Ann: Results of Annual General Meeting, page-4

"Asian REIT $57.92m as at 29 November 2019
AREIT $1314.19m as at 28 November 2019.
Both of these figures are the highest I've seen for a while. People, mostly retirees, are chasing yield. This will only help the management fees for APD. "

True, but it is a double-edged sword to a large degree but it also means that there is more easy money competing for assets in the places that APD seeks to deploy capital, thereby reducing the scope for picking up significantly under-priced properties.

Personally, I'd far prefer it if it was the other way round (i.e., lower management fees due to lower levels of AUM, but greater opportunity to deploy more capital into under-valued properties.)

.