Sunway Real Estate Investment Trust · MYX:SUNREIT

Sunway Real Estate Investment Trust — Q1 FY2013 Earnings Presentation

56 slides from Sunway Real Estate Investment Trust's earnings presentation, Oct 23, 2012

  1. Slide 1: Sunway REIT Financial Results 1st Quarter ended 30 September 2012

    STRICTLY PRIVATE & CONFIDENTIAL SUNWAY REIT FINANCIAL RESULTS 1st Quarter ended 30 September 2012 (FYE 30 June 2013) Announcement date: 23 October 2012 0

  2. Slide 2: Disclaimer

    STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISCLAIMER This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic con

  3. Slide 3: Contents

    STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL CONTENTS • Highlights & Key Updates • 1Q 2013 Financial Results • 1Q 2013 Portfolio Performance • 1Q 2013 Property Performance • Market Outlook • Investor Relations 2

  4. Slide 4: Highlights & Key Updates

    STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL HIGHLIGHTS & KEY UPDATES Note : The financial results should be read in conjunction with the 1Q 2013 announcement to Bursa Malaysia Securities Berhad 3

  5. Slide 5: Distribution Details

    STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISTRIBUTION DETAILS Dividend Distribution Details Distribution period 1 July 2012 - 30 September 2012 1 Distribution Per Unit (DPU) (sen) 2.03 Notice of Entitlement 23 October 2012 Ex-Dividend Date 6 November 2012 Book Closure Date 8 N

  6. Slide 6: Financial Highlights

    STRICTLY PRIVATE STRICTLY PRIVATE && CONFIDENTIAL CONFIDENTIAL FINANCIAL HIGHLIGHTS Highlights 1Q 2013 1Q 2012 Change % No. of Properties 11 11 0.0% Property Value (RM'billion) 4.638 4.384 5.7% No. of Units in circulation 2,698,647,600 2,689,266,300 0.3% Unit Price as at 30 Sept (RM) 1.45 1.11 30.6%

  7. Slide 7: Financial Highlights

    STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM’ million Gross Revenue RM’ million Net Property Income 101.0 73.5 100.0 73.0 99.8 72.5 72.9 99.0 5.0% 3.7% 98.0 72.0 71.5 97.0 71.0 96.0 70.5 95.0 95.0 70.0 70.3 94.0 69.5 93.0 69.0 92.0 68.5 1Q 2013 1Q 2012 1Q 2013 1Q 2012 6

  8. Slide 8: Financial Highlights

    STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS Income Before Taxation (Realised) DPU RM’ million RM’ Sen 54.0 2.10 52.0 2.05 52.0 17.6% 2.00 2.03 50.0 16.0% 1.95 48.0 1.90 1.85 46.0 1.80 44.0 1.75 44.2 1.75 1.70 42.0 1.65 1.60 40.0 1Q 2013 1Q 2012 1Q 2013 1Q 2012 7

  9. Slide 9: Key Updates

    STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES 15-year unrated medium term note programme of up to RM1.0 billion in nominal value  RM400 million in nominal value was issued on 9 Oct 2012. Corporate proposals  Proposed acquisition of Sunway Medical Centre (“SunMed Prope

  10. Slide 10: Key Updates (Cont'd)

    STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES (Cont’d) Corporate proposals (cont’d)  The Proposals have been submitted to Securities Commission on 10 October 2012 and are conditional upon the following approvals being obtained: (i) the SC for the following: (a) the iss

  11. Slide 11: 1Q 2013 Financial Results

    STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 1Q 2013 FINANCIAL RESULTS Note : The financial results should be read in conjunction with the 1Q 2013 announcement to Bursa Malaysia Securities Berhad 10

  12. Slide 12: Consolidated Statement of Comprehensive Income – 1Q 2013

    STRICTLY PRIVATE & CONFIDENTIAL CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – 1Q 2013 1Q 2013 1Q 2012 YTD 2013 YTD 2012 Actual Actual Change Actual Actual Change RM'000 RM'000 % RM'000 RM'000 % Gross Revenue 99,772 95,039 5.0% 99,772 95,039 5.0% Less : Property operating expenses (26,892) (24,785

