Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q2 2025 Earnings Presentation
23 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 21, 2025
Slide 1: 2Q25 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 2Q25 Results Presentation 21 August 2025
Slide 2: Hektar REIT: Malaysia's First Retail-Focused REIT
Hektar REIT: Malaysia’s First Retail-Focused REIT 2 Diversifying while maintaining our retail-centered niche ORGANISATION GEOGRAPHICALLY WELL-DIVERSIFIED DISCLAIMER: The material that follows is a presentation of general background information about the activities of Hektar REIT (including Hektar RE
Slide 3: Table of Contents
Table of Contents 3 01 Financial & Portfolio Highlights 02 Portfolio Performance 03 Acquisition Update 04 Asset Enhancement Work Update
Slide 4: Financial Highlights
4 Financial Highlights
Slide 5: Financial & Operational Summary
Financial & Operational Summary 5 Financial Performance (2Q2025) vs Previous Year (2Q2024) Gross Revenue RM32.0 million (-12.5% Y-o-Y) Dividend Per Unit FY2025 Net Property Income RM15.9 million (-23.5% Y-o-Y) 1H25 1.05 sen Realised Net Income RM4.7 million (-44.7% Y-o-Y) 2H25 TBC Debt Maturity Prof
Slide 6: Performance Summary 2Q25
Performance Summary 2Q25 6 2Q25: Apr - June 2025 2Q25 YTD: Jan- June 2025 (3.1%) RM '000 RM '000 2Q24 2Q24 (12.5%) 70,000 64,963 2Q25 40,000 2Q25 62,919 36,557 60,000 35,000 31,987 (12.1%) 30,000 50,000 (23.5%) 25,000 40,000 20,713 35,095 20,000 30,863 15,855 30,000 (34.7%) (44.7%) 15,000 20,000 10,
Slide 7: Financial Highlights
Financial Highlights 7 EXPIRY PROFILE 2025-2033 DEBT SUMMARY As at 30 June 2025 RM549.1 million RM604.6 million Total Debt [FY2024: RM598.3 million] 5.01% Effective Cost [FY2024: 5.03%] 41.79% Gearing Ratio [FY2024: 41.72%] RM34.2 million RM21.3 million 1.59 times 2025 2026 2027 - 2033 Interest Cove
Slide 8: Income Statement 2Q25
Income Statement 2Q25 8 Income Statement Q2 2024 Q2 2025 Variance 2Q25 (RM '000) (RM '000) (%) Gross Revenue 36,557 31,987 (12.5%) Direct Cost & Property Expenses 15,844 16,131 1.8% Net property income (NPI) 20,713 15,855 (23.5%) Income from Fund Placement & Others 335 103 (69.3%) Administrative Exp
Slide 9: Balance Sheet 2Q25
Balance Sheet 2Q25 9 As at As at Unit Statistics As at 30 June 2025 31.12.2024 30.06.2025 RM RM (Audited) (Unaudited) NON-CURRENT ASSETS No. of Unit 709,286,684 Investment properties 1,391,644,339 1,394,830,944 Property, plant & equipment (“PPE”) 468,977 408,521 1,392,113,316 1,395,239,465 CURRENT A
Slide 10: Portfolio Performance
10 Portfolio Performance 2Q25 Occupancy at 85.6% ►
Slide 11: Portfolio Occupancy – 2Q25 Occupancy at 85.0%
PRIVATE & CONFIDENTIAL Portfolio Occupancy – 2Q25 Occupancy at 85.0% 11 86.7% 85.6% 84.0% 82.0% 83.5% Previous Occupancy 2Q25 Occupancy Occupancy FY22 FY23 FY24 1Q25 2Q25 Subang Parade 70.3% 74.3% 84.1% 84.1% 85.2%▲ Mahkota Parade 86.9% 93.8% 98.2% 97.1% 96.3%▼ Wetex Parade 88.1% 97.6% 96.5% 96.5% 9
Slide 12: Tenancies expiry well distributed
PRIVATE & CONFIDENTIAL Tenancies expiry well distributed 12 ▪ 643,163 sq. ft or about / 31.3% of total NLA expiring in 2025 which of 90,826 sq. ft / 4.5% of NLA has been renewed/added as of 30 June 2025. ▪ YTD June 2025, 164,316 sq. ft / 8.0% of NLA has been renewed / added. PORTFOLIO TENANCY EXPIRY
Slide 13: 2Q25 rental reversions at 4.3% against previous rent
PRIVATE & CONFIDENTIAL 13 2Q25 rental reversions at 4.3% against previous rent. ▪ 33 new/renewed tenancies consisting of 4.5 % of total NLA for the quarter ended 30 June 2025. ▪ The decline in rental reversion at both Subang Parade and Kulim Central was mainly due the placement of new tenants at lon
Slide 14: Refreshed retail offerings at Hektar Malls
PRIVATE & CONFIDENTIAL Refreshed retail offerings at Hektar Malls Skechers, Kulim Central Thai Odyssey, Mahkota Parade Gamer’s Hideout, Mahkota Parade Chan Rak BBQ , Subang Parade The Farm, Subang Parade BS Gold & Jewellery, Segamat Central Coolblog, Segamat Central Guardian, Wetex Parade
Slide 15: Marketing initiatives
PRIVATE & CONFIDENTIAL Marketing initiatives 15 Robotic Challenge 2025, Central Square Muay Thai Competition, Subang Parade K Rise Korean Festival, Mahkota Parade Karaoke Raya, Segamat Central Chess Competition, Kulim Central 3 on 3 Basketball Competition, Wetex Parade
Slide 16: 2025 Acquisition Update
PRIVATE & CONFIDENTIAL 2025 Acquisition Update
Slide 17: Summary of Proposed Investments
PRIVATE & CONFIDENTIAL Summary of Proposed Investments Factory in Bayan Lepas, Penang Terramark Sdn Bhd KYSM Adjacent Land (Sale & Leaseback arrangement with (Asset backed company with Sales (KYS College Sdn Bhd) & Microlead Precsion technology Sdn Bhd) Land in Chuping, Perlis) lease (KYSA Education
Slide 18: New Acquisition – 90% equity interest in Terramark Sdn Bhd
PRIVATE & CONFIDENTIAL 2. New Acquisition – 90% equity interest in Terramark Sdn Bhd Property Information Strategic Rationale Data • The acquisition of a 90% equity stake in Terramark Sdn Bhd presents a strategic investment opportunity for Hektar REIT due to the Land Area 197.76 Acres / ~8,614,358 s
Slide 19: New Acquisition – KYSM Adjacent Land
PRIVATE & CONFIDENTIAL 3. New Acquisition – KYSM Adjacent Land Background Property Information • The acquisition of Kolej Yayasan Saad Melaka was completed in July 2024 at Data the purchase price of RM148.5 million. Land Area 41.8 acres • The school sits on a 121-acre land held under one master titl
Slide 20: Asset Enhancement Initiative Update
PRIVATE & CONFIDENTIAL Asset Enhancement Initiative Update
Slide 21: Subang Parade - Phase 1 progress on track, completion by 1H26
PRIVATE & CONFIDENTIAL Subang Parade - Phase 1 progress on track and to be completed by 1H26 Phase 1 (Interior Upgrade) Work In Progress
Slide 22: Subang Parade - Phase 2 to be completed by 4Q26
PRIVATE & CONFIDENTIAL Subang Parade - Phase 2 to be completed by 4Q26 Phase 2 (Exterior Upgrade)
Slide 23: Investor Communications
23 Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd Tel: +6 03 6205 5570 Web: www.HektarREIT.com Email: ir@HektarREIT.com
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