Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q2 FY2025 Earnings Presentation
24 slides from Ame Real Estate Investment Trust's earnings presentation, November 2024
Slide 1: Investor Presentation Q2 FY2025
Investor Presentation Q2 FY2025
Slide 2: Portfolio Highlights as at 30 September 2024
Portfolio Highlights as at 30 September 