Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q3 FY2024 Earnings Presentation
19 slides from Ame Real Estate Investment Trust's earnings presentation, February 2024
Slide 1: Investor Presentation Q3 FY2024
Investor Presentation Q3 FY2024
Slide 2: Portfolio Highlights as at 31 December 2023
Portfolio Highlights as at 31 December 2023 RM681.1 mil RM669.3 mil 4.4 Years 1.871 mil sq ft 15.2% Market Capitalisation Portfolio Market Value Weighted Average Lease Expiry Space under Management(1) Gearing Ratio (by Net Lettable Area)(1) 37 34 100% 3 100% No. of Properties No. of Industrial Prope
Slide 3: Q3 FY2024 Highlights
Q3 FY2024 Highlights Total Revenue of RM12,363,000(1) Net Asset Value (“NAV”) of RM562,287,000 NAV per unit of RM1.0732(2) Net Property Income of RM11,546,000(1) 523,950,446 number of units in issue(2) Trading at a premium of 21.1% to NAV at Distributable Income of RM9,903,000(1) RM1.30 per unit(2)
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 98.0% NLA of Industrial Properties • Top 10 tenants of Industrial Properties Malaysian subsidiary of a foreign multinational electronics manufacturing services company 4
Slide 7: Portfolio Diversification
Portfolio Diversification Portfolio by Market Value Portfolio by Occupied NLA 9.4% 20.2% SAC Industrial Properties SAC Industrial Properties 7.0% 43.5% Indahpura Industrial Properties Indahpura Industrial Properties 37.3% 53.3% SILC Industrial Properties SILC Industrial Properties Dormitories 29.3%
Slide 8: Portfolio Diversification
Portfolio Diversification Portfolio by Industrial-Related Properties Portfolio by Gross Monthly Rental Income (by Number of Beds) 28.5% Plot 13 Indahpura 23.8% SAC Industrial Properties 35.8% Plot 17 Indahpura 41.8% Indahpura Industrial Properties SAC Dorm 6.7% SILC Industrial Properties Dormitories
Slide 9: Portfolio Diversification
Portfolio Diversification Portfolio by Asset Category by Asset Value Diversification by Trade Sectors by NLA (excl. Dormitories) Top 2 Packaging Products Top 1 16.1% Electrical and Electronics 20.2% Manufacturing Facilities 26.3% Top 3 Plastic Products Logistics Warehouse 12.6% 19.7% 60.1% Dormitori
Slide 10: Tenancy Expiry Profile
Tenancy Expiry Profile Tenancy Expiry Profile for FY2024 Remaining Tenancy Expiry for FY2024 % of gross rental income expiring against total rental income of properties as of 01/04/2023 % of gross rental income expiring against total rental income of properties as of 31/12/2023 3 0 5 1 3 1 1 0 1 0 2
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights as at 31 December 2023
Financial Highlights as at 31 December 2023 RM692.1 mil RM105.4 mil 15.2% 99.6% Total Assets Total Financings Gearing Ratio Income Distribution(1) RM562.3 mil RM1.0732 1.88 sen RM1.30 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit(1) Market Price per Unit (Before Income Dist
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000, unless otherwise stated Q3 FY2024 Units in RM’000, unless otherwise stated As at 31 December 2023 Rental income 12,363 Investment properties 669,280 Property operating expenses (817) Total non-cur
Slide 14: Financing Headroom
Financing Headroom RM 586.8 mil Financing headroom of up to 50.0% RM481.4 mil for acquisitions RM 105.4 mil 15.2% As at 31 December 2023 Maximum Financing 11
Slide 15: Post-Listing Acquisitions of Properties from the Sponsor
Post-Listing Acquisitions of Properties from the Sponsor
Slide 16: Plot 16 Indahpura
Plot 16 Indahpura 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 Status Completed on 16 October 2023(1) Note: (1) The completion of Plot 16 Indahpura’s ac
Slide 17: 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 Status Completed on 24 March 2023 13
Slide 18: 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 Status Completed on 24 March 2023 14
Slide 19: Thank You
THANK YOU
AME Real Estate Investment Trust — Q3 FY2024 Earnings Presentation on 6ix