Posted by speakup > 1 month ago | Report Abuse

best mall reit: igbreit
best office reit: ouareit
best industrial reit: axreit
best hospital reit: alaqar
best diversified reit: sunreit

buy only the best, forget the rest!

Posted by speakup > 1 month ago | Report Abuse

Results out monday

Posted by speakup > 1 month ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3324450
OMG!
5sen dividend!

Posted by 10bagger10 > 1 month ago | Report Abuse

Dividend yield?

Posted by Pinky > 1 month ago | Report Abuse

About 5.5% net yield at current price

Posted by speakup > 1 month ago | Report Abuse

5.8% to be exact
4.22sen in Q2 + now 5 in Q4 = 9.22
0.0922/1.59 = 5.8%

Posted by Pinky > 1 month ago | Report Abuse

When you want to discuss about divvy yield, it's better to discuss in net terms. As you want to compare to other dividend stocks e.g. Maybank, PCHEM etc which is already distributing net of tax.

Posted by Pinky > 1 month ago | Report Abuse

1.59 is cum dividend/distribution
Coming divvy is 5 sen
Full year 4.22 + 5 = 9.22
Net is 9.22 x 90% (roughly la, just ignore the tiny non-taxable portion) = 8.3 sen

8.3 sen / (1.59 - 0.05) = 5.3896%

Posted by speakup > 1 month ago | Report Abuse

good performance! dividend back to pre covid pandemic levels

Posted by Pinky > 1 month ago | Report Abuse

Got me thinking to switch from Axis to Sunway. Hmm...

Posted by pang72 > 1 month ago | Report Abuse

Good job. Another 5c dividend

Posted by Peace99 > 1 month ago | Report Abuse

Agreed....Good New Year Hong Bao!!

Posted by speakup > 1 month ago | Report Abuse

https://themalaysianreserve.com/2023/01/30/sunway-reit-tripled-4q-net-profit-to-rm51m/

Posted by pang72 > 1 month ago | Report Abuse

Sunway REIT CEO Datuk Jeffrey Ng said as a result of the improved financial performance and cash flow, Sunway REIT has increased its income distribution payout to 100% in 4Q22 and endeavour to maintain an income distribution payout of 100% in FY23.

Commenting on the outlook, he added, “Sunway REIT maintains a positive outlook for FY23, underpinned by stable domestic economic growth, sustained growth momentum for the Retail segment, further recovery in the hotel segment as well as full-year income contribution from Sunway Carnival Mall (New Wing) and Sunway Resort Hotel.”

Posted by pang72 > 1 month ago | Report Abuse

Good year ahead!

Posted by Pinky > 1 month ago | Report Abuse

One of the best-managed MREITs

Posted by ampabella > 1 month ago | Report Abuse

hor sei leow, long time no give 5 cts dividend, very very cantik

Posted by xiaoGinna6969 > 1 month ago | Report Abuse

0.05 div is for 6 months instead of the usual quarterly ones ah

Posted by pang72 > 1 month ago | Report Abuse

Up7c..
I will not look down on reit today onward

Posted by speakup > 1 month ago | Report Abuse

reits all coming from low base

Posted by Ahboy96 > 1 month ago | Report Abuse

nice dividend pay out

Posted by unicornbird > 1 month ago | Report Abuse

I see that the Total share increase about 2% per year, for past 10 years.
Does the REIT pay the management by issuing 2% extra shares yearly?

Posted by speakup > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2023/02/05/exciting-deals-at-sunway-theme-parks-mega-roadshow?utm_medium=thestar&utm_source=secpmnewslisting&utm_campaign=Sunway+Lagoon+05Feb23

Posted by speakup > 1 month ago | Report Abuse

ex today
yippeeeee 5sen dividend comin

Posted by speakup > 3 weeks ago | Report Abuse

https://www.theedgemarkets.com/node/655016

Posted by Pinky > 3 weeks ago | Report Abuse

Nice price to top up today

Posted by speakup > 2 weeks ago | Report Abuse

Undervalued

Posted by speakup > 4 days ago | Report Abuse

https://www.theedgemarkets.com/node/659476
besok limit up!

Posted by hhhiii123 > 4 days ago | Report Abuse

Giant is shrinking supermarket, is it bad decision?

Posted by speakup > 4 days ago | Report Abuse

It's good.
Besides they get slight over 10% discount on the properties. Bulk buying, get discount

Posted by hhhiii123 > 4 days ago | Report Abuse

But if you visit giant before, you will notice that beside it own supermarket, most of the shoplot are vacant. Most of the big chain brand store also not there, I really doubt how they recover the capital injection lol. Currently giant is operate at free parking but not able to attract more patron, if they remove free parking they may lose regular customers. Let's how they rebrand it...

