A-REIT valuation model

nulla nulla · 6 March 2016

A-REIT Sector: Weekending Friday 04 March 2016

The A-REIT sector closed down 1.26% for the week. This doesn't seem all that bad for a weeks trading but in the preceding four days (Monday to Thursday) the A-REIT sector had actually gained a further 1.87% on last weeks close. The fall on Friday wiped out a total of 3.13% on the day erasing two weeks of steady gains. Financials and mining were up on Friday, maybe some of the investors seeking security in the A-REIT's have decided it was time to go back to the other sectors? This certainly makes for volatility. Good luck.

The A-REIT Table for closing prices for Weekending 04 March 2016 follows:

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

ABP	2.930	1,622,757,549	0.2546	8.69%	0.1697	5.79%	11.51	2.49	17.67%
BWP	3.220	2,068,475,846	0.3284	10.20%	0.1637	5.08%	9.81	2.24	43.75%
CHC	4.460	1,824,868,278	0.3280	7.35%	0.2540	5.70%	13.60	2.76	61.59%
CQR	4.320	1,736,861,499	0.4355	10.08%	0.2780	6.44%	9.92	3.59	20.33%
CMW	1.005	1,756,442,874	0.0858	8.54%	0.0797	7.93%	11.71	0.65	54.62%
DXS	7.530	7,288,646,121	0.6758	8.97%	0.4441	5.90%	11.14	6.68	12.72%
GMG	6.440	11,399,433,142	0.6920	10.75%	0.2300	3.57%	9.31	3.46	86.13%
GOZ	3.040	1,730,777,220	0.2570	8.45%	0.2010	6.61%	11.83	2.16	40.74%
GPT	4.870	8,740,756,496	0.4875	10.01%	0.2250	4.62%	9.99	4.03	20.84%
IOF	3.940	2,419,346,985	0.2920	7.41%	0.1950	4.95%	13.49	3.62	8.84%
MGR	1.855	6,865,713,297	0.1651	8.90%	0.0960	5.18%	11.24	1.74	6.61%
NSR	1.520	508,373,742	-0.0045	-0.30%	0.0850	5.59%	-337.78	1.11	36.94%
SCP	2.210	1,620,792,196	0.2290	10.36%	0.1180	5.34%	9.65	1.77	24.86%
SCG	4.310	22,947,718,682	0.4448	10.32%	0.2065	4.79%	9.69	3.11	38.59%
SGP	4.150	9,866,700,621	0.3850	9.28%	0.2420	5.83%	10.78	3.68	12.77%
VCX	3.030	11,994,711,427	0.2556	8.44%	0.1730	5.71%	11.85	2.45	23.67%
WFD	9.910	20,593,868,788	0.5427	5.48%	0.3285	3.31%	18.26	4.99	98.60%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		26-Feb-16	04-Mar-16
Abacus Property	ABP	2.880	2.930	0.05	1.74%
BWP Trust	BWP	3.260	3.220	-0.04	-1.23%
Charter Hall	CHC	4.460	4.460	0.00	0.00%
Charter Hall Retail	CQR	4.330	4.320	-0.01	-0.23%
Cromwell	CMW	1.025	1.005	-0.02	-1.95%
Dexus	DXS	7.520	7.530	0.01	0.13%
Goodman Group	GMG	6.530	6.440	-0.09	-1.38%
Growthpoint Properties	GOZ	3.070	3.040	-0.03	-0.98%
GPT Group	GPT	4.970	4.870	-0.10	-2.01%
Investa Office	IOF	3.980	3.940	-0.04	-1.01%
Mirvac Group	MGR	1.835	1.855	0.02	1.09%
National Storage	NSR	1.530	1.520	-0.01	-0.65%
SCA Property Group	SCP	2.270	2.210	-0.06	-2.64%
Scentre Group	SCG	4.420	4.310	-0.11	-2.49%
Stockland Property	SGP	4.200	4.150	-0.05	-1.19%
Vicinity Centres	VCX	3.120	3.030	-0.09	-2.88%
Westfield Corporation	WFD	9.970	9.910	-0.06	-0.60%

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 · 13 March 2016

A-REIT Sector: Weekending Friday 11 March 2016

The A-REIT sector rebounded for week ending 11 March 2016, finishing up 2.44% for the week. The sector is once again testing 5 year highs. The Aud$ went up, the Chinese government relaxed their banking rules to encourage lending, the Central European Banks are trying to stimulate investment/lending and euphoria appears to have snuck out of the cupboards.

With some shares tickling six year highs (and others dragging a chain) I am reminded of Buffets philosophy of being bold when others are afraid and afraid when others are bold. The experts can't make up their minds as to whether there is a big down turn coming or this is the start of a recovery. All adds to the volatility but at these levels I am increasingly wary of getting in on a dip only to find out it is the start of a rout. Good luck.

The A-REIT Table for closing prices for Weekending 11 March 2016 follows:

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

ABP	2.950	1,633,834,393	0.2546	8.63%	0.1697	5.75%	11.59	2.49	18.47%
BWP	3.300	2,119,866,550	0.3284	9.95%	0.1637	4.96%	10.05	2.24	47.32%
CHC	4.600	1,882,151,139	0.3280	7.13%	0.2540	5.52%	14.02	2.76	66.67%
CQR	4.380	1,760,984,576	0.4355	9.94%	0.2780	6.35%	10.06	3.59	22.01%
CMW	1.010	1,765,181,396	0.0858	8.50%	0.0797	7.89%	11.77	0.65	55.38%
DXS	7.830	7,579,030,428	0.6758	8.63%	0.4441	5.67%	11.59	6.68	17.22%
GMG	6.720	11,895,060,670	0.6920	10.30%	0.2300	3.42%	9.71	3.46	94.22%
GOZ	3.060	1,742,163,913	0.2570	8.40%	0.2010	6.57%	11.91	2.16	41.67%
GPT	4.940	8,866,393,653	0.4875	9.87%	0.2250	4.55%	10.13	4.03	22.58%
IOF	4.130	2,536,016,002	0.2920	7.07%	0.1950	4.72%	14.14	3.62	14.09%
MGR	1.865	6,902,725,228	0.1651	8.85%	0.0960	5.15%	11.30	1.74	7.18%
NSR	1.595	533,457,972	-0.0045	-0.28%	0.0850	5.33%	-354.44	1.11	43.69%
SCP	2.240	1,642,793,900	0.2290	10.22%	0.1180	5.27%	9.78	1.77	26.55%
SCG	4.440	23,639,877,250	0.4448	10.02%	0.2065	4.65%	9.98	3.11	42.77%
SGP	4.260	10,128,227,626	0.3850	9.04%	0.2420	5.68%	11.06	3.68	15.76%
VCX	3.120	12,350,989,984	0.2556	8.19%	0.1730	5.54%	12.21	2.45	27.35%
WFD	10.000	20,780,896,860	0.5427	5.43%	0.3285	3.29%	18.43	4.99	100.40%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		04-Mar-16	11-Mar-16
Abacus Property	ABP	2.930	2.950	0.02	0.68%
BWP Trust	BWP	3.220	3.300	0.08	2.48%
Charter Hall	CHC	4.460	4.600	0.14	3.14%
Charter Hall Retail	CQR	4.320	4.380	0.06	1.39%
Cromwell	CMW	1.005	1.010	0.01	0.50%
Dexus	DXS	7.530	7.830	0.30	3.98%
Goodman Group	GMG	6.440	6.720	0.28	4.35%
Growthpoint Properties	GOZ	3.040	3.060	0.02	0.66%
GPT Group	GPT	4.870	4.940	0.07	1.44%
Investa Office	IOF	3.940	4.130	0.19	4.82%
Mirvac Group	MGR	1.855	1.865	0.01	0.54%
National Storage	NSR	1.520	1.595	0.08	4.93%
SCA Property Group	SCP	2.210	2.240	0.03	1.36%
Scentre Group	SCG	4.310	4.440	0.13	3.02%
Stockland Property	SGP	4.150	4.260	0.11	2.65%
Vicinity Centres	VCX	3.030	3.120	0.09	2.97%
Westfield Corporation	WFD	9.910	10.000	0.09	0.91%

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 March 2016

A-REIT Sector: Weekending Friday 18 March 2016

The A-REIT sector is still tracking sideways and trying for upwards. However it appears to be meeting resistance at the 13.60 level. Share prices for the individual companies making up the sector continue to swing back and forth providing plenty of trade opportunities for those brave and/or insane enough to trade the tight spreads at these price levels. Good luck.

The A-REIT Table for closing prices for Weekending 18 March 2016 follows:

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

ABP	3.020	1,672,603,344	0.2546	8.43%	0.1697	5.62%	11.86	2.49	21.29%
BWP	3.400	2,184,104,930	0.3284	9.66%	0.1637	4.81%	10.35	2.24	51.79%
CHC	4.700	1,923,067,468	0.3280	6.98%	0.2540	5.40%	14.33	2.76	70.29%
CQR	4.480	1,801,189,703	0.4355	9.72%	0.2780	6.21%	10.29	3.59	24.79%
CMW	1.050	1,835,089,570	0.0858	8.17%	0.0797	7.59%	12.24	0.65	61.54%
DXS	7.940	7,685,504,674	0.6758	8.51%	0.4441	5.59%	11.75	6.68	18.86%
GMG	6.700	11,859,658,704	0.6920	10.33%	0.2300	3.43%	9.68	3.46	93.64%
GOZ	3.150	1,793,404,028	0.2570	8.16%	0.2010	6.38%	12.26	2.16	45.83%
GPT	4.900	8,794,600,992	0.4875	9.95%	0.2250	4.59%	10.05	4.03	21.59%
IOF	4.180	2,566,718,374	0.2920	6.99%	0.1950	4.67%	14.32	3.62	15.47%
MGR	1.885	6,976,749,092	0.1651	8.76%	0.0960	5.09%	11.42	1.74	8.33%
NSR	1.610	538,474,818	-0.0045	-0.28%	0.0850	5.28%	-357.78	1.11	45.05%
SCP	2.290	1,679,463,407	0.2290	10.00%	0.1180	5.15%	10.00	1.77	29.38%
SCG	4.360	23,213,933,516	0.4448	10.20%	0.2065	4.74%	9.80	3.11	40.19%
SGP	4.220	10,033,126,897	0.3850	9.12%	0.2420	5.73%	10.96	3.68	14.67%
VCX	3.120	12,350,989,984	0.2556	8.19%	0.1730	5.54%	12.21	2.45	27.35%
WFD	9.920	20,614,649,685	0.5427	5.47%	0.3285	3.31%	18.28	4.99	98.80%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		11-Mar-16	18-Mar-16
Abacus Property	ABP	2.950	3.020	0.07	2.37%
BWP Trust	BWP	3.300	3.400	0.10	3.03%
Charter Hall	CHC	4.600	4.700	0.10	2.17%
Charter Hall Retail	CQR	4.380	4.480	0.10	2.28%
Cromwell	CMW	1.010	1.050	0.04	3.96%
Dexus	DXS	7.830	7.940	0.11	1.40%
Goodman Group	GMG	6.720	6.700	-0.02	-0.30%
Growthpoint Properties	GOZ	3.060	3.150	0.09	2.94%
GPT Group	GPT	4.940	4.900	-0.04	-0.81%
Investa Office	IOF	4.130	4.180	0.05	1.21%
Mirvac Group	MGR	1.865	1.885	0.02	1.07%
National Storage	NSR	1.595	1.610	0.02	0.94%
SCA Property Group	SCP	2.240	2.290	0.05	2.23%
Scentre Group	SCG	4.440	4.360	-0.08	-1.80%
Stockland Property	SGP	4.260	4.220	-0.04	-0.94%
Vicinity Centres	VCX	3.120	3.120	0.00	0.00%
Westfield Corporation	WFD	10.000	9.920	-0.08	-0.80%

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 · 27 March 2016

A-REIT Sector: Weekending Thursday 24 March 2016

Looks to my untrained eye that the A-REIT sector is forming a pennant, tracking sideways, moving up to resistance and getting pushed down to support then repeating the cycle in a narrowing pattern. Is this the signal for a breakout? If so where is it going to go?

