Igb reit seeks to own and invest in a portfolio of quality, income producing real estate used primarily for retail purposes. There are over 18 reit counters to invest in malaysian stock market, further divided into different reit classes like retail reits like igbreit, industrial reits, office reits and healthcare reits. Reit sector reit sector 2q15 results of areit, art, cmt, fct in line with expectations. Analysis of the real estate investment trust reit industry. The improvement is due to steady growth primarily driven by higher rental income. Properties are located both domestically and internationally. The company operates through property investmentretail, property investmentcommercial, property development, hotel, construction, and others segments. Find the most relevant information on reit stocks and reit investing from. Real estate investment trusts reits, which provide some of the best total returns in the investment world, along with aboveaverage dividend yields and stable earnings, have become increasingly popular with both individual and institutional investors. Priceto book ratio ytl reits share price as of 10 september 2018 is rm1. Igb berhad, an investment holding company, engages in property investment, development, and management businesses primarily in malaysia. Stocks insights stocks investing in malaysia malaysia.
Igb reit owns two prime properties located in malaysia. Time series data analysis for reit dividend benchmark forecast. Nareits members are reits and other businesses throughout the world that own, operate, and finance incomeproducing real estate, as well as those firms and individuals who advise, study, and service those businesses. Based on the pe ratio, sunway reit is cheaper than igb reit. In part 1 of igb reit ipo analysis, we summarized the quantitative aspects of the reit that is, the key financial figures from the prospectus. Igb reit real estate investment trust ipo 1million. Is the method use to analyse reit is the same method use to analyse stock of. Its primary objective is to provide unitholders with regular and stable distributions, a sustainable long term unit price, and growth in distributable income and capital, while maintaining an appropriate capital structure. The companys portfolio includes retail properties and mixeduse.
Recent selldown presents buying opportunity in igb reit the star. Igb real estate investment trust 9 part b additional disclosures pursuant to paragraph 9. Key things you must know about igb real estate investment trust. Level 32, the gardens south tower, mid valley city lingkaran syed putra. The aim of the paper is to study the recent performance of four ireits in malaysia, namely alaqar healthcare reit, axis reit, alsalam reit and klcc reit, from 2012 until 2016. It also allows investors to gain access to valuable properties too large for any individual investor. Igb real estate investment trust is a malaysian retail property investment company. Igb reits latest trailing gross dividend yield is at 4. Overall the book should be required reading for reit investors and managers as well. Igb reits retail malls are midvalley megamall mvm and the gardens respectively. Blocks investing in reits is in its fourth edition. Igb reit invests, directly and indirectly, in a diversified portfolio of income producing real estate used primarily for retail purposes in malaysia and overseas, as well as real estate related assets. Based on corporate announcements and news flow today, companies in focus tomorrow april 24 may include the following. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services.
In this second part, we extract the qualitative aspects of igb reit from its prospectus both the good, and the bad, otherwise known as swot strengthweaknessopportunitiesthreats analysis. As a new reit employee i learned about the challenges and opportunities that lie ahead for my company and the reit industry as a whole. Among the 3 reits ive invested in, clearly, igbreit has been the best performer. Igb reit, a pure play retail reit is to be listed at the main market of klse on 19th september 2012. An industry analysis submitted in partial fulfillment. View daily, weekly or monthly format back to when igbreit stock was issued. The complete guide to reits in malaysia dividend magic. Ipo, real estate investment trust reit igb reit real estate investment trust is scheduled to be listed in main market of bursa malaysia on the 21st september 2012. What is the best book to start learning about reits. Level 32, the gardens south tower, mid valley city lingkaran syed putra, 59200 kuala lumpur.
Igb reit management is the company that will manage igb reit. Managed by igb reit management sdn bhd 201201006785 908168a registered office. Setting a benchmark for reit performance in malaysia. Lcf or ching foo, founder of, is an avid reit investor. If tenants dont have sufficient income to cover for rental, still bad for igb. Igb reit has only 2 units of investment properties, namely the mid valley megamall. Stock analysis for igb real estate investment trust igbreit. As of 26 june 2018, igb reit s share price is trading at rm1.
