October 2011
Results Announced
- 15 Sep 11 : Al-Aqar KPJ (Table Updated)
- 17 Oct 11 : Axis (Table Updated)
- 18 Oct 11 : AmFirst (Table Updated)
- 25 Oct 11 : CMMT (Table Updated)
- 27 Oct 11 : Atrium (Table Updated)
Average Yield = 7.303%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
Tower |
1H – Jun11 |
5.15 |
1.240 |
8.306 |
1.6808 |
Office |
|
AmanahRaya |
Q2 – Jun11 |
1.81 |
0.885 |
8.181 |
0.9753 |
Retail |
|
Hektar |
FY10 – Dec |
10.3 |
1.300 |
7.923 |
1.3200 |
Retail |
|
Atrium |
Q3 – Sep11 |
2.10 |
1.070 |
7.850 |
1.0499 |
Industrial |
|
Al-AQAR KPJ |
1H – Jun11 |
5.17 |
1.110 |
7.631 |
1.0800 |
Plantation |
|
Quill Capita |
1H – Jun11 |
4.00 |
1.060 |
7.547 |
1.2801 |
Office |
|
AmFirst |
1H – Sep11 |
4.48 |
1.190 |
7.529 |
1.4073 |
Office |
|
StarHill |
2H – Jun11 |
3.199 |
0.855 |
7.483 |
1.1580 |
Diversified |
|
UOA |
Q2 – Jun11 |
2.43 |
1.360 |
7.147 |
1.4256 |
Office |
|
Al-Hadharah |
1H – Jun11 |
4.00 |
1.430 |
7.133 |
1.4288 |
Diversified |
|
Axis |
Q3 – Sep11 |
4.30 |
2.630 |
6.540 |
1.9984 |
Office |
|
CMMT |
2H – Dec11 |
2.83 |
1.320 |
5.928 |
1.0627 |
Malls |
|
Sunway |
Q4 – Jun11 |
1.62 |
1.130 |
5.735 |
1.0313 |
Diversified |
Last Updated : 31-Oct-11
Notes
- CMMT : Advance DPU = 2.83sen (1-Jul-11 to 10-Nov-11)
- 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 2H10 DPU = 6.2 sen + 1H11 DPU = 4 sen as it is Observed that 2H DPU > 1H DPU
- 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 – thestar
Axis REIT to buy RM48.5m assets
Axis Real Estate Investment Trust (REIT) has proposed an acquisition and leaseback of a three-storey office block and a logistic warehouse complex for RM48.5mil cash from DHL Properties (M) Sdn Bhd.
The agreement was entered into by OSK Trustee Bhd, the trustee for Axis REIT.
The 3.083ha land is located in Barat Daya district, Penang, Axis REIT said in a statement on Tuesday.
“The proposed acquisition and leaseback of the properties is consistent with the investment objective and strategy of Axis REIT and it will be accretive to Axis REIT’s distributable income.
“It will also diversify and enlarge Axis REIT’s portfolio of properties and is expected to benefit in the long term from economies of scale,” it said. – Bernama
Axis – thestar
Axis-REIT Q3 net profit down
Axis Real Estate Investment Trust has posted a lower net profit of RM16.8mil for the third quarter ending Sept 30, against RM24.3mil in the previous corresponding period, while revenue for the period was higher at RM29.2mil versus RM22.4mil.
In a filing with Bursa Malaysia it said that there was an unrealised change in fair value of investment properties of RM11.7mil for the period last year which contributed to a higher net profit compared with its third-quarter result this year.
