ESR-REIT    Last:0.205    +0.005

Take a look at this

Aim and load.

http://www.henryhts.multiply.com

 

Distribution	Ex Date	Book Close	Paid/Payable	Particulars
CAMBRIDGE INDUSTRIAL TRUST
	DIVIDEND	15 Oct 2007	17 Oct 2007	7 Nov 2007	1JULTO17OCT07 SGD 0.0201 LESS TAX
	DIVIDEND	2 Aug 2007	6 Aug 2007	29 Aug 2007	010407-300607 SGD 0.0156 LESS TAX
	DIVIDEND	30 Apr 2007	3 May 2007	30 May 2007	010107 - 310307 SGD 0.01434 LESS TAX
	DIVIDEND	31 Jan 2007	2 Feb 2007	28 Feb 2007	011006-311206 SGD 0.01422 LESS TAX
	DIVIDEND	1 Nov 2006	3 Nov 2006	29 Nov 2006	250706 - 300906 SGD 0.01006 LESS TAX

 

hmm back to ipo price

 

3Q results and rather pleasant ;)

http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/5e6a271888432f8748257383005c4432?OpenDocument

http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/06203b2ef6df2b8248257383005af754?OpenDocument

 

TC, the distribution is done quarterly as stated in the prospectus.  I believe two distributions were done so if the annual dividend yield is 3.2% (example excluding special div), you are left with 1.6% for the remaining two distributions.  If you are going to invest in a short term, this may be the return you will get interms of its dividend.

 

Thanks taybc :). Then this REIT looks attractive, as the recent thick circular (book) that they sent to unit holders forcasted that after the enlarged portfolio, the DPU would be 5.6 cents (ref: page 12).

 

tradechancellor, distribution per unit, DPU, is like dividend.

 

For REITs, do they refer to the dividends as "DPU"?

 

Did I read it wrongly? I thought they are are selling 0.8 per share to institution. So when it falls, I bought some. Now I know they sold it at 0.7 per share. Oh. well.

 

SINGAPORE, Oct 17 (Reuters) - JPMorgan cut its price target for units of Cambridge Industrial Trust (CMIT.SI: Quote, Profile , Research) to S$0.875 from S$1.16, but kept its "overweight" rating, citing expectations that the firm's acquisition momentum will slow down due to the high cost of funding.

 

Thanks for the help Kilroy. Usually i've been rather confident about my judgement but recently got shell shocked and lost some faith in myself after making huge losses. Reasons that I felt CIT is good is that this REIT will own up to 40 industrial properties after expansion (ie issuing of new units in this case) and the dividends are quite attractive. Just got $187 into CPF even though i held it for a about 3-4 mths only! Also, the occupancy for all properties seem to be 100% if i remember correctly. Actually, i would like to hold it for longer term as dividends are good and would sell only if the stock rises substantially by say, 30%.

The downside to this counter, I feel is that most (or all?) properties have a lease for 30 years and some of these properties are already ticking to the 30 years. Under the law, if CIT wants to extend another 30 years, do they have to pay a "fee" or pay millions again? I'm not sure about the law on this aspect.

 

You own 15000 shares of CIT so it must be a good buy already.  :)

Is it good to hold for the next year?  My meat may be poison to you. :)

Maybe its worthwhile going back to the prospectus and review the list AND types of real estate they have and the $ generated from each of the lease for x years and figure if its a good buy in a longer term.  Also if CIT is to pay 3.26% (exclude special dividend for last full year result) for it dividend YoY (Year on Year), would that make you happy?  Lastly based on your one year term, you may want look at the investment clock and determine if down the road, will the rental continue to rise, stay stagnant or go down.

 

Hi Kilroy, please, I would like to seek your help in advising me, in your opinion, is cambridge a good buy in the medium term, ie, within the next 1yr++? Thanks! Vested 15 lots.

 

If you do not want to have to PUNT the market or keep second guessing where the stock price of a stock will go (which most of the time we get it wrong) but wants to reap a consistent percentage returns, do ReIT. 

Benefits of ReITs

• Income from rents is passed through to shareholders ( I believe its 90% of their taxable income to shareholders? ).
• As the real estate appreciates in value, the REIT becomes more valuable and its share price may rise.
• REITs can offer predictable income streams because of long-term lease agreements with tenants.

Downside risk

• Choose your ReITs real estate sectors carefully [COMMERCIAL, APARTMENTS, MALLS AND/OR OFFICE BUILDINGS] <-- This concentration leaves them vulnerable to a downturn in this particular sector of real estate.

Your best bet is to invest in more than one REIT and choose absolutely different real estate sectors.

 

If you look closely, most REITs are in consolidation phase recently so this one no exception I think. Am loading more bullets and wait for a good chance to enter.

 

retailers buying but KIM ENG and some inst. selling big blocks.  Could it be they are taking profit now with the new units available to them?

 

hmm still hovering around 0.75 price, not sure whether it will go up or down further

 

Time to grasp this counter!! High yield and good portfolio.

 

Buying on XD date will not entitle you any dividends or distributions.

 

If I am supposed to get the dividends if I buy now, then why is there a XD sign beside the price? I thought that I can get the dividend only if I buy during the CD, right? Or is this some kind of procedure particular to shares that are giving dividends and issuing new shares at the same time?