tag:blogger.com,1999:blog-7944902213075756335.post2278134037634565983..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Sabana REIT: 4Q 2012 DPU 2.41c.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7944902213075756335.post-56849926171305442172013-04-25T12:11:25.462+08:002013-04-25T12:11:25.462+08:00Hi JCK,
Thanks for sharing the response from Saba...Hi JCK,<br /><br />Thanks for sharing the response from Sabana REIT's managers.<br /><br />So, I guess we will have to wait until July for a report from them on the renewals.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23660601939836442932013-04-25T08:53:59.757+08:002013-04-25T08:53:59.757+08:00Reply from Saban IR
Thank you for your email and ...Reply from Saban IR<br /><br />Thank you for your email and my apologies for the late response as we were experiencing trouble with the mailbox on our website. Here are our responses to your questions:<br /> <br /> <br /> <br />1. In regards to the Manager’s fees – they have increased due to the five acquisitions made in 2011 and one in 2012. When properties are acquired, the Manager is JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16644776256346303242013-04-21T18:21:17.234+08:002013-04-21T18:21:17.234+08:00Hi JCK, interesting, why they don't reply ques... Hi JCK, interesting, why they don't reply question 2?AhJohnhttps://www.blogger.com/profile/07927395374670213105noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18901883078780898422013-04-19T22:39:47.340+08:002013-04-19T22:39:47.340+08:00Hi JCK,
If you have any reply from them regarding...Hi JCK,<br /><br />If you have any reply from them regarding the lease renewals, please feel free to share with us here. Thanks. :)<br /><br />I am too busy and exhausted to blog these few days. So, will have to depend on readers' contributions. ;p<br /><br />You might be interested in this:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2012/06/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35885671614321440422013-04-19T08:55:02.337+08:002013-04-19T08:55:02.337+08:00Manager's fees pt 2
The Manager is also enti...Manager's fees pt 2<br /><br /><br />The Manager is also entitled to:<br />k 1.0% (or such lower percentage as may be determined by the Manager in its absolute<br />discretion) of the acquisition price of real estate or real estate-related assets acquired<br />directly or indirectly, through one or more SPVs, pro rated if applicable to the proportion of<br />Sabana Shari’ah Compliant REIT’s JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51616933504142305432013-04-19T08:52:07.324+08:002013-04-19T08:52:07.324+08:00Manager's Fees
For so long as Sabana Shari’ah...Manager's Fees<br /><br />For so long as Sabana Shari’ah Compliant REIT is listed, the Manager is entitled under the<br />Trust Deed to the following management fees:<br /><br /> a base fee not exceeding the rate of 0.5% per annum of the value of the Deposited<br />Property, payable on a quarterly basis; and<br /><br /> a performance fee equal to the rate of 0.5% per annum (or such lower JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41532327385939741702013-04-19T08:07:58.028+08:002013-04-19T08:07:58.028+08:00Posted to Sabana IR
Wonder of they will reply?
&q...Posted to Sabana IR<br />Wonder of they will reply?<br /><br />"First of all, congratulations on the improved performance on last years Q1.<br /><br />A few concerns<br /><br />a)Manager's fees (5,491) (4,358) (26.0%)<br /><br />The Manager's fees has increase considerably by 26%. How are these fees awarded?<br /><br />b) Weighted average master lease duration(by gross revenue)<br />JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2979042521080521772013-02-05T16:45:40.727+08:002013-02-05T16:45:40.727+08:00Hi Connie,
I didn't do anything. Like always,...Hi Connie,<br /><br />I didn't do anything. Like always, I was just talking too loudly to myself. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79819808285116089812013-02-05T16:41:06.432+08:002013-02-05T16:41:06.432+08:00Thks for the prompt reply AK!
一言惊醒梦中人:))Thks for the prompt reply AK!<br />一言惊醒梦中人:))conniebabehttps://www.blogger.com/profile/13173709467206353923noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90097418472506014132013-02-05T16:20:22.406+08:002013-02-05T16:20:22.406+08:00Hi Connie,
How to calculate when to sell? Er... S...Hi Connie,<br /><br />How to calculate when to sell? Er... Sounds like a question in Astrology 101. ;)<br /><br />The answer is inside you. :)<br /><br />See:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2013/01/five-steps-to-take-in-reit-investment.html" rel="nofollow">5 steps to take in REIT investment.</a><br />and<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2011/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74731702999563983652013-02-05T16:10:18.629+08:002013-02-05T16:10:18.629+08:00Hi AK,
Sabana go higher to 1.215 today. I would v...Hi AK,<br /><br />Sabana go higher to 1.215 today. I would very much want to keep the Reits as it pay be more than 9% yield, but not sure how to calculate when to sell the Reits for capital gain instead?<br />conniebabehttps://www.blogger.com/profile/13173709467206353923noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69668280577576573842013-01-23T22:16:30.606+08:002013-01-23T22:16:30.606+08:00Hi FoodieFC,
Indeed, from the 3rd year onwards, S...Hi FoodieFC,<br /><br />Indeed, from the 3rd year onwards, Sabana REIT could reduce income distribution by 10%. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18534423964921402022013-01-23T21:41:27.154+08:002013-01-23T21:41:27.154+08:00also the DUP likely to go down as they do not need...also the DUP likely to go down as they do not need to give 100% as dividends. FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10440159486143902842013-01-19T15:05:36.465+08:002013-01-19T15:05:36.465+08:00Nice nice!
gOOD LUCK TO ALL!Nice nice! <br />gOOD LUCK TO ALL!JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40759086686359869752013-01-18T09:44:04.589+08:002013-01-18T09:44:04.589+08:00Hi SnOOpy168,
I think they won't have much of...Hi SnOOpy168,<br /><br />I think they won't have much of a challenge renewing the contracts expiring this year as the heightened increase in the supply of industrial space would really kick in sometime in 2014/2015. <br /><br />Rental reversions could be marginally positive given difficult business conditions.<br /><br />Once they manage to get this issue out of the way, we could see further AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86604242119262614632013-01-18T09:16:21.597+08:002013-01-18T09:16:21.597+08:00红包 for us.
Not familiar with the leasing aspect ...红包 for us. <br /><br />Not familiar with the leasing aspect of commerical property market but I do believe that pre-expiry renewal discussions takes place months ahead. Hopefully with some upside on the rental too.<br /><br />Otherwise, keeping up with the 8.x% yield is going to be tough for the world largest listed Shari'ah Compliant REIT with S$1.13b assets.<br /><br />I have faith in this SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.com