Posted by gforce2 > 2017-09-07 20:59 | Report Abuse

The purchase consideration, it said, will be funded via a medium-term note programme with RM450 million notes issues and internally generated funds of RM5 million.
...

The good news is, they're buying the asset below market price (13% discount). ARREIT has a strong backer in Kenedix Asia.
Bad news is, they're now almost at debt limit (49.1%), since this purchase is done almost completely with borrowings.

Posted by ks55 > 2017-09-07 21:42 | Report Abuse

Unlike MRCB that uses MQReit as ATM, ARReit Managers did a very good job by securing prized asset with favorable price (or should say big 13% discount), taking unit holders' interest above their own.

Why Vista Tower a good buy?
1. Class A office in the vicinity of KLCC Twin Tower only selling at RM 824psf. Where else can you get this type of bargain?
2. Immediately upon completion of deal, ARReit can recognise RM 67.1m unrealised gain for FYE Dec 2017. In addition, ARReit shall receive RM 9.18m over 24 month payment (or RM 382.5k a month) as distributable revenue.
3. Why vendor willing to sell Vista Tower below market value?
3.1 Lifespan of Private Equity Fund (owner) set up by Blackrock Inc is expiring in 2017. Vista Tower must be sold within this year.
3.2 Right now office space glut does not permit Balckrock Inc to ask for premium price.
4. LRT and MRT2 link directly to Tower Vista. It is therefore easy access to TRX, Bandar Malaysia, High Speed Rail, Bukit Bintang.
5. Any property that has direct access to MRT/ LRT will appreciate in value. So by 31 Aug 2020, Vista Tower should at least double in value. Is it that difficult to fetch a price tag of RM 1650psf then?
6. No RI proposed. So present Unit Holders need not foot out additional money.


All in all, I would expect ARReit price will respond positively tomorrow.
Good luck to all........

Posted by ks55 > 2017-09-08 09:22 | Report Abuse

Rental for office space at Vista Tower around RM 7.50psf per month or RM 90 per annum.
At RM 824psf, it works out to be 10.9% gross.
Total rental will be around RM 50m a year, if 100% rented out.
Currently 74.4% leased should give RM 37.2m if maintained.

I am confident with the Japanese Partner as Property Manager, it won't be difficult to get a 95% occupancy rate...........

Posted by hongweigiet88 > 2017-09-10 23:54 | Report Abuse

https://hongweigiet222.wixsite.com/website/single-post/2017/09/10/Malaysia-REIT

Posted by tauruslau > 2017-10-13 11:54 | Report Abuse

@cong5895 Yes, dividend received.

Posted by HamzahB > 2017-10-13 12:04 | Report Abuse

Received.

Posted by goldisgold > 2017-10-15 11:08 | Report Abuse

Just realized ARREIT website has been upgraded to user and investor friendly..

Posted by ikah > 2017-10-30 12:22 | Report Abuse

this counter.ding dong at price 0.92-0.97

Posted by Booyah > 2017-12-12 17:27 | Report Abuse

WHOA GAP DOWN...WTF

Posted by lalalila > 2017-12-12 17:42 | Report Abuse

why drop? Is that dividend ex-date? (Newbie)

Posted by Booyah > 2017-12-13 22:58 | Report Abuse

Not too sure. Could be people not happy with the meeting outcome?

Posted by ks55 > 2017-12-15 10:23 | Report Abuse

ARReits disposal of Silver Bird Factory for 105m is a good move.
Visited the site recently.
Found that the factory facade had deteriorated so much.
Hard to find tenant at present difficult time.
At least can save 5m interest each year to help boost earning by same amount.......

Posted by Mohd Fahmi Bin Jaes > 2017-12-17 07:50 | Report Abuse

Not trend

Posted by zillionkoh > 2018-01-05 14:46 | Report Abuse

London Bridge is falling down
Falling down, falling down
London Bridge is falling down
My fair lady

Posted by Booyah > 2018-01-11 16:26 | Report Abuse

Gained >200% return over the years just with dividend alone.

Posted by goldisgold > 2018-02-01 13:40 | Report Abuse

Silver Bird factory should have been disposed off sooner. Sitting there for so long not generating income.

Posted by pakatan_harapan2 > 2018-02-01 13:43 | Report Abuse

If you think is rubbish how abt the buyer who must pay think is gold?

Posted by goldisgold > Feb 1, 2018 01:40 PM | Report Abuse
Silver Bird factory should have been disposed off sooner. Sitting there for so long not generating income.

Posted by Booyah > 2018-03-06 15:57 | Report Abuse

today ex-date drop so much

Posted by ks55_ > 2018-03-18 19:58 | Report Abuse

Sell. 70 sen coming.

Posted by cong5895 > 2018-04-10 09:57 | Report Abuse

anyone can share agm story?

