tag:blogger.com,1999:blog-7944902213075756335.post5759159933311711084..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Earth shattering news: Yoga, CIT's rights issue, Japan's earthquake and Saizen REIT.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7944902213075756335.post-53641119418973465732011-03-12T23:20:46.602+08:002011-03-12T23:20:46.602+08:00Hi iisterry,
Yes, I shared the link to Saizen REI...Hi iisterry,<br /><br />Yes, I shared the link to Saizen REIT's announcement in this blog post too. Not much said in that announcement as they were still trying to establish the extent of the damage to the properties in the affected areas.<br /><br />I am interested in knowing how many of the 28 buildings in the affected areas are still standing. If still standing, how much would it cost to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56771464668569048252011-03-12T23:04:03.407+08:002011-03-12T23:04:03.407+08:00You can also visit Saizen's Reit website for i...You can also visit Saizen's Reit website for information. I emailed the IR on Friday asking for a situation update release.<br /><br />The properties are roughly at 15% of total NAV. Rough projections on a straight line basis:<br /><br />Potential loss of revenue: $500,000,000 Yen<br /><br />Nett Income to Income Expense ratio will drop from roughly 2.4X to 1.7X.<br /><br />If DPU were to be iisterrynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52846409561687501312011-03-12T15:22:31.346+08:002011-03-12T15:22:31.346+08:00Hi Ken,
The annual reports list all of Saizen REI...Hi Ken,<br /><br />The annual reports list all of Saizen REIT's properties in Japan by cities and by portfolio. Each property's value and rental income are clearly stated as well. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26383648044043076732011-03-12T12:59:27.266+08:002011-03-12T12:59:27.266+08:00Hi AK
Where did u obtain the projected figures of...Hi AK <br />Where did u obtain the projected figures of NAV n dpu in cases where saizen properties in the affected areas are discounted off?Kennoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1792420136712054972011-03-12T00:52:28.109+08:002011-03-12T00:52:28.109+08:00Hi Anonymous,
In such cases of massive destructio...Hi Anonymous,<br /><br />In such cases of massive destruction such as in the case of Katrina in the USA, insurance would cover unless the insurance companies want to be branded pariahs! <br /><br />Now, the more important question is how much is insured. It was revealed that the Kobe quake was bad as most assets were underinsured or not insured at all. I shall cross my fingers too. :)<br /><br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84719384791350137452011-03-11T23:44:37.639+08:002011-03-11T23:44:37.639+08:00Most insurance does not covers "act of god&qu...Most insurance does not covers "act of god". I certainly hope things are fine as well. Keeping my fingers cross.Anonymousnoreply@blogger.com