ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

Potential Singapore REIT Reforms

I read with great interest this week’s Edge article the REIT Reform.

Apparently MAS is studying the regulation of REITs and there are several proposals being brought up.

I believe a few incidents have led to this, such as the acquisition of Ocean Financial Center by Keppel REIT and also the use of internally financed rental support for Capital Commercial Trust’s acquisition of Twenty Anson.

http://www.investinpassiveincome.com/pot...t-reforms/

Accumulations being continued.

Many realise this is a gem now.

The effect of NAC new rental rate with Toshin is being felt now.

No looking back now.

0.675 is new high for this counter after right issue 2 years ago. Price move north with increased vol.

NPI for 2Q 2012 up 4.4% to $37.1m over 2Q 2011
– Due mainly to the stronger performance of the Singapore property portfolio
 2Q 2012 DPU of 1.08 cents, translating to annualized yield of 6.53%
– DPU increased 3.8% over 2Q 2011 despite ongoing redevelopment work at
Wisma Atria
 Asset redevelopment progress at Wisma Atria, Singapore
– All Orchard Road fronting stores have commenced operations
– ROI based on annualized incremental NPI of approximately 12.8% exceeded initial
projected ROI of 8%
 Occupancy for the portfolio remains high at 99.5%
– Rental demand in quality locations remain strong
 Strong capital base
– Gearing of 30.5%
– No debt refinancing until 201

Wisma Atria AEI contributes more than 12% ROI instead of 8% which was originally predicted.

This one solid , XD today but share price still unchanged.

AIA bought 460,000 shares on 03 August .