A-REIT valuation model

[nulla nulla]

A-REIT Sector: Weekending Friday 11 November 2016


Our market started on Wednesday with a small climb on the back of optimism that Hilary was going to win. However by midday this looked doubtful and the market plunged, the All-Ords down 200 points before it recovered to be down 103 points. Then on Thursday and Friday the All-ords climbed on the coat-tails of the Dow Jones which closed on Friday (their time) at record highs.

I have included charts for the Dow-Jones, the All-Ords and the A-REIT Property Sector. The comparison is interesting. I suspect that the All-Ords may climb another couple of hundred points on the back of U.S euphoria and the A-REIT's dip further as more funds are transferred into resources. However I think that this is bubble getting ready to pop. In my humble opinion the A-REIT Sector is now in "oversold" territory and will likely attract long term foreign investors before much longer.

DJIA



All-Ords



A-REIT's



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





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





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 28 October 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 28 October 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]

A-REIT Sector: Weekending Friday 18 November 2016


Resources up, resources down, Banking up, banking mixed as WBC went ex-div, A-REIT's down, then A-REIT's up 1.82%. All in all only minor changes overall for the week as the world looks to the U.S.A to see what leads they can garner from the President Elect Donald Trump, as to what he will and won't do and who he will put on his team. More crystal ball gazing, tea leaf reading, astrology and second guessing. Good Luck .




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





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



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 28 October 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 28 October 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 .

 

[peter2]

REITS: The trend is still very much down, but there are minor indications of a pause.

Left chart: Vanguard property ETF (VAP) Daily chart: There's been some buying last week which has caused the TMF (Twiggs Money Flow - volume indicator) to turn up. Bottom pane - brown squiggly line.

Middle chart: VAP - Weekly: Last weeks price action shows a bullish bar, but much too early to call a pause of the strong trend down.

Right chart: Westfield Corp (WFD) weekly chart. This chart shows a much stronger bullish bar (bullish engulfing bar). It's the only REIT chart to show this so it's much too early to call a bottom in this sector. WFD has been one of the weakest REITs so maybe demand has started here first.

The top panes in all charts show just how weak this sector has been relative to the XAO index. I don't trade REITS, but in a difficult market I'll trade anything with an acceptable RR opportunity. REITs aren't there yet, but it might be worth monitoring each week for such an opportunity.

 

[nulla nulla]

A-REIT Sector: Weekending Friday 25 November 2016


The A-REIT Sector gained 2.6% this week only slightly less than the All-Ords. The Sector has clawed back some of it's losses for the second week running. Is this the start of a recovery for the sector? Is this an early start to a Christmas rally? Is this the start of a dividend rally in the lead up to xmas? There are plenty of shares in the sector that will go ex-div around xmas with some pretty good yield rates at current prices? Or is this just a dead cat bounce as the global investors continue to push funds into resources & bonds? Anyone looked at BHP, RIO and FMG lately? Certainly makes for volatility. Good Luck .




The A-REIT Table for closing prices for Weekending 25 November 2016 follows:





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






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 28 October 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 28 October 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]

A-REIT Sector: Weekending Friday 02 December 2016

The A-REIT Sector rebound stalled and is looking more a dead cat bounce as global investors continue to push funds into resources & bonds. Early in the week the Chinese futures traders sold down resources only to see them rebound at the end of the week. Early in the week money flooded into our A-REIT sector only to see most gains evaporate on Thursday & Friday. There were good profits to be taken on the spreads with re-entry price levels recurring (for the brave) on Thursday and Friday. Certainly makes for volatility. Good Luck .





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



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 28 October 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 28 October 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 .

 

[peter2]

The chart of the Vangard property ETF, VAP is looking much healthier.
Price has broken through a sloping resistance line (not shown because it's not a strong indicator) and formed a higher low. This creates a low sized risk reversal opportunity if this sector interests you.

Other similar charts are SYD, VCX, BWP, CMW, DXS, GMG, MGR.

 

[nulla nulla]

A-REIT Sector: Weekending Friday 09 December 2016

This week the A-REIT Sector surged 3.75% to 1337 versus the All-Ords increase of 2.06% to 5615.80. Further the Dow Jones climbed to 19,756.85 prompting some reputable analysts to suggest that the Dow Jones will go past 20,000 in the short term. With a current sector average price/earnings of 8.11% (excluding NSR) the A-REIT Sector appears to be a tad oversold and have significant scope for further growth (in my opinion). All the negatives in the global market still exist so I find it hard to understand the exuberance that has emerged since the "Brexit" result, the win of Donald Trump in the U.S Presidential election and the resignation of the Italian Prime Minister (and the New Zealand Prime Minister). However it all makes for volatility and opportunity for the quick and the brave. Good Luck .




