Month: April 2011
April 2011
Results Announcement
- 25 Apr 11 : Altrium (Q111) – DPU 2.15 sen
- 28 Apr 11 : Axis (Q111) – DPU 4.2 sen
Average Yield = 7.566%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
Tower |
2H – Dec10 |
5.50 |
1.200 |
9.167 |
1.6543 |
Office |
|
Al-Hadharah |
2H – Dec10 |
6.20 |
1.410 |
8.794 |
1.4242 |
Diversified |
|
Atrium |
Q1 – Mar11 |
2.15 |
1.060 |
8.113 |
1.0500 |
Industrial |
|
Quill Capita |
2H – Dec10 |
4.18 |
1.040 |
8.038 |
1.2764 |
Office |
|
AmFirst |
1H – Sep10 |
4.81 |
1.220 |
7.885 |
1.3538 |
Office |
|
Al-AQAR KPJ |
1H – Jun10 |
4.43 |
1.140 |
7.772 |
1.0600 |
Plantation |
|
Hektar |
FY10 – Dec |
10.3 |
1.360 |
7.574 |
1.3200 |
Retail |
|
StarHill |
1H – Dec10 |
3.29 |
0.875 |
7.520 |
1.1580 |
Diversified |
|
Axis |
Q1 – Mar11 |
4.20 |
2.370 |
7.089 |
2.0020 |
Office |
|
UOA |
Q4 – Dec10 |
2.47 |
1.400 |
7.057 |
1.5122 |
Office |
|
AmanahRaya |
Q4 – Dec10 |
1.67 |
0.955 |
6.995 |
0.9744 |
Retail |
|
CMMT |
Q4 – Dec10 |
3.40 |
1.160 |
6.259 |
1.0333 |
Malls |
|
Sunway |
FY11 (Jun) – IPO |
6.70 |
1.100 |
6.091 |
0.9745 |
Diversified |
Last Updated : 29-Apr-11
Note : Hektar : Yield Table Uses Full Year DPU 10.3 sen to Compute Yield as Hektar Pays DPU = 2.5 sen for Q1,Q2,Q3 and the Balance in Q4
Withholding tax
- Resident Individual = 10%
- Non Resident Individual = 10%
- Resident Institutional Investors = 10%
- Non-Resident Institutional Investors = 10%
- Resident Companies = 0% ; Subject to Corporate Tax at Prevailing Rate
- Non-Resident Companies = 25% for Year of Assessment 2009
Axis – BT
Axis-REIT declares interim dividend
AXIS Real Estate Investment Trust (Axis-REIT) will provide eDividend to its unitholders, starting May this year.
It will be in time for the payment of the first interim income distribution for the quarter ended March 31 2011, which will be made on May 31.
“A letter of notification on eDividend will be issued on April 29 2011 to all unitholders for more information,” the company said in a statement to Bursa Malaysia yesterday.
Tower – BT
Tower REIT Q1 profit up to RM8.49m
Tower Real Estate Investment Trust’s pre-tax profit for the first quarter ended March 31, 2011, improved to RM8.49 million from RM7.11 million recorded in the same period last year.
Revenue for the period rose to RM12.84 million from RM11.03 million previously following substantial increase in the average occupancy rate of Menara HLA, the company said in a filing to Bursa Malaysia today.- Bernama
Sunway – thestar
SunREIT to give Putra Place a facelift
Financial details will only be revealed after deal is completed
PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) acquisition of Putra Place in Kuala Lumpur for RM519.95mil will likely lead to an overhaul of the property with analysts saying the property might not make an immediate bump in SunREIT’s earnings.
AmResearch in its report on Friday said SunREIT planned to undertake a major renovation exercise on Putra Place to enhance the property.
“The new management may terminate the contract with the current operator of the Legend Hotel and take over running of the hotel or it would tie-up with a global operator,” it said.
It added that while SunREIT has a commendable track record, especially in managing retail assets such as Sunway Pyramid, it remained to be seen if SunREIT would be able to turn Putra Place around.
“The property needs a strong pull-factor to get a decent visitor traffic as the location, although in the city, is not too favourable,” it said.
Putra Place encompasses The Mall shopping complex, the Legend Hotel and an office tower.
The purchase will also strengthen Sunway REIT‘s position as Malaysia’s largest trust.
JPMorgan Securities (M) Sdn Bhd said the management of the real estate investment trust would only release details on profitability and acquisition yield of the property once the deal was completed.
“The group stated that this is an asset with turnaround potential but some renovation works needed to be done. We believe that this has been a low yielding assets and hence not likely to be making earnings immediately, ” it said in a report.
The real estate investment trust, a 36.7% owned associate of Sunway City Bhd, won the bid at an auction held on Wednesday through its trustee OSK Trustees Bhd.
It has 120 days to complete the purchase.
Commerce International Merchant Bankers Bhd (CIMB) put the property up for auction to recover loans given to property owner, Metroplex Holdings Sdn Bhd.
The auction price of the property was reduced thrice as no bids were received.
The property was first auctioned in April 2008 and the price was then set at RM705mil. The latest reserve value was RM513.95mil.
The Mall comprises eight levels of podium retail/shopping units. The Putra Place office tower starts from the 10th to the 33rd floor, while the 25-storey Legend Hotel includes serviced apartments and penthouses. It is located on Jalan Putra opposite the Putra World Trade Centre. The freehold property, with 193,621 sq ft space, has 1,323 parking bay.
SunREIT told Bursa Malaysia on Thursday that it aimed to provide the unit holders with exposure to a diverse portfolio of authorised investments that will provide stable cash distributions with the potential for sustainable growth.
“This involves selectively acquiring properties that meet investment criteria that will provide attractive cash flows and yields, as well as opportunities for further revenue growth through asset enhancement,” it said, adding that it saw enhancement and turnaround opportunities for the property and planned to undertake major renovation works.
It believed that the property will enjoy upside on capital appreciation as well as improved yield.
Sunway – BT
Sunway REIT up on Putra Place bid win
Sunway Real Estate Investment Trust rose to a seven-week high after winning the bid to buy Putra Place, a Malaysian shopping mall, hotel and office development in Kuala Lumpur, for RM513.9 million.
The stock climbed 1.9 per cent to RM1.08 at 9:32 a.m. in Kuala Lumpur trading, on course for its highest level since Feb. 10. — Bloomberg