Reports suggest that building approvals are down but Brick works issues a report that demand for building materials is up. It can't all be do it yourselfers. Business confidence is supposed to be down but flight bookings between Melbourne and Sydney are at all time highs suggesting it is business travel rather than tourism. Retailers have stopped whinging about there being no g.s.t on international online purchases (under $1000 in value) no doubt they will find something else to whinge about later as now they are too busy accommodating consumers maxing out their credit cards. And now Mr Turnbull wants to change the way in which preferences are distributed between election candidates to improve his chance of getting control of the senate after his double dissolution election in July. And the markets are in constant flux providing volatility and opportunity for all. Good luck.

The A-REIT Table for closing prices for Weekending 24 March 2016 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	3.430	2,203,376,444	0.3284	9.57%	0.1637	4.77%	10.44	2.24	53.13%
CHC	4.690	1,918,975,835	0.3280	6.99%	0.2540	5.42%	14.30	2.76	69.93%
CQR	4.510	1,813,251,241	0.4355	9.66%	0.2780	6.16%	10.36	3.59	25.63%
CMW	1.045	1,826,351,048	0.0858	8.21%	0.0797	7.63%	12.18	0.65	60.77%
DXS	7.900	7,646,786,767	0.6758	8.55%	0.4441	5.62%	11.69	6.68	18.26%
GMG	6.710	11,877,359,687	0.6920	10.31%	0.2300	3.43%	9.70	3.46	93.93%
GOZ	3.130	1,782,017,336	0.2570	8.21%	0.2010	6.42%	12.18	2.16	44.91%
GPT	4.940	8,866,393,653	0.4875	9.87%	0.2250	4.55%	10.13	4.03	22.58%
IOF	4.150	2,548,296,951	0.2920	7.04%	0.1950	4.70%	14.21	3.62	14.64%
MGR	1.885	6,976,749,092	0.1651	8.76%	0.0960	5.09%	11.42	1.74	8.33%
NSR	1.610	538,474,818	-0.0045	-0.28%	0.0850	5.28%	-357.78	1.11	45.05%
SCP	2.250	1,650,127,802	0.2290	10.18%	0.1180	5.24%	9.83	1.77	27.12%
SCG	4.330	23,054,204,616	0.4448	10.27%	0.2065	4.77%	9.73	3.11	39.23%
SGP	4.210	10,009,351,715	0.3850	9.14%	0.2420	5.75%	10.94	3.68	14.40%
VCX	3.130	12,390,576,491	0.2556	8.17%	0.1730	5.53%	12.25	2.45	27.76%
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%
		18-Mar-16	24-Mar-16
Abacus Property	ABP	3.020	2.990	-0.03	-0.99%
BWP Trust	BWP	3.400	3.430	0.03	0.88%
Charter Hall	CHC	4.700	4.690	-0.01	-0.21%
Charter Hall Retail	CQR	4.480	4.510	0.03	0.67%
Cromwell	CMW	1.050	1.045	-0.01	-0.48%
Dexus	DXS	7.940	7.900	-0.04	-0.50%
Goodman Group	GMG	6.700	6.710	0.01	0.15%
Growthpoint Properties	GOZ	3.150	3.130	-0.02	-0.63%
GPT Group	GPT	4.900	4.940	0.04	0.82%
Investa Office	IOF	4.180	4.150	-0.03	-0.72%
Mirvac Group	MGR	1.885	1.885	0.00	0.00%
National Storage	NSR	1.610	1.610	0.00	0.00%
SCA Property Group	SCP	2.290	2.250	-0.04	-1.75%
Scentre Group	SCG	4.360	4.330	-0.03	-0.69%
Stockland Property	SGP	4.220	4.210	-0.01	-0.24%
Vicinity Centres	VCX	3.120	3.130	0.01	0.32%
Westfield Corporation	WFD	9.920	10.080	0.16	1.61%

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 · 3 April 2016

A-REIT Sector: Weekending Friday 01 April 2016

The A-REIT Sector surged on Thursday 31 March 2016 looking like it would break through the resistance point around 13.6 but failed miserably, falling back on Friday to close out the week at 13.35. It looks like Thursdays action was more likely first quarter portfolio management as fund managers reweighted their clients investment portfolio's and generated some brokerage. The subsequent correction on Friday was enough to push the sector down on the previous weeks close. Once again there were plenty of opportunities during the week in the individual shares making up the sector but only for the brave and/or crazy. Good luck.

The A-REIT Table for closing prices for Weekending 01 April 2016 follows:

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

ABP	2.940	1,628,295,971	0.2546	8.66%	0.1697	5.77%	11.55	2.49	18.07%
BWP	3.370	2,164,833,416	0.3284	9.74%	0.1637	4.86%	10.26	2.24	50.45%
CHC	4.550	1,861,692,974	0.3280	7.21%	0.2540	5.58%	13.87	2.76	64.86%
CQR	4.490	1,805,210,216	0.4355	9.70%	0.2780	6.19%	10.31	3.59	25.07%
CMW	1.020	1,782,658,439	0.0858	8.41%	0.0797	7.81%	11.89	0.65	56.92%
DXS	7.790	7,540,312,521	0.6758	8.68%	0.4441	5.70%	11.53	6.68	16.62%
GMG	6.590	11,664,947,889	0.6920	10.50%	0.2300	3.49%	9.52	3.46	90.46%
GOZ	3.090	1,759,243,951	0.2570	8.32%	0.2010	6.50%	12.02	2.16	43.06%
GPT	4.950	8,884,341,819	0.4875	9.85%	0.2250	4.55%	10.15	4.03	22.83%
IOF	4.130	2,536,016,002	0.2920	7.07%	0.1950	4.72%	14.14	3.62	14.09%
MGR	1.870	6,921,231,194	0.1651	8.83%	0.0960	5.13%	11.33	1.74	7.47%
NSR	1.590	531,785,690	-0.0045	-0.28%	0.0850	5.35%	-353.33	1.11	43.24%
SCP	2.220	1,628,126,097	0.2290	10.32%	0.1180	5.32%	9.69	1.77	25.42%
SCG	4.350	23,160,690,549	0.4448	10.23%	0.2065	4.75%	9.78	3.11	39.87%
SGP	4.200	9,985,576,532	0.3850	9.17%	0.2420	5.76%	10.91	3.68	14.13%
VCX	3.130	12,390,576,491	0.2556	8.17%	0.1730	5.53%	12.25	2.45	27.76%
WFD	9.760	20,282,155,335	0.5427	5.56%	0.3285	3.37%	17.98	4.99	95.59%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		24-Mar-16	01-Apr-16
Abacus Property	ABP	2.990	2.940	-0.05	-1.67%
BWP Trust	BWP	3.430	3.370	-0.06	-1.75%
Charter Hall	CHC	4.690	4.550	-0.14	-2.99%
Charter Hall Retail	CQR	4.510	4.490	-0.02	-0.44%
Cromwell	CMW	1.045	1.020	-0.02	-2.39%
Dexus	DXS	7.900	7.790	-0.11	-1.39%
Goodman Group	GMG	6.710	6.590	-0.12	-1.79%
Growthpoint Properties	GOZ	3.130	3.090	-0.04	-1.28%
GPT Group	GPT	4.940	4.950	0.01	0.20%
Investa Office	IOF	4.150	4.130	-0.02	-0.48%
Mirvac Group	MGR	1.885	1.870	-0.01	-0.80%
National Storage	NSR	1.610	1.590	-0.02	-1.24%
SCA Property Group	SCP	2.250	2.220	-0.03	-1.33%
Scentre Group	SCG	4.330	4.350	0.02	0.46%
Stockland Property	SGP	4.210	4.200	-0.01	-0.24%
Vicinity Centres	VCX	3.130	3.130	0.00	0.00%
Westfield Corporation	WFD	10.080	9.760	-0.32	-3.17%