Posted by yongch > 2018-04-10 17:53 | Report Abuse

Tmrw AGM think no good lo....

Posted by CSS1234 > 2018-04-11 22:41 | Report Abuse

Sep nta1.1983,dec nta 1.2735.mar nta 1.3884.will paid more dividend next few quarter because silver bird fcctory is sold ，will saved million of interest per quarter!

Posted by yongch > 2018-04-14 07:21 | Report Abuse

Selaying mall like ghost mall,Sold shah Alam factory but bought in jln ampang Big Office Tower pay even more interest to bank lo n more high debts!!!!Worst coming TunRazak Exchange,BBCC,Bandar Msia,PNB118....more n more hundred thousand of office unit coming in 3yrs soon!!!!better sell n run faster before too late lo!!!

Posted by cong5895 > 2018-04-14 10:15 | Report Abuse

sad to admit it, office retail is over supply, cut loss yesterday.

Posted by ks55 > 2018-05-26 10:58 | Report Abuse

Silver Bird Factory disposal completed on 25 May 2018.
Now we can look for better DPU for quarter ended June 2018.

Posted by slng > 2018-06-05 10:04 | Report Abuse

Quarter Result on 31-Mar-2018[#1] QoQ - 52.45% YoY - 802.65%. What else you need to know? More surprise coming with cash on hand!

Posted by CSS1234 > 2018-06-29 17:49 | Report Abuse

Look like 1.8ct div next quarter wth 90% paid out

Posted by CSS1234 > 2018-08-30 18:02 | Report Abuse

1.94 div...wo w

Posted by naruko > 2018-08-30 19:10 | Report Abuse

good

Posted by tauruslau > 2018-08-31 13:12 | Report Abuse

nice div，hope can maintain every quarter

Posted by cong5895 > 2018-08-31 15:38 | Report Abuse

Good result with good dividend.

Posted by derricksyl > 2018-09-03 08:05 | Report Abuse

TP - 0.90 - 0.95

Posted by lsj89 > 2018-09-07 15:44 | Report Abuse

another reit under my portfolio!

Posted by lck1300 > 2018-09-18 15:22 | Report Abuse

anyone know what happen to hotel holiday villa alor setar ?
already close right ?
hotel booking website all say already close ....
so management need to find new tenant for this building if not will be vacant .........

ARREIT website said Lease period 11.5 years commencing from February 2007 so the tenant is end at 2018/08 , will this gonna effect the next QR if continues vacant?

and the Selayang mall is like nothing new just restaurant and retail shop , now usually shopping mall provided 1 stop for buying groceries , movie , restaurant , and shopping experience , i'm not local resident so i can only get the information from website , just sharing and if i'm wrong please correct me , thanks

Nearest mall is Selayang Capitol komplek with LFS theater , but seem like it also old and alot vacant unit and nothing upgrade inside it ......

Posted by cong5895 > 2018-09-18 20:16 | Report Abuse

management want to dispose few assets if not mistaken, hotel villa alor setar is one of the assets.
this reit asset is very mixed, performance is up and down, not stable like normal reit.

Posted by bankrupt > 2018-09-19 04:56 | Report Abuse

Who buy who die. So many loans cannot settle. RI next?

Posted by CSS1234 > 2018-10-01 15:32 | Report Abuse

will give 1.55，even without alor star...

Posted by tauruslau > 2018-12-02 18:45 | Report Abuse

lower than 1.55, only 1.35

Posted by Luodi > 2019-01-28 15:17 | Report Abuse

Hmm poor arreit

Posted by FlyFly > 2019-03-21 16:30 | Report Abuse

The dividend not bad a, newbie buy reit better, safe

Posted by 劉尹光 > 2019-05-02 09:53 | Report Abuse

yea div is ok.. hope coming qtr result will give postive news.

Posted by newages00 > 2019-09-17 15:21 | Report Abuse

today buy for eligible for dividend

Posted by sg999 > 2019-09-17 23:53 | Report Abuse

yesssssss

Posted by 8888_ > 2019-09-19 12:13 | Report Abuse

Drop worse than dividend paid why good?

newages00 today buy for eligible for dividend
17/09/2019 3:21 PM

Posted by sg999 > 2019-09-19 20:30 | Report Abuse

buy low.

Posted by Kalaihselvan Krishnan > 2019-09-20 13:08 | Report Abuse

Bought at 0.78

Posted by sg999 > 2019-09-24 20:30 | Report Abuse

cheaper!!!!

Posted by patling63 > 2019-09-25 11:15 | Report Abuse

52 weeks lowest at 0 755

Posted by Wen Huei > 2019-09-25 17:27 | Report Abuse

why keep drop ah ?

Posted by patling63 > 2019-09-25 17:34 | Report Abuse

Provide you opportunity to buy super cheap