Ame Real Estate Investment Trust · MYX:AMEREIT

Ame Real Estate Investment Trust — Q3 FY2025 Earnings Presentation

25 slides from Ame Real Estate Investment Trust's earnings presentation, January 2025

  1. Slide 1: Investor Presentation Q3 FY2025

    Investor Presentation Q3 FY2025

  2. Slide 2: Portfolio Highlights as at 31 December 2024

    Portfolio Highlights as at 31 December 2024 RM743.3 mil RM686.0 mil 4.2 Years 1.873 mil sq ft 14.9% 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

  3. Slide 3: Q3 FY2025 Highlights

    Q3 FY2025 Highlights Total Revenue of RM12,734,000(1) Net Asset Value (“NAV”) of RM578,465,000 NAV per unit of RM1.0973(2) Net Property Income of RM11,712,000(1) 527,172,003 number of units in issue(2) Trading at a premium of 28.5% to NAV at Distributable Income of RM9,987,000(1) RM1.41 per unit(2)

  4. Slide 4: Portfolio Overview

    Portfolio Overview

  5. Slide 5: Location of Subject Properties

    Location of Subject Properties 3

  6. Slide 6: Portfolio of Quality Tenants

    Portfolio of Quality Tenants • Multinational corporations occupy 96.4% NLA of Industrial Properties • Top 10 tenants of Industrial Properties Malaysian subsidiary of a foreign multinational electronics manufacturing services company 4

  7. Slide 7: Portfolio Diversification

    Portfolio Diversification Portfolio by Market Value Portfolio by Occupied NLA 9.4% 19.7% SAC Industrial Properties SAC Industrial Properties 6.9% 43.7% Indahpura Industrial Properties Indahpura Industrial Properties 37.3% 53.3% SILC Industrial Properties SILC Industrial Properties 29.7% Dormitories

  8. Slide 8: Portfolio Diversification

    Portfolio Diversification Portfolio by Industrial-Related Properties Portfolio by Gross Monthly Rental Income (by Number of Beds) 28.5% Dorm 1 Indahpura 23.4% SAC Industrial Properties 35.8% Dorm 2 Indahpura 42.1% Indahpura Industrial Properties Dorm 3 SAC 6.5% SILC Industrial Properties Dormitories

  9. 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 12.5% 19.7% Electrical and Electronics, Manufacturing Facilities 26.3% Top 3 Plastic Products, Logistics Warehouse 10.9% 16.5% 63.8% Dormit

  10. Slide 10: Tenancy Expiry Profile

    Tenancy Expiry Profile Tenancy Expiry Profile Remaining Tenancy Expiry % of gross rental income expiring against total rental income of properties as of 01/04/2024 % of gross rental income expiring against total rental income of properties as of 31/12/2024 0 3 3 1 2 3 1 2 0 0 2 1 0 3 3 0 2 3 0 2 0 0

  11. Slide 11: Financial Overview

    Financial Overview

  12. Slide 12: Financial Highlights as at 31 December 2024

    Financial Highlights as at 31 December 2024 RM710.9 mil RM105.6 mil 14.9% 99.9% Total Assets Total Financings Gearing Ratio Income Distribution(1) RM578.5 mil RM1.0973 1.89 sen RM1.41 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit(1) Market Price per Unit (Before Income Dist

  13. Slide 13: Statement of Profit or Loss - 3Q25 vs 3Q24

    Statement of Profit or Loss - 3Q25 vs 3Q24 3Q25 3Q24 YoY Note 31.12.2024 31.12.2023 Change RM’000 RM’000 Notes: (1) Additional contribution from Rental income 12,734 12,363 3.0% (1) a property acquired in October 2023, in addition to tenancy Net property income 11,712 11,546 1.4% (1) renewals at hig

  14. Slide 14: Statement of Profit or Loss – 9M25 vs 9M24

    Statement of Profit or Loss – 9M25 vs 9M24 9M25 9M24 YoY Note 31.12.2024 31.12.2023 Change RM’000 RM’000 Notes: (1) Additional contribution from Rental income 37,841 35,521 6.5% (1) a property acquired in October 2023, in addition to tenancy Net property income 34,852 33,034 5.5% (1) renewals at hig