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 · 10 April 2016

A-REIT Sector: Weekending Friday 08 April 2016

The A-REIT Sector rallied again from last weeks finish. Once again close to the recent resistance level. Once again plenty of opportunity for the diligent through the week. Good luck.

The A-REIT Table for closing prices for Weekending 08 April 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	3.380	2,171,257,254	0.3284	9.72%	0.1637	4.84%	10.29	2.24	50.89%
CHC	4.580	1,873,967,873	0.3280	7.16%	0.2540	5.55%	13.96	2.76	65.94%
CQR	4.530	1,821,292,267	0.4355	9.61%	0.2780	6.14%	10.40	3.59	26.18%
CMW	1.035	1,808,874,004	0.0858	8.29%	0.0797	7.70%	12.06	0.65	59.23%
DXS	7.910	7,656,466,244	0.6758	8.54%	0.4441	5.61%	11.70	6.68	18.41%
GMG	6.670	11,806,555,754	0.6920	10.37%	0.2300	3.45%	9.64	3.46	92.77%
GOZ	3.280	1,867,417,527	0.2570	7.84%	0.2010	6.13%	12.76	2.16	51.85%
GPT	4.950	8,884,341,819	0.4875	9.85%	0.2250	4.55%	10.15	4.03	22.83%
IOF	4.140	2,542,156,476	0.2920	7.05%	0.1950	4.71%	14.18	3.62	14.36%
MGR	1.920	7,106,290,852	0.1651	8.60%	0.0960	5.00%	11.63	1.74	10.34%
NSR	1.575	526,768,844	-0.0045	-0.29%	0.0850	5.40%	-350.00	1.11	41.89%
SCP	2.210	1,620,792,196	0.2290	10.36%	0.1180	5.34%	9.65	1.77	24.86%
SCG	4.430	23,586,634,284	0.4448	10.04%	0.2065	4.66%	9.96	3.11	42.44%
SGP	4.280	10,175,777,990	0.3850	9.00%	0.2420	5.65%	11.12	3.68	16.30%
VCX	3.170	12,548,922,516	0.2556	8.06%	0.1730	5.46%	12.40	2.45	29.39%
WFD	9.940	20,656,211,479	0.5427	5.46%	0.3285	3.30%	18.32	4.99	99.20%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		01-Apr-16	08-Apr-16
Abacus Property	ABP	2.940	3.010	0.07	2.38%
BWP Trust	BWP	3.370	3.380	0.01	0.30%
Charter Hall	CHC	4.550	4.580	0.03	0.66%
Charter Hall Retail	CQR	4.490	4.530	0.04	0.89%
Cromwell	CMW	1.020	1.035	0.01	1.47%
Dexus	DXS	7.790	7.910	0.12	1.54%
Goodman Group	GMG	6.590	6.670	0.08	1.21%
Growthpoint Properties	GOZ	3.090	3.280	0.19	6.15%
GPT Group	GPT	4.950	4.950	0.00	0.00%
Investa Office	IOF	4.130	4.140	0.01	0.24%
Mirvac Group	MGR	1.870	1.920	0.05	2.67%
National Storage	NSR	1.590	1.575	-0.02	-0.94%
SCA Property Group	SCP	2.220	2.210	-0.01	-0.45%
Scentre Group	SCG	4.350	4.430	0.08	1.84%
Stockland Property	SGP	4.200	4.280	0.08	1.90%
Vicinity Centres	VCX	3.130	3.170	0.04	1.28%
Westfield Corporation	WFD	9.760	9.940	0.18	1.84%

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 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 · 12 April 2016

Today the thread rolled past 50,000 views. Not bad for a simple "weekly update" set of tables.

Bill M · 12 April 2016

Don't worry nulla, plenty of us looking. Gone are the good old days when the yields were 8 to 10% per annum. I look to see how it's going, is it improving and how are the yields.

Thanks for your weekly postings, appreciate it a lot. :xyxthumbs

nulla nulla · 17 April 2016

A-REIT Sector: Weekending Friday 15 April 2016

The A-REIT Sector broke above the recent resistance levels, climbing through the week to finish at Fridays close of 13.729. While this is only 1.25% above the previous weeks close, the sector has not been this high since October 2008. The sector has now moved above the highs of February 2015 while the All-Ords, by comparison at 5224, is 730 points off its high of 5954.85 of April 2015.

The average price earnings for the shares making up the property sector (excluding National Storage) is only 11.943. It is possible that there is still room for growth in some of the shares currently below this average. With global fund managers trying to talk our economy down, short our dollar and short our banks, it is anyone's guess as to where the market goes from here. Good luck.

