Ann: Dividend/Distribution - DDR, page-36

@UberTrader @Chris60

Unfortunately you must've misread my post and miss the point entirely re: VAP.

I specifically noted that buying VAP during the lows of 2022 & 2023 was a no brainer (for my own investing that is). Uber - you're calculating the yield on todays spot price when the share price is over 100 bucks. Go back and calculate the yield when you could've purchased the entire REIT index at 68 bucks.

Secondly Uber, you commented about VAP's MER of being expensive at 0.23%. Let's clear the air and it would be nice if you could confirm exactly how much you're outlaying in MER for owning multiple REIT's? What's your combined MER cost across all of the REIT's that you own? If I go to the Vanguard online page, it's there for the world to see...MER of 0.23%. How many pages do you have to go through in the reports of the REIT's that you're invested in to locate the MER? Add the total combined costs and let me know. Maybe I'll change my mind once I see that your option is beneficial.

Also, you are correct in saying that the VAP REIT is too concentrated in GMG. I'm sure that you'd be aware that the reason for this is because of it's market weight. It's clearly the best REIT on the market. Most of the others have very little growth (and high gearing), other than unfranked dividends. You are also correct to say that if Goodman Group takes a dive, so does VAP. If you had purchased VAP at $68 and it took a dive, the first thing that I would do is hope and pray that it falls back to $68...so I could load up just one more time! Yes, you also the equal weighted MVA that charges a MER of 0.35% and is equal weight of average companies and less concentrated to not only the best REIT in the market, but also one of the better growth stocks not only in the ASX200, but also the ASX20.

As of today, since purchasing VAP, My invested capital has appreciated 47.23% in two years. Based on the distribution yield paid out in 2024, my distribution yield is currently 5.5%. That's not bad. I don't even have to manage it one iota. Just close my eyes. Think of it this way, it's almost like owning Goodman Group on a 5.5% yield.

Now, back to DDR...It's a solid company. I've bagged it out a fair bit. But I'm still buying DDR. DDR is currently being affected by a wider slowdown. Companies like DDR are almost like a bell weather as to how the economy is tracking. DAS is a perfect example thanks to the slowdown in building and construction approvals. Certainly there's key person risk with David Dicker. But he's built this business from scratch and for all my of knocking/mocking of David Dicker, I think that he's been quite amazing in what he's been able to achieve and the empire that he's built.

In few days time, there's going to be some very happy holders of DDR who'll be receiving their fully franked dividends which, for the most part have been steadily increasing. Dicker Data isn't a fly-by-night business. Their track record is downright impressive. See for yourself...


Meanwhile in FY23...



Dicker Data is a dead set long term BUY