Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q4 FY2023 Earnings Presentation
20 slides from Ame Real Estate Investment Trust's earnings presentation, April 2023
Slide 1: Investor Presentation Q4 FY2023
Investor Presentation Q4 FY2023
Slide 2: Portfolio Highlights as at 31 March 2023
Portfolio Highlights as at 31 March 2023 RM614.7 mil RM640.0 mil 3.7 Years 1.772 mil sq ft 11.4% Market Capitalisation Portfolio Market Value Weighted Average Lease Expiry Space under Management(1) Gearing Ratio (by Net Lettable Area)(1) 36 33 100% 3 100% No. of Properties No. of Industrial Properti
Slide 3: Q4 FY2023 Highlights
Q4 FY2023 Highlights Total Revenue of RM10,773,000(1) Net Asset Value (“NAV”) of RM559,612,000 NAV per unit of RM1.0743(2) Net Property Income of RM10,187,000(1) 520,895,000 number of units in issue(2) Trading at a premium of 9.8% to NAV at Distributable Income of RM9,515,000(1) RM1.18 per unit(2) I
Slide 4: Portfolio Overview
Portfolio Overview
Slide 5: Location of Subject Properties
Location of Subject Properties 3
Slide 6: Portfolio of Quality Tenants
Portfolio of Quality Tenants • Multinational corporations occupy an aggregate NLA of 91.4% of net lettable area • Top 10 tenants of Industrial Properties Malaysian subsidiary of a foreign multinational electronics manufacturing services company 4
Slide 7: Portfolio Diversification
Portfolio Diversification 5
Slide 8: Portfolio Diversification
Portfolio Diversification 6
Slide 9: Portfolio Diversification
Portfolio Diversification 7
Slide 10: Tenancy Expiry Profile
Tenancy Expiry Profile % of gross rental income expiring against total rental income of properties as of 31/03/2023 2 3 1 5 0 3 0 1 12.0 9.7 10.0 7.9 8.0 6.0 5.0 5.0 3.7 4.0 2.0 1.1 0.0 0.0 0.0 SAC Industrial Properties Indahpura Industrial Properties SILC Industrial Properties Dormitories FY2023 FY
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights as at 31 March 2023
Financial Highlights as at 31 March 2023 RM655.5 mil RM74.9 mil 11.4% 100% Total Assets Total Financing Gearing Ratio Income Distribution for FY2023 RM559.6 mil RM1.0743 1.8228 sen RM1.18 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit(1) Market Price per Unit (Before Income
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000, unless otherwise stated Q4 FY2023 Units in RM’000, unless otherwise stated As at 31 March 2023 Rental income 10,773 Investment properties 640,000 Property operating expenses (586) Total non-curren
Slide 14: Financing Headroom
Financing Headroom RM 580.6 mil Financing headroom of up to 50.0% RM505.7 mil for acquisitions RM 74.9 mil 11.4% As at 31 March 2023 Maximum Financing 11
Slide 15: Recent Acquisitions of Properties from the Sponsor
Recent Acquisitions of Properties from the Sponsor
Slide 16: Plot 43 SAC
Plot 43 SAC Tenant SGS (Malaysia) Sdn Bhd Market Value RM17.00 million Purchase Consideration RM16.25 million Tenure Freehold Lease Term 10 Years and 2 Months Renewal Term 5 Years Agreed Lettable Area 56,814 sq ft Monthly Rental Amount RM1.60 to RM1.85 psf per month / RM90,904 to RM105,107 per month
Slide 17: Plot 15 Indahpura
Plot 15 Indahpura Tenant HID Global Sdn Bhd Market Value RM28.00 million Purchase Consideration RM26.50 million Tenure Freehold Lease Term 10 Years and 2 Months Renewal Term 3 Years Agreed Lettable Area 101,764 sq ft Monthly Rental Amount RM1.50 to RM1.85 psf per month / RM152,646 to RM188,264 per m
Slide 18: Plot 16 Indahpura (In-progress)
Plot 16 Indahpura (In-progress) Tenant HQPack Sdn Bhd Market Value RM28.00 million Purchase Consideration RM26.50 million Tenure Freehold Lease Term 10 Years and 1 Month Renewal Term 3 Years Agreed Lettable Area 98,249 sq ft Monthly Rental Amount RM1.50 to RM1.90 psf per month / RM147,374 to Illustr
Slide 19: Acquisition Progress
Acquisition Progress • Following the payment of the balance Purchase Consideration of approximately RM23.9 million and approximately RM14.6 million for the Plot 15 Indahpura and Plot 43 SAC respectively, the Plot 15 Indahpura SPA and Plot 43 SAC SPA were completed on 24 March 2023. • Plot 16 Indahpu
Slide 20: THANK YOU
THANK YOU
Ame Real Estate Investment Trust — Q4 FY2023 Earnings Presentation on 6ix