depreciation period for racking is 5 years which is 60K a year. Shop depreciation is 2% a year or 14K. let assume no other cost involve. You will make 70K-60K-14K = -4K. a net loss of 4K after depreciation. Now check your Bank, do you 70k from rental ? for the losses, do you take out 74K or is just a book lose? Definitely you have 70K in bank and do not need to take out 74K for depreciation. So, if this is a REIT, minimum 90% of this 70K have to distribute out to shareholders. But nothing need to pay for depreciation loss and the company will still have positive cash flow. After 10 years, if you revalue the shop again, very likely the shop will appreciate instead of lower value. Then, this will adjust as revaluation profit and will show high profit in account, but again no money involve and cannot distribute out for this of paper gain. Hope is clear...

Asia88, last year MQreit total paid out about RM0.086. The REIT occupancy rate is almost 100% with only about 6% subject to renew tenancy and 7% next year. Current NTA more than RM1.3. RM1.12 is about 15% discount for property with more than 7% after tax return. If nothing major happen, this REIT will carry on giving good return. Unless you have other investments that give you better return and reasonably secure income

Under Malaysia REIT by laws, minimum 90% of the Cash in flow must distribute to unit holders. YTL REIT cash in flow still very stable as their properties in M'sia and Japan are lease out at fix rate for 15 years (with 5 yearly adjustment, which first increment will coming Nov). As for their Australia Hotels, all 3 hotels still making good money without losses. So, that's why YTL REIT still can give good dividend. If nothing go wrong, I'd expect total DPU for 2015/2016 higher than 2014/2015 cause the cash in flow is actually increase . Angielim, I'd think you should continue to hold this REIT if you don't need the cash urgently.

Angielim9955, In P&L, there are realise lost and unrealise lost. Realise means actually losing Cash flow causing cash reserve in hand reduce. Unrealise are those loses like valuation, currency lost but not transacted....But this kind of losses only on paper which do not involve cash flow out or do not causing Cash in hand reduce. The main reasons YTL REIT suffer paper losses are mainly due to loan in A$ and assets in A$. For eg, when A$ surge to RM3.3, YTL assets in Australia increase about 40% last year but the total loan equivalent to RM in A$ debt also increase ( But the assets increase still faster than A$ debt increase. That's why you see the assets suddenly increase to RM1.4/unit) but when A$ drop to around RM3, YTL REIT assets in Australia also reduce. But more importantly, these changes is only paper gain or loss which does not affect cash in hand.

if you are long term investor, why care about low price. Low price allow you to have more time to collect Real Cheap with high return property. Eventually, if the NTA & DPU keep going up. one day the price will go up to. Just hope it remains low for me to save more fund to buy..

dividend well received..

bonus units arising from revaluation! Theoretically, maybe can but not sure. No known of any REIT has done it and I think it serve no benefit since the price are very dependent of distribution (which is purely cash flow not asset). Surpluses of revaluation can only be realized only when the REIT dispose at gain and no further re invest. The gain (min 90%) will have to distribute to units holders in cash but not bonus units.

suncon promised to give 35% profit as dividend. base on Sunway track record, announcement should be in March

usually REIT will distribute out almost 100% cash flow (which minimum is 90%). Therefore, no much retain profit in cash for bonus....!

angiechai, I guess you referring to 5/2/16 announcement. This is normal REIT Management company receive management fee by means of share placement.

During bad times, most investors will switch from Shares to Reits for stable income. That's why Malaysia & Singapore Reits moving North the few weeks

hng33, Good move and good luck. Exactly 5 working days to credit into your account. Looks like very good support. Potential should be good when they list their properties as REIT later.

bought WC at 0.015 last Tuesday, conversion credited today and just sold RM1.6 at 14:44:10. Well absorb without problem. I think the counter soon will going North... For those still keep, good luck

Agreed Sin Chew simply comment, they said Sunreit closing down Pyramid East Hotel soon which will result income reduce. They didn't mention Sunreit going to open Pyramid West Hotel which the renovation is expecting to complete sometime in April. New renovated hotel will definitely bring better income compare to old East hotel.

MQreit with close to full occupancy rate certainly provide promising returns. YTL REIT 2014/15 gave out Rm0.0725 after 10% withholding tax is another high DPU reit. With 15 years leasing tenancy agreement for Malaysia & Japan Hotels. YTL REIT provide quite secure DPU.

Bought some WC at RMO.OO5 to convert. WCT plans to inject few properties into REIT by end of the year. Sure this will benefit the shareholders. Grab the opportunity if you can afford.

Leon, can convert to mother share by topping 1.54. your cost will be 1.59. Plenty of buyers at 1.63. I just sold quite a number at 1.63.

the way the market supported. should expect outstanding earning coming quarterly report.

