http://reits.a-z-finance.net Learn about Malaysia, Singapore and Worldwide Real Estate Investment Trusts (REITs),its purpose as an investment vehicle for using in both personal and corporate finance strategy Wed, 18 Nov 2009 05:33:46 +0000 http://backend.userland.com/rss092 en Recently, there has been a reshuffling where Axis has named Nabhesh Khanna as chief executive officer Nabhesh is an Indian national who had over 18 years of experience, including two years of production experience in industrial products in multinational companies. Meanwhile, Managing director Datuk Dr Aw Yuan Meng had been redesignated vice-chairman http://reits.a-z-finance.net/new-ceo-in-axis-reit/ Mah Sing Group Bhd has been named “Best Developer” in the Euromoney Real Estate Awards 2009 organised by Euromoney Liquid Real Estate magazine.The award canvasses the opinions of real estate developers, advisors, financial institutions, investors and end-users worldwide. Mah Sing group managing director and chief executive Tan Sri Leong Hoy Kum ... http://reits.a-z-finance.net/mah-sing-named-best-developer/ Among the potential REITs that may list on Bursa Malaysia next year are Sunway City Bhd's (SunCity) REIT and Singapore's CapitaLand Ltd REIT. (Currently, Malaysia has 13 REITs listed on Bursa Malaysia with an estimated market capitalisation of RM4.1 billion as at January 2009.) According to REITs experts, the present high ... http://reits.a-z-finance.net/some-potential-reits-which-might-be-listed-on-bursa-malaysia-2009/ Trading firm Itochu Corp plans to buy Nippon Residential Investment Corp and merge it with its own real estate investment trust to make the fourth-largest listed REITItochu plans to combine Nippon Residential with its REIT, Advance Residence Investment Corp, to improve investment efficiency. The deal would be the first merger ... http://reits.a-z-finance.net/itochu-corp-to-buy-nippon-residential-investment-corp/ Am ARA REIT Managers Sdn Bhd , property Manager announced the financial performance of  its AmFIRST Real Estate Investment Trust (AmFIRST):- ·          Posted revenue of RM23.65 million for the first quarter ended 30 June 2009, a 5 per cent increase from RM22.52 million registered in the previous corresponding quarter. Net property ... http://reits.a-z-finance.net/first-quarter-2009-financial-performance-for-amfirst-reit/ CEO, Liew Mun Leong of  CapitaLand,Southeast Asia's largest property developer CapitaLand announced that the company is to:- deploy S$1 billion of S$1.8 billion (S$1 = RM2.44) in capital raised from a recent rights issue to its businesses in China, Vietnam ... http://reits.a-z-finance.net/capitalands-utilization-of-its-recent-rights-issue/ Commerce International Merchant Bankers Bhd(CIMB) failed in its second attempt to recover its loan to Metroplex Bhd by auctioning the company’s property. Details: Auctioned property: Putra Place, which houses The Mall shopping complex, the five-star Legend Hotel and an office tower. Its reserve price was set at RM634.5 million.  The Mall comprises eight levels ... http://reits.a-z-finance.net/metroplex-bhd%e2%80%99s-property-second-time-failed-to-be-auctioned/ According to the latest Asian Public Real Estate Association's weekly REIT report, Asia's REIT industry has a market capitalization of USD58.86bil, with Japan taking the lead with USD30.5bil Malaysia with 11 REITS has a USD1.43bil in market capitalization which is way behind others like Singapore (USD15.1bil); Hong Kong(USD8.3bil); Taiwan(USD1.53bi) and Thailand(USD1.52bil) [ ... http://reits.a-z-finance.net/reits-statistics-of-asian-pacific-region/ It would be interesting note that at 18 August 2009, the total returns from the eleven(11) Malaysian REITS are as follows: REITS PERFORMANCE AGAINST LAST YEAR Lowest Price Last Year Name Close @ 19/8/09 Increase agst Last Year's Low Dividend Yield 1.00 Axreit 1.78 79% 8.60 0.73 Hektar 1.11 52% 9.20 0.88 UOAreit 1.25 42% 8.00 0.83 TWRREIT 1.13 36% 8.30 0.99 BSDreit 1.32 33% 8.40 0.74 Amfirst 0.95 29% 9.30 0.60 Atrium 0.77 28% 10.90 0.78 ALAQAR 0.97 24% 8.40 0.80 Qcapita 0.98 23% 7.70 0.70 Stareit 0.85 21% 8.10 0.68 Arreit 0.76 12% 9.30 Some of the REITS had bounced back from their lows in December last year and some are ... http://reits.a-z-finance.net/total-returns-from-reits-18-august-2009-versus-last-year/ As discussed earlier, Malaysian reits have been disadvantaged by the following existing unfavorable witholding tax rate: foreign institutional investors especially pension funds and collective investment funds receiving income fro REITs listed in Bursa Malaysia are currently subject to a final witholding tax rate of 20% for 5 years; and non-corporate investors including ... http://reits.a-z-finance.net/updates-on-witholding-tax-rate-on-malaysian-reits/