A-REIT valuation model

A-REIT Sector: Weekending Friday 03 March 2017

The chart for the A-REIT Sector pretty much says it all. No body is interested in pushing the share prices up but there is plenty of interest in soaking up the shares being dumped. Hence forth I will refer to the current euphoria in the broader market as the "Trump Effect". It appears one of the perceived side effects of the Trump Effect is that a possible policy change to US taxation laws, where interest will no longer be a deductable expense, will impact on the big funds that are over leveraged. These funds may have to unload or sell down their portfolios to reduce their borrowing costs, which likely include REIT's. This may explain, in some part, why the A-REIT Sector with low price/earnings ratio's is lagging the rest of the market.

Volatility continues, some up, some down and spreads are generally still very tight. Good Luck .



The A-REIT Table for closing prices for Weekending 03 March 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 .

A-REIT Sector: Weekending Friday 10 March 2017

The "Trump Effect" continues to impact the market with Finance shares at euphoric highs and safe haven shares like property and gold being sold down. I suspect this is a combination of the euphoria surrounding President Trumps indication that he will reduce the Obama regulations on Banks combined with a possible start to the anticipated sell down of leveraged assets like REIT's. The resistance level on the chart for A-REIT's of recent weeks has proved too much of a hurdle for investors soaking up shares at good yield levels and low price/earnings ratio's, the sector ending the week down over 2% while the All-Ords climbed half of one percent. Go figure, the World is going mad not just Western Australia. Good Luck .



The A-REIT Table for closing prices for Weekending 10 March 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 .

A-REIT Sector: Weekending Friday 17 March 2017

The "Trump Effect" continues to impact the market however an air of uncertainty has now crept into the market with the "Trump Honeymoon" fast approaching the first 100 days benchmark and the mixed signals are making the market jittery. Janet from the US Fed advised that there will be an interest rate rise shortly because the jobs report was good and the numbers claiming unemployment were down. National Australia bank jumped the rest of the banks with an interest rate hike on loans, with Westpac following on shortly after. No doubt the other banks will follow suit as they try to pass on their increased costs of offshore borrowings.

Interestingly I would have thought this would have an immediate negative effect on A-REIT's. US Funds incurring higher interest rates on the leveraged borrowings invested in property and infrastructure which they would not be able to claim as a tax deduction. I half expected that this would spark a sell down of said infrastructure and property investments but it didn't happen. In fact there was a buy up of most A-REIT's with good volume, causing the A-REIT Sector to bounce off the support area around 1320 and once again push toward the resistance level around 1375. Both the All-Ords and the A-REIT Sector appear to be tracking sideways in fairly tight bands waiting for what I don't know. Good Luck .



The A-REIT Table for closing prices for Weekending 17 March 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 17 March 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 17 March 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 .

A-REIT Sector: Weekending Friday 24 March 2017


The A-REIT Sector went through another up an down week closing slightly lower than last week. The weekly movement is a poor indicator of the day to day action, hiding a significant retrace on Monday and Tuesday followed by a good recovery on Wednesday, Thursday and Friday. Plenty of opportunity for the bold and/or insane.


The Trump honeymoon suffered another setback with the proposed replacement of "Obama Care" not being voted on because the Trump team knew that it would get voted down. This setback has the market questioning whether or not any of Trumps other proposals will get the same treatment in what appears to be a hostile Republican Congress. The rumoured "Russian" link to Trumps election campaign continues to raise its head and is being investigated by the FBI. Undisclosed links to the Russians during the election campaign have already claimed two heads and the concern now is, how high up the Trump chain of command does the exposure go? The volatility continues. Good Luck .



The A-REIT Table for closing prices for Weekending 24 March 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 31 March 2017

The A-REIT Sector powered up from the previous weeks low on Monday through Thursday breaking above the recent resistance level of 1376 reaching 1400 at close of business on Thursday. Unfortunately the slight drop back in the close of business on Thursday turned into a rout on Friday with the sector dropping back to finish the week at 1379.593, up 18 points on the previous Friday and only 3 points above the resistance line. Some of the retrace can be explained by "end of week profit taking" and some of it is likely due to fund managers wanting to rebalance their portfolios and generate a bit of client fees for the end of the quarter. The rest I put down to the volatility generated by the Global markets trying to anticipate outcomes of the Trump Administration. The volatility continues. Good Luck .



The A-REIT Table for closing prices for Weekending 31 March 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 07 April 2017

The A-REIT Sector breakout continued strongly for another week moving above the 1400 level to finish the week at 1410.9. There was plenty of volatility in the individual shares as profit takers pushed prices down and fresh investors snapped up opportunities for long term prospects. Some of the larger REIT's have been turning over higher than usual volumes prompting talk of takeovers and mergers within the sector. Dexus popped above $10.00. Cromwell is still stalking Investa Office. SGP is developing residential properties for first home buyers. The Reserve Bank is pressuring the big banks to charge housing investors higher interest rates. And the Trump impact stepped up a gear as attention moved away from his alternative health care plans and his banking deregulation plans to his muscle flexing and going toe to toe with Mr Putin. It all makes for lots of volatility and some opportunity. Good Luck .