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

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

ABP	3.100	1,716,910,718	0.2546	8.21%	0.1697	5.47%	12.18	2.49	24.50%
BWP	3.390	2,177,681,092	0.3284	9.69%	0.1637	4.83%	10.32	2.24	51.34%
CHC	4.590	1,878,059,506	0.3280	7.15%	0.2540	5.53%	13.99	2.76	66.30%
CQR	4.640	1,865,517,907	0.4355	9.39%	0.2780	5.99%	10.65	3.59	29.25%
CMW	0.980	1,712,750,265	0.0858	8.76%	0.0797	8.13%	11.42	0.65	50.77%
DXS	8.120	7,859,735,259	0.6758	8.32%	0.4441	5.47%	12.02	6.68	21.56%
GMG	6.730	11,912,761,653	0.6920	10.28%	0.2300	3.42%	9.73	3.46	94.51%
GOZ	3.230	1,838,950,797	0.2570	7.96%	0.2010	6.22%	12.57	2.16	49.54%
GPT	4.910	8,812,549,157	0.4875	9.93%	0.2250	4.58%	10.07	4.03	21.84%
IOF	4.110	2,523,735,052	0.2920	7.10%	0.1950	4.74%	14.08	3.62	13.54%
MGR	1.935	7,161,808,749	0.1651	8.53%	0.0960	4.96%	11.72	1.74	11.21%
NSR	1.655	553,525,357	-0.0045	-0.27%	0.0850	5.14%	-367.78	1.11	49.10%
SCP	2.250	1,650,127,802	0.2290	10.18%	0.1180	5.24%	9.83	1.77	27.12%
SCG	4.550	24,225,549,885	0.4448	9.78%	0.2065	4.54%	10.23	3.11	46.30%
SGP	4.300	10,223,328,355	0.3850	8.95%	0.2420	5.63%	11.17	3.68	16.85%
VCX	3.210	12,707,268,542	0.2556	7.96%	0.1730	5.39%	12.56	2.45	31.02%
WFD	10.070	20,926,363,138	0.5427	5.39%	0.3285	3.26%	18.56	4.99	101.80%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		08-Apr-16	15-Apr-16
Abacus Property	ABP	3.010	3.100	0.09	2.99%
BWP Trust	BWP	3.380	3.390	0.01	0.30%
Charter Hall	CHC	4.580	4.590	0.01	0.22%
Charter Hall Retail	CQR	4.530	4.640	0.11	2.43%
Cromwell	CMW	1.035	0.980	-0.05	-5.31%
Dexus	DXS	7.910	8.120	0.21	2.65%
Goodman Group	GMG	6.670	6.730	0.06	0.90%
Growthpoint Properties	GOZ	3.280	3.230	-0.05	-1.52%
GPT Group	GPT	4.950	4.910	-0.04	-0.81%
Investa Office	IOF	4.140	4.110	-0.03	-0.72%
Mirvac Group	MGR	1.920	1.935	0.02	0.78%
National Storage	NSR	1.575	1.655	0.08	5.08%
SCA Property Group	SCP	2.210	2.250	0.04	1.81%
Scentre Group	SCG	4.430	4.550	0.12	2.71%
Stockland Property	SGP	4.280	4.300	0.02	0.47%
Vicinity Centres	VCX	3.170	3.210	0.04	1.26%
Westfield Corporation	WFD	9.940	10.070	0.13	1.31%

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

.

Logique · 17 April 2016

Thanks Nulla, appreciate your efforts.

Property Trusts are showing plenty of resilience. Quite happy to remain exposed to this sector!

nulla nulla · 24 April 2016

A-REIT Sector: Weekending Friday 22 April 2016

The A-REIT Sector started the week well following the All-Ords upwards for three days and everything looked rosy. Then on Thursday the bum fell out of the A-REIT Sector and by close of business on Friday the market had wiped 3% off the Wednesday high. All this while the All-Ords continued to climb. Bit of a change compared to the previous week. Hardest part of the leaps and falls is deciding whether or not a fall is the start of something bigger or a good time to buy.

Good luck.

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

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

ABP	3.090	1,711,372,296	0.2546	8.24%	0.1697	5.49%	12.14	2.49	24.10%
BWP	3.420	2,196,952,606	0.3284	9.60%	0.1637	4.79%	10.41	2.24	52.68%
CHC	4.720	1,931,250,734	0.3280	6.95%	0.2540	5.38%	14.39	2.76	71.01%
CQR	4.680	1,881,599,958	0.4355	9.31%	0.2780	5.94%	10.75	3.59	30.36%
CMW	0.985	1,721,488,787	0.0858	8.71%	0.0797	8.09%	11.48	0.65	51.54%
DXS	8.210	7,946,850,551	0.6758	8.23%	0.4441	5.41%	12.15	6.68	22.90%
GMG	6.760	11,965,864,603	0.6920	10.24%	0.2300	3.40%	9.77	3.46	95.38%
GOZ	3.140	1,787,710,682	0.2570	8.18%	0.2010	6.40%	12.22	2.16	45.37%
GPT	4.810	8,633,067,504	0.4875	10.14%	0.2250	4.68%	9.87	4.03	19.35%
IOF	4.100	2,517,594,578	0.2920	7.12%	0.1950	4.76%	14.04	3.62	13.26%
MGR	1.880	6,958,243,126	0.1651	8.78%	0.0960	5.11%	11.39	1.74	8.05%
NSR	1.635	546,836,229	-0.0045	-0.28%	0.0850	5.20%	-363.33	1.11	47.30%
SCP	2.230	1,635,459,999	0.2290	10.27%	0.1180	5.29%	9.74	1.77	25.99%
SCG	4.530	24,119,063,951	0.4448	9.82%	0.2065	4.56%	10.18	3.11	45.66%
SGP	4.240	10,080,677,261	0.3850	9.08%	0.2420	5.71%	11.01	3.68	15.22%
VCX	3.250	12,865,614,567	0.2556	7.86%	0.1730	5.32%	12.72	2.45	32.65%
WFD	9.940	20,656,211,479	0.5427	5.46%	0.3285	3.30%	18.32	4.99	99.20%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		15-Apr-16	22-Apr-16
Abacus Property	ABP	3.100	3.090	-0.01	-0.32%
BWP Trust	BWP	3.390	3.420	0.03	0.88%
Charter Hall	CHC	4.590	4.720	0.13	2.83%
Charter Hall Retail	CQR	4.640	4.680	0.04	0.86%
Cromwell	CMW	0.980	0.985	0.01	0.51%
Dexus	DXS	8.120	8.210	0.09	1.11%
Goodman Group	GMG	6.730	6.760	0.03	0.45%
Growthpoint Properties	GOZ	3.230	3.140	-0.09	-2.79%
GPT Group	GPT	4.910	4.810	-0.10	-2.04%
Investa Office	IOF	4.110	4.100	-0.01	-0.24%
Mirvac Group	MGR	1.935	1.880	-0.06	-2.84%
National Storage	NSR	1.655	1.635	-0.02	-1.21%
SCA Property Group	SCP	2.250	2.230	-0.02	-0.89%
Scentre Group	SCG	4.550	4.530	-0.02	-0.44%
Stockland Property	SGP	4.300	4.240	-0.06	-1.40%
Vicinity Centres	VCX	3.210	3.250	0.04	1.25%
Westfield Corporation	WFD	10.070	9.940	-0.13	-1.29%

