Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q4 FY2024 Earnings Presentation
15 slides from Ame Real Estate Investment Trust's earnings presentation, April 2024
Slide 1: Investor Presentation Q4 FY2024
Investor Presentation Q4 FY2024
Slide 2: Portfolio Highlights as at 31 March 2024
Portfolio Highlights as at 31 March 2024 RM713.7 mil RM686.0 mil 4.8 Years 1.871 mil sq ft 14.8% 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 Properti
Slide 3: Q4 FY2024 Highlights
Q4 FY2024 Highlights Total Revenue of RM12,483,000(1) Net Asset Value (“NAV”) of RM577,330,000 NAV per unit of RM1.1001(2) Net Property Income of RM11,404,000(1) 524,782,121 number of units in issue(2) Trading at a premium of 23.6% to NAV at Distributable Income of RM9,767,000(1) RM1.36 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% 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
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 41.7% Indahpura Industrial Properties SAC Dorm 6.6% 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 Plastic Products, 12.6% Top 1 19.7% Electrical and Electronics, 26.3% Manufacturing Facilities Top 3 Logistics Warehouse Packaging Products, 12.5% 16.5% 63.8% Dormit
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 31/03/2024 3 0 5 1 3 1 1 0 1 0 0
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights as at 31 March 2024
Financial Highlights as at 31 March 2024 RM710.2 mil RM105.4 mil 14.8% 99.97% Total Assets Total Financings Gearing Ratio Income Distribution(1) RM577.3 mil RM1.1001 1.87 sen(2)/ 7.35 sen(1) RM1.36 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit Market Price per Unit (Before
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000, unless otherwise stated Q4 FY2024 Units in RM’000, unless otherwise stated As at 31 March 2024 Rental income 12,483 Investment properties 686,000 Property operating expenses (1,079) Total non-curr
Slide 14: Financing Headroom
Financing Headroom RM 604.8 mil Financing headroom of up to 50.0% RM499.4 mil for acquisitions RM 105.4 mil 14.8% As at 31 March 2024 Maximum Financing 11
Slide 15: Thank You
THANK YOU
Ame Real Estate Investment Trust — Q4 FY2024 Earnings Presentation on 6ix