September 2011
Average Yield = 7.513%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
AmFirst |
2H – Mar11 |
4.94 |
1.120 |
8.821 |
1.4125 |
Office |
|
Tower |
1H – Jun11 |
5.15 |
1.210 |
8.512 |
1.6808 |
Office |
|
Atrium |
Q2 – Jun11 |
2.15 |
1.040 |
8.269 |
1.0499 |
Industrial |
|
AmanahRaya |
Q2 – Jun11 |
1.81 |
0.880 |
8.227 |
0.9753 |
Retail |
|
Hektar |
FY10 – Dec |
10.3 |
1.260 |
8.175 |
1.3200 |
Retail |
|
Quill Capita |
1H – Jun11 |
4.00 |
1.000 |
8.000 |
1.2801 |
Office |
|
StarHill |
2H – Jun11 |
3.199 |
0.830 |
7.708 |
1.1580 |
Diversified |
|
Axis |
Q2 – Jun11 |
4.50 |
2.350 |
7.660 |
2.0020 |
Office |
|
UOA |
Q2 – Jun11 |
2.43 |
1.290 |
7.535 |
1.4256 |
Office |
|
Al-Hadharah |
1H – Jun11 |
4.00 |
1.430 |
7.133 |
1.4288 |
Diversified |
|
CMMT |
1H – Jun11 |
3.90 |
1.310 |
5.954 |
1.0640 |
Malls |
|
Al-AQAR KPJ |
2H – Dec10 |
3.30 |
1.130 |
5.841 |
1.0800 |
Plantation |
|
Sunway |
Q4 – Jun11 |
1.62 |
1.110 |
5.838 |
1.0313 |
Diversified |
Last Updated : 30-Sep-11
Notes
- Al-Hadharah : Yield Uses 2H10 DPU = 6.2 sen + 1H11 DPU = 4 sen as it is Observed that 2H DPU > 1H DPU
- 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 buys RM59m Penang properties from Apex
Axis Real Estate Investment Trust (Axis-REIT) is buying two parcels of leasehold industrial land, together with a warehouse and office building in Seberang Perai, Pulau Pinang, from Apex Properties Sdn Bhd for RM59 million.
The acquisition will see Axis-REIT portfolio increase to 28 properties with an asset size of over RM1.33 billion.
CB Richard Ellis has valued the property at RM62 million.
Axis-REIT Managers Bhd chief executive officer Steward LaBrooy described the asset as high yielding. ” It will provide a stable income stream and is consistent with the investment objectives and strategy of the fund and will be accretive to Axis-REIT’s distributable income.”
|
|
Gross annual rental income from the tenant – transport and freight forwarding Schenker Logistic (Malaysia) Sdn Bhd – is RM6.88 million.
Schenker has an agreement that will end in 2014, with an option to renew every two years.
Both parcels of land are adjoining and are located in Bukit Tengah Industrial Park. The land measuring 589,593 sq ft has a tenure expiring in 2052, while the other piece, measuring 8,859 sq ft, has a lease expiring in May 2068.
The purchase will be funded by an existing bank borrowings of Axis-REIT. The proposed debt financing will increase Axis REIT’s gearing ratio to 39 per cent of audited total assets.
The acquisition is expected to be completed before December 31 2011.
Axis – thestar
Axis REIT to acquire land in Seberang Perai
Axis Real Estate Investment Trust (REIT) has entered into an agreement with Apex Properties Sdn Bhd to acquire single-storey warehouses on leasehold land in Seberang Perai, Penang for RM59 million.
The REIT’s manager said in an announcement to the stock exchange that this was part of the REIT’s diversification strategy that would benefit from economies of scale.
Sunway – BT
Sunreit takes possession of Putra Place
Sunway Real Estate Investment Trusts (Sunreit) has finally taken complete physical possession of Putra Place, six months after it winning the bid for the building at an auction.
Sunreit was unable to move in as the previous owner of the assets, Metroplex Holdings Sdn Bhd took legal action to nulify the auction.
Sunreit Management Sdn Bhd’s chief executive officer Datuk Jeffrey Ng when contacted by Business Times this morning said there are three parts to the assets.
“We took possession of the office building and mall last night after the court ruling which declared us as the rightful owner and we took possession of the hotel this morning,” he said.
|
|
Ng added that the most important thing now is the hard work that will go into planned major refurbishment to enhance the property.
An estimated RM100 million to RM200 million will be spent on the asset that was bought for RM513.95 million.
Sunway – thestar
Metroplex loses appeal
The Court of Appeal upheld the decision of the High Court which had declared OSK Trustees Berhad as trustee for Sunway Real Estate Investment Trust (Sunreit), the legal owner of the commercial complex Putra Place.
A three-man panel comprising Justices Datuk Ramly Ali, Datuk Alizatul Khair Osman Khairuddin and Anantham Kasinather unanimously dismissed two appeals brought by Metroplex Holdings Sdn Bhd, the original owners of Putra Place.
Justice Ramly said the panel found that all the issues raised by Metroplex in the appeal proceeding today had been dealt with by the High Court and that the panel was in full agreement with the High Court’s decision.
The court ordered Metroplex to pay RM200,000 in legal costs to OSK Trustees Berhad and Sunway Reit Management Sdn Bhd.
