K-Green Trust

[KopiKat]

there's a good reason why the parent company spin k reit off instead of keeping it in their books
if you hold it for like 50 years, the NAV will eventually come down to $0.00

Yes, if the REIT Mgr don't do any new acquisitions for the next 50 years. But, unlikely to be true as they're highly motivated to increase their AUM as that means more $$$ for them.

I don't think it's a good comparable with KGT (even in principle, you're right) as for Property assets, it's a lot easier to do acquisitions (or even sell some) and they can easily build up enough critical mass. It kind of allow some diversification ie. if we really move forward 50 years later, perhaps there'll be a good staggering of leases expiring every year and the impact will be more gradual?

Further, IMO, the key reason for KepCorp to give out KepREIT as dividend in specie is likely to improve the liquidity as they were holding >70% then.

For now, I'm most tempted to treat KGT as my MMF (Money Mkt Fund) whenever they trade closer to NAV... 2-3% Net Yield is not too bad, I convinced myself...