Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q1 2021 Earnings Presentation
20 slides from Hektar Real Estate Investment Trust's earnings presentation, May 24, 2021
Slide 1: Hektar REIT 1Q 2021 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 1Q 2021 RESULTS PRESENTATION 24 May 2021
Slide 2: Hektar REIT – Malaysia's First Retail-Focused REIT
Hektar REIT – Malaysia’s First Retail-Focused REIT 2 Organisation Diverse Portfolio STRATEGIC PARTNER UNITHOLDERS Frasers Centrepoint Strategic Partner MANAGER TRUSTEE Hektar Asset MTrustee Bhd Management Sdn Bhd PROPERTY MANAGER Hektar Property HEKTAR PORTFOLIO Services Sdn Bhd DISCLAIMER: The mate
Slide 3: MCO 2.0 Impact 1Q 2021
MCO 2.0 Impact 1Q 2021 3 Government Movement Control Order (MCO 2.0) Impact for 1Q2021 ▪ MCO 2.0: 13 January to 4 March 2021 • Mandatory movement control order designed to minimise spread of COVID-19 ▪ Revenue Impact • Gross Revenue at RM26.8 million, lower by 12.8% vs. same period in 2020 • Net Pro
Slide 4: Financial Summary
Hektar REIT Financial Summary 4 First Quarter 2021 (1Q 21) January – March 2021 / 3 Months Financial Performance vs. Previous Period 1Q 21 Gross Revenue: RM26.8 million, -12.8% 1Q 21 Net Property Income: RM14.1 million, -10.3% 1Q 21 Realised Income: RM6.5 million, -7.9% Financing: 97% of Debt expiri
Slide 5: Portfolio Performance
Portfolio Performance Overall Occupancy at ~87.7% ► Rental Reversions -0.2% for 1Q21 ► Expiry Profile: 47% NLA expires in 2021 ►
Slide 6: Portfolio Occupancy
Hektar REIT Portfolio Occupancy 6 Average portfolio occupancy stable at 87.7% Portfolio Occupancy 2011- 1Q 2021 Property '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '1Q21 Subang Parade 99.9% 99.8% 100.0% 99.3% 94.7% 93.0% 90.9% 88.2% 93.9% 83.7% 85.1% Mahkota Parade 94.5% 96.1% 97.8% 94.5% 95.5% 96.4% 9
Slide 7: Portfolio Occupancy
Hektar REIT Portfolio Occupancy 7 Subang Parade’s occupancy improved to 85% while Wetex Parade & Kulim Central’s occupancies remain strong at above 90%
Slide 8: Rental Reversions
Hektar REIT Rental Reversions 8 First Quarter Rental Reversions negative (-0.2%) 17.4% ▪ Key Renewed/New Tenants: The Store ▪ 31 new/renewed tenancies representing 16.1% of NLA ▪ Overall reversions marginally negative due to negative reversions at Subang Parade, Mahkota 11.2% ▪ Key Renewed/New Tenan
Slide 9: Expiry Profile: Tenancy Expiry by Property
Hektar REIT Expiry Profile 9 Tenancy Expiry by Property Period End Tenancies Expiring NLA Expiring NLA as % of Monthly Mar Expiring (sq ft) % of Total NLA Rental Income* 2021 61 268,366 51% 63% 2022 32 93,003 18% 28% 2023 8 71,935 14% 9% 2024 1 12,440 2% 0% Period End Tenancies Expiring NLA Expiring
Slide 10: Expiry Profile: Tenancy Expiry by Property
Hektar REIT Expiry Profile 10 Tenancy Expiry by Property Period End Tenancies Expiring NLA Expiring NLA as % of Monthly Mar Expiring (sq ft) % of Total NLA Rental Income* 2021 32 96,993 31% 36% 2022 8 39,740 13% 15% 2023 5 131,915 42% 45% 2024 1 3,619 1% 4% Period End Tenancies Expiring NLA Expiring
Slide 11: Expiry Profile: Tenancy Expiry for Portfolio 2021-2024
Hektar REIT Expiry Profile 11 Tenancy Expiry for Portfolio 2021-2024 ▪ Total amount of tenancies due for expiry in FY 2021 is 277 which represents 969,081 sq. ft. or 47% of total NLA. ▪ Total of 31 tenancies covering 328,008 sq. ft. were renewed in 1Q 2021, representing 16.1% of total NLA Portfolio
Slide 12: Financial Results
Financial Results 1Q 21 Revenue fell 12.8% from preceding period ► 1Q 21 Net Property Income lower by 10.3% ► 97% of Debt expires in 2024-2026 ►
Slide 13: Income Statement: Quarter Comparative
Hektar REIT Income Statement: Quarter Comparative 13 The Movement Control Order has impacted operations ▪ Revenue slightly down by 12.8% ▪ Net Property Income lower by 10.3% Income Statement 1Q21 1Q20 Variance First Quarter 2021 (unaudited) (RM '000) (RM '000) (%) Revenue 26,781 30,714 -12.8% Direct
Slide 14: Balance Sheet
Hektar REIT Balance Sheet 14 Balance Sheet As at 31.3.2021 As at 31.12.2020 Unit Price Statistics (Unaudited) (RM '000) (RM '000) Non-Current Assets As at 31 March 2021 Investment Properties 1,207,000 1,207,000 Plant & Equipment 85 91 No. of Units Capital Work in Progress 1,423 1,380 461,960,178 Fix
Slide 15: Debt Profile
Hektar REIT Debt Profile 15 Debt Summary March 2021 Facilities Amount % Total ▪ Facilities: Al-Murabahah, Term Financing (TF), # Facility (RM'000) Debt Expiry Short-Term Revolving Credit (STRC) 1 MOD 1 184,000 31.7% Feb-24 ▪ Financiers: Maybank, CIMB 2 MOD 2 150,000 25.8% Feb-24 ▪ Total Debt: RM581.
Slide 16: Portfolio Updates
Portfolio Updates
Slide 17: Portfolio Updates
Hektar REIT Portfolio Updates 17 Warung Nasi Mee opened on 19th February 2021 and Marina Nail Spa opened on 26th February 2021
Slide 18: Portfolio Updates
Hektar REIT Portfolio Updates 18 Llao Llao opened on 2nd January 2021 and Skechers opened on 1st March 2021
Slide 19: Portfolio Updates
Hektar REIT Portfolio Updates 19 EEK Mart opened on 6th March 2021
Slide 20: Creating The Places People Love – Investor Communications
Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd D1-U3-10, Solaris Dutamas No1, Jalan Dutamas 1 50480 Kuala Lumpur MALAYSIA Tel: +6 03 6205 5570 Fax: +6 03 6205 5571 Web: www.HektarREIT.com Email: ir@HektarREIT.com
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