A-REIT valuation model

nulla nulla · 22 November 2015

A-REIT Sector: Weekending Friday 20 November 2015

Understandably our market (including the A-REIT Sector) took a dive on Monday. Fortunately there was a strong rally on Tuesday through Thursday with consolidation on Friday. Talk of a Christmas Rally picked up toward the end of the week with yield chasers reputedly jumping into Banks, A-REIT's and other good dividend payers. No doubt some of the funds being pulled from mining is finding a new home also.

The A-REIT Table for closing prices for Weekending 20 November 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.030	1,678,141,766	0.2546	8.40%	0.1697	5.60%	11.90	2.49	21.69%
BWP	3.180	2,042,780,494	0.3284	10.33%	0.1577	4.96%	9.68	2.24	41.96%
CHC	4.530	1,853,509,708	0.3280	7.24%	0.2420	5.34%	13.81	2.76	64.13%
CQR	4.150	1,622,846,038	0.4355	10.49%	0.2750	6.63%	9.53	3.59	15.60%
CMW	1.035	1,805,751,477	0.0858	8.29%	0.0791	7.64%	12.06	0.65	59.23%
DXS	7.730	7,497,277,026	0.6758	8.74%	0.4104	5.31%	11.44	6.68	15.72%
GMG	6.170	10,921,506,597	0.6920	11.22%	0.2220	3.60%	8.92	3.46	78.32%
GOZ	3.090	1,759,118,077	0.2570	8.32%	0.1970	6.38%	12.02	2.16	43.06%
GPT	4.700	8,435,637,686	0.4875	10.37%	0.2170	4.62%	9.64	4.03	16.63%
IOF	3.880	2,382,504,137	0.2920	7.53%	0.1925	4.96%	13.29	3.62	7.18%
MGR	1.880	6,958,243,126	0.1651	8.78%	0.0940	5.00%	11.39	1.74	8.05%
NSR	1.540	515,062,870	-0.0045	-0.29%	0.0820	5.32%	-342.22	1.11	38.74%
SCP	2.090	1,514,972,222	0.2290	10.96%	0.1140	5.45%	9.13	1.77	18.08%
SCG	4.100	21,829,616,380	0.4448	10.85%	0.2065	5.04%	9.22	3.11	31.83%
SGP	3.990	9,486,297,706	0.3850	9.65%	0.2400	6.02%	10.36	3.68	8.42%
VCX	2.830	11,202,981,300	0.2556	9.03%	0.1690	5.97%	11.07	2.45	15.51%
WFD	9.810	20,386,059,820	0.5427	5.53%	0.3285	3.35%	18.08	4.99	96.59%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		13-Nov-15	20-Nov-15
Abacus Property	ABP	2.970	3.030	0.06	2.02%
BWP Trust	BWP	3.120	3.180	0.06	1.92%
Charter Hall	CHC	4.420	4.530	0.11	2.49%
Charter Hall Retail	CQR	4.020	4.150	0.13	3.23%
Cromwell	CMW	0.985	1.035	0.05	5.08%
Dexus	DXS	7.450	7.730	0.28	3.76%
Goodman Group	GMG	5.850	6.170	0.32	5.47%
Growthpoint Properties	GOZ	2.980	3.090	0.11	3.69%
GPT Group	GPT	4.590	4.700	0.11	2.40%
Investa Office	IOF	3.810	3.880	0.07	1.84%
Mirvac Group	MGR	1.790	1.880	0.09	5.03%
National Storage	NSR	1.495	1.540	0.04	3.01%
SCA Property Group	SCP	1.980	2.090	0.11	5.56%
Scentre Group	SCG	3.910	4.100	0.19	4.86%
Stockland Property	SGP	3.840	3.990	0.15	3.91%
Vicinity Centres	VCX	2.720	2.830	0.11	4.04%
Westfield Corporation	WFD	9.660	9.810	0.15	1.55%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 28 November 2015

A-REIT Sector: Weekending Friday 27 November 2015

The A-REIT sector oscillated through the week finishing down. Now the Turks and the Russians (Abdul Abulbul Amir v's Ivan Skavinski Skavar) are engaged in a war of words and likely economic sanctions, following the shooting down of a Russian Jet Fighter that strayed into Turkish Air Space for something like 17 seconds. With friends like these who needs enemies. The markets reacted accordingly and the volatility continues.

The A-REIT Table for closing prices for Weekending 27 November 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.970	1,644,911,236	0.2546	8.57%	0.1697	5.71%	11.67	2.49	19.28%
BWP	3.190	2,049,204,332	0.3284	10.29%	0.1577	4.94%	9.71	2.24	42.41%
CHC	4.520	1,849,418,075	0.3280	7.26%	0.2420	5.35%	13.78	2.76	63.77%
CQR	4.070	1,591,562,259	0.4355	10.70%	0.2750	6.76%	9.35	3.59	13.37%
CMW	1.020	1,779,581,165	0.0858	8.41%	0.0791	7.75%	11.89	0.65	56.92%
DXS	7.730	7,497,277,026	0.6758	8.74%	0.4104	5.31%	11.44	6.68	15.72%
GMG	6.130	10,850,702,665	0.6920	11.29%	0.2220	3.62%	8.86	3.46	77.17%
GOZ	3.030	1,724,960,444	0.2570	8.48%	0.1970	6.50%	11.79	2.16	40.28%
GPT	4.680	8,399,741,356	0.4875	10.42%	0.2170	4.64%	9.60	4.03	16.13%
IOF	3.840	2,357,942,239	0.2920	7.60%	0.1925	5.01%	13.15	3.62	6.08%
MGR	1.885	6,976,749,092	0.1651	8.76%	0.0940	4.99%	11.42	1.74	8.33%
NSR	1.520	508,373,742	-0.0045	-0.30%	0.0820	5.39%	-337.78	1.11	36.94%
SCP	2.080	1,507,723,551	0.2290	11.01%	0.1140	5.48%	9.08	1.77	17.51%
SCG	4.060	21,616,644,513	0.4448	10.96%	0.2065	5.09%	9.13	3.11	30.55%
SGP	4.010	9,533,848,070	0.3850	9.60%	0.2400	5.99%	10.42	3.68	8.97%
VCX	2.750	10,886,289,249	0.2556	9.29%	0.1690	6.15%	10.76	2.45	12.24%
WFD	9.600	19,949,660,986	0.5427	5.65%	0.3285	3.42%	17.69	4.99	92.38%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		20-Nov-15	28-Nov-15
Abacus Property	ABP	3.030	2.970	-0.06	-1.98%
BWP Trust	BWP	3.180	3.190	0.01	0.31%
Charter Hall	CHC	4.530	4.520	-0.01	-0.22%
Charter Hall Retail	CQR	4.150	4.070	-0.08	-1.93%
Cromwell	CMW	1.035	1.020	-0.01	-1.45%
Dexus	DXS	7.730	7.730	0.00	0.00%
Goodman Group	GMG	6.170	6.130	-0.04	-0.65%
Growthpoint Properties	GOZ	3.090	3.030	-0.06	-1.94%
GPT Group	GPT	4.700	4.680	-0.02	-0.43%
Investa Office	IOF	3.880	3.840	-0.04	-1.03%
Mirvac Group	MGR	1.880	1.885	0.01	0.27%
National Storage	NSR	1.540	1.520	-0.02	-1.30%
SCA Property Group	SCP	2.090	2.080	-0.01	-0.48%
Scentre Group	SCG	4.100	4.060	-0.04	-0.98%
Stockland Property	SGP	3.990	4.010	0.02	0.50%
Vicinity Centres	VCX	2.830	2.750	-0.08	-2.83%
Westfield Corporation	WFD	9.810	9.600	-0.21	-2.14%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

Logique · 29 November 2015

Thanks Nulla, appreciate the updates

nulla nulla · 5 December 2015

A-REIT Sector: Weekending Friday 04 December 2015

Well the Russian/Turk conflict has disintegrated into a war of words, accusations and denial and the investment world seems to have moved on. However the US Fed again suggested it won't be long before they increase interest rates from zero. Once again the market reaction was a global sell down. You would think the likelihood of US interest rates moving from zero percent to zero point two five percent (0.25%) would have been factored into the markets by now, go figure.

