Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q1 FY2024 Earnings Presentation
19 slides from Ame Real Estate Investment Trust's earnings presentation, August 2023
Slide 1: Investor Presentation Q1 FY2024
Investor Presentation Q1 FY2024
Slide 2: Portfolio Highlights as at 30 June 2023
Portfolio Highlights as at 30 June 2023 RM626.5 mil RM640.0 mil 4.1 Years 1.772 mil sq ft 11.4% Market Capitalisation Portfolio Market Value Weighted Average Lease Expiry Space under Management(1) Gearing Ratio (by Net Lettable Area)(1) 36 33 100% 3 100% No. of Properties No. of Industrial Propertie
Slide 3: Q1 FY2024 Highlights
Q1 FY2024 Highlights Total Revenue of RM11,393,000(1) Net Asset Value (“NAV”) of RM560,136,000 NAV per unit of RM1.0729(2) Net Property Income of RM10,713,000(1) 522,072,746 number of units in issue(2) Trading at a premium of 11.8% to NAV at Distributable Income of RM9,431,000(1) RM1.20 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 97.9% 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 5
Slide 8: Portfolio Diversification
Portfolio Diversification 6
Slide 9: Portfolio Diversification
Portfolio Diversification 7
Slide 10: Tenancy Expiry Profile
Tenancy Expiry Profile % of gross rental income expiring against total rental income of properties as of 30/06/2023 3 0 5 1 3 1 1 0 12.0 9.6 10.0 7.9 8.0 6.0 5.0 3.7 4.0 2.9 2.1 2.0 0.0 0.0 0.0 SAC Industrial Properties Indahpura Industrial Properties SILC Industrial Properties Dormitories FY2024 FY
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights as at 30 June 2023
Financial Highlights as at 30 June 2023 RM656.9 mil RM74.9 mil 11.4% 99.8% Total Assets Total Financings Gearing Ratio Income Distribution(1) RM560.1 mil RM1.0729 1.80 sen RM1.20 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit(1) Market Price per Unit (Before Income Distribut
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000, unless otherwise stated Q1 FY2024 Units in RM’000, unless otherwise stated As at 30 June 2023 Rental income 11,393 Investment properties 640,000 Property operating expenses (680) Total non-current
Slide 14: Financing Headroom
Financing Headroom RM 582.0 mil Financing headroom of up to 50.0% RM507.1 mil for acquisitions RM 74.9 mil 11.4% As at 30 June 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 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 12
Slide 17: 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 13
Slide 18: Plot 16 Indahpura (In-progress)
Plot 16 Indahpura (In-progress) 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 Targeted Completion in Q4 FY2024 14
Slide 19: THANK YOU
THANK YOU
Ame Real Estate Investment Trust — Q1 FY2024 Earnings Presentation on 6ix