Listed Property Trusts

[fungus pudding]

..it would appear that everyone loves kip.....how come then that kip is trading at 1.02..nta is 115...yield 7.84.....and yet pfi is trading at 120..nta..is 112....yield is 5.92....is kip more sexy....just a thought....but having said that the thought of going to a place like Sylvia park....sticking pins in my eyes would be more enjoyable....

hold pfi

Obviously kip is less appealing, not moreso. Why is PFI so popular? Beats me.

[voltage]

should westfield be part of a property portfolio, you cannot access franking credits, is this likely ever to change?

[scamper]

fungus pud, i think pfi pays divis quarterly -- a big plus for some investors. cheers.

[fungus pudding]

fungus pud, i think pfi pays divis quarterly -- a big plus for some investors. cheers.

So do most others. KPF, ING, APT, GMT. off top of my head. . I think KIP is the only exception. Doesn't tell me why pfi sells at low yield when there seems better options.

[whirly]

Hi Fungus

5 reasons I like PFI

1.PFI specialises in industrial property investment. I don’t like office blocks, retail or apartments. This rules out particularly KIP and APT for me.
2.Invest in multi-purpose, rather than specialised properties.
3.Peter Masfen, chairman.
4.debt currently 29.3% of total tangible assets
5.Continued high occupancy 98.9%

All in all I suspect others that like PFI also like it for the industrial factor.

Whirly

Disclaimer – hold no LPT’s but considering PFI.

[GTM 3442]

Hi Fungus

5 reasons I like PFI


Whirly

And the 6th reason is that the DRP is not new shares, but bought on market - no dilution.

[fungus pudding]

And the 6th reason is that the DRP is not new shares, but bought on market - no dilution.

I wasn't aware of that. Thanks. I'll buy some.

[fungus pudding]

Cliche count at Dunedin presentation of the ING annual investor update. First speaker, Stuart Harrison, came out with four 'going forwards'.
Second speaker, Peter Mence, used 'going forward' five times.
Although I wouldn't declare Peter the outright winner, as Stuart managed a brand new variation 'rolling forward' This is approximately half the 'going forwards' counted at the 2008 presentation. .

Just returned from the annual ING presentation in Dunedin. 2010 count showed 'going forward' still the outright winner with 12 appearances. 'The reality is' was a distant second with only three appearances. 'To be fair' and 'As we speak' were not used at all. Suprising oversight there, but bound to be included in next year's presentation.

[macduffy]

Sounds like great entertainment, fungus.

Any clues as to what might, or what might not be, good investments in this sector?

[fungus pudding]

Sounds like great entertainment, fungus.

Any clues as to what might, or what might not be, good investments in this sector?

I reckon those that are heavily discounted to NTA, and that certainly includes ING. PFI and GMT are ok but aren't bargains and I have never liked APT - 'cos office buildings are worse than residential stuff.