I’ve seriously never knew about unlisted REITs in Malaysia, until recently…but it is indeed not late…because it is the first in M’sia too.
The thing is, Paramount who previously was mulling about listing a REIT comprising of their educational assets…decided not to go thru the public listing path. (See here – https://reitmethod.com/paramount-reit/)
Instead, they went for unlisted REITs.
Details below:
This is rare but I spotted this in a shopping mall in Penang (under a renowned Singapore-based REIT manager)
For your eyes only, as I was doing ‘REIT property inspection’ back in Jun 2017.
The seizure of Personal Property for the satisfaction of a demand.
The process of distress, began at Common Law wherein a land-lord had the right to confiscate the chattels of a tenant who had defaulted on a rent payment.
A warrant of distress is a writ that authorizes an officer to seize a person’s goods. It is usually used in situations where a landlord has the right to obtain a lien on a tenant’s goods for nonpayment of rent.
Despite challenging office spaces rental market, Sunway REIT managed to grow its office segment Net Property Income (NPI) by 16%
Also, in spite of the competition from online retailing, it’s retail segment – comprising mostly of Sunway Pyramid and Sunway Carnival, NPI grew 8.2% y.o.y
Details below:
NPI (Net Property Income) up by 40% in Q1 2017 vs Q1 2016? How come?
It is no surprise, after the recognition of rental income from Menara Shell since 1 year ago.
This effect of this will be higher DPU, but investor will only reap this after another quarter, because MQREIT only distribute dividends half yearly.
That is not to say there are no challenges going forward (see below). It only means it is doing better than its peers like UOAREIT/TOWER REIT/AMFIRST REIT.
I still believe in the resiliency of retail REITs.
Just not CMMT for now, looking at how things had been and will be in the short-mid term.
Read for yourself.
If you need further reason why NOT to invest in office MREIT now or anytime soon, here is it.
For a REIT which has not achieved anything ‘spectacular’ since it was being listed, I’ll take such statement by the CEO with a grain of salt.
Are there better quality and better managed M-REITS? Of course, then I’d suggest you look elsewhere until ARREIT has got something solid to show.
Let’s see what ‘trophy’ property that will be in the portfolio by this year end (2017)
…if they are injected into the REITs by 2019 (I don’t see why it won’t since Sunway Medical Center is already in the portfolio)
As an advanced REIT investor, this is how we want to make educated guesses based on recent news, before most people realize it – we get in early and reap the rewards.
If you are already invested in MREITs, it is important to read this – whether your investments are impacted.
Note: you can easily get exposure to Asia Pacific/global REITs via a few REIT funds available in iFast. You can even invest in some using EPF Account #1. More details here – http://www.howtofinancemoney.com/2016/12/epf-unit-trust-investment.html