  15. Slide 15: Statement of Financial Position

    Statement of Financial Position As at 31.12.2024 As at 31.3.2024 RM’000 RM’000 Non-current assets / Investment properties 686,056 686,000 Current assets 24,801 24,174 Total assets 710,857 710,174 Total unitholders’ funds / Net asset value (NAV) 578,465 577,330 Non-current liabilities 22,775 22,879 C

  16. Slide 16: Financing Headroom

    Financing Headroom Financing Headroom (as at 31 December 2024) Financing Headroom (after Proposed Acquisitions) RM 605.3 mil RM 604.9 mil Financing headroom of up to RM381.0 mil for Financing headroom of up acquisitions 50.0% 50.0% to RM499.7 mil for acquisitions RM 223.9 mil RM 105.6 mil 27.0% 14.9

  17. Slide 17: Financing Profile

    Financing Profile C3Q25 FY2024 Total Financings (RM’000) 105,594 105,412 Total Assets (RM’000) 710,857 710,174 Financing Ratio 14.9% 14.8% Effective Profit Rate 4.85% 4.83% Percentage of Short Term Financings 100% 100% Percentage of Floating Rate Financings 100% 100% Total Unencumbered Assets 32 32

  18. Slide 18: Proposed Acquisitions of Properties from the Sponsor

    Proposed Acquisitions of Properties from the Sponsor

  19. Slide 19: Snapshot of the Proposed Acquisitions

    Snapshot of the Proposed Acquisitions • Total number of properties – 4 • Total agreed net lettable area – 391,872 sq ft • Total purchase consideration – RM119.45 mil • Total market valuation – RM122.00 mil • Total discount to market valuation – 2.1% • FY2025 – estimated completion for i-Park SAC 23

  20. Slide 20: Proposed i-Park SAC 23 & 24 Acquisition

    Proposed i-Park SAC 23 & 24 Acquisition Tenant AAC Technologies (Malaysia) Sdn Bhd Business Activity Electrical and Electronics Market Value RM 46.00 million Purchase Consideration RM 45.00 million Tenure Freehold Lease Term Fixed 10 years Renewal Term Fixed 5 years Agreed Lettable Area Approximatel

  21. Slide 21: Proposed i-TechValley 46 Acquisition

    Proposed i-TechValley 46 Acquisition Tenant Titanium Systems Sdn Bhd Business Activity Healthcare and Pharmaceutical Market Value RM 29.00 million Purchase Consideration RM 27.45 million Tenure Freehold Lease Term Fixed 10 years Renewal Term Fixed 3 years or such other longer period as the Parties m

  22. Slide 22: Proposed i-TechValley 34 Acquisition

    Proposed i-TechValley 34 Acquisition Tenant Ametalin Sdn Bhd Business Activity Industrial Products Market Value RM 27.00 million Purchase Consideration RM 27.00 million Tenure Freehold Lease Term Fixed 5 years and 1 month Renewal Term Fixed 3 years + Fixed 3 years Agreed Lettable Area Approximately

  23. Slide 23: Proposed i-Park SAC 60 & 61 Acquisition

    Proposed i-Park SAC 60 & 61 Acquisition Tenant Resmed Malaysia Operations Sdn Bhd Business Activity Medical Devices Market Value RM 20.00 million Purchase Consideration RM 20.00 million Tenure Freehold Lease Term Lease commencement date to 28 July 2032 Renewal Term Fixed 5 years Agreed Lettable Area

  24. Slide 24: Pro Forma Effects of the Proposed Acquisitions

    Pro Forma Effects of the Proposed Acquisitions Audited Pro Forma 31 March 2024 Post Proposed Acquisitions Rental Income Per Unit 9.18 sen 10.73 sen(1) NAV Per Unit RM1.10 RM1.10(2) Total Financings RM105.4 million RM223.9 million(2) Total Asset Value RM710.2 million RM828.8 million(2) Space under Ma

  25. Slide 25: Thank You

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