Month: June 2011
June 2011
Average Yield = 7.362%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
Tower |
2H – Dec10 |
5.50 |
1.250 |
8.800 |
1.6543 |
Office |
|
Al-Hadharah |
2H – Dec10 |
6.20 |
1.450 |
8.552 |
1.4242 |
Diversified |
|
AmFirst |
2H – Mar11 |
4.94 |
1.180 |
8.373 |
1.4125 |
Office |
|
Atrium |
Q1 – Mar11 |
2.15 |
1.090 |
7.890 |
1.0500 |
Industrial |
|
AmanahRaya |
Q1 – Mar11 |
1.81 |
0.920 |
7.870 |
0.9746 |
Retail |
|
Quill Capita |
2H – Dec10 |
4.18 |
1.080 |
7.741 |
1.2764 |
Office |
|
Hektar |
FY10 – Dec |
10.3 |
1.350 |
7.630 |
1.3200 |
Retail |
|
StarHill |
1H – Dec10 |
3.29 |
0.885 |
7.435 |
1.1580 |
Diversified |
|
UOA |
Q1 – Mar11 |
2.46 |
1.410 |
6.979 |
1.4247 |
Office |
|
Axis |
Q1 – Mar11 |
4.20 |
2.450 |
6.857 |
2.0020 |
Office |
|
Sunway |
Q3 – Mar11 |
1.70 |
1.110 |
6.126 |
0.9737 |
Diversified |
|
CMMT |
Q4 – Dec10 |
3.40 |
1.240 |
5.855 |
1.0333 |
Malls |
|
Al-AQAR KPJ |
2H – Dec10 |
3.30 |
1.180 |
5.593 |
1.0600 |
Plantation |
Last Updated : 30-Jun-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
CMMT – BT Singapore
CMMT in RM310m Kuantan mall deal
CAPITALAND’S Malaysia-listed property trust, CapitaMalls Malaysia Trust (CMMT), said yesterday that it has agreed to buy East Coast Mall in Kuantan, Malaysia, for RM310 million (S$126 million). Including the acquisition fee and expenses, the total acquisition cost is about RM330 million. CMMT intends to fund the acquisition through a combination of debt and equity. This will include the proposed placement of up to 299 million new CMMT units to unidentified parties at a price that will be determined later.
Sharon Lim, chief executive of the trust’s manager, said that in addition to funding the acquisition, the share placement will increase the stock’s trading liquidity and allow CMMT to attract even more local and international institutional investors and enlarge its unitholder base.
East Coast Mall is a four-storey shopping mall with a net lettable area of more than 440,000 square feet. The mall has an occupancy rate of 97 per cent. The forecast property yield for 2011 is about 7.1 per cent. Based on CMMT’s closing price of RM1.17 on Monday, CMMT’s implied property yield for 2011 is about 6.4 per cent. Hence the acquisition is yield-accretive to CMMT unitholders, the trust said. The proposed acquisition and share placement are expected to be completed by the last quarter of 2011.
CMMT, which now has three malls in its portfolio, was listed on Bursa Malaysia in July 2010. CapitaLand owns an indirect stake of 27.3 per cent in the trust through CapitaMalls Asia.
AmFirst – BT
REIT expected to buy 2 Cyberjaya buildings
AmFIRST Real Estate Investment Trust (AmFIRST) is expected to sign a deal to buy two commercial buildings in Cyberjaya with a combined estimated value of over RM130 million.
Sources said an agreement between AmFIRST and the Prima Group of companies could be entered into as early as tomorrow.
The properties, which are a couple of years old, were identified as Prima 9 and Prima 10. They are both located within the Prima Avenue II development in Cyberjaya.
The purchase will effectively increase the total assets under AmFIRST’s management by 12 per cent. It currently has six assets worth RM1.02 billion.
|
|
AmFIRST’s last major acquisition was in 2008 when it bought The Summit Subang in USJ Subang Jaya, Selangor.
A source told Business Times that one of the buildings is fully occupied, while the other is currently 80 per cent occupied.
The major tenant of Prima 9, a seven-storey office building with two basement car parks, is EDS MSC Sdn Bhd. It has a total net lettable area of 110,000 sq ft is. The major tenant at Prima 10, with 100,000 sq ft of space, is RBC Dexia.
However, it is understood that upon completion of the purchase, expectedly in September 2011, both buildings will enjoy full occupancy.
According to Prima Avenue’s website, the Prima Avenue I and II are integrated office developments, owned and managed by Prima Properties.
Prima Properties has to date designed and built over 3.8 million sq ft of commercial space in Cyberjaya.
An official from AmFIRST, contacted by Business Times declined to comment when asked about the acquisitions.
Its assets now include Menara AmBank, Bangunan AmBank Group and the AmBank Leadership Centre in Kuala Lumpur.
Apart from The Summit, its properties in Petaling Jaya include Menara Merais and Kelana Brem Towers.
In the financial year ended March 31 2011, AmFIRST revenue slipped 9.8 per cent to RM88.54 million from RM98.19 million.
Net profit declined by 12.35 per cent to RM10.57 million from RM12.60 million in the year ended March 31 2010.
The decrease was attributed to the reduction in occupancy rates in Kelana Brem Towers and cessation of an guaranteed minimum income for Summit Subang.
Nevertheless, AmFIRST declared a dividend of 9.75 sen, which is the same as in the previous year.
May 2011
Results Announcement
- 28 Feb 11 : Al Aqar KPJ (Q210) – DPU 3.3 sen
- 3 May 11 : Sunway (Q311) – DPU 1.7 sen
- 9 May 11 : AmFirst (2H11) – DPU 4.94 sen
- 10 May 11 : UOA (Q111) – DPU 2.46 sen
- 11 May 11 : Hektar (Q111) – DPU 2.5 sen
- 27 May 11 – AmanahRaya (Q111) – DPU 1.81 sen
Average Yield = 7.514%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
Tower |
2H – Dec10 |
5.50 |
1.220 |
9.016 |
1.6543 |
Office |
|
Al-Hadharah |
2H – Dec10 |
6.20 |
1.400 |
8.857 |
1.4242 |
Diversified |
|
AmFirst |
2H – Mar11 |
4.94 |
1.160 |
8.517 |
1.4125 |
Office |
|
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 |
|
Hektar |
FY10 – Dec |
10.3 |
1.320 |
7.803 |
1.3200 |
Retail |
|
AmanahRaya |
Q1 – Mar11 |
1.81 |
0.955 |
7.581 |
0.9746 |
Retail |
|
StarHill |
1H – Dec10 |
3.29 |
0.875 |
7.520 |
1.1580 |
Diversified |
|
Axis |
Q1 – Mar11 |
4.20 |
2.360 |
7.119 |
2.0020 |
Office |
|
UOA |
Q1 – Mar11 |
2.46 |
1.390 |
7.079 |
1.4247 |
Office |
|
CMMT |
Q4 – Dec10 |
3.40 |
1.160 |
6.259 |
1.0333 |
Malls |
|
Sunway |
Q3 – Mar11 |
1.70 |
1.100 |
6.182 |
0.9737 |
Diversified |
|
Al-AQAR KPJ |
2H – Dec10 |
3.30 |
1.180 |
5.593 |
1.0600 |
Plantation |
Last Updated : 31-May-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