Month: February 2012

 

February 2012

Results Announcement

  • 16 Jan 12 : Axis
  • 8 Feb 12 : Pavilion
  • 9 Feb 12 : Sunway
  • 13 Feb 12 : Hektar
  • 15 Feb 12 : AmanahRaya

 

Average Yield = 7.253%

REIT

Period

DPU (sen)

Price (RM)

Yield

NAV (RM)

Assets Type

Starhill

1H – Dec11

4.0112

0.920

8.720%

1.1448

Diversified

Tower

2H – Dec11

5.7

1.290

8.411%

1.6825

Office

AmanahRaya

Q4 – Dec11

1.88

0.905

8.309%

1.0496

Retail

UOA

Q4 – Dec11

2.7

1.370

7.883%

1.4224

Office

Hektar

FY11 – Dec

10.5

1.350

7.778%

1.4800

Retail

Quill Capita

2H – Dec11

4.3

1.110

7.748%

1.2947

Office

Atrium

Q4 – Dec11

2.13

1.110

7.676%

1.1047

Industrial

AmFirst

1H – Sep11

4.48

1.190

7.529%

1.3860

Office

Al-AQAR Healthcare

1H – Jun11

5.17

1.200

7.058%

1.0800

Plantation

Al-Hadharah

2H – Dec11

8

1.720

6.977%

1.8064

Diversified

Sunway

Q2 – Dec11

1.99

1.260

6.317%

1.0131

Diversified

Axis

Q4 – Dec11

4.2

2.710

6.199%

2.0804

Office

CMMT

2H – Dec11

1.14

1.430

5.820%

1.0959

Malls

Pavilion

FY12 – IPO

5.73

1.120

5.116%

0.9600

Malls

Last Updated : 29-Feb-12

Notes

  • Pavilion : DPU = 5.73 sen (IPO FY12 Forecast)
  • CMMT : DPU = 1.14sen (11-Nov-11 to 31-Dec-11)
  • Tower : Yield Uses 1H11 DPU = 5.15 sen + 2H11 DPU = 5.7 sen
  • Al-Aqar KPJ : Yield Uses 2H10 DPU = 5.17 sen + 1H11 DPU = 3.3 sen as it is Observed that 2H DPU > 1H DPU
  • Al-Hadharah : Yield Uses 2H11 DPU = 8 sen + 1H11 DPU = 4 sen as it is Observed that 2H DPU > 1H DPU
  • Hektar : Yield Table Uses Full Year DPU 10.5 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

 

February 29, 2012 Yield Comments Off on February 2012

Hektar – thestar

Hektar REIT profit jumps to RM58mil

Hektar Real Estate Investment Trust’s (Hektar REIT) net profit jumped to RM57.7mil for the fourth quarter ended Dec 31, 2011 from RM11.3mil a year earlier.

Its revenue rose to RM24.2mil against RM24mil previously.

Hektar REIT’s net profit increased to RM86.6mil for the financial year ended Dec 31, 2011 (FY11), up from RM39.1mil previously on RM47.7mil gain on revaluation of investment properties. Its full-year revenue stood at RM94.9mil from RM90.8mil previously.

Hektar REIT declared a final quarter dividend per unit of 3 sen.

February 14, 2012 Hektar Comments Off on Hektar – thestar

Sunway – thestar

Sunway REIT Q2 net income up 13.4%

PETALING JAYA: Sunway Real Estate Investment Trust (REIT) recorded a 13.4% increase in net realised income of RM50.7mil in its second quarter ended Dec 31, 2011, compared to RM44.7mil a year ago.

In a press release to Bursa Malaysia, the REIT said that the increase was due to better performing initial portfolio where eight assets had an increase of RM3.5mil while Sunway Putra Place made a turnaround from loss to contribute RM2.6mil to the portfolio.

Sunway REIT’s net property income jumped 25.3% to RM78.7mil bolstered by strong performance from initial portfolio and full income recognition from Sunway Putra Place following the full control and possession of the assets last September.

It said in a separate announcement on Bursa Malaysia that “despite global headwinds and softening of underlying economic fundamentals, the manager is confident of the prospects of Sunway REIT’s portfolio of assets of which seven out of 11 assets are strategically located in vibrant townships with inherent captive markets.”

Going forward, the REIT expects strong performance from the initial portfolio of eight properties while operation of Sunway Putra Place continue exhibiting encouraging improvement.

February 10, 2012 Sunway Comments Off on Sunway – thestar