【YTLREIT 5109 交流专区】杨忠礼酒店产托（前名STAREIT）

skyboy04

回复  nond

有什么问题？ 我也看到你一样的东西。而我的问题是楼上的那个说，“没刚看了circular to un ...
不正不正 发表于 20-5-2010 11:51 AM

如果你有Stareit的话，你应该有收到这份邮寄给你的circular to unitholders。Circular的日期是17 May 2010。里面详细写明我上面写的。
我在网上找过，stareit好像没把circular传上网。

不正不正

http://announcements.bursamalays ... 9648257726000f4225/$FILE/STAREIT-Circular.pdf

那一面写不派出来？ 这pdf是扫描进去的， 不能用ctrl find找相关字。

不正不正

请看第 13页 5.3的第三段，写的资料和之前所看的依然一样，也就是分204。18million出来。

CPU - SG REIT

DPU -DISTRIBUTION PER UNIT，我所指明的是DPU。

请不要搞错

skyboy04

$FILE/STAREIT-Circular.pdf

那一面写不派出来？ 这pdf是扫描进去的， 不能用ctrl find找相关字。
不正不正 发表于 20-5-2010 03:12 PM

请看2。4utilization of proceeds。10。3亿都用来买产业，非常清楚。

nond

一语惊醒梦中人！

I asked my sis in law who has experience in accounting what does 'distributable income' mean. The answer is - disposable income. Means that income that can be utilised or real money.

Since the revaluation of Lot 10 and Starhill, the RM 274Million is unrealised and non-disposable. In other word, the value of the property rised but STAREIT didn't have the RM 274 mil in hand, it just a paper gain. However when STAREIT sold the them out then the RM274 mil has been realized because somebody really pay you that money.

So I think I misundertood the word distributable income as like they will pay out special dividend, now think they WON't. ALAMAK..... people always say english is important, now i know ! I buy in a lot!! not 1 lot. God save STAREIT!

不正不正

请看2。4utilization of proceeds。10。3亿都用来买产业，非常清楚。
skyboy04 发表于 20-5-2010 06:21 PM

是指 CPU -SG REIT中的90%用来收购酒店产业，而10%保留。

卖出lot 10,starhill所得将会由现金625million和405million CPU换取。

2.5有写明204million会分派出来。

不正不正

回复 1465# nond

distributable income

在产业信托里，租金分派叫做distributable income。每次产业信托分派租金，都会以 distributable income来称。

当我们买的是普通股票，所派的叫做股息 -dividend.
普通股票是上市公司把一部分的盈利分出来

当我们买的是产业信托- reit , 所派的叫做 income distribution -租金收入。
产业信托则是以出租产业，如办公楼，购物广场，工厂作为赚钱的途径，因此当产业信托把租金所得分出来，也叫做租金分派或income distribution。

而产业信托公司在扣除开销后，通常会把80-90%的所赚取的租金净收入分派给单位持有人-unit holder .

不正不正

要确定真正的答案很简单，等到宣布最后一季业绩时就有答案。

如果你认为自己的对，就照你所理解的去做。

自己选择自己相信的。

nond

http://zh-cn.oldict.com/distributable+income/35/

distributable income 简明英汉词典 中的 解释: 可分配收入
distributable income 在 <朗道英汉字典5.0> 中的 解释:【经】 可分配的所得

不正不正

2.5
the Proposed Disposal will unlock the value of the Properties as it is expected to  realise an estimated distributable income of RM204.18 million. The effects of the Proposed Disposal on the distributable income of the Trust are set out in Section 3.4 of this announcement.

解释下

skyboy04

是指 CPU -SG REIT中的90%用来收购酒店产业，而10%保留。

卖出lot 10,starhill所得将会由现金625mil ...
不正不正 发表于 20-5-2010 09:33 PM

你可以看Section2。1的表，sales consideration total是1030million。
section2。4里那个表，1024million拿来买hotel asset，5。15million是divestment fee，0。85million是expense relate to disposal。Total是1030million。
那里还有剩钱来派。

skyboy04

distributable income 简明英汉词典 中的 解释: 可分配收入
distributable income 在  中的 解释:【经 ...
nond 发表于 20-5-2010 09:41 PM

REIT的可分配收入就好像其他公司的营利，   可分配不代表一定会分配

不正不正

回复 1471# skyboy04

该图下有1-6的解释；

1。at least 90% of the consideration units shall be .....

你找回前面的defination (page ii), 文告中consideration unit = 405 million SG REIT

nond

i think skyboy04 's view make sense.

不正不正

距离七月也只剩下两个月而已，时间到了，自有分晓。

nond

回复  skyboy04

该图下有1-6的解释；

1。at least 90% of the consideration units shall be .....
...
不正不正 发表于 20-5-2010 10:50 PM

    Hi there, ya you r right bout the consideration unit=CPU but i think what they trying to say is in minimum scenario they will keep 10% of CPU (that is by SC's regulation). In other word 90% of CPU and cash raised from the disposal will be used to purchase property. In maximum scenario they will use all the cash from the disposal + sell all the CPU to YTL to purchase hotels. So obviously no special dividend will be paid out.

nond

I think the disputable word is "DISTRIBUTABLE INCOME". As i say it's like disposable income in company. Perhap we can look at S-reit 's example in this link, http://areit.listedcompany.com/n ... 576AB000BE587.1.pdf

look at pg 1, distributable income is not same with DPU-distributable per unit.

Not here to convince any1 but to share my view. Thanks
*sorry bcause wanna reply fast so use english, chinese key in very slow for me.

skyboy04

Hi there, ya you r right bout the consideration unit=CPU but i think what they trying to s ...
nond 发表于 20-5-2010 11:30 PM

你6月1号去大会跟Tan Sri杨老板说没有special dividend的话，你就投反对票。
看他怕吗

nond

pls key in the title -A-REIT's Distributable Income increased by 13.4% year-on-year
in google n click the 1st link.

nond

回复 1478# skyboy04


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