Bursa malays including stock price, stock chart, company news, key statistics, fundamentals and company profile. The initial public offering ipo consists of 670 million units at an indicative ipo price of rm1. A regression analysis on the data and the study rejected the assumption of holding other factor constant when analysing reit performance, all factor determinants have simultaneous effect on. This reit is very similar to igb reit and also offers a distribution yield of around 5. Just want to check with you, is it normally for reits for trade at price to book at. Igb real estate investment trust igb reit is a real estate investment trust reit. Pdf setting a benchmark for reit performance in malaysia. Stay tuned for part 2 of igb reit ipo analysis, where we further dissect the strength, weakness, potential opportunities and threats of igb reit. Bursa malays stock quote igb real estate investment. Igb real estate investment trust igbreit or igb reit is a reit that owns and manages mid valley megamall and the garden mall. Igb reitlargest retail exposure by appraised asset value 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 t t t t t h r t t t m t t 822 2782 2841 3415 4600 1559 128 0 500 1500 2000 2500 3000 3500 4000 4500.
The new fourth edition of the definitive handbook on investing in real estate investment trusts reits. Axis reit has been deteriorating since 2017 with yields dropping from 4. Want to learn more about reits listed on the bursa malaysia. Igb reit is a unit of igb corp bhd and tan is also group managing director of igb corp. Pdf the financial performance of islamic real estate. Real estate investment trust, or reit, are great instruments for income investors. Based on price to book value, sunway reit is still cheaper. Leveredunlevered beta of igb real estate investment trust 5227 mys beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. Name price distribution yield price to book dpu nav property yield gearing ratio. The companys portfolio includes retail properties and mixeduse developments which have a retail component. Stock analysis about igbreit igb real estate investment trust igbreit or igb reit is a reit that owns and manages mid valley megamall and the garden mall.
Annual general meeting axis reit bitcoin carlsberg malaysia cmmt dividend excel force favelle favco financials fmcg investing hartalega hektar reit igb reit ihh healthcare insights investing 101 iqgroup jhm consolidation ksl holdings malaysia property sector malaysia reits mikro msc n2n connect padini panasonic malaysia perak transit ranhill. Igb reit owns two prime properties located in the strategic area of klang valley. A unit invested in sunway reit will yield a higher distribution yield return. Currency conversion based on current exchange rate of jpy100rm3. Malaysia reits, or more commonly known as mreit are great investment assets for income investors. Their performance in 2018 for me personally are as follows. Analysts say broker research reports on singapore reits. According to these financial ratios igb real estate investment trusts valuation is way above the market valuation of its sector. Price to book value wise, igb reit is trading at close to 1. The information contained on this website is for general information purposes only. A real estate investment trust reit is a company that owns, operates, or finances incomeproducing properties. Igb reit is the largest reit by market cap deserves a size premium figure 2.
The reit has a portfolio of shopping malls, hotels, commercial towers and even a medical centre. The information available in this articlereportanalysis is for sharing and. Matt specializes in writing about bank stocks, reits, and personal finance, but. In this article, ill share 9 quick things that you need to know about igb reit before you invest.
The company divides its operations into two segments based. Investors who want to estimate the value of a real estate investment trust reit will find that traditional metrics such as earningspershare eps and pricetoearnings pe do not apply. Bursa malays including stock price, stock chart, company news, key statistics, fundamentals and. Latest information on reit stock investing, reit stocks, including reit etf, healthcare reit, hines reit and others.
1131 26 913 1070 860 1471 1190 44 1465 1000 1524 670 642 1327 1521 331 575 1231 24 818 197 780 586 464 188 1601 629 793 274 1107 5 463 416 139 1201 426 1051 1341 774 1065 1132