This week I have included three charts:

A Ten year "monthly chart;
a two year "weekly" chart; and
a six month "daily" chart.

The glory days of euphoria driven global acquisitions at inflated prices, highly leveraged debt levels and 10% yields (paid quarterly, mostly from borrowings) are well and truly gone. The A-REIT sector has not recovered to anything like the pre GFC levels of late 2007.

To me, the charts show that the A-REIT sector peaked in February this year and has been moving sideways and marginally down since. This may suggest that the market considers that the sector has reached a level of prime value with little future prospects for overall growth (barring mergers and takeovers). Fortunately for investors the daily chart (particularly those for the individual stocks making up the sector) shows the volatility in the price action day to day. The trade opportunities for the short term investors continue to pop up for those keeping a close eye on the swings, while the longer term investors are still receiving yields of 5% plus .

Ten year monthly chart.

Two year weekly chart.

Six month daily chart.

The A-REIT Table for closing prices for Weekending 04 December 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.920	1,617,219,128	0.2546	8.72%	0.1697	5.81%	11.47	2.49	17.27%
BWP	3.120	2,004,237,465	0.3284	10.53%	0.1577	5.05%	9.50	2.24	39.29%
CHC	4.440	1,816,685,012	0.3280	7.39%	0.2420	5.45%	13.54	2.76	60.87%
CQR	4.080	1,595,472,731	0.4355	10.67%	0.2750	6.74%	9.37	3.59	13.65%
CMW	1.020	1,779,581,165	0.0858	8.41%	0.0791	7.75%	11.89	0.65	56.92%
DXS	7.650	7,419,685,543	0.6758	8.83%	0.4104	5.36%	11.32	6.68	14.52%
GMG	6.110	10,815,300,699	0.6920	11.33%	0.2220	3.63%	8.83	3.46	76.59%
GOZ	2.990	1,702,188,689	0.2570	8.60%	0.1970	6.59%	11.63	2.16	38.43%
GPT	4.630	8,310,000,529	0.4875	10.53%	0.2170	4.69%	9.50	4.03	14.89%
IOF	3.830	2,351,801,764	0.2920	7.62%	0.1925	5.03%	13.12	3.62	5.80%
MGR	1.850	6,847,207,331	0.1651	8.92%	0.0940	5.08%	11.21	1.74	6.32%
NSR	1.555	520,079,716	-0.0045	-0.29%	0.0820	5.27%	-345.56	1.11	40.09%
SCP	2.110	1,529,469,564	0.2290	10.85%	0.1140	5.40%	9.21	1.77	19.21%
SCG	4.080	21,723,130,446	0.4448	10.90%	0.2065	5.06%	9.17	3.11	31.19%
SGP	4.030	9,581,398,435	0.3850	9.55%	0.2400	5.96%	10.47	3.68	9.51%
VCX	2.730	10,807,116,236	0.2556	9.36%	0.1690	6.19%	10.68	2.45	11.43%
WFD	9.410	19,554,823,945	0.5427	5.77%	0.3285	3.49%	17.34	4.99	88.58%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		28-Nov-15	04-Dec-15
Abacus Property	ABP	2.970	2.920	-0.05	-1.68%
BWP Trust	BWP	3.190	3.120	-0.07	-2.19%
Charter Hall	CHC	4.520	4.440	-0.08	-1.77%
Charter Hall Retail	CQR	4.070	4.080	0.01	0.25%
Cromwell	CMW	1.020	1.020	0.00	0.00%
Dexus	DXS	7.730	7.650	-0.08	-1.03%
Goodman Group	GMG	6.130	6.110	-0.02	-0.33%
Growthpoint Properties	GOZ	3.030	2.990	-0.04	-1.32%
GPT Group	GPT	4.680	4.630	-0.05	-1.07%
Investa Office	IOF	3.840	3.830	-0.01	-0.26%
Mirvac Group	MGR	1.885	1.850	-0.03	-1.86%
National Storage	NSR	1.520	1.555	0.03	2.30%
SCA Property Group	SCP	2.080	2.110	0.03	1.44%
Scentre Group	SCG	4.060	4.080	0.02	0.49%
Stockland Property	SGP	4.010	4.030	0.02	0.50%
Vicinity Centres	VCX	2.750	2.730	-0.02	-0.73%
Westfield Corporation	WFD	9.600	9.410	-0.19	-1.98%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

Toyota Lexcen · 6 December 2015

thanks for the effort into this stock sector nulla nulla

might be a flat market for a while for investors,

nulla nulla · 12 December 2015

A-REIT Sector: Weekending Friday 11 December 2015

Now the Oil producing nations have ramped up production and the Oil price has been allowed to drop below US$38.00 a barrel. The DOW and the Nasdaq have finished the week down leading the way for global markets. Next week is going to be interesting. Christmas rally, I don't think so.

The A-REIT Table for closing prices for Weekending 11 December 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.990	1,655,988,079	0.2546	8.52%	0.1697	5.68%	11.74	2.49	20.08%
BWP	3.070	1,972,118,275	0.3284	10.70%	0.1577	5.14%	9.35	2.24	37.05%
CHC	4.420	1,808,501,746	0.3280	7.42%	0.2420	5.48%	13.48	2.76	60.14%
CQR	4.070	1,591,562,259	0.4355	10.70%	0.2750	6.76%	9.35	3.59	13.37%
CMW	1.010	1,762,134,291	0.0858	8.50%	0.0791	7.83%	11.77	0.65	55.38%
DXS	7.620	7,390,588,737	0.6758	8.87%	0.4104	5.39%	11.28	6.68	14.07%
GMG	6.040	10,691,393,817	0.6920	11.46%	0.2220	3.68%	8.73	3.46	74.57%
GOZ	3.040	1,730,653,383	0.2570	8.45%	0.1970	6.48%	11.83	2.16	40.74%
GPT	4.630	8,310,000,529	0.4875	10.53%	0.2170	4.69%	9.50	4.03	14.89%
IOF	4.050	2,486,892,205	0.2920	7.21%	0.1925	4.75%	13.87	3.62	11.88%
MGR	1.920	7,106,290,852	0.1651	8.60%	0.0940	4.90%	11.63	1.74	10.34%
NSR	1.585	530,113,408	-0.0045	-0.28%	0.0820	5.17%	-352.22	1.11	42.79%
SCP	2.050	1,485,977,539	0.2290	11.17%	0.1140	5.56%	8.95	1.77	15.82%
SCG	4.070	21,669,887,479	0.4448	10.93%	0.2065	5.07%	9.15	3.11	30.87%
SGP	4.100	9,747,824,710	0.3850	9.39%	0.2400	5.85%	10.65	3.68	11.41%
VCX	2.750	10,886,289,249	0.2556	9.29%	0.1690	6.15%	10.76	2.45	12.24%
WFD	9.440	19,617,166,636	0.5427	5.75%	0.3285	3.48%	17.39	4.99	89.18%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		04-Dec-15	11-Dec-15
Abacus Property	ABP	2.920	2.990	0.07	2.40%
BWP Trust	BWP	3.120	3.070	-0.05	-1.60%
Charter Hall	CHC	4.440	4.420	-0.02	-0.45%
Charter Hall Retail	CQR	4.080	4.070	-0.01	-0.25%
Cromwell	CMW	1.020	1.010	-0.01	-0.98%
Dexus	DXS	7.650	7.620	-0.03	-0.39%
Goodman Group	GMG	6.110	6.040	-0.07	-1.15%
Growthpoint Properties	GOZ	2.990	3.040	0.05	1.67%
GPT Group	GPT	4.630	4.630	0.00	0.00%
Investa Office	IOF	3.830	4.050	0.22	5.74%
Mirvac Group	MGR	1.850	1.920	0.07	3.78%
National Storage	NSR	1.555	1.585	0.03	1.93%
SCA Property Group	SCP	2.110	2.050	-0.06	-2.84%
Scentre Group	SCG	4.080	4.070	-0.01	-0.25%
Stockland Property	SGP	4.030	4.100	0.07	1.74%
Vicinity Centres	VCX	2.730	2.750	0.02	0.73%
Westfield Corporation	WFD	9.410	9.440	0.03	0.32%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 19 December 2015