Sunway still holds more 55% suncon who expected to out perform with the contract in hands for next three years. Contract prices are base on high material cost which now major material like steel are sharply falls. This will transit to high profit for Suncon and indirectly will increase Sunway profit. Just wait for coming quarterly report to proof this. by the way, Sunway NTA 3.8 seeling 2.94 is real bargain.

Heard unconfirmed news, Midvalley going to increase Car park charges. They have 150,000 car parks and is full during weekends. Just imagine increase RM1 per car. Their income may increase 27 million a year.

Few more Bn projects expected in few months time. Volatile now give you more chance to enter.

this is beauty of investment in REIT, which you will enjoy reasonably stable income. When REIT have positive cash flow, they have to distribute at least 90% eventhough they have deficit in P&L. Last quarter, YTL REIT has gain in foreign valuation in Subsidiaries (hotel valuation increase mainly due to Australia Assets) from 1.3509 in June to 1.4089 in September. But at the same time also loss in foreign currency due to AD262 million loan which cause them owing higher on book. 50+ million losses in Foreign exchange translate to about RM0.039 per share. Which means YTL REIT still have net gain of RM0.018 during last quarter due to Currency fluctuation. However, these changes will not affect their cash flow since both are unrealise gain and loss. Threfore, their distribution is carry out as usual.

NTA now is 3.8. Is real bargain. Sunway Pyramid, hospital, university, putra mall, Sunway construction, Sunway resorts ...........all Christmas offer, 20% discount on premium assets and company. Collect as much as you can afford and wait for harvesting time.

Xiao Mi, this is also my first experience. Yet to know whether the refund is to pay back for those who owns the units during 2013 January to 2015 June or all to current units holders. Total will be 6 quarters overpaid hotel building allowance before June 2015

ivan9511, During the first 30 minutes before 9am. 2.30pm and 5 minutes before 4.50pm. Is called matching time. Buyer will call an offer price and sellers will put a price. The lowest and the highest will start matching and decide the optimum price. So, the lowest seller price has a priority to sell compare to other who call a higher price. The same to buyer who call highest price has the priority to buy first. Normally the transaction will match in within.

angiechai, this is beauty of investment in REIT, which you will enjoy reasonably stable income. When REIT have positive cash flow, they have to distribute at least 90% eventhough they have deficit in P&L. Last quarter, YTL REIT has gain in foreign valuation in Subsidiaries (hotel valuation increase mainly due to Australia Assets) from 1.3509 in June to 1.4089 in September. But at the same time also loss in foreign currency due to AD262 million loan which cause them owing higher on book. 50+ million losses in Foreign exchange translate to about RM0.039 per share. Which means YTL REIT still have net gain of RM0.018 during last quarter due to Currency fluctuation. However, these changes will not affect their cash flow since both are unrealise gain and loss. Threfore, their distribution is carry out as usual.

Ivan9511, the yields of YTL REIT has been around 6.5-8% for past 6 years. Last net after tax given out was around 7.25 cents. If the price is 1.06, it translate into 6.83% yields. This year, the first quarter distribution stood the same, which means high change it will at least the same yields like last year.

MQreit is practising Half yearly dividend. Thats why no dividend yet

RM0.0192 DPU. withholding tax in Malaysia for individual is 10%. net distribution per unit is RM0.01728 for 1st Quarter

Let's hope for it.

During the last Sunway Managers conference held in Sunway convention hall on 6th November. Tan Sri mentioned that very likely Suncon will secure up to 3.5b new projects involving MRT, LRT & BRT in coming year.

Currently is waiting for IRB to refund Overpaid tax which is exempted under IBA. Hope can strike lottery soon.

When Stareit sold Lot 10, Starhill shopping lots.. To Starhill global REIT in 2010. The proceed is used to buy 8 hotels in Malaysia and 1 in Japan. These 10 hotels (+ JW Marion)are least back for 15 years to the vendors at rate of around 8% base on NTA, the least are with conditions to increase rental 5% for every 5 years till least expires in 2026. Since the income from Japan is fixed, when Yen depreciate to 2.8 it affects the income for past 2 years. Now, Rm is depreciate instead. We should expecting better income on the way since both Yen and Aussie are high now. Good luck for those still keep the units.

Patient, soon you will know you luckily still hold on to Suncon. Keep it up

IVKLSE, I guess you didn't follow the restructuring of Stareit in 2011 and change name to YTL reit after that. YTL reit lease all the hotels in Malaysia & Japan with 15 years tenure and increase rental every 5 years. Every year, YTL Reit annual report mentioned that 'the income for YTL a REIT in Malayisa does not depends on economy outlooks. So, don't worry about tourism industrial in Malaysia until the lease expire in 2026.