Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q3 2011 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 4, 2011

  1. Slide 1: Third Quarter 2011 Financial Results Presentation

    THIRD QUARTER 2011 FINANCIAL RESULTS PRESENTATION 4 NOVEMBER 2011 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer

    PRIVATE & CONFIDENTIAL 2 Disclaimer The material that follows is a presentation of general background information about the activities of the Hektar Group (including Hektar REIT and any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form s

  3. Slide 3: Financial Summary

    PRIVATE & CONFIDENTIAL 3 Financial Summary Third Quarter 2011 1 July 2011 – 30 September 2011 Three (3) months Operational & Financial Performance Dividend Distribution Portfolio Occupancy: ~ 97.8% Third Quarter Interim Dividend Per Unit Rent Reversions: + 27% (DPU): 2.50 sen Net Income per Unit

  4. Slide 4: Hektar REIT Annual DPU Growth Positive Since IPO

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Growth Positive Since IPO Current Dividend Distribution Details Third Quarter 2011  Distribution Period: 1 July – 30 Sept 2011  Quarterly DPU: 2.50 sen  Notice of Entitlement: 4 November 2011  Ex-Dividend Date: 21 November 2011

  5. Slide 5: Hektar REIT Dividend Yield at approximately 7.9%

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 7.9%  Traded at a 392 bps spread over MGS 10-year Hektar REIT Unit Price Change Hektar REIT Comparative Yields First 9 Months 2011 Unit Price RM 1.26 1.40 30 Sept 2011 9% 7.9% 8% 1.35 7% 392 bps 5.80%

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~97.8% ► Rental Reversions at a positive 27% for 3Q 2011 ► Tenancy Expiry Profile ►

  7. Slide 7: Overall Portfolio Occupancy at ~97.8%

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~97.8% Hektar REIT Portfolio Occupancy *Approximate average, weighted by Net Lettable Area. Subang Parade Mahkota Parade Wetex Parade Occupancy (%) Occupancy (%) Occupancy (%) 100% 99.8% 99.6% 99.9% 100% 100% 9

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions positive at 27% for third quarter  3Q 11: 38 new tenancies / renewals at 27% higher average rental rate  Year-To-Date rental reversion at 18% higher  Subang Parade opened new F&B zone at the Market Place Hektar R

  9. Slide 9: Hektar REIT Portfolio – Tenancy Expiry Profile

    PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property Hektar REIT Tenancy Expiry Profile by Property As at 30 September 2011 42% 35% 30% 31% 28% 18% 8% 4% FY 2011 FY 2012 FY 2013 FY 2014 43% 36% 27% 22% 21% 15% 10% 12% FY 2011 FY 2012

  10. Slide 10: Tenancy Portfolio Expiry Profile 2011 – 2014

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2011 – 2014  FY2011 tenancy expiries account for approximately 12% of monthly rental income*  88% of Portfolio Tenancy Rental Income locked in for 2011 Hektar REIT Tenancy Expiry Profile – Ove

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Third Quarter 2011 Net Income down 1.2% from previous corresponding quarter ► Year-To-Date 2011 Net Income up 0.2% from previous corresponding period ► Hektar REIT trading at a 5% discount to NAV as at 3Q11 ► Hektar REIT Average Cost of Debt at 4.11% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative Third Quarter 2011 Net Income down 1. 2% vs previous year’s third quarter For Period 1 July – 30 September 2011 (versus previous comparable period) Note: With effect from 1 January 2010, revenue is now reported following implementation

  13. Slide 13: Income Statement – Quarter Year to Date Comparative

    PRIVATE & CONFIDENTIAL 13 Income Statement – Quarter Year to Date Comparative Third Quarter 2011 Year To Date Net Income up 0.2% vs previous period For Period 1 January – 30 September 2011 (versus previous comparable period)

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for Third Quarter 2011

  15. Slide 15: Debt Profile for Third Quarter 2011

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for Third Quarter 2011 Debt Expiry Profile As at 30 September 2011 Debt Information 200 As at 30 September 2011 175 150  Total Debt: RM347 million 125 100  Weighted Cost of Debt: 4.11% 75  Gearing Ratio1: 43.4% 50 25  Interest Cover2: 3.87 0 FY

  16. Slide 16: Contact

    PRIVATE & CONFIDENTIAL 16 Contact “Creating The Places Where People Love To Shop” Investor Relations Hektar Asset Management Sdn Bhd D1-U3-10, Solaris Dutamas, No. 1, Jalan Dutamas 1, 50480 Kuala Lumpur MALAYSIA Tel: +6 03 6205 5570  Fax: +6 03 6205 5571  Web: www.HektarREIT.com Please visit our

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