A-REIT Sector: Weekending Friday 18 December 2015

The falling oil price has seen a shake out of the energy/resources sectors and US Junk Bonds. It appears that some of the funds previously invested in those areas may have found their way into Finance and A-REITs in the second half of last week. Surprisingly our markets were relatively flat on Friday (with some small retraces) despite a fall of the Dow on Thursday. No doubt there will be some local "adjustments" on Monday following the Dows further negative "adjustment" on their Friday. The volatility has certainly provided some opportunity for those investors not afraid to take risks.

The A-REIT Table for closing prices for Weekending 18 December 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.080	1,705,833,874	0.2546	8.27%	0.1697	5.51%	12.10	2.49	23.69%
BWP	3.210	2,062,052,008	0.3284	10.23%	0.1577	4.91%	9.77	2.24	43.30%
CHC	4.600	1,882,151,139	0.3280	7.13%	0.2420	5.26%	14.02	2.76	66.67%
CQR	4.290	1,677,592,651	0.4355	10.15%	0.2750	6.41%	9.85	3.59	19.50%
CMW	1.040	1,814,474,914	0.0858	8.25%	0.0791	7.61%	12.12	0.65	60.00%
DXS	7.690	7,458,481,284	0.6758	8.79%	0.4104	5.34%	11.38	6.68	15.12%
GMG	6.290	11,133,918,395	0.6920	11.00%	0.2220	3.53%	9.09	3.46	81.79%
GOZ	3.090	1,759,118,077	0.2570	8.32%	0.1970	6.38%	12.02	2.16	43.06%
GPT	4.790	8,597,171,174	0.4875	10.18%	0.2170	4.53%	9.83	4.03	18.86%
IOF	4.060	2,493,032,679	0.2920	7.19%	0.1925	4.74%	13.90	3.62	12.15%
MGR	1.980	7,328,362,441	0.1651	8.34%	0.0940	4.75%	11.99	1.74	13.79%
NSR	1.565	523,424,280	-0.0045	-0.29%	0.0820	5.24%	-347.78	1.11	40.99%
SCP	2.140	1,551,215,577	0.2290	10.70%	0.1140	5.33%	9.34	1.77	20.90%
SCG	4.140	22,042,588,247	0.4448	10.74%	0.2065	4.99%	9.31	3.11	33.12%
SGP	4.190	9,961,801,350	0.3850	9.19%	0.2400	5.73%	10.88	3.68	13.86%
VCX	2.810	11,123,808,287	0.2556	9.10%	0.1690	6.01%	10.99	2.45	14.69%
WFD	9.700	20,157,469,954	0.5427	5.59%	0.3285	3.39%	17.87	4.99	94.39%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		11-Dec-15	18-Dec-15
Abacus Property	ABP	2.990	3.080	0.09	3.01%
BWP Trust	BWP	3.070	3.210	0.14	4.56%
Charter Hall	CHC	4.420	4.600	0.18	4.07%
Charter Hall Retail	CQR	4.070	4.290	0.22	5.41%
Cromwell	CMW	1.010	1.040	0.03	2.97%
Dexus	DXS	7.620	7.690	0.07	0.92%
Goodman Group	GMG	6.040	6.290	0.25	4.14%
Growthpoint Properties	GOZ	3.040	3.090	0.05	1.64%
GPT Group	GPT	4.630	4.790	0.16	3.46%
Investa Office	IOF	4.050	4.060	0.01	0.25%
Mirvac Group	MGR	1.920	1.980	0.06	3.13%
National Storage	NSR	1.585	1.565	-0.02	-1.26%
SCA Property Group	SCP	2.050	2.140	0.09	4.39%
Scentre Group	SCG	4.070	4.140	0.07	1.72%
Stockland Property	SGP	4.100	4.190	0.09	2.20%
Vicinity Centres	VCX	2.750	2.810	0.06	2.18%
Westfield Corporation	WFD	9.440	9.700	0.26	2.75%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

Toyota Lexcen · 19 December 2015

I see dxs and iof are to "merge", with both boards asking shareholders to accept proposal

Its a cash and script of dxs for iof from i have read

nulla nulla · 27 December 2015

A-REIT Sector: Weekending Friday 24 December 2015

A short week but still volatile. The Christmas rally in the A-REIT Sector was a bit of a non event. Most of the shares in the A-REIT Sector go ex-div on Tuesday and will likely fall by the amount of their dividend. It will be interesting to see if there is any last minute portfolio reweighting by the fund managers and how that effects the beggars I am holding.

This time last year the A-REIT shares rebounded quickly after going ex-div, then jumped to new (post gfc) highs. Unfortunately they spent the next 10 months drifting sideways and down. I hope 2016 is better for the A-REIT sector and those investors that follow this sector.

The A-REIT Table for closing prices for Weekending 24 December 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.150	1,744,602,826	0.2546	8.08%	0.1697	5.39%	12.37	2.49	26.51%
BWP	3.220	2,068,475,846	0.3284	10.20%	0.1577	4.90%	9.81	2.24	43.75%
CHC	4.640	1,898,517,670	0.3280	7.07%	0.2420	5.22%	14.15	2.76	68.12%
CQR	4.260	1,665,861,234	0.4355	10.22%	0.2750	6.46%	9.78	3.59	18.66%
CMW	1.060	1,849,368,662	0.0858	8.09%	0.0791	7.46%	12.35	0.65	63.08%
DXS	7.670	7,439,083,413	0.6758	8.81%	0.4104	5.35%	11.35	6.68	14.82%
GMG	6.370	11,275,526,260	0.6920	10.86%	0.2220	3.49%	9.21	3.46	84.10%
GOZ	3.090	1,759,118,077	0.2570	8.32%	0.1970	6.38%	12.02	2.16	43.06%
GPT	4.850	8,704,860,166	0.4875	10.05%	0.2170	4.47%	9.95	4.03	20.35%
IOF	4.040	2,480,751,730	0.2920	7.23%	0.1925	4.76%	13.84	3.62	11.60%
MGR	2.020	7,476,410,167	0.1651	8.17%	0.0940	4.65%	12.24	1.74	16.09%
NSR	1.530	511,718,306	-0.0045	-0.29%	0.0820	5.36%	-340.00	1.11	37.84%
SCP	2.170	1,572,961,590	0.2290	10.55%	0.1140	5.25%	9.48	1.77	22.60%
SCG	4.160	22,149,074,180	0.4448	10.69%	0.2065	4.96%	9.35	3.11	33.76%
SGP	4.220	10,033,126,897	0.3850	9.12%	0.2400	5.69%	10.96	3.68	14.67%
VCX	2.830	11,202,981,300	0.2556	9.03%	0.1690	5.97%	11.07	2.45	15.51%
WFD	9.570	19,887,318,295	0.5427	5.67%	0.3285	3.43%	17.63	4.99	91.78%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		18-Dec-15	24-Dec-15
Abacus Property	ABP	3.080	3.150	0.07	2.27%
BWP Trust	BWP	3.210	3.220	0.01	0.31%
Charter Hall	CHC	4.600	4.640	0.04	0.87%
Charter Hall Retail	CQR	4.290	4.260	-0.03	-0.70%
Cromwell	CMW	1.040	1.060	0.02	1.92%
Dexus	DXS	7.690	7.670	-0.02	-0.26%
Goodman Group	GMG	6.290	6.370	0.08	1.27%
Growthpoint Properties	GOZ	3.090	3.090	0.00	0.00%
GPT Group	GPT	4.790	4.850	0.06	1.25%
Investa Office	IOF	4.060	4.040	-0.02	-0.49%
Mirvac Group	MGR	1.980	2.020	0.04	2.02%
National Storage	NSR	1.565	1.530	-0.03	-2.24%
SCA Property Group	SCP	2.140	2.170	0.03	1.40%
Scentre Group	SCG	4.140	4.160	0.02	0.48%
Stockland Property	SGP	4.190	4.220	0.03	0.72%
Vicinity Centres	VCX	2.810	2.830	0.02	0.71%
Westfield Corporation	WFD	9.700	9.570	-0.13	-1.34%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 3 January 2016

