Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — AmeREIT — Q1 FY2025 Earnings Presentation
17 slides from Ame Real Estate Investment Trust's earnings presentation, July 2024
Slide 1: Investor Presentation Q1 FY2025
Investor Presentation Q1 FY2025
Slide 2: Portfolio Highlights as at 30 June 2024
Portfolio Highlights as at 30 June 2024 RM693.7 mil RM686.0 mil 4.7 Years 1.873 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 Propertie
Slide 3: Q1 FY2025 Highlights
Q1 FY2025 Highlights Total Revenue of RM12,328,000(1) Net Asset Value (“NAV”) of RM577,489,000 NAV per unit of RM1.0988(2) Net Property Income of RM11,426,000(1) 525,565,043 number of units in issue(2) Trading at a premium of 20.1% to NAV at Distributable Income of RM9,687,000(1) RM1.32 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 96.4% 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) Dorm 1 Indahpura 23.7% SAC Industrial Properties 28.5% 35.8% Dorm 2 Indahpura 41.9% Indahpura Industrial Properties Dorm 3 SAC 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 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
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 30/06/2024 0 3 3 1 2 3 1 2 0 0 2 1 0 3 3 0 2 3 0 2 0 0
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights as at 30 June 2024
Financial Highlights as at 30 June 2024 RM710.3 mil RM105.5 mil 14.8% 99.98% Total Assets Total Financings Gearing Ratio Income Distribution(1) RM577.5 mil RM1.0988 1.84 sen RM1.32 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit (1) Market Price per Unit (Before Income Distri
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000, unless otherwise stated Q1 FY2025 Units in RM’000, unless otherwise stated As at 30 June 2024 Rental income 12,328 Investment properties 686,040 Property operating expenses (902) Total non-current
Slide 14: Financing Headroom
Financing Headroom Financing Headroom (as at 30 June 2024) Financing Headroom (after Proposed Acquisitions) RM 604.8 mil RM 604.9 mil Financing headroom of up to RM381.0 mil for Financing headroom of up acquisitions 50.0% 50.0% to RM499.4 mil for acquisitions RM 223.9 mil RM 105.4 mil 27.0% 14.8% As
Slide 15: Proposed Acquisitions of Properties from the Sponsor
Proposed Acquisitions of Properties from the Sponsor
Slide 16: Proposed Acquisitions of RM119.45 million from the Sponsor
Proposed Acquisitions of RM119.45 million from the Sponsor Description i-TechValley 34 i-TechValley 46 i-Park SAC 23 & 24 i-Park SAC 60 & 61 Purchase Consideration RM27.00 million RM27.45 million RM45.00 million RM20.00 million Market Value RM27.00 million RM29.00 million RM46.00 million RM20.00 mil
Slide 17: Thank You
THANK YOU