[/td]
[/tr]

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 · 30 April 2016

A-REIT Sector: Weekending Friday 29 April 2016

The A-REIT Sector stabilised at the start of the week then reached for the stars. Some of the share prices of the stocks making up the sector are starting to look like the buyers have star dust in their eyes. If I owned them I would be getting dizzy. Oddly enough there are still stocks in the sector where the price/earnings ratios' are relatively low and they appear to be sold down and unloved. The volatility continues and the opportunities recur, however I might wait for any decent retrace from the upper channel marker before I consider jumping in for a trade

Good luck.

The A-REIT Table for closing prices for Weekending 29 April 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	3.500	2,248,343,311	0.3284	9.38%	0.1637	4.68%	10.66	2.24	56.25%
CHC	4.790	1,959,892,164	0.3280	6.85%	0.2540	5.30%	14.60	2.76	73.55%
CQR	4.760	1,913,764,059	0.4355	9.15%	0.2780	5.84%	10.93	3.59	32.59%
CMW	1.020	1,782,658,439	0.0858	8.41%	0.0797	7.81%	11.89	0.65	56.92%
DXS	8.420	8,150,119,567	0.6758	8.03%	0.4441	5.27%	12.46	6.68	26.05%
GMG	6.890	12,195,977,383	0.6920	10.04%	0.2300	3.34%	9.96	3.46	99.13%
GOZ	3.230	1,838,950,797	0.2570	7.96%	0.2010	6.22%	12.57	2.16	49.54%
GPT	5.030	9,027,927,141	0.4875	9.69%	0.2250	4.47%	10.32	4.03	24.81%
IOF	4.170	2,560,577,900	0.2920	7.00%	0.1950	4.68%	14.28	3.62	15.19%
MGR	1.870	6,921,231,194	0.1651	8.83%	0.0960	5.13%	11.33	1.74	7.47%
NSR	1.720	575,265,023	-0.0045	-0.26%	0.0850	4.94%	-382.22	1.11	54.95%
SCP	2.340	1,716,132,914	0.2290	9.79%	0.1180	5.04%	10.22	1.77	32.20%
SCG	4.690	24,970,951,420	0.4448	9.48%	0.2065	4.40%	10.54	3.11	50.80%
SGP	4.370	10,389,754,630	0.3850	8.81%	0.2420	5.54%	11.35	3.68	18.75%
VCX	3.320	13,142,720,112	0.2556	7.70%	0.1730	5.21%	12.99	2.45	35.51%
WFD	10.100	20,988,705,829	0.5427	5.37%	0.3285	3.25%	18.61	4.99	102.40%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		22-Apr-16	29-Apr-16
Abacus Property	ABP	3.090	3.170	0.08	2.59%
BWP Trust	BWP	3.420	3.500	0.08	2.34%
Charter Hall	CHC	4.720	4.790	0.07	1.48%
Charter Hall Retail	CQR	4.680	4.760	0.08	1.71%
Cromwell	CMW	0.985	1.020	0.04	3.55%
Dexus	DXS	8.210	8.420	0.21	2.56%
Goodman Group	GMG	6.760	6.890	0.13	1.92%
Growthpoint Properties	GOZ	3.140	3.230	0.09	2.87%
GPT Group	GPT	4.810	5.030	0.22	4.57%
Investa Office	IOF	4.100	4.170	0.07	1.71%
Mirvac Group	MGR	1.880	1.870	-0.01	-0.53%
National Storage	NSR	1.635	1.720	0.09	5.20%
SCA Property Group	SCP	2.230	2.340	0.11	4.93%
Scentre Group	SCG	4.530	4.690	0.16	3.53%
Stockland Property	SGP	4.240	4.370	0.13	3.07%
Vicinity Centres	VCX	3.250	3.320	0.07	2.15%
Westfield Corporation	WFD	9.940	10.100	0.16	1.61%

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

.

Logique · 4 May 2016

Scarcely the dizzy heights of 2007, but progress is good!
The index took off after April 2014. Very tidy this calendar year. The recent interest rate cut (to a record low) won't have hurt the sector.

Since March 2013: http://au.finance.yahoo.com/

nulla nulla · 8 May 2016

A-REIT Sector: Weekending Friday 06 May 2016

The A-REIT Sector reached even higher this week on the back of the interest rate cut and the subsequent drop in the Aud$ against the US$. I can still remember the outflow of foreign funds from our share market (particularly the property sector) when the Aud$ started falling from parity against the US$. Now the low dollar and the relatively high yields seem to be encouraging the return of foreign investors back to our shores. It can't all be Chinese money laundering, can it?

I look at the recent rapid climb in A-REIT shares and can't help but think "what goes up must come down". However there are still some quality shares in the sector that have increased in value at a much slower rate and are still offering good yields on lower price earnings ratio's. I wonder if there will be a push down in A-REIT share prices in the next few weeks, followed by an accumulation buildup in the lead up to the June dividend announcements? Good luck

.