A-REIT Sector: Weekending Thursday 31 December 2015

Tuesday and Wednesday were good as the A-REIT Sector went ex-div and quickly rebounded off the ex-div lows. Thursday saw many of the A-REIT shares sold down before close of trade to the ex-div lows or close to them. However the long term trend still suggests that the Sector impetus is on the rise. No doubt 2016 will be every bit as volatile as 2015.

The A-REIT Table for closing prices for Weekending 31 December 2015 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.200	1,772,294,934	0.2546	7.96%	0.1697	5.30%	12.57	2.49	28.51%
BWP	3.160	2,029,932,817	0.3284	10.39%	0.1577	4.99%	9.62	2.24	41.07%
CHC	4.540	1,857,601,341	0.3280	7.22%	0.2420	5.33%	13.84	2.76	64.49%
CQR	4.170	1,630,666,982	0.4355	10.44%	0.2750	6.59%	9.58	3.59	16.16%
CMW	1.050	1,831,921,788	0.0858	8.17%	0.0791	7.53%	12.24	0.65	61.54%
DXS	7.500	7,274,201,513	0.6758	9.01%	0.4104	5.47%	11.10	6.68	12.28%
GMG	6.270	11,098,516,429	0.6920	11.04%	0.2220	3.54%	9.06	3.46	81.21%
GOZ	3.080	1,753,425,138	0.2570	8.34%	0.1970	6.40%	11.98	2.16	42.59%
GPT	4.780	8,579,223,009	0.4875	10.20%	0.2170	4.54%	9.81	4.03	18.61%
IOF	4.000	2,456,189,832	0.2920	7.30%	0.1925	4.81%	13.70	3.62	10.50%
MGR	1.980	7,328,362,441	0.1651	8.34%	0.0940	4.75%	11.99	1.74	13.79%
NSR	1.540	515,062,870	-0.0045	-0.29%	0.0820	5.32%	-342.22	1.11	38.74%
SCP	2.130	1,543,966,906	0.2290	10.75%	0.1140	5.35%	9.30	1.77	20.34%
SCG	4.190	22,308,803,081	0.4448	10.62%	0.2065	4.93%	9.42	3.11	34.73%
SGP	4.100	9,747,824,710	0.3850	9.39%	0.2400	5.85%	10.65	3.68	11.41%
VCX	2.800	11,084,221,781	0.2556	9.13%	0.1690	6.04%	10.95	2.45	14.29%
WFD	9.510	19,762,632,914	0.5427	5.71%	0.3285	3.45%	17.52	4.99	90.58%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		24-Dec-15	31-Dec-15
Abacus Property	ABP	3.150	3.200	0.05	1.59%
BWP Trust	BWP	3.220	3.160	-0.06	-1.86%
Charter Hall	CHC	4.640	4.540	-0.10	-2.16%
Charter Hall Retail	CQR	4.260	4.170	-0.09	-2.11%
Cromwell	CMW	1.060	1.050	-0.01	-0.94%
Dexus	DXS	7.670	7.500	-0.17	-2.22%
Goodman Group	GMG	6.370	6.270	-0.10	-1.57%
Growthpoint Properties	GOZ	3.090	3.080	-0.01	-0.32%
GPT Group	GPT	4.850	4.780	-0.07	-1.44%
Investa Office	IOF	4.040	4.000	-0.04	-0.99%
Mirvac Group	MGR	2.020	1.980	-0.04	-1.98%
National Storage	NSR	1.530	1.540	0.01	0.65%
SCA Property Group	SCP	2.170	2.130	-0.04	-1.84%
Scentre Group	SCG	4.160	4.190	0.03	0.72%
Stockland Property	SGP	4.220	4.100	-0.12	-2.84%
Vicinity Centres	VCX	2.830	2.800	-0.03	-1.06%
Westfield Corporation	WFD	9.570	9.510	-0.06	-0.63%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 10 January 2016

A-REIT Sector: Weekending Friday 08 January 2016

Not a good week. China adjusted their currency against the dollar to make exports cheaper and hopefully stimulate demand and production. Their economy is still growing but not at the same rates as 4-5 years ago. Global markets re-act badly to any signs of slowing growth in China, real or imagined. North Korea claim to have successfully tested a Hydrogen bomb underground which the rest of the world has had difficulty confirming or refuting. However this has made the Asian markets very jittery and the rest unsettled. The Dow Jones had its' biggest opening drop (for the year) in Donkey's years and the bulls are running from the bears. This is either a good time to buy or time to sit on your cash as next week (and the week after) could be a better time to buy. Good luck

The A-REIT Table for closing prices for Weekending 08 January 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.170	1,755,679,669	0.2546	8.03%	0.1697	5.35%	12.45	2.49	27.31%
BWP	3.070	1,972,118,275	0.3284	10.70%	0.1577	5.14%	9.35	2.24	37.05%
CHC	4.360	1,783,951,949	0.3280	7.52%	0.2420	5.55%	13.29	2.76	57.97%
CQR	4.060	1,587,651,786	0.4355	10.73%	0.2750	6.77%	9.32	3.59	13.09%
CMW	1.010	1,762,134,291	0.0858	8.50%	0.0791	7.83%	11.77	0.65	55.38%
DXS	7.220	7,002,631,323	0.6758	9.36%	0.4104	5.68%	10.68	6.68	8.08%
GMG	6.170	10,921,506,597	0.6920	11.22%	0.2220	3.60%	8.92	3.46	78.32%
GOZ	2.970	1,690,802,812	0.2570	8.65%	0.1970	6.63%	11.56	2.16	37.50%
GPT	4.580	8,220,259,703	0.4875	10.64%	0.2170	4.74%	9.39	4.03	13.65%
IOF	3.860	2,370,223,188	0.2920	7.56%	0.1925	4.99%	13.22	3.62	6.63%
MGR	1.905	7,050,772,955	0.1651	8.67%	0.0940	4.93%	11.54	1.74	9.48%
NSR	1.465	489,978,639	-0.0045	-0.31%	0.0820	5.60%	-325.56	1.11	31.98%
SCP	2.060	1,493,226,210	0.2290	11.12%	0.1140	5.53%	9.00	1.77	16.38%
SCG	4.130	21,989,345,280	0.4448	10.77%	0.2065	5.00%	9.29	3.11	32.80%
SGP	4.060	9,652,723,981	0.3850	9.48%	0.2400	5.91%	10.55	3.68	10.33%
VCX	2.750	10,886,289,249	0.2556	9.29%	0.1690	6.15%	10.76	2.45	12.24%
WFD	9.240	19,201,548,699	0.5427	5.87%	0.3285	3.56%	17.03	4.99	85.17%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		31-Dec-15	08-Jan-16
Abacus Property	ABP	3.200	3.170	-0.03	-0.94%
BWP Trust	BWP	3.160	3.070	-0.09	-2.85%
Charter Hall	CHC	4.540	4.360	-0.18	-3.96%
Charter Hall Retail	CQR	4.170	4.060	-0.11	-2.64%
Cromwell	CMW	1.050	1.010	-0.04	-3.81%
Dexus	DXS	7.500	7.220	-0.28	-3.73%
Goodman Group	GMG	6.270	6.170	-0.10	-1.59%
Growthpoint Properties	GOZ	3.080	2.970	-0.11	-3.57%
GPT Group	GPT	4.780	4.580	-0.20	-4.18%
Investa Office	IOF	4.000	3.860	-0.14	-3.50%
Mirvac Group	MGR	1.980	1.905	-0.08	-3.79%
National Storage	NSR	1.540	1.465	-0.08	-4.87%
SCA Property Group	SCP	2.130	2.060	-0.07	-3.29%
Scentre Group	SCG	4.190	4.130	-0.06	-1.43%
Stockland Property	SGP	4.100	4.060	-0.04	-0.98%
Vicinity Centres	VCX	2.800	2.750	-0.05	-1.79%
Westfield Corporation	WFD	9.510	9.240	-0.27	-2.84%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 17 January 2016

