KPG - Kiwi Property Group

[snapiti]

5.75 cps / 90 is 6.39% tax free PIE yield worth 9.54% gross to 33% taxpayers. Well worth noting they have a goal of growing that at 3% a year. Sylvia Park is a very high quality asset in my opinion.

I hold KPG and ARG in equal numbers.

quite right beagle, I was using the divi prior to the recent small increase in divi

[Basil]

Yes absolutely its a tough and risky gig buying in a downtrend thinking you know better than Mr Market.  If it makes you feel a bit better me old mate Snapper, at present I'm a bit underwater with ARG too.  That said, these are primarily yield investments and if you are happy with the yield at the price you bought them then just holding long term will see you reap the rewards of high quarterly tax free dividends.

Wonder why Waltzing doesn't post on here anymore ?

[snapiti]

Firstly I'm not disagreeing in large part with much of the last day's posts. Until quite recently I had taken a very fundamental approach to my REIT analysis. To be honest some events haven't played out the way I had thought over the last few years. I don't doubt that over a few more years the red that shows in my brokerage portfolio might well revert to a green in the REITs holdings, not that the calculated average purchase cost in reality reflects the capital performance in my portfolios as such, the question did arise what did I need to refine to better determine an entry point of BUY offer to set recently for a REIT.

As the Waltzing post 159 in the ARG Thread on page 11 perhaps suggested the key might be to understand better what the Institutional Investors are doing and what that will drive the market to behave like. I think I've learnt a lot more about some technical analysis, hence why I said 87c yesterday for KPG as best BUY for the here and now, not to be taken as advice obviously. Perhaps ARG might need to push lower, but in no way would I suggest my TA skills are worth too much scrutiny, however they are perhaps a better determinant of setting a BUY or SELL price I'm picking than what I had previously.

I think following the bond market and understanding each REIT's risk profile gives an investor a good insight to fair value, I have been buying recently SPG,KPG,ARG but will situated to reload if the SP weakens. ARG from my prospective has the greatest risk due to some debt needing to be rolled over at much higher levels and exposure to a very weak Wellington office market

[snapiti]

Yes absolutely its a tough and risky gig buying in a downtrend thinking you know better than Mr Market.  If it makes you feel a bit better me old mate Snapper, at present I'm a bit underwater with ARG too.  That said, these are primarily yield investments and if you are happy with the yield at the price you bought them then just holding long term will see you reap the rewards of high quarterly tax free dividends.

Wonder why Waltzing doesn't post on here anymore ?

Totally agree Beagle, my purchases are for long term yield so not overly concerned with a small amount of short to medium term capital loss, in saying that only 4% down on ARG and in the green on KPG and SPG so flat over all as far as capital goes.