  13. Slide 13: Consolidated Statement of Financial Position

    STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30.09.2012 30.06.2012 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 589 437 Investment properties 4,638,467 4,630,000 Derivative financial instrument - 8,455 4,639,056 4,638,892

  14. Slide 14: Debt Profile - 30 September 2012

    STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL DEBT PROFILE- 30 SEPTEMBER 2012 30-Sep-12 30-Jun-12 Term Loan Maturity Profile (RM'mil) Borrowings (RM'million) 1,578.8 1,567.6 1,400 1,200 1,000 Cost of Debt as at end of the period 3.70% 3.73% 800 1,268 Average Cost of Debt 3.70% 4.45

  15. Slide 15: 1Q 2013 Portfolio Performance

    STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 1Q 2013 PORTFOLIO PERFORMANCE Note : The financial results should be read in conjunction with the 1Q 2013 announcement to Bursa Malaysia Securities Berhad 14

  16. Slide 16: 1Q/YTD 2013 Revenue Contribution

    STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL 1Q/YTD 2013 REVENUE CONTRIBUTION 1Q/YTD 2013 (RM'mil) 99.8 1Q/YTD 2012 (RM'mil) 95.0 Retail Hotel Office 70.0 60.0 58.1 55.0 50.0 40.0 30.0 20.0 10.0 7.6 6.5 6.5 5.9 8.3 8.6 5.7 6.0 4.1 4.1 3.9 4.2 1.1 1.1 2.0 2.2 2.4 0.3 1.2 - - Sunway Sun

  17. Slide 17: 1Q/YTD 2013 Revenue Contribution

    STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 1Q/YTD 2013 REVENUE CONTRIBUTION By sector By property Menara Sunway Office Sunway Putra 10% 4% Sunway Tower Tower Hotel Sunway 2% 4% 16% Putra Hotel Retail 2% SHSJ 74% 0% Pyramid Tower 6% SRH & Spa 8% By location Sunway Sunway Pyramid

  18. Slide 18: 1Q/YTD 2013 NPI Contribution

    STRICTLY PRIVATE & CONFIDENTIAL 1Q/YTD 2013 NPI CONTRIBUTION NPI Margin 1Q/YTD 2013 (RM'mil) 72.9 73.0% 1Q/YTD 2012 (RM'mil) 70.3 74.0% Retail Hotel Office 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - SCI Sunway Sunway Sunway SHSJ 2 Sunway Sunway SRH & Pyramid Menara Sunway Sunway3 Tower 4 Hyper- P

  19. Slide 19: 1Q/YTD 2013 NPI Contribution

    STRICTLY PRIVATE & CONFIDENTIAL 1Q/YTD 2013 NPI CONTRIBUTION By property By sector Office 10% Sunway Tower Sunway 4% Putra Tower Menara Hotel 2% Sunway 21% Retail Sunway 4% 69% Putra Hotel 2% SHSJ 0% Pyramid Tower 8% Sunway By location SRH & Spa 11% Pyramid 56% Kuala Lumpur Sunway Penang 13% 7% Putr

  20. Slide 20: Resilient Income Stream

    STRICTLY PRIVATE & CONFIDENTIAL RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE(1) as at 30 September 2012 –2.17 years Top 10 tenants comprise approximately 18.6% Projected tenancy expiry of portfolio (2) Top ten tenants 50.0% Total Top 10 Tenants 18.6% 45.0

  21. Slide 21: YTD 1Q 2013 Rental Reversion

    STRICTLY PRIVATE & CONFIDENTIAL YTD 1Q 2013 RENTAL REVERSION Note: The hotel properties are under a 10-year hotel master lease (HML). HML for Sunway Resort Hotel & Spa, Pyramid Tower Hotel and Sunway Hotel Seberang Jaya will be due in July 2020. As for Sunway Putra Hotel, HML will be due in Sept 202

  22. Slide 22: 1Q FY2013 Property Performance

    STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 1Q FY2013 PROPERTY PERFORMANCE 21

  23. Slide 23: Retail Properties – Sunway Pyramid Shopping Mall

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 105.0% 99.3% 98.5% 98.6% 99.2% 60% 97.9% 98.2% 100.0% 61.5% 50% 92.3% 95.0% 40% 90.0% 30% 85.0% 20% 80.0% 10% 16.3% 5.9% 7.5% 7.4% 75.0%