A longer term view:

The A-REIT Table for closing prices for Weekending 06 May 2016 follows:

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

ABP	3.260	1,805,525,464	0.2546	7.81%	0.1697	5.21%	12.80	2.49	30.92%
BWP	3.610	2,319,005,529	0.3284	9.10%	0.1637	4.53%	10.99	2.24	61.16%
CHC	4.990	2,041,724,822	0.3280	6.57%	0.2540	5.09%	15.21	2.76	80.80%
CQR	4.790	1,925,825,598	0.4355	9.09%	0.2780	5.80%	11.00	3.59	33.43%
CMW	1.020	1,782,658,439	0.0858	8.41%	0.0797	7.81%	11.89	0.65	56.92%
DXS	8.550	8,275,952,767	0.6758	7.90%	0.4441	5.19%	12.65	6.68	27.99%
GMG	7.120	12,603,099,996	0.6920	9.72%	0.2300	3.23%	10.29	3.46	105.78%
GOZ	3.250	1,850,337,489	0.2570	7.91%	0.2010	6.18%	12.65	2.16	50.46%
GPT	5.200	9,333,045,951	0.4875	9.38%	0.2250	4.33%	10.67	4.03	29.03%
IOF	4.180	2,566,718,374	0.2920	6.99%	0.1950	4.67%	14.32	3.62	15.47%
MGR	1.945	7,198,820,681	0.1651	8.49%	0.0960	4.94%	11.78	1.74	11.78%
NSR	1.800	602,021,536	-0.0045	-0.25%	0.0850	4.72%	-400.00	1.11	62.16%
SCP	2.380	1,745,468,519	0.2290	9.62%	0.1180	4.96%	10.39	1.77	34.46%
SCG	4.680	24,917,708,453	0.4448	9.50%	0.2065	4.41%	10.52	3.11	50.48%
SGP	4.540	10,793,932,728	0.3850	8.48%	0.2420	5.33%	11.79	3.68	23.37%
VCX	3.350	13,261,479,631	0.2556	7.63%	0.1730	5.16%	13.11	2.45	36.73%
WFD	10.490	21,799,160,806	0.5427	5.17%	0.3285	3.13%	19.33	4.99	110.22%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		29-Apr-16	06-May-16
Abacus Property	ABP	3.170	3.260	0.09	2.84%
BWP Trust	BWP	3.500	3.610	0.11	3.14%
Charter Hall	CHC	4.790	4.990	0.20	4.18%
Charter Hall Retail	CQR	4.760	4.790	0.03	0.63%
Cromwell	CMW	1.020	1.020	0.00	0.00%
Dexus	DXS	8.420	8.550	0.13	1.54%
Goodman Group	GMG	6.890	7.120	0.23	3.34%
Growthpoint Properties	GOZ	3.230	3.250	0.02	0.62%
GPT Group	GPT	5.030	5.200	0.17	3.38%
Investa Office	IOF	4.170	4.180	0.01	0.24%
Mirvac Group	MGR	1.870	1.945	0.08	4.01%
National Storage	NSR	1.720	1.800	0.08	4.65%
SCA Property Group	SCP	2.340	2.380	0.04	1.71%
Scentre Group	SCG	4.690	4.680	-0.01	-0.21%
Stockland Property	SGP	4.370	4.540	0.17	3.89%
Vicinity Centres	VCX	3.320	3.350	0.03	0.90%
Westfield Corporation	WFD	10.100	10.490	0.39	3.86%

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

.

skc · 10 May 2016

Interesting article on the AFR about how negative interest rates in Japan is driving REIT (and other yield stocks no doubt) valuations in Australia. This is the globalisation in the chase for yield.

China may have been the source of exuberance in the Australian residential property market, but it is Japanese investors that have lifted ASX-listed real estate investment trusts to bold valuations.

Negative interest rates under Bank of Japan governor Haruhiko Kuroda are believed to have fuelled long positions and by some accounts, a carry trade-style strategy in Australian real estate investment trusts. This led to strong buying last week, taking the property benchmark, the S&P/ASX 200 A-REIT Index, to an eight-year high on Wednesday. It closed at 1433.5 points on Monday.

Read more: http://www.afr.com/markets/equity-m...in-aussie-reits-20160508-gopkry#ixzz48Cj8h0SL
Follow us: @FinancialReview on Twitter | financialreview on Facebook

CanOz · 10 May 2016

skc said:
Interesting article on the AFR about how negative interest rates in Japan is driving REIT (and other yield stocks no doubt) valuations in Australia. This is the globalisation in the chase for yield.

I saw that, you've got to wonder when that bubble pop now...

Toyota Lexcen · 10 May 2016

i sold out of IOF just recently as have done well and not sure where the stock will go with the takeover by DXS falling over,

but I do wonder if its also local investors who have also been buying up the REIT's because they have exited the banks due to the regulation and bear market the banks are in

nulla nulla · 15 May 2016

A-REIT Sector: Weekending Friday 13 May 2016

Once again the A-REIT Sector reached higher through the week but fell back before Friday's close to finish the week at roughly the same level. I'm finding most of the shares in the sector to be overpriced for my liking and I'm sitting on the sidelines rather than punting on the prices going higher. If I'm right there will be a correction in the near future presenting plenty of trade entry opportunities. If I'm wrong I'll have to rethink my strategy. Certainly plenty of volatility at the moment.

The A-REIT Table for closing prices for Weekending 13 May 2016 follows:

