why NOT listed Property Trusts

[GR8DAY]

Can anyone clarify for me why I have money sitting in the bank earning a miserable 3.6% when I cud so easy transfer into shares in listed property co's and be earning 11 or even 12%??? ...esp when these same cos (GFT, ING, PFI, KIP etc etc) are generally trading for well less than their NTA.?? Am I missing something important here or just completely thick? On the surface it seems like no contest ( 3.6% v 12%).....there's gotta be a catch?
Of course there is downside risk (but also upside risk)....but even then the returns to investors shud surely remain constant......or close to it?

Any advice and thoughts welcome.

Gr8day

[Billy Boy]

It takes a long time for some folks to see the trees through the woods.
I have about 70% of my entire portfolio in LPT's coz all other investments
are crap at the moment, percentage wise.
Its not too late to get in, But you have missed the big dip.
Although having said that, we could see another dip come October.
IMO:- ING, GMT, KPF. are the better picks at the moment.
APT are too much into office space for my liking and could well
be the last to come right
KIP only pay a divvy every six months (4 cents) and this is a
disadvantage for them.
PFI do not pay a very good div, Percentage wise for the cost
of each unit but are solid
Nap will be interesting if St Lawrance gets the big heave hoe but
a lot of debt.
All in all the only reason for lpt's being overlooked ???
Bugger all people know about them, let alone how they work !.
I see Chris Lee is warming to them..... and about bloody time.
Do you own research.....
One of my great questions when I buy into something is
What can I do better with the money.
At the moment, not much. And I will have a problem.
Coz I am averaging 12.7% (PIE) paid quarterly, I cant find
myself ditching them coz of the cash flow.
What a bugger, hate that when it happens
Cheers & Beers BB

[fungus pudding]

It takes a long time for some folks to see the trees through the woods.
I have about 70% of my entire portfolio in LPT's coz all other investments
are crap at the moment, percentage wise.
Its not too late to get in, But you have missed the big dip.
Although having said that, we could see another dip come October.
IMO:- ING, GMT, KPF. are the better picks at the moment.
APT are too much into office space for my liking and could well
be the last to come right
KIP only pay a divvy every six months (4 cents) and this is a
disadvantage for them.
PFI do not pay a very good div, Percentage wise for the cost
of each unit but are solid
Nap will be interesting if St Lawrance gets the big heave hoe but
a lot of debt.
All in all the only reason for lpt's being overlooked ???
Bugger all people know about them, let alone how they work !.
I see Chris Lee is warming to them..... and about bloody time.
Do you own research.....
One of my great questions when I buy into something is
What can I do better with the money.
At the moment, not much. And I will have a problem.
Coz I am averaging 12.7% (PIE) paid quarterly, I cant find
myself ditching them coz of the cash flow.
What a bugger, hate that when it happens
Cheers & Beers BB

I agree with you. Have a good look at DNZ as well - unlisted..

[Mensa]

The following article has some useful information ...

http://www.nbr.co.nz/article/which-p...it-well-102153

[Billy Boy]

I agree with you. Have a good look at DNZ as well - unlisted..

DNZ worry me with all their debt.....
The old rule.... Got 10k what better can you buy ???
BB

[fungus pudding]

DNZ worry me with all their debt.....
The old rule.... Got 10k what better can you buy ???
BB

Yes. I have referred to their debt level before. Still they have some excellent properties and good WALT etc. I hold 300,000 shares in DTZ and find them good for income. At current proce of 45cents they are paying approx 10.4% net of tax as a PIE which is over 16.5% equivalent to a 38% tax payer. Mind you I know absolutely nothing about the share market. I'm simply a burnt out old commercial property investor who just dumps surplus cash into property shares because I've got no mortgages left to pay off can't be bothered buying anymore properties, and never sells anything.

[loofa]

These have been good earners for me since 2004.
A little bit of selling at close to highs and buying back recently has been the way to go.
Currently I have both ING and GMT plus CFDs on both entered at 15%+ below the current prices.
Because CMC charge only 5% interest on the margin brrowed and these yield 12%+ it is "money for jam" if you keep an eye on moves.

[Steve]

Why are the property manager fees for a listed property trust always higher than the fees charged to private property trusts?

[fungus pudding]

Why are the property manager fees for a listed property trust always higher than the fees charged to private property trusts?

Which private property trusts always have lower fees ?

[GR8DAY]

......thanks BB & others for info and advice. I will be acting on it this week and pursue my thinking .maybe just " dip my toe" to start with. BB....what makes you think there cud be another correction coming up in October? (gut feeling or more than that?) Also are all LPTs PIEs and does that mean you (as a unit holder) dont have to pay anymore tax on what you receive as a dividend? Also where do I find info etc for DTZ etc (publically unlisted Property Trusts)

Thanks again