The A-REIT Table for closing prices for Weekending 07 April 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 17 March 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 17 March 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. 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 .

1440 looks the initial pattern breakout target there Nulla. A momentum channel is there, good for participants

A-REIT Sector: Weekending Thursday 13 April 2017

The A-REIT Sector breakout continued strongly for another week finishing the short week at 1452.32. It looked great with the sector outperforming the All-Ords for a change.

The biggest influence on our markets this week was the spectrum auction by our Federal Government. Telstra was excluded from the auction, TPG paid over the top for the spectrum and the market went into melt down selling off more than 250 million Telstra shares because "Telstra will lose revenue at some time in the future when TPG manages to build its' Mobile Phone Network", go figure. The money had to go somewhere and I suspect a lot of it went into the relatively safe yields of the A-REIT's. However, at this point I feel like Gomez Adams from the tv show "The Adams Family", sell, sell, buy, buy. I sold off some of my A-REIT's and bought some Telstra.

The Trump effect continues as Trump, not content with taking Mr Putin to task for supporting the President of Syria, he is now pressuring the President of China to exert some calming influence on the divine leader of North Korea. Warships are being deployed everywhere and a $20 million bomb was deployed in Afghanistan to take out 36 ISIS terrorists. I guess Mr Trump felt he needed to make a point. Not sure who it was to though. Maybe the US Congress, back my Health Care changes and Banking deregulation or else? Good Luck I probably need it also.




The A-REIT Table for closing prices for Weekending Thursday 13 April 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Thursday 21 April 2017

Another short week with the A-REIT Sector closing down around 1% on last week at 1436.12. Last weeks surge (coinciding with the Telstra sell off) ran out of steam early in the week but appeared to stabilize as profit takers pushed share prices down and confident investors soaked up most of what was on offer.

The Trump honeymoon got a boost this week on release of US Consumer Confidence figures but the sabre rattling continues with the US Vice President doing a sweep of the Pacific, no doubt to rally support for whatever Trump plans to do with North Korea. We live in interesting times.



The A-REIT Table for closing prices for Weekending Thursday 21 April 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 28 April 2017

Another four day week with the A-REIT Sector closing down another 1.43% on last week at 1415.6 despite the All-Ords gaining 1%. The big losers this week were: Vicinity; Scentre Group; and GPT. Not sure why GPT got hit but there was a report recently that the impending arrival of online retail giant Amazon in Australia poses a threat to local retail outlets such as SCG & VCX.

Personally I think this negative outlook is misplaced for two reasons:

1. The local retail centres are drawing a larger proportion of their revenue, these days, from Fast Food, Cinema's and Specialty shops plus their grocery anchors like Coles and Woolworths; and

2. The expensive lesson of Masters, coming into Australia and failing to make the expected dent into Bunnings Hardware, is a good indicator that Amazon will not just breeze in and become number one overnight.

At times I wonder whether these concerns used to justify pushing aussie shares down are real or just hype dreamed up to push a share down so the hypers can buy low then sell later after pushing the same shares back up. Good luck.




The A-REIT Table for closing prices for Weekending Friday 28 April 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 05 May 2017

Another volatile week with an upsurge followed by a sell off. Probably more of the same next week. No doubt now that Trump has unwound Obama Care the market will push banks even higher in anticipation of Trump unwinding the banking regulations introduced under Obama. This could see a further sell down in A-REIT's. Although the sell down would likely see an uptake of the sales volume by investors keen to soak up longer term yield. Volatility, spreads and opportunity? Good luck.



The A-REIT Table for closing prices for Weekending Friday 05 May 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 12 May 2017

After trending up from mid March to mid April, the A-REIT Sector has trended sideways and down since mid April. While the long term trend is still upward, we are a long way short of the highs of July/August 2016. The Australian markets appear to be adrift in sea of indifference as the All-Ords struggles to get anywhere near the highs of 2007 while the rest of the world has moved on to new highs. The A-REIT sector has an average P/E of 8.8 (excluding NSR) and yields range between 3.04% and 8.6%. Way better returns than bonds or bank rates yet the sector languishes behind the All-Ords and the rest of the world. Go figure.

The "Trump Effect" appears to be losing momentum as the Dow Jones seems to be baulking at going above 21,000. Now he wants to meet up with the President of North Korea on the one hand to kiss and make up, while on the other hand he has sacked the head of the FBI for getting to close to him in the investigation of alleged Russian meddling in the U.S elections. And all this time I thought the U.S was a democracy not a dictatorship. Good luck.



The A-REIT Table for closing prices for Weekending Friday 12 May 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 17 March 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 17 March 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. 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 .

spot on NN, our markets/companies are lagging behind, cant see how things are going to improve for Aus, low interest rates, mining boom exhausted, maybe gov has to start QE program

direct property is smashing share investment, cant see this change in the near term

nulla nulla said:

The A-REIT sector has an average P/E of 8.8 (excluding NSR) and yields range between 3.04% and 8.6%. Way better returns than bonds or bank rates yet the sector languishes behind the All-Ords and the rest of the world.