The panel dismissed the first appeal brought by Metroplex against the decision of judicial commissioner Vazeer Alam Mydin Meera on June 28 this year in allowing an originating summons by OSK Trustees Berhad and Sunway Reit Management Sdn Bhd to declare OSK Trustees Berhad the legal owner of the property.
The second appeal, which was also dismissed, was with regard to the decision of the same High Court which had dismissed Metroplex’s application concerning consolidation of two originating summons.
OSK Trustees Berhad had successfully acquired Putra Place in a public auction on March 30 this year on behalf of Sunway REIT with the purchase price of RM513.945mil.
The High Court also ordered Metroplex to deliver possession of Putra Place within 72 hours of the court order. However, Metroplex obtained an order for stay of the decision pending today’s appeal.
The building which comprises a retail shopping mall, an office block, service apartments and a five star hotel and car parking bays, is situated on a piece of land at Lot 38, Section 51 in Kuala Lumpur.
Metroplex had charged the land to Commerce International Merchant Bankers Bhd (CIMB) by way of a third party charge to secure financing facilities granted to the company.
However, there was a default on the charge resulting in foreclosure proceedings on the land whereby the Kuala Lumpur High Court ordered the property to be sold by way of public auction.
Metroplex was represented by lawyer K.Kirubakaran and K.Y. Leong. OSK Trustees by counsel Lambert Rasaratnam and Sunreit by counsel David Lingam. BERNAMA
August 2011
Results Announcement
- 9 Aug 11 : Al-Hadharah – DPU 4 sen
- 10 Aug 11 : AmFirst – No DPU as Semi-Annual DPU Payout Policy
- 11 Aug 11 : Sunway – DPU 1.62 sen
- 17 Aug 11 : Hektar – DPU 2.5 sen
- 23 Aug 11 : AmanahRaya – DPU 1.81 sen
- 23 Aug 11 : Al Aqar – No DPU Announced
Average Yield = 7.410%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
AmFirst |
2H – Mar11 |
4.94 |
1.140 |
8.667 |
1.4125 |
Office |
|
Tower |
1H – Jun11 |
5.15 |
1.190 |
8.655 |
1.6808 |
Office |
|
AmanahRaya |
Q2 – Jun11 |
1.81 |
0.890 |
8.135 |
0.9753 |
Retail |
|
Atrium |
Q2 – Jun11 |
2.15 |
1.060 |
8.113 |
1.0499 |
Industrial |
|
Hektar |
FY10 – Dec |
10.3 |
1.300 |
7.923 |
1.3200 |
Retail |
|
Quill Capita |
1H – Jun11 |
4.00 |
1.020 |
7.843 |
1.2801 |
Office |
|
UOA |
Q2 – Jun11 |
2.43 |
1.320 |
7.364 |
1.4256 |
Office |
|
Axis |
Q2 – Jun11 |
4.50 |
2.450 |
7.347 |
2.0020 |
Office |
|
StarHill |
2H – Jun11 |
3.199 |
0.875 |
7.312 |
1.1580 |
Diversified |
|
Al-Hadharah |
1H – Jun11 |
4.00 |
1.470 |
6.939 |
1.4288 |
Diversified |
|
CMMT |
1H – Jun11 |
3.90 |
1.270 |
6.142 |
1.0640 |
Malls |
|
Sunway |
Q4 – Jun11 |
1.62 |
1.080 |
6.000 |
1.0313 |
Diversified |
|
Al-AQAR KPJ |
2H – Dec10 |
3.30 |
1.120 |
5.893 |
1.0800 |
Plantation |
Last Updated : 30-Aug-11
Notes
- Al-Hadharah : Yield Uses 2H10 DPU = 6.2 sen + 1H11 DPU = 4 sen as it is Observed that 2H DPU > 1H DPU
- 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
Al-Aqar KPJ – BT
Al-‘Aqar KPJ REIT improves Q2 profit
Al-‘Aqar KPJ REIT’s pre-tax profit for the second quarter ended June 30, 2011 rose to RM11.12 million from RM10.95 million in the same period last year.
Revenue rose to RM19.819 million from RM17.214 million previously.
In a filing to Bursa Malaysia today, the company said the increase was mainly due to new rental income contributed by KPJ Tawakkal Specialist Hospital and additional building of Johor Specialist Hospital, which was acquired in July and December 2010, respectively.
“Both properties had contributed approximately RM2.8 million, or 15 per cent, of rental income recorded during the quarter,” it said. — Bernama