  24. Slide 24: Retail Properties – Sunway Pyramid Shopping Mall (Cont'd)

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL (Cont’d) Tenant Mix Top 10 tenants Total Top 10 Tenants 13.0% Fashion & Footwear Aeon Co (M) Bhd 2.4% Food & Beverage Parkson Corporation Sdn Bhd 1.8% TGV Cinemas Sdn Bhd 1.6% 19.9% Department Store Sunway Resort Hotel

  25. Slide 25: Retail Properties – Sunway Carnival Shopping Mall

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 50% 45.1% 95.7% 45% 93.6% 95.0% 91.8% 40% 90.6% 91.2% 35% 30.9% 88.5% 90.0% 86.8% 30% 25% 85.0% 20% 16.0% 15% 80.0% 10% 3.8% 5% 7

  26. Slide 26: Retail Properties – Sunway Carnival Shopping Mall (Cont'd)

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL (Cont’d) Tenant Mix Top 10 tenants Total Top 10 tenants 28.4% Fashion & Parkson Corporation Sdn Bhd 10.9% Footwear Food & Beverage GCH Retail (Malaysia) Sdn Bhd 3.4% 22.7% Sunway Hotel Seberang Jaya Sdn Bhd 2.9% 29.8%

  27. Slide 27: Retail Properties – Suncity Ipoh Hypermarket

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNCITY IPOH HYPERMARKET Historical occupancy rates Average occupancy rate 100.0% 100% 100% 100% 100% 100% 100% 100% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Ytd 1Q Ytd 1Q 2012 2013 Suncity Ipoh

  28. Slide 28: Retail Properties – Sunway Putra Mall

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 100.0% 90.0% 90.0% 79.8% 80.0% 73.8% 80.0% 70.0% 70.0% 60.0% 60.0% 50.0% 55.3% 50.0% 2 40.0% 35.2% 40.0% 30.0% 30.0% 17.6% 20.0% 20.0% 10.0%

  29. Slide 29: Retail Properties – Sunway Putra Mall (Cont'd)

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL (Cont’d) Tenant Mix Top 10 Tenants Total Top 10 tenants 58.1% Fashion & Parkson Corporation Sdn Bhd 46.7% Footwear 13.3% Golden Arches Restaurant Sdn Bhd 2.0% 17.6% Food & Beverage Pizza Hut Restaurant Sdn Bhd 1.6% 9.5% Department

  30. Slide 30: Hospitality Properties – Sunway Resort Hotel & Spa

    STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY RESORT HOTEL & SPA Historical occupancy rates Average occupancy rate (Q on Q comparison) 95.0% Avg occupancy rate (%) 90.0% 84.0% 82.0% 85.0% 82.0% 78.0% 80.0% 80.0% 76.0% 77.5% 78.0% 75.0% 76.0% 69.4% 74.0% 1 72.8% 70.0% 66.7% 70.8% 71

  31. Slide 31: Hospitality Properties – Pyramid Tower Hotel

    STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – PYRAMID TOWER HOTEL Historical occupancy rates Average occupancy rate (Q on Q comparison) 86.0% Avg occupancy rate (%) 83.1% 92.0% 84.0% 90.2% 82.1% 90.0% 81.3% 88.0% 82.0% 80.9% 86.0% 84.0% 83.0% 80.0% 78.8% 82.0% 1 79.5% 79.6% 78.0% 80.0% 78

  32. Slide 32: Hospitality Properties – Sunway Hotel Seberang Jaya

    STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY HOTEL SEBERANG JAYA Historical occupancy rates Average occupancy rate (Q on Q comparison) 100.0% Avg occupancy rate (%) 95.0% 80.0% 75.3% 75.7% 90.0% 70.0% 63.7% 65.8% 85.0% 81.2% 80.0% 78.8% 60.0% 80.0% 77.0% 1 49.5% 75.0% 1 50.0% 70.2

  33. Slide 33: Hospitality Properties – Sunway Putra Hotel

    STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY PUTRA HOTEL Historical occupancy rates Average occupancy rate (Q on Q comparison) 100.0% Avg occupancy rate (%) 90.0% 64.0% 62.5% 80.0% 62.0% 70.0% 60.0% 59.5% 59.0% 60.0% 58.0% 50.0% 56.0% 55.4% 55.0% 40.0% 54.0% 30.0% 1 52.0% Jun-12 5