A-REIT Sector: Weekending Friday 15 January 2016

Oil dropped under US$30.00 per barrel and the media is in full gloom and doom mode about the amount wiped off the markets since 01 January 2016. Conveniently they overlook that the markets are pretty much where they were about 15 December 2015 (four weeks ago) before the rather pathetic short lived Christmas rally.

No doubt with a bit more negative input, the professional shorters will push through the stop losses of the bargain hunters (who will add to the selling), and the margin call sellers will add to the selling, until the shorters elect to take profits causing a brief rally. The bargain hunters will step up only for the cycle to start again.

Any excuse for volatility. Good luck

The A-REIT Table for closing prices for Weekending 15 January 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.970	1,644,911,236	0.2546	8.57%	0.1697	5.71%	11.67	2.49	19.28%
BWP	3.080	1,978,542,113	0.3284	10.66%	0.1577	5.12%	9.38	2.24	37.50%
CHC	4.340	1,775,768,683	0.3280	7.56%	0.2420	5.58%	13.23	2.76	57.25%
CQR	3.980	1,556,368,007	0.4355	10.94%	0.2750	6.91%	9.14	3.59	10.86%
CMW	0.985	1,718,517,106	0.0858	8.71%	0.0791	8.03%	11.48	0.65	51.54%
DXS	7.060	6,847,448,357	0.6758	9.57%	0.4104	5.81%	10.45	6.68	5.69%
GMG	5.950	10,532,084,968	0.6920	11.63%	0.2220	3.73%	8.60	3.46	71.97%
GOZ	2.970	1,690,802,812	0.2570	8.65%	0.1970	6.63%	11.56	2.16	37.50%
GPT	4.520	8,112,570,711	0.4875	10.79%	0.2170	4.80%	9.27	4.03	12.16%
IOF	3.750	2,302,677,968	0.2920	7.79%	0.1925	5.13%	12.84	3.62	3.59%
MGR	1.860	6,884,219,263	0.1651	8.88%	0.0940	5.05%	11.27	1.74	6.90%
NSR	1.470	491,650,921	-0.0045	-0.31%	0.0820	5.58%	-326.67	1.11	32.43%
SCP	2.050	1,485,977,539	0.2290	11.17%	0.1140	5.56%	8.95	1.77	15.82%
SCG	4.130	21,989,345,280	0.4448	10.77%	0.2065	5.00%	9.29	3.11	32.80%
SGP	4.010	9,533,848,070	0.3850	9.60%	0.2400	5.99%	10.42	3.68	8.97%
VCX	2.820	11,163,394,794	0.2556	9.06%	0.1690	5.99%	11.03	2.45	15.10%
WFD	9.330	19,388,576,770	0.5427	5.82%	0.3285	3.52%	17.19	4.99	86.97%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		08-Jan-16	15-Jan-16
Abacus Property	ABP	3.170	2.970	-0.20	-6.31%
BWP Trust	BWP	3.070	3.080	0.01	0.33%
Charter Hall	CHC	4.360	4.340	-0.02	-0.46%
Charter Hall Retail	CQR	4.060	3.980	-0.08	-1.97%
Cromwell	CMW	1.010	0.985	-0.03	-2.48%
Dexus	DXS	7.220	7.060	-0.16	-2.22%
Goodman Group	GMG	6.170	5.950	-0.22	-3.57%
Growthpoint Properties	GOZ	2.970	2.970	0.00	0.00%
GPT Group	GPT	4.580	4.520	-0.06	-1.31%
Investa Office	IOF	3.860	3.750	-0.11	-2.85%
Mirvac Group	MGR	1.905	1.860	-0.04	-2.36%
National Storage	NSR	1.465	1.470	0.00	0.34%
SCA Property Group	SCP	2.060	2.050	-0.01	-0.49%
Scentre Group	SCG	4.130	4.130	0.00	0.00%
Stockland Property	SGP	4.060	4.010	-0.05	-1.23%
Vicinity Centres	VCX	2.750	2.820	0.07	2.55%
Westfield Corporation	WFD	9.240	9.330	0.09	0.97%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 24 January 2016

A-REIT Sector: Weekending Friday 22 January 2016

As expected, the professional shorters pushed through the stop losses of the bargain hunters (who then added to the selling), and the margin call sellers also added to the selling, then (under the excuse that winter and supply disruptions in the Middle East justified a rebound in oil prices above $30 per barrel) the shorters elected to take profits causing a brief rally.
The Dow Jones finished higher on Friday and we will likely see more small gains in our markets on Monday. The bargain hunters will likely step up only for the cycle to start again. There is a lot of doom & gloom in the media still, the Incredible Charts/Twiggs reports make very good reading. Good luck

The A-REIT Table for closing prices for Weekending 22 January 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.010	1,667,064,923	0.2546	8.46%	0.1697	5.64%	11.82	2.49	20.88%
BWP	3.040	1,952,846,761	0.3284	10.80%	0.1577	5.19%	9.26	2.24	35.71%
CHC	4.380	1,792,135,215	0.3280	7.49%	0.2420	5.53%	13.35	2.76	58.70%
CQR	4.040	1,579,830,842	0.4355	10.78%	0.2750	6.81%	9.28	3.59	12.53%
CMW	0.995	1,735,963,980	0.0858	8.62%	0.0791	7.95%	11.60	0.65	53.08%
DXS	7.280	7,060,824,935	0.6758	9.28%	0.4104	5.64%	10.77	6.68	8.98%
GMG	6.010	10,638,290,867	0.6920	11.51%	0.2220	3.69%	8.68	3.46	73.70%
GOZ	2.980	1,696,495,750	0.2570	8.62%	0.1970	6.61%	11.60	2.16	37.96%
GPT	4.720	8,471,534,017	0.4875	10.33%	0.2170	4.60%	9.68	4.03	17.12%
IOF	3.850	2,364,082,713	0.2920	7.58%	0.1925	5.00%	13.18	3.62	6.35%
MGR	1.835	6,791,689,434	0.1651	9.00%	0.0940	5.12%	11.11	1.74	5.46%
NSR	1.465	489,978,639	-0.0045	-0.31%	0.0820	5.60%	-325.56	1.11	31.98%
SCP	2.080	1,507,723,551	0.2290	11.01%	0.1140	5.48%	9.08	1.77	17.51%
SCG	4.230	22,521,774,948	0.4448	10.52%	0.2065	4.88%	9.51	3.11	36.01%
SGP	4.050	9,628,948,799	0.3850	9.51%	0.2400	5.93%	10.52	3.68	10.05%
VCX	2.870	11,361,327,325	0.2556	8.91%	0.1690	5.89%	11.23	2.45	17.14%
WFD	9.780	20,323,717,129	0.5427	5.55%	0.3285	3.36%	18.02	4.99	95.99%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		15-Jan-16	22-Jan-16
Abacus Property	ABP	2.970	3.010	0.04	1.35%
BWP Trust	BWP	3.080	3.040	-0.04	-1.30%
Charter Hall	CHC	4.340	4.380	0.04	0.92%
Charter Hall Retail	CQR	3.980	4.040	0.06	1.51%
Cromwell	CMW	0.985	0.995	0.01	1.02%
Dexus	DXS	7.060	7.280	0.22	3.12%
Goodman Group	GMG	5.950	6.010	0.06	1.01%
Growthpoint Properties	GOZ	2.970	2.980	0.01	0.34%
GPT Group	GPT	4.520	4.720	0.20	4.42%
Investa Office	IOF	3.750	3.850	0.10	2.67%
Mirvac Group	MGR	1.860	1.835	-0.03	-1.34%
National Storage	NSR	1.470	1.465	0.00	-0.34%
SCA Property Group	SCP	2.050	2.080	0.03	1.46%
Scentre Group	SCG	4.130	4.230	0.10	2.42%
Stockland Property	SGP	4.010	4.050	0.04	1.00%
Vicinity Centres	VCX	2.820	2.870	0.05	1.77%
Westfield Corporation	WFD	9.330	9.780	0.45	4.82%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 31 January 2016