Posted by speakup > 4 days ago | Report Abuse

What Giant u go? The Giant near my place not like that, very few empty shops

Posted by anthonytkh > 4 days ago | Report Abuse

I’m actually more interested in the reasons EPF sold instead of SunREIT buying. We’ve read SunREIT’s reasons for buying but nothing from EPF thus far…

Posted by hhhiii123 > 4 days ago | Report Abuse

Giant kelana jaya, giant subang, ghost mall lol

Posted by speakup > 4 days ago | Report Abuse

For those of us who bought cheap, this sunreit is giving us over 6% per year

Posted by InvestIcon > 4 days ago | Report Abuse

These 6 properties Sunreit bought are with Triple Net Leases, and all with remaining more than 5 years to 10 years. Average rental is net 8% (since is Triple Net lease) and with 12% discount. If GCH (Giant) wants to terminate the leases, they have to pay all outstanding Terms rental. So, Sunreit has not issue to have good rental rate from these properties for next 5-10 years. So, why worry now, We enjoy good DPU first for 5-10 years first.

Posted by InvestIcon > 4 days ago | Report Abuse

Kinrara Giant. Purchase Price RM130m. Net Rental per year RM9,852,336. or 7.578%, currently is 11-15 years term. Leases is 30 years, Rental increment about 9% every 5 years. Termination condition subject settle full 30 years rental

Posted by InvestIcon > 4 days ago | Report Abuse

Putra Heights Giant, Purchase Price RM60m, Net Rental/year RM5,386,572. or 8.9%. currently is 11-15 years term. Leases is 30 years, Rental increment about 9% every 5 years. Termination condition subject settle full 30 years rental

Posted by InvestIcon > 4 days ago | Report Abuse

USJ Giant, Purchase price RM80m,Net Rental/year RM8,187,888.60 or 10.2%. currently is 9-10 years term. Leases is 15 years, After 1o years Rental increment about 10% for last 5 years. Termination condition subject settle full 15 years rental

Posted by InvestIcon > 4 days ago | Report Abuse

Klang Giant, Purchase Price RM 65m. Net Rental/year RM4,590,864. or 7%. currently is 1-5years term. Leases is 10 years, Rental increment about 7.65% for term 6-10 years. Termination condition subject settle full 10 years rental

Posted by InvestIcon > 4 days ago | Report Abuse

Ulu Klang Giant, Purchase Price RM45m,Net Rental/year RM3,826,540 or 8.5%. currently is 1-5 years term. Leases is 10 years, Rental increment about 10.4% for year 6-10 . Termination condition subject settle full 10 years rental

Posted by InvestIcon > 4 days ago | Report Abuse

Plentong Giant, Purchase Price RM140m,Net Rental/year RM10,279,123. or 7.3%. Currently is 1-5 years term. Leases is 10 years, Rental increment about 10% for year 6-10 . Termination condition subject settle full 10 years rental

Posted by InvestIcon > 4 days ago | Report Abuse

These locations are all prime locations which Sunreit may decides to upgrade for other purposes once leases with Giant over. News also reported GCH may dispose Giant to new buyer. Who ever take over, will still have to bear the full terms leases rental. So, good or not is individual judgement

Posted by speakup > 4 days ago | Report Abuse

honestly, IMO it's good purchase. not great, but good.

Posted by speakup > 3 days ago | Report Abuse

https://www.thestar.com.my/business/business-news/2023/03/17/sunway-reit039s-retail-expansion-to-be-earnings-accretive

Posted by looiting > 3 days ago | Report Abuse

All these lands can be used for future commercial development if feasible

Posted by speakup > 3 days ago | Report Abuse

https://klse.i3investor.com/web/stock/analysis-price-target/5176

TP range from 1.55 to 1.87. If take Average is 1.71

Posted by InvestIcon > 5 hours ago | Report Abuse

https://dividends.my/sunreit-5176/.
Historically, Sunreit pays highest dividend 9.59 in 2019 and the price in 2019 was 1.9+. which yields about 5%.
Last year Sunreit pays total 9.22 dividend which is one of the few over 9c per annum. Interesting is 2H 2022 pay out is 5c which highest in record for half year dividend. Higher dividend due to better Revenue from Hospitality sector and also November opening of SMC in Penang which contribute partly to Q4 2022 income.

Posted by InvestIcon > 5 hours ago | Report Abuse

As Q4 2022 income is averagely much higher than first 3 quarters. I believe year 2023 will have much higher average quarterly income since 1)SMC Penang will pays full year rental, 2)Better crowd in Shopping mall, Resorts and Hotels. 3) New Suites and Nursing Rooms which currently under renovation in 18th Floor Sunway Resort and will lease to SMC end of this year. 4) part contribution from recent 6 properties acquisitions from EPF which will accrete higher DPU due to average 8.2% net rental. If base on min 5 cents unchanged DPU for half year and 2023 pay out 10 cents. At 1.56, the yields is 6.4% before withholding tax or about 6% after minus withholding tax. With the contribution from The 4 income above, very likely 2023 will be around 11c or more. This will translate to 7.05% before tax and average 6.7% after withholding tax. I think this is extremely good FD if compare to EPF besides the principal will growth with Sunreit

Posted by speakup > 3 hours ago | Report Abuse

IMO this is the best REIT. Very stabil and diversified.
Too bad they selling SMC but for exposure to healthcare can buy some Alaqar REIT