  34. Slide 34: Office Properties – Menara Sunway

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY Historical occupancy rates Projected lease expiry schedule Average occupancy rate 102.0% 100.0% 99.8% 1 90.0% 99.7% 99.4% 100.0% 80.0% 98.5% 97.7% 70.0% 97.3% 98.0% 72.6% 60.0% 96.0% 50.0% 40.0% 94.0% 94.0% 30.0% 20.0% 92.0% 10.0% 20.

  35. Slide 35: Office Properties – Menara Sunway (Cont'd)

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –MENARA SUNWAY (Cont’d) Tenant mix Top 10 tenants Total top 10 tenants 78.8% 2.8% 25.3% Sunway Management Sdn Bhd 9.2% 15.3% Management services 3.0% Maxis Mobile Sdn Bhd 14.7% 3.0% Property Sunway Integrated Properties 12.9% Communication Sunway Con

  36. Slide 36: Office Properties – Sunway Tower

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY TOWER Historical occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 100.0% 95.6% 97.0% 93.5% 94.4% 90.0% 90.0% 1 80.0% 80.0% 81.8% 70.0% 70.0% 74.3% 70.1% 67.1% 60.0% 60.0% 50.0% 50.0% 40.0% 40.0% 30.0% 30.0% 20.0%

  37. Slide 37: Office Properties – Sunway Tower (Cont'd)

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –SUNWAY TOWER (Cont’d) Tenant mix Top 10 tenants Total Top 10 tenants 99.7% 2.2% 2.4% Ranhill Worley Parsons 81.3% 2.9% Consultancy (Oil & 4.6% Gas) Intecsea Sdn Bhd 5.0% 1.7% Consultancy (Finance) ACCA Malaysia Sdn Bhd 4.6% Royal Danish Embassy 2.9%

  38. Slide 38: Office Properties – Sunway Putra Tower

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Historical occupancy rates Projected lease expiry schedule 98.7% Average occupancy rate 100.0% 100.0% 90.4% 85.2% 1 90.0% 79.6% 80.0% 80.0% 70.0% 60.0% 60.0% 50.0% 52.7% 40.0% 40.0% 30.0% 20.0% 26.1% 20.0% 10.0% 0.5% 0.0% 0.0% FY

  39. Slide 39: Office Properties – Sunway Putra Tower (Cont'd)

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER (Cont’d) Tenant mix Top 10 tenants 2.1% 3.1% 0.8% Advisory 2.6% Top 10 tenants 98.4% 3.2% 1.5% Communication Suruhanjaya Koperasi Malaysia 55.6% 6.6% Kementerian Perdagangan Dlm Negeri 19.5% Education President Academy Sdn Bhd 6.

  40. Slide 40: Market Outlook

    STRICTLY PRIVATE & CONFIDENTIAL MARKET OUTLOOK 39

  41. Slide 41: General Outlook

    STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK In the recent 2013 Budget announcement, the Prime Minister announced that the economy is expected to expand at a growth rate of between 4.5% and 5.0% in 2012. Thereafter, the economy is expected to grow between 4.5%- 5.5% in 2013 supported by the stren

  42. Slide 42: General Outlook

    STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK The Manager expects the distribution per unit to be sustained for FY2013 despite the expected loss of income contribution from Sunway Putra Mall upon the closure of the mall for refurbishment in 3Q2013, cushioned by interest savings from the capital ma

  43. Slide 43: Retail

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL The retail space in Kuala Lumpur and Selangor stood at 25.4 million and 28.9 million sq. ft. respectively as at 1H2012 according to NAPIC. In May 2012, Setia City Mall in Shah Alam and The Paradigm in Kelana Jaya with NLA of 700,000 sq. ft. each opened for busi

  44. Slide 44: Retail

    STRICTLY PRIVATE & CONFIDENTIAL RETAIL Business performance of Sunway Pyramid Shopping Mall in 1Q2013 continued to be robust with average occupancy rate remained high at 99.2%. A total of 269,652 sq. ft., representing 72.9% of tenancies due for renewal at Sunway Pyramid Shopping Mall in this financi