A-REIT Sector: Weekending Friday 29 January 2016

Another interesting week with rises that seem to be out of step with the All-Ords and definitely the Dow Jones. Pushing back up toward the recent resistance levels the daily closes once again hide the intra-day volatility. Japan has moved to negative interest which will probably make for easy borrowings, some of which could find its way into the A-REIT sector where the yields are still very attractive. China, Japan, Europe, the Middle East are all unsettled and now George Soros is alleged to be betting against the Chinese Yaun Renminbi. We live in interesting times.

The A-REIT Table for closing prices for Weekending 29 January 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	3.010	1,667,064,923	0.2546	8.46%	0.1697	5.64%	11.82	2.49	20.88%
BWP	3.070	1,972,118,275	0.3284	10.70%	0.1577	5.14%	9.35	2.24	37.05%
CHC	4.440	1,816,685,012	0.3280	7.39%	0.2420	5.45%	13.54	2.76	60.87%
CQR	4.110	1,607,204,148	0.4355	10.60%	0.2750	6.69%	9.44	3.59	14.48%
CMW	0.990	1,727,240,543	0.0858	8.67%	0.0791	7.99%	11.54	0.65	52.31%
DXS	7.360	7,138,416,418	0.6758	9.18%	0.4104	5.58%	10.89	6.68	10.18%
GMG	6.080	10,762,197,749	0.6920	11.38%	0.2220	3.65%	8.79	3.46	75.72%
GOZ	3.020	1,719,267,506	0.2570	8.51%	0.1970	6.52%	11.75	2.16	39.81%
GPT	4.880	8,758,704,662	0.4875	9.99%	0.2170	4.45%	10.01	4.03	21.09%
IOF	3.900	2,394,785,086	0.2920	7.49%	0.1925	4.94%	13.36	3.62	7.73%
MGR	1.900	7,032,266,989	0.1651	8.69%	0.0940	4.95%	11.51	1.74	9.20%
NSR	1.500	501,684,614	-0.0045	-0.30%	0.0820	5.47%	-333.33	1.11	35.14%
SCP	2.130	1,543,966,906	0.2290	10.75%	0.1140	5.35%	9.30	1.77	20.34%
SCG	4.350	23,160,690,549	0.4448	10.23%	0.2065	4.75%	9.78	3.11	39.87%
SGP	4.090	9,724,049,528	0.3850	9.41%	0.2400	5.87%	10.62	3.68	11.14%
VCX	2.910	11,519,673,351	0.2556	8.78%	0.1690	5.81%	11.38	2.45	18.78%
WFD	9.900	20,573,087,891	0.5427	5.48%	0.3285	3.32%	18.24	4.99	98.40%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		22-Jan-16	29-Jan-16
Abacus Property	ABP	3.010	3.010	0.00	0.00%
BWP Trust	BWP	3.040	3.070	0.03	0.99%
Charter Hall	CHC	4.380	4.440	0.06	1.37%
Charter Hall Retail	CQR	4.040	4.110	0.07	1.73%
Cromwell	CMW	0.995	0.990	-0.01	-0.50%
Dexus	DXS	7.280	7.360	0.08	1.10%
Goodman Group	GMG	6.010	6.080	0.07	1.16%
Growthpoint Properties	GOZ	2.980	3.020	0.04	1.34%
GPT Group	GPT	4.720	4.880	0.16	3.39%
Investa Office	IOF	3.850	3.900	0.05	1.30%
Mirvac Group	MGR	1.835	1.900	0.06	3.54%
National Storage	NSR	1.465	1.500	0.03	2.39%
SCA Property Group	SCP	2.080	2.130	0.05	2.40%
Scentre Group	SCG	4.230	4.350	0.12	2.84%
Stockland Property	SGP	4.050	4.090	0.04	0.99%
Vicinity Centres	VCX	2.870	2.910	0.04	1.39%
Westfield Corporation	WFD	9.780	9.900	0.12	1.23%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 23 October 2015, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 23 October 2015. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

Logique · 1 February 2016

Thanks Nulla, the sector certainly does has defensive characteristics, which as you say, should add to it's attractiveness now.

Japan - it takes some getting one's head around the concept of negative interest rates.

nulla nulla · 6 February 2016

A-REIT Sector: Weekending Friday 05 February 2016

I think there has been (and is possibly still going on) a definite move from resource and materials shares to the "safe" haven of better yield shares such as those in the A-REIT sector. The rise in the sector value is well and truly out of sync with the All-Ords and the Dow Jones. Japanese negative interest, making for easy borrowings, is probably behind some of the recent influx of investment in the A-REIT sector (where the yields are still very attractive).

This happened last year as well around February, before the sector collapsed in March and trended down to the lows of August. The A-REIT sector appears poised to move to new highs however the overnight reaction of the Dow Jones to the latest US Jobs Report could be a signal for further volatility next week.

All-Ords as at 05 February 2016:

Property Sector as at 05 February 2016:

The A-REIT Table for closing prices for Weekending 05 February 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.970	1,644,911,236	0.2546	8.57%	0.1697	5.71%	11.67	2.49	19.28%
BWP	3.110	1,997,813,627	0.3284	10.56%	0.1637	5.26%	9.47	2.24	38.84%
CHC	4.470	1,828,959,911	0.3280	7.34%	0.2540	5.68%	13.63	2.76	61.96%
CQR	4.250	1,708,717,910	0.4355	10.25%	0.2780	6.54%	9.76	3.59	18.38%
CMW	1.005	1,756,442,874	0.0858	8.54%	0.0797	7.93%	11.71	0.65	54.62%
DXS	7.480	7,240,248,736	0.6758	9.03%	0.4441	5.94%	11.07	6.68	11.98%
GMG	6.030	10,673,692,833	0.6920	11.48%	0.2300	3.81%	8.71	3.46	74.28%
GOZ	3.070	1,747,857,259	0.2570	8.37%	0.2010	6.55%	11.95	2.16	42.13%
GPT	4.920	8,830,497,323	0.4875	9.91%	0.2250	4.57%	10.09	4.03	22.08%
IOF	4.000	2,456,189,832	0.2920	7.30%	0.1950	4.88%	13.70	3.62	10.50%
MGR	1.895	7,013,761,023	0.1651	8.71%	0.0960	5.07%	11.48	1.74	8.91%
NSR	1.550	518,407,434	-0.0045	-0.29%	0.0850	5.48%	-344.44	1.11	39.64%
SCP	2.190	1,606,124,393	0.2290	10.46%	0.1180	5.39%	9.56	1.77	23.73%
SCG	4.410	23,480,148,350	0.4448	10.09%	0.2065	4.68%	9.91	3.11	41.80%
SGP	4.150	9,866,700,621	0.3850	9.28%	0.2420	5.83%	10.78	3.68	12.77%
VCX	2.950	11,678,019,376	0.2556	8.66%	0.1730	5.86%	11.54	2.45	20.41%
WFD	10.080	20,947,144,035	0.5427	5.38%	0.3285	3.26%	18.57	4.99	102.00%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		29-Jan-16	05-Feb-16
Abacus Property	ABP	3.010	2.970	-0.04	-1.33%
BWP Trust	BWP	3.070	3.110	0.04	1.30%
Charter Hall	CHC	4.440	4.470	0.03	0.68%
Charter Hall Retail	CQR	4.110	4.250	0.14	3.41%
Cromwell	CMW	0.990	1.005	0.01	1.52%
Dexus	DXS	7.360	7.480	0.12	1.63%
Goodman Group	GMG	6.080	6.030	-0.05	-0.82%
Growthpoint Properties	GOZ	3.020	3.070	0.05	1.66%
GPT Group	GPT	4.880	4.920	0.04	0.82%
Investa Office	IOF	3.900	4.000	0.10	2.56%
Mirvac Group	MGR	1.900	1.895	0.00	-0.26%
National Storage	NSR	1.500	1.550	0.05	3.33%
SCA Property Group	SCP	2.130	2.190	0.06	2.82%
Scentre Group	SCG	4.350	4.410	0.06	1.38%
Stockland Property	SGP	4.090	4.150	0.06	1.47%
Vicinity Centres	VCX	2.910	2.950	0.04	1.37%
Westfield Corporation	WFD	9.900	10.080	0.18	1.82%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 05 February 2016, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 05 February 2016. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 14 February 2016

A-REIT Sector: Weekending Friday 12 February 2016

The Dow Jones reaction last week, to the latest US Jobs Report, was initially hard to understand as the report was a good one. Turns out the report was interpreted by the market as a possible trigger for another hike in the US interest rates. Then oil dropped back below $30.00 triggering further market falls.

Banks around the world are taking a hammering. Deutsche Bank went as far as issuing a release that they are will not have any trouble settling bonds falling due in 2017. Instead of reassuring the market this release reminded the market of Lehman Bros doing something similar before they collapsed, and the sell down continued. On a local level CBA issued an update confirming no change to their dividend, however the local market was not convinced and local analysts consider there is further downside in the share prices of the big four Australian banks. China is alleged to be selling off foreign reserves to prop up the yaun/renmimbi. Mind you they still have 3 Trillion US$ back up left. Chinese investors are reported to be investing now in gold, as an alternative to foreign property, driving up the gold price.

The current pattern of lower lows and lower highs in the markets suggests to me that any rebound is likely a "dead cat" bounce and not the start of a recovery. The A-REIT sector is still moving sideways. Yield rates at the present share price levels are probably the only thing saving this sector from the same level of retrace as the rest of the market. The bears are well and truly driving the markets at present. The consensus appears to be that things are going to get worse before they get better. Good luck.

Property Sector as at 12 February 2016:

The A-REIT Table for closing prices for Weekending 12 February 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.870	1,589,527,019	0.2546	8.87%	0.1697	5.91%	11.27	2.49	15.26%
BWP	3.050	1,959,270,599	0.3284	10.77%	0.1637	5.37%	9.29	2.24	36.16%
CHC	4.320	1,767,585,417	0.3280	7.59%	0.2540	5.88%	13.17	2.76	56.52%
CQR	4.160	1,672,533,296	0.4355	10.47%	0.2780	6.68%	9.55	3.59	15.88%
CMW	0.975	1,704,011,743	0.0858	8.80%	0.0797	8.17%	11.36	0.65	50.00%
DXS	7.180	6,949,864,429	0.6758	9.41%	0.4441	6.19%	10.62	6.68	7.49%
GMG	6.350	11,240,124,294	0.6920	10.90%	0.2300	3.62%	9.18	3.46	83.53%
GOZ	3.030	1,725,083,874	0.2570	8.48%	0.2010	6.63%	11.79	2.16	40.28%
GPT	4.880	8,758,704,662	0.4875	9.99%	0.2250	4.61%	10.01	4.03	21.09%
IOF	3.890	2,388,644,612	0.2920	7.51%	0.1950	5.01%	13.32	3.62	7.46%
MGR	1.835	6,791,689,434	0.1651	9.00%	0.0960	5.23%	11.11	1.74	5.46%
NSR	1.455	486,634,075	-0.0045	-0.31%	0.0850	5.84%	-323.33	1.11	31.08%
SCP	2.150	1,576,788,788	0.2290	10.65%	0.1180	5.49%	9.39	1.77	21.47%
SCG	4.350	23,160,690,549	0.4448	10.23%	0.2065	4.75%	9.78	3.11	39.87%
SGP	3.990	9,486,297,706	0.3850	9.65%	0.2420	6.07%	10.36	3.68	8.42%
VCX	2.920	11,559,259,857	0.2556	8.75%	0.1730	5.92%	11.42	2.45	19.18%
WFD	9.560	19,866,537,398	0.5427	5.68%	0.3285	3.44%	17.62	4.99	91.58%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		05-Feb-16	12-Feb-16
Abacus Property	ABP	2.970	2.870	-0.10	-3.37%
BWP Trust	BWP	3.110	3.050	-0.06	-1.93%
Charter Hall	CHC	4.470	4.320	-0.15	-3.36%
Charter Hall Retail	CQR	4.250	4.160	-0.09	-2.12%
Cromwell	CMW	1.005	0.975	-0.03	-2.99%
Dexus	DXS	7.480	7.180	-0.30	-4.01%
Goodman Group	GMG	6.030	6.350	0.32	5.31%
Growthpoint Properties	GOZ	3.070	3.030	-0.04	-1.30%
GPT Group	GPT	4.920	4.880	-0.04	-0.81%
Investa Office	IOF	4.000	3.890	-0.11	-2.75%
Mirvac Group	MGR	1.895	1.835	-0.06	-3.17%
National Storage	NSR	1.550	1.455	-0.10	-6.13%
SCA Property Group	SCP	2.190	2.150	-0.04	-1.83%
Scentre Group	SCG	4.410	4.350	-0.06	-1.36%
Stockland Property	SGP	4.150	3.990	-0.16	-3.86%
Vicinity Centres	VCX	2.950	2.920	-0.03	-1.02%
Westfield Corporation	WFD	10.080	9.560	-0.52	-5.16%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 05 February 2016, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 05 February 2016. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 20 February 2016

A-REIT Sector: Weekending Friday 19 February 2016

The A-REIT sector is still moving sideways but creeping upwards. There are still good yield rates among the shares and the price/earnings ratios are still comparatively low. The Dow Jones (and the All-Ords) had a good rebound early in the week but faltered toward the end of the week. Oil continues to fluctuate in price as the heavy weight oil producers bicker as to which countries should reduce production. The Pope has faced of against Donald Trump. Yelland has indicated that the planned interest rate increases for 2016 may be delayed pending better global economic conditions. The UK is negotiating with the European Union Members as to the basis on which the UK will stay as part of the European Union. Russia is threatening another cold war with the US over Syria. China is flexing its military muscles in the islands off South East Asia. North Korea has a new missile to launch satellites.

All of this contributes to continued volatility in the share market. Good luck.

