Actual earning is increasing, but it show less profit(due to depreciation of the 3 freehold hotel properties). distributable income per unit is 2.2 sen...so it combine four quarter 2.2*4=8.8 sen distributable.
The Board of Directors of Pintar Projek Sdn Bhd, as the manager of the Trust (“Manager”), wishes to announce that the Manager has decided to revise the period by which income distributions must be paid to unitholders from within two (2) months to within three (3) months of the end of the relevant distribution periods. The notice to unitholders to give effect to the Change in Payment Period will be dispatched on 31 May 2013.
The management also not really appreciate their share holder,suppose must give each share holder a free room at JW Marriott at least per year ma.If not,who the hell know how good their management been carry out so far?
as a reit they are required to give dividend payout since they already declared profit. called them to enquire. as expected they are keeping mum about the announcement, but said the directors will be holding a meeting to discuss about it.
i already have sunreit. but to be fair to others, i wouldnt recommend buying more now as the price keeps dropping badly. but maybe it'll stabilise soon.
Starhill Real Estate Investment Trust ("Starhill REIT") today announced a final income distribution of 3.7930 sen per unit for the 6-month period from 1 January 2013 to 30 June 2013, being the financial year end of the trust, amounting to RM50.2 million.
Combined with the interim dividend of 3.5873 sen per unit paid for the six months ended 31 December 2012, Starhill REIT's total income distribution of the financial year ended 30 June 2013 stands at 7.3803 per unit. Whilst the Trust's total distribution per unit (DPU) for the last financial year amounted to 7.6359 sen per unit, this amount included non-recurring income received from the disposal of convertible preference units held in Starhill Global REIT in Singapore and related interest income of approximately 1.99 sen per unit.
The current year DPU, therefore, represents a 30.7% increase over the adjusted DPU of 5.6459 sen last year, after adjusting for this non-recurring income. The better performance for the 2013 financial year resulted from the first full-year recognition of lease rental income from the lease of hospitality related properties in Malaysia and Japan, as well as contribution from the three Marriott hotels in Australia acquired by the Trust in November 2012.
The DPU of 7.3803 sen represents a yield of 6.83% per annum based on Starhill REIT's 12-month volume weighted average unit price of RM1.0798 for the financial year ended 30 June 2013.
Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, Chief Executive Officer of Pintar Projek Sdn Bhd, which is the manager of Starhill REIT, said, "Starhill REIT performed well for the 2013 financial year, following the successful completion of its repositioning exercise last year which transformed the Trust into a pure-play hospitality REIT. This year saw no loss in momentum with the acquisition of the Sydney Harbour, Brisbane and Melbourne Marriott properties in Australia. These acquisitions vastly expanded the Trust's international portfolio, increasing its asset size to just under RM3.0 billion, and enabling the Trust to deliver another year of sound returns to unitholders".
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alexho
67 posts
Posted by Alexho > 2013-05-23 20:28 | Report Abuse
I don't understand the result