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

ABP	3.290	1,822,140,729	0.2546	7.74%	0.1697	5.16%	12.92	2.49	32.13%
BWP	3.610	2,319,005,529	0.3284	9.10%	0.1637	4.53%	10.99	2.24	61.16%
CHC	5.200	2,127,649,113	0.3280	6.31%	0.2540	4.88%	15.85	2.76	88.41%
CQR	4.810	1,933,866,623	0.4355	9.05%	0.2780	5.78%	11.04	3.59	33.98%
CMW	1.030	1,800,135,483	0.0858	8.33%	0.0797	7.74%	12.00	0.65	58.46%
DXS	8.570	8,295,311,720	0.6758	7.89%	0.4441	5.18%	12.68	6.68	28.29%
GMG	7.240	12,815,511,793	0.6920	9.56%	0.2300	3.18%	10.46	3.46	109.25%
GOZ	3.190	1,816,177,412	0.2570	8.06%	0.2010	6.30%	12.41	2.16	47.69%
GPT	5.180	9,297,149,620	0.4875	9.41%	0.2250	4.34%	10.63	4.03	28.54%
IOF	4.180	2,566,718,374	0.2920	6.99%	0.1950	4.67%	14.32	3.62	15.47%
MGR	1.935	7,161,808,749	0.1651	8.53%	0.0960	4.96%	11.72	1.74	11.21%
NSR	1.920	642,156,305	-0.0045	-0.23%	0.0850	4.43%	-426.67	1.11	72.97%
SCP	2.300	1,686,797,308	0.2290	9.96%	0.1180	5.13%	10.04	1.77	29.94%
SCG	4.620	24,598,250,652	0.4448	9.63%	0.2065	4.47%	10.39	3.11	48.55%
SGP	4.590	10,912,808,639	0.3850	8.39%	0.2420	5.27%	11.92	3.68	24.73%
VCX	3.350	13,261,479,631	0.2556	7.63%	0.1730	5.16%	13.11	2.45	36.73%
WFD	10.500	21,819,941,703	0.5427	5.17%	0.3285	3.13%	19.35	4.99	110.42%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		06-May-16	13-May-16
Abacus Property	ABP	3.260	3.290	0.03	0.92%
BWP Trust	BWP	3.610	3.610	0.00	0.00%
Charter Hall	CHC	4.990	5.200	0.21	4.21%
Charter Hall Retail	CQR	4.790	4.810	0.02	0.42%
Cromwell	CMW	1.020	1.030	0.01	0.98%
Dexus	DXS	8.550	8.570	0.02	0.23%
Goodman Group	GMG	7.120	7.240	0.12	1.69%
Growthpoint Properties	GOZ	3.250	3.190	-0.06	-1.85%
GPT Group	GPT	5.200	5.180	-0.02	-0.38%
Investa Office	IOF	4.180	4.180	0.00	0.00%
Mirvac Group	MGR	1.945	1.935	-0.01	-0.51%
National Storage	NSR	1.800	1.920	0.12	6.67%
SCA Property Group	SCP	2.380	2.300	-0.08	-3.36%
Scentre Group	SCG	4.680	4.620	-0.06	-1.28%
Stockland Property	SGP	4.540	4.590	0.05	1.10%
Vicinity Centres	VCX	3.350	3.350	0.00	0.00%
Westfield Corporation	WFD	10.490	10.500	0.01	0.10%

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

.

skc · 15 May 2016

CanOz said:
I saw that, you've got to wonder when that bubble pop now...

I am building a list of stocks to short if and when the debt bubble pops. REITs are up there and TCL ,SYD etc are up there as well.

However I am not holding my breath and may have to put the list on my will so my children will short TCL @ $100 when the interest rate finally start to rise from -22% in 2068.

nulla nulla · 22 May 2016

A-REIT Sector: Weekending Friday 20 May 2016

The A-REIT Sector mostly moved sideways last week. Plenty of volatility among the stocks making up the sector as the Aud$ slipped back against the US$. Probably a mix of foreign funds coming into the sector pushing prices up being offset by profit taking pushing prices down. The contradictions and fairy tales coming out about the impact on negative gearing and housing prices if the Labour Party gets elected is probably also contributing to the volatility. Only another 6 or so weeks to go.

The A-REIT Table for closing prices for Weekending 20 May 2016 follows:

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

ABP	3.230	1,788,910,199	0.2546	7.88%	0.1697	5.25%	12.69	2.49	29.72%
BWP	3.590	2,306,157,853	0.3284	9.15%	0.1637	4.56%	10.93	2.24	60.27%
CHC	5.320	2,176,748,708	0.3280	6.17%	0.2540	4.77%	16.22	2.76	92.75%
CQR	4.710	1,893,661,496	0.4355	9.25%	0.2780	5.90%	10.82	3.59	31.20%
CMW	1.040	1,817,612,526	0.0858	8.25%	0.0797	7.66%	12.12	0.65	60.00%
DXS	8.820	8,537,298,643	0.6758	7.66%	0.4441	5.04%	13.05	6.68	32.04%
GMG	7.240	12,815,511,793	0.6920	9.56%	0.2300	3.18%	10.46	3.46	109.25%
GOZ	3.250	1,850,337,489	0.2570	7.91%	0.2010	6.18%	12.65	2.16	50.46%
GPT	5.280	9,476,631,273	0.4875	9.23%	0.2250	4.26%	10.83	4.03	31.02%
IOF	4.260	2,615,842,171	0.2920	6.85%	0.1950	4.58%	14.59	3.62	17.68%
MGR	1.925	7,124,796,818	0.1651	8.58%	0.0960	4.99%	11.66	1.74	10.63%
NSR	1.870	625,433,485	-0.0045	-0.24%	0.0850	4.55%	-415.56	1.11	68.47%
SCP	2.280	1,672,129,506	0.2290	10.04%	0.1180	5.18%	9.96	1.77	28.81%
SCG	4.660	24,811,222,519	0.4448	9.55%	0.2065	4.43%	10.48	3.11	49.84%
SGP	4.570	10,865,258,275	0.3850	8.42%	0.2420	5.30%	11.87	3.68	24.18%
VCX	3.270	12,944,787,580	0.2556	7.82%	0.1730	5.29%	12.79	2.45	33.47%
WFD	10.450	21,716,037,219	0.5427	5.19%	0.3285	3.14%	19.26	4.99	109.42%

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

Share	Code	Closing_Price	Closing_Price	Change$	Change%
		13-May-16	20-May-16
Abacus Property	ABP	3.290	3.230	-0.06	-1.82%
BWP Trust	BWP	3.610	3.590	-0.02	-0.55%
Charter Hall	CHC	5.200	5.320	0.12	2.31%
Charter Hall Retail	CQR	4.810	4.710	-0.10	-2.08%
Cromwell	CMW	1.030	1.040	0.01	0.97%
Dexus	DXS	8.570	8.820	0.25	2.92%
Goodman Group	GMG	7.240	7.240	0.00	0.00%
Growthpoint Properties	GOZ	3.190	3.250	0.06	1.88%
GPT Group	GPT	5.180	5.280	0.10	1.93%
Investa Office	IOF	4.180	4.260	0.08	1.91%
Mirvac Group	MGR	1.935	1.925	-0.01	-0.52%
National Storage	NSR	1.920	1.870	-0.05	-2.60%
SCA Property Group	SCP	2.300	2.280	-0.02	-0.87%
Scentre Group	SCG	4.620	4.660	0.04	0.87%
Stockland Property	SGP	4.590	4.570	-0.02	-0.44%
Vicinity Centres	VCX	3.350	3.270	-0.08	-2.39%
Westfield Corporation	WFD	10.500	10.450	-0.05	-0.48%

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

.

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