Property Sector as at 19 February 2016:

The A-REIT Table for closing prices for Weekending 19 February 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.910	1,611,680,706	0.2546	8.75%	0.1697	5.83%	11.43	2.49	16.87%
BWP	3.160	2,029,932,817	0.3284	10.39%	0.1637	5.18%	9.62	2.24	41.07%
CHC	4.410	1,804,410,113	0.3280	7.44%	0.2540	5.76%	13.45	2.76	59.78%
CQR	4.270	1,716,758,936	0.4355	10.20%	0.2780	6.51%	9.80	3.59	18.94%
CMW	0.985	1,721,488,787	0.0858	8.71%	0.0797	8.09%	11.48	0.65	51.54%
DXS	7.360	7,124,095,013	0.6758	9.18%	0.4441	6.03%	10.89	6.68	10.18%
GMG	6.510	11,523,340,024	0.6920	10.63%	0.2300	3.53%	9.41	3.46	88.15%
GOZ	3.090	1,759,243,951	0.2570	8.32%	0.2010	6.50%	12.02	2.16	43.06%
GPT	4.940	8,866,393,653	0.4875	9.87%	0.2250	4.55%	10.13	4.03	22.58%
IOF	3.900	2,394,785,086	0.2920	7.49%	0.1950	5.00%	13.36	3.62	7.73%
MGR	1.865	6,902,725,228	0.1651	8.85%	0.0960	5.15%	11.30	1.74	7.18%
NSR	1.530	511,718,306	-0.0045	-0.29%	0.0850	5.56%	-340.00	1.11	37.84%
SCP	2.250	1,650,127,802	0.2290	10.18%	0.1180	5.24%	9.83	1.77	27.12%
SCG	4.510	24,012,578,018	0.4448	9.86%	0.2065	4.58%	10.14	3.11	45.02%
SGP	4.270	10,152,002,808	0.3850	9.02%	0.2420	5.67%	11.09	3.68	16.03%
VCX	3.020	11,955,124,921	0.2556	8.46%	0.1730	5.73%	11.82	2.45	23.27%
WFD	9.630	20,012,003,676	0.5427	5.64%	0.3285	3.41%	17.74	4.99	92.99%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		12-Feb-16	12-Feb-16
Abacus Property	ABP	2.870	2.910	0.04	1.39%
BWP Trust	BWP	3.050	3.160	0.11	3.61%
Charter Hall	CHC	4.320	4.410	0.09	2.08%
Charter Hall Retail	CQR	4.160	4.270	0.11	2.64%
Cromwell	CMW	0.975	0.985	0.01	1.03%
Dexus	DXS	7.180	7.360	0.18	2.51%
Goodman Group	GMG	6.350	6.510	0.16	2.52%
Growthpoint Properties	GOZ	3.030	3.090	0.06	1.98%
GPT Group	GPT	4.880	4.940	0.06	1.23%
Investa Office	IOF	3.890	3.900	0.01	0.26%
Mirvac Group	MGR	1.835	1.865	0.03	1.63%
National Storage	NSR	1.455	1.530	0.08	5.15%
SCA Property Group	SCP	2.150	2.250	0.10	4.65%
Scentre Group	SCG	4.350	4.510	0.16	3.68%
Stockland Property	SGP	3.990	4.270	0.28	7.02%
Vicinity Centres	VCX	2.920	3.020	0.10	3.42%
Westfield Corporation	WFD	9.560	9.630	0.07	0.73%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 05 February 2016, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 05 February 2016. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

nulla nulla · 28 February 2016

A-REIT Sector: Weekending Friday 26 February 2016

The A-REIT sector continues to move sideways and upwards in sharp contrast to the All-Ords and the rest of the markets. How long can this last? The A-REIT sector is now testing the 5 year highs of March last year. Then it was fueled by low interest rates in Japan (and the highs didn't last too long) and while there has been a repeat this year of the low interest rates in Japan there also appears to be a flight to safety as investors flee the resources and financial sectors.

The interesting thing this time is that some of the performers last year are still at much lower share prices than their previous peaks. They aren't hard to find (there are only 17 shares in the sector, likely soon to be 16) and their yields, price/earnings etc are still relatively attractive. Monday could be interesting if there is any portfolio reweighting adding to the volatility. Good luck.

Property Sector as at 26 February 2016:

The A-REIT Table for closing prices for Weekending 26 February 2016 follows:

Code	Closing Price	Capital	Earnings $	ROE	Dist $	Yield %	P/E	NTA $	Premium to NTA

ABP	2.880	1,595,065,441	0.2546	8.84%	0.1697	5.89%	11.31	2.49	15.66%
BWP	3.260	2,094,171,198	0.3284	10.07%	0.1637	5.02%	9.93	2.24	45.54%
CHC	4.460	1,824,868,278	0.3280	7.35%	0.2540	5.70%	13.60	2.76	61.59%
CQR	4.330	1,740,882,012	0.4355	10.06%	0.2780	6.42%	9.94	3.59	20.61%
CMW	1.025	1,791,396,961	0.0858	8.37%	0.0797	7.78%	11.95	0.65	57.69%
DXS	7.520	7,278,966,644	0.6758	8.99%	0.4441	5.91%	11.13	6.68	12.57%
GMG	6.530	11,558,741,990	0.6920	10.60%	0.2300	3.52%	9.44	3.46	88.73%
GOZ	3.070	1,747,857,259	0.2570	8.37%	0.2010	6.55%	11.95	2.16	42.13%
GPT	4.970	8,920,238,149	0.4875	9.81%	0.2250	4.53%	10.19	4.03	23.33%
IOF	3.980	2,443,908,883	0.2920	7.34%	0.1950	4.90%	13.63	3.62	9.94%
MGR	1.835	6,791,689,434	0.1651	9.00%	0.0960	5.23%	11.11	1.74	5.46%
NSR	1.530	511,718,306	-0.0045	-0.29%	0.0850	5.56%	-340.00	1.11	37.84%
SCP	2.270	1,664,795,604	0.2290	10.09%	0.1180	5.20%	9.91	1.77	28.25%
SCG	4.420	23,533,391,317	0.4448	10.06%	0.2065	4.67%	9.94	3.11	42.12%
SGP	4.200	9,985,576,532	0.3850	9.17%	0.2420	5.76%	10.91	3.68	14.13%
VCX	3.120	12,350,989,984	0.2556	8.19%	0.1730	5.54%	12.21	2.45	27.35%
WFD	9.970	20,718,554,169	0.5427	5.44%	0.3285	3.29%	18.37	4.99	99.80%

The comparison table of this weeks closing prices versus last weeks closing prices follows:

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		19-Feb-16	26-Feb-16
Abacus Property	ABP	2.910	2.880	-0.03	-1.03%
BWP Trust	BWP	3.160	3.260	0.10	3.16%
Charter Hall	CHC	4.410	4.460	0.05	1.13%
Charter Hall Retail	CQR	4.270	4.330	0.06	1.41%
Cromwell	CMW	0.985	1.025	0.04	4.06%
Dexus	DXS	7.360	7.520	0.16	2.17%
Goodman Group	GMG	6.510	6.530	0.02	0.31%
Growthpoint Properties	GOZ	3.090	3.070	-0.02	-0.65%
GPT Group	GPT	4.940	4.970	0.03	0.61%
Investa Office	IOF	3.900	3.980	0.08	2.05%
Mirvac Group	MGR	1.865	1.835	-0.03	-1.61%
National Storage	NSR	1.530	1.530	0.00	0.00%
SCA Property Group	SCP	2.250	2.270	0.02	0.89%
Scentre Group	SCG	4.510	4.420	-0.09	-2.00%
Stockland Property	SGP	4.270	4.200	-0.07	-1.64%
Vicinity Centres	VCX	3.020	3.120	0.10	3.31%
Westfield Corporation	WFD	9.630	9.970	0.34	3.53%

Comments:

1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.

2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 05 February 2016, can change from day to day due to active share buy-back programs and other factors.

3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 05 February 2016. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.

4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.

5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.

Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck

.

Toyota Lexcen · 29 February 2016

thanks nulla nulla

property, property, property

it is strange that the property trusts are doing reasonably well, with the economy supposedly on its knees the trusts are holding up

M & A in the sector has helped i feel

A-REIT valuation model

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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Positive Expectancy

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