Listed Property Trusts

[fungus pudding]

Good point Omega. The situation i am in is different to yours. You are using margin but i am using my home equity(revolving credit). Current interest rate is 6.25% and for me to invest in companies for dividends my dividend return has to be above 10%(they currently are but is going to come down) and i cant claim any money back.

What money do you want to claim back that you can't?

[Billy Boy]

Good point Omega. The situation i am in is different to yours. You are using margin but i am using my home equity(revolving credit). Current interest rate is 6.25% and for me to invest in companies for dividends my dividend return has to be above 10%(they currently are but is going to come down) and i cant claim any money back. Hence OCR will affect my investing decisions. I will sit in the sidelines for now. Percy talked me out of using revolving credit.

Voltage-your guess is as good as mine. Good luck if you are investing.

What the hell here old son ??
If you have X amount of $$$ surplus then you would need to get max return.
Be that return from what ever source. bigger the return bigger the risk (a given).

If you go for a fixed interest investment, then "y" return less TAX. And you are locked in.
Most LPT's are around 8 - 9% clear in you mit. (no bloody tax)..... DYR
Dont need the divvy ???.... then go for the DRP... If you think very carefully... !
Then & if you are getting about 8%... what do/should you give a stuff about
the share price. ???... What would the Bank give you.. (less tax). Or any bonds etc.
I have a lotta money invested in lpt"s (spread).. they have served me very, very
well indeed through these turbulant times... and are still doing so. I cant find any
advantage in selling.
BB

[RRR]

I confused a lot of people and that was not my intention. Sorry guys!! I too have invested in LPTs(15%) of my portfolio and all the dividends are reinvested in DRPs and didn't opt for cash(I like DRPs esp with a discount). I am not selling my shares either and nor I am encouraging others to sell. A good choice for investors with no mortgage or debt, and lot of cash and expecting income. I wish I was one such investor.

BB-I don't invest in fixed interest investments(bonds, fixed deposits etc-why pay 33% tax). My salary goes to revolving credit home loan at 6.25%. For any other investments I make(dividend oriented), it has to yield close to or more than 10%(6.25% add 2% for the top tax bracket)- If not, I am better off paying my mortgage. If the LPT dividends are going to come down(which it will) and the share prices are stable or higher, it doesn't make sense to buy it in my situation. I would be buying LPTs 'only for dividends' and not for share price growth.

FP - If I bought LPTs on margin, I could claim the interest paid.

LPTs are good and I like it(not the managers though)

I am looking at investments from my point of view and in my specific situation. It may not make sense to other investors. Every one is different and they have different needs. I hope I have explained it better and will make no further attempt.

[voltage]

RRR there are a number of other NZ shares that pay good dividends, do you invest in these?? they may have better growth prospects. Would it be a better idea to leverage into LPTs instead of buying a rental investment which does not give a return around 8% net

[RRR]

Voltage - I do have other NZ share investments and it is easy to find out!!. I am a newbie and continuing to learn. I decided not to use margin after much thought. Margin lending rates are going to go up with OCR and the dividends from LPTs are going to come down(assuming no share price change) and hence I would be wary of using margin for LPTs. There is a thread on margin lending in the newbie section-suggested read.

[fungus pudding]

FP - If I bought LPTs on margin, I could claim the interest paid.

LPTs are good and I like it(not the managers though)

You van claim the interest on your revolving credit mtge also - just watch your timing so you can clearly show the purpose of using or raising your loan was tp purchase income producing shares. No problem there.
As far as managers go for LPTs., have a look at
dnz. which floated this week. (previously unlisted)
They've restructrured their horrible mngmnt system to internalise it, and might have a very healthy future.

[Billy Boy]

They've restructrured their horrible mngmnt system to internalise it, and might have a very healthy future.

I wish some of the other would look at this....

Fungus.... whats you take on NAP going from a LPT to a listed company.?
cheers BB

[fungus pudding]

I wish some of the other would look at this....

Fungus.... whats you take on NAP going from a LPT to a listed company.?
cheers BB

Sorry - haven't followed NAP - don't have any. I only hold ING, KIP, DNZ KPF and APT.

[Snow Leopard]

from todays announcement

ING Property Trust changes name to Argosy Property Trust

Today ING Property Trust Management Limited, the Manager of ING Property
Trust (the Trust), announced it is changing its name and therefore the
Trust's name to Argosy Property Trust from 1 October 2010.

The new name and brand for Argosy Property Trust follows the announcement
that ING New Zealand (INGNZ) is changing its name to OnePath, later this
year. The changes are the result of INGNZ becoming a wholly owned subsidiary
of ANZ National Bank Limited, part of the ANZ Group back in November 2009.
ING Property Trust has adopted a brand independent of INGNZ/OnePath.

Peter Mence, General Manager of the Manager, said "This is a positive step
for the business and gives us an exclusive identity that reflects our
specialist expertise in the property market. The Argosy name and brand is
perfectly aligned with the characteristics and objectives that have delivered
successful results for ING Property Trust."

The name Argosy is derived from a fleet of ships and reflects the strength
that comes from a quantum of individual ships operating together in a fleet.
The strength of the property trust comes from the diversified nature of the
Trust's portfolio, with 81 properties spread across a number of locations,
sectors and tenants.

Just like an argosy, the Trust remains robust, moving forward with strength,
to deliver a steady dividend yield, as well as the potential for capital
gains, for its unitholders.

ING Property Trust has a high-quality portfolio of moderate value properties,
which gives it the ability to remain agile and active in its property
acquisitions, tactical sales and active management style.

The various subsidiary companies and management entities associated with the
Trust will adopt the new name and brand. The management team and Board of
the Trust will remain unchanged.

Peter Mence said, "It is only the name and look of the Trust that is
changing. Our focus and commitment to servicing the needs of our unitholders
and tenants remains as strong as ever."
The new NZX ticker code will be ARG. This will be active on 1 October 2010.

feeling slightly sea-sick
regards
Paper Tiger

[fungus pudding]

most have dropped 30% this year, surely this must be the bottom, where to from here??

Which one or ones have dropped 30% this year?