Click to expand...

Today I bought some Vicinity Centres (VCX) for my Super fund.

Price $2.77
Yield, about 6.4%
With a decent portfolio of shopping centers (ownership and management of 102 Australian shopping centres) and a decent yield it will support my pension payments.

Also looking at 2 others but ideally I want to buy at lower prices. That is why I am staggering my buys and spreading it over 3 different REITS.

2nd Parcel is bought for my Super Fund as a long term yield.

Bought CMW
Price .95c
Yield, about 8.7%

Maybe next week it might go down more for my 3rd and final parcel. Looking at BWP or maybe SGP, depends which gets hit hardest/best value at the time.

Bill M said:

Today I bought some Vicinity Centres (VCX) for my Super fund.

Price $2.77
Yield, about 6.4%
With a decent portfolio of shopping centers (ownership and management of 102 Australian shopping centres) and a decent yield it will support my pension payments.

Also looking at 2 others but ideally I want to buy at lower prices. That is why I am staggering my buys and spreading it over 3 different REITS.

Click to expand...

I'm a bit overweight in VCX, have been accumulating from $2.85 but I'm seriously looking at another parcel for my son if it goes under $2.70. Yields at this entry point way better than bank rates and potential for another 8-10%+ capital gain over the longer term.

Bill M said:

2nd Parcel is bought for my Super Fund as a long term yield.

Bought CMW
Price .95c
Yield, about 8.7%

Maybe next week it might go down more for my 3rd and final parcel. Looking at BWP or maybe SGP, depends which gets hit hardest/best value at the time.

Click to expand...

CMW is also one I watch closely as it has one of the better yield rates, paying quarterly dividends and a lot of their income comes from jointly owned office properties. Also has potential to return to $1.02 - $1.03 giving a nice capital gain for those prepared to look/risk longer term. Recent low (within the last 12 months) was sub $0.90 from where it returned to $1.025 a more than 10% capital gain.

I guess these posts should really go in the threads for the individual shares.

A-REIT Sector: Weekending Friday 19 May 2017

The "Trump Effect" suffered a severe setback this week with the U.S Congress setting up a special investigation to take a closer look at President Trumps connections to Russia during the election and since. This move seems to have been prompted by concerns that Trump sacked the head of the FBI because of the ongoing FBI investigation into Trumps campaign. In an effort to put out a small barbeque fire Trump may have started a house fire. Unusual for a President to sack the head of the FBI. Many see it as interference in their judicial system.

The global markets appear to be reacting to the likelihood of delays in the financial reforms promised by Trump in his campaign. Banks have led the market adjustment with significant falls and unfortunately A-REIT's have followed suite. A-REIT's finished 2% down for the week dropping back below the resistance level of February/March. Some of those yields are crying out for a long term speculation buy, particularly as we are coming up to their dividend season. Is it safe or are the prices going to fall further? Good luck.



The A-REIT Table for closing prices for Weekending Friday 19 May 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 26 May 2017

The "Trump Effect" went into full-on "America First" mode last week. You would be forgiven for thinking President Trump was still in election mode as he manhandled foreign dignitaries to take centre stage in a photo shoot at the G7 meeting and berated other attendees for not stumping up their dues. All for the benefit of reducing the burden on American tax payers.
The U.S markets seemed to react positively to the huge arms deal with Saudi Arabia however the All-Ords could only gain 0.40%. The A-REIT Sector gained 2% this week, reversing the previous weeks 2% fall. This is encouraging and it will be interesting to se where A-REIT prices go in the next four weeks as we head up to the next round of dividends. Good luck.



The A-REIT Table for closing prices for Weekending Friday 26 May 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 02 June 2017

The "Trump Effect" is on a roll as President Donald thumbed his nose at the rest of the world and declared there was no such thing as global warming. Markets gave a whoop of joy at the news that they can continue to slash and burn and pollute the world in the interests of their profits. The Dow is up, the All-Ords is up and A-REIT Sector gained a further 1.46% over last weeks finish. I suspect the run-up to dividends to be announced this month is a significant driver. Good luck.



The A-REIT Table for closing prices for Weekending Friday 02 June 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 17 March 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 17 March 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. 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 .

A-REIT Sector: Weekending Friday 09 June 2017

Britain went to the polls 3 years early, with the conservative government seeking re-election trying to capitalize on their majority, only to blow away their majority through lack luster campaigning and a negative reaction of the voters having to go to the polls early. Global markets soured as the week progressed as it became increasingly possible that there would be a change of government.

The All-Ords gave up 1.81% (more than 100 points) for the week and the A-REIT Sector dropped 3.1%, wiping out two weeks of gains. So much for the run-up toward dividends. Good luck.



The A-REIT Table for closing prices for Weekending Friday 09 June 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 17 March 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 17 March 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. 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 .