  45. Slide 45: Hotel

    STRICTLY PRIVATE & CONFIDENTIAL HOTEL As reported in the 2013 Budget announcement, total revenue generated from the tourism sector is estimated to increase to RM62 billion in 2012. In conjunction with Visit Malaysia Year 2013 / 2014, the Government has allocated RM358 million under development expen

  46. Slide 46: Hotel

    STRICTLY PRIVATE & CONFIDENTIAL HOTEL In Seberang Jaya, Penang, the hotel experienced a slowdown in business and low occupancy rate due to the ongoing refurbishment and lower demand for meetings and seminar events on the back of uncertainty of the timing of General Election. 1Q2013 average occupancy

  47. Slide 47: Office

    STRICTLY PRIVATE & CONFIDENTIAL OFFICE The current stock in Greater Kuala Lumpur / Klang Valley stood at 64.6 million sq. ft. with additional 12.0 million coming on stream over the next 3 years. The oversupply situation coupled with softer economic climate will inevitably place downward pressure on

  48. Slide 48: Sunway Putra Place

    STRICTLY PRIVATE & CONFIDENTIAL SUNWAY PUTRA PLACE The business performance of Sunway Putra Place remained unchange for the current quarter. Sunway Putra Mall’s occupancy rate averaged at 73.8% in 1Q2013. The occupancy rate is expected to remain at this level and may decline in anticipation of the c

  49. Slide 49: Investor Relations

    STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL INVESTOR RELATIONS 48

  50. Slide 50: Unit Price Performance (IPO to 1Q FYE June 2013)

    STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (IPO to 1Q FYE June 2013) Sunway REIT vs FBM KLCI (8 July 2010 – 28 Sept 2012) Performance Statistics* 1.70 1,700 FBM KLCI Price (as at RM0.90 1.60 8/7/2010) 1,600 1.50 Closing Price (as at : RM1.45 28/9/2012) 1.40 1,500 Highest Price : RM1.63 F

  51. Slide 51: Unit Price Performance (Financial FYE June 2013)

    STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (Financial FYE June 2013) Sunway REIT vs FBM KLCI (30 June 2012 – 28 Sept 2012) Performance Statistics* Unit Price (RM) FBM KLCI Price (as at RM1.36 1.60 1,700 30/6/2012) 1.55 FBM KLCI 1,650 Closing Price (as at : RM1.45 28/9/2012) 1.50 1,600 Hi

  52. Slide 52: Unitholders' Composition – As at 28 Sept 2012

    STRICTLY PRIVATE & CONFIDENTIAL Unitholders’ Composition – As at 28 Sept 2012 Individual 8% Foreign 21% Sunway Berhad 37% Domestic 79% Institutions 55% Total number of unit holders as at 28 Sept 2012: 6,599 (6,407 as at 30 June 2012) 51

  53. Slide 53: Comparative Yields for Various Assets

    STRICTLY PRIVATE & CONFIDENTIAL Comparative Yields for Various Assets 7.0% 6.0% 2 6.0% 4 6.0% 5.6% 1 5.0% 4.0% 3.5% 2 3.2% 3 3.0% 3.0% 2.0% 1.0% 0.0% Sunway REIT M-REIT 10-Year MGS Fixed Deposit EPF Yield OPR Note: 1. Dividend yield based on DPU declared for the period 1/7/2012-30/9/2012 2. Informat

  54. Slide 54: Awards

    STRICTLY PRIVATE & CONFIDENTIAL Awards APREA has announced that Sunway REIT is the winner of the Emerging Markets category of the 2012 APREA Best Practices Awards. In addition, Sunway REIT was given the following merit awards: o Emerging Markets – Market Disclosure Category o Emerging Markets – Acco

  55. Slide 55: Awards

    STRICTLY PRIVATE & CONFIDENTIAL Awards APREA is an association that represents and promotes the real estate asset class in the Asia Pacific region. The objectives of APREA are to: o Encourage greater investment into Asia-Pacific real estate o Provide better information to investors o Improve the ope

  56. Slide 56: Thank You

    THANK YOU

Sunway Real Estate Investment Trust — Q1 FY2013 Earnings Presentation on 6ix