The A-REIT Table for closing prices for Weekending 09 December 2016 follows:




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



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 28 October 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 28 October 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]

A-REIT Sector: Weekending Friday 16 December 2016


Some up some down. The US Federal Reserve increased interest rates as expect but what was not expected was the suggestion that interest rates could increase over the next twelve months by as many as 3 or 4 instances. The market got the shakes and the xmas rally took an early holiday. Any excuse for a sell off and/or a buy back. More volatility. Good Luck .




The A-REIT Table for closing prices for Weekending 16 December 2016 follows:



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



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 28 October 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 28 October 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]

A-REIT Sector: Weekending Friday 23 December 2016



Any excuse for a sell off and/or a buy back. This week the buyers flocked in to capitalize on the previous weeks sell off and the A-REIT Sector was hot on the buy list. Investors pushed the sector up by 4.42% compared to the lift in the All-Ords of 1.54% for the week. Next week most of the A-REIT's will trade ex-div on Thursday 29 December 2016, so Wednesday will be the last opportunity for buyers to jump in for those relatively high yields. That of course could become a dividend trap as the shares do tend to drop after going ex-div. This year it will be interesting to see if they recover in value as quickly as they have in some of the previous years. Go the volatility. Good Luck and best wishes for safe and Merry Xmas and a prosperous New Year to all the readers. .





The A-REIT Table for closing prices for Weekending 23 December 2016 follows:




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



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 28 October 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 28 October 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]

Most of the A-REIT's will trade "Ex-div" today. That and the Dow-Jones being down overnight will likely see price drops across the sector by the dividend amounts and possibly a little bit more. This could provide some re-entry points for the bold.

 

[nulla nulla]

A-REIT Sector: Weekending Friday 30 December 2016

A fairly flat week for the All-Ords and the A-REIT Sector with most of the big players on their Christmas holiday. This will likely continue until 09 January 2017. Most of the A-REIT's that went Ex-div on 29 December 2016 dropped in price on Thursdays opening then staged a slow recovery over Thursday and Friday getting back to or just below their closing prices before going ex-div. I suspect a few of the shares in this sector will continue to climb in the first week of January 2017 on small volumes. Good Luck .





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



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 28 October 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 28 October 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. 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]

A-REIT Sector: Weekending Friday 06-January-2017


A reasonable good end to the week with most of the shares in the A-REIT Sector holding above their ex-div prices. Volumes were mostly low but that is understandable with most of the fund managers being on leave until next week. Once again there appeared to be a bit of a sell off with investors channeling their funds out of Infrastructure and REIT's into resources and banks. Makes for volatility and perhaps opportunity. Good Luck .




The A-REIT Table for closing prices for Weekending 06-January-2017 follows:



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



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 28 October 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 28 October 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 no longer hyper-link to the last page 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]

A-REIT Sector: Weekending Friday 13-January-2017


Looks like the world is starting to realize that "talk is cheap". The market has been surging on speculation for those stocks that would benefit from the Donald Trump election hype. However as Obama winds up his final term and the commencement date for Trump draws near, the lack of any substantial policy details to support how Trump is "going to make America great again" has caused a bit of unease in global markets. The US$ is down against most currencies, gold is up, banks are down and resources are jittery. Chinese export figures for November were also lower than expected and now everyone is waiting to see whether Christmas spending in December was sufficient to boost demand from China as well as boost the local economy.

A-REIT's took a beating last week and many of the shares have moved into "oversold" territory as per MACD charts and Relative Strength Index charts. Once again high yields and low price/earnings ratios must be starting to look attractive to overseas fund managers. The volatility and perhaps opportunity continues. Good Luck .




The A-REIT Table for closing prices for Weekending 13-January-2017 follows:




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





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 28 October 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 28 October 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 no longer hyper-link to the last page 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 .

 

[SilverRanger]

Yes I'm seeing the deviations (the ones in "oversold" vs the ones aren't) last week as good trading opportunities too. The good old mean reversions should come in next week.

 

[nulla nulla]

A-REIT Sector: Weekending Friday 20-January-2017

A-REIT's took another beating last week. Many of the shares have moved further into "oversold" territory as per MACD charts and Relative Strength Index charts. The high yields and low price/earnings ratios that were starting to look attractive last week must look even more attractive this week to local and overseas fund managers (and likely to investors wanting to lock in returns better than bank rates etc). Only problem is whether they may look even more attractive this time next week. The volatility and perhaps opportunity continues. Good Luck .



The A-REIT Table for closing prices for Weekending 20-January-2017 follows:



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




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 20 January 2017, 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 20 January 2017. "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 no longer hyper-link to the last page 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]

A-REIT Sector: Weekending Friday 27-January-2017

The A-REIT Sector rebounded almost 1.5% last week while the All-Ords continued its' run up by almost 1%. . While this doesn't sound impressive it was good to see the ten day falling streak of the A-REIT Sector take a break from the retrace. Additionally the MACD chart turned back toward the moving average (from the down side) and the Relative Strength Index chart also turned upward. On a cautionary note this could equally mean that the moving averages are still trending down but the daily averages have gapped back to the mean. Most of the shares (in my opinion) are still "oversold" and once again could look even more attractive to local and overseas fund. Only problem is Resource and Property are still playing poor cousin to Banking and Mining. The volatility (and perhaps opportunity) continues. Good Luck .




The A-REIT Table for closing prices for Weekending 27-January-2017 follows:



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




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 20 January 2017, 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 20 January 2017. "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 no longer hyper-link to the last page 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]

A-REIT Sector: Weekending Friday 03-February-2017

The A-REIT Sector ended the week down slightly but relatively flat. Donald had a curt telephone conversation with Malcolm, which was later described as cordial. Wouldn't like to be around when things get tense. Donald finished off the week undoing the financial regulations put in place by Barak Obama. The Dow-Jones jumped 186 points their time Friday. Lets make America great again, bring on another financial global crisis. Good Luck .




The A-REIT Table for closing prices for Weekending 03-February 2017 follows:



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



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 20 January 2017, 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 20 January 2017. "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 no longer hyper-link to the last page 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]

A-REIT Sector: Weekending Friday 10-February-2017

This week the A-REIT Sector appeared to be back in favour (along with several other infrastructure shares) with positive gains from Monday through Thursday. However on Thursday night (Our time) the President Trump announced that he would be winding back much of the regulations imposed on the US Banks by the Obama administration following the GFC. The US investors liked this and the Dow Jones leapt overnight and Friday night our time, to finish the week at 20,269.37. Euphoria if ever I've seen it. On Friday our banks and resources jumped and the A-REIT's fell back or consolidated. Just what the world needs, relaxing of the financial regulations. The prospects of another financial global crisis just get better and better. Good Luck .




The A-REIT Table for closing prices for Weekending 10-February 2017 follows:



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



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 20 January 2017, 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 20 January 2017. "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 no longer hyper-link to the last page 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]

A-REIT Sector: Weekending Friday 17-February-2017

Only small gains this week for the A-REIT Sector although there does appear to be a support line developing at 1323 with resistance at 1377. Once the flight from REIT's and Infrastructure to banks and resources slows/stops, the A-REIT Sector may be able to break through the resistance level and return to some sort of sync with the All-Ords. Never-the-less the volatility and inherent opportunity continues. Mind you the spreads are a little tighter at the moment making it a little harder to pick entry/exit points. Good Luck .




The A-REIT Table for closing prices for Weekending 17-February 2017 follows:



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




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 20 January 2017, 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 20 January 2017. "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 no longer hyper-link to the last page 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]

A-REIT Sector: Weekending Friday 24-February-2017

Small gains for the A-REIT Sector in week ending 17 February 2017 followed by small losses this week. The resistance at 1377 came under threat on Monday but the push turned out to be a temporary bump and the sector pretty much flat lined for the rest of the week. The flight from REIT's and Infrastructure to banks and resources seemed to be continuing with significant turnover on some of the shares (11 out of 16 shares down for the week) but even Banking and Mining took a hit on Friday with the All-Ords finishing down for the week. Volatility continues, some up, some down and spreads are generally still very tight. Good Luck .



The A-REIT Table for closing prices for Weekending 24-February 2017 follows:



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



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 20 January 2017, 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 20 January 2017. "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 no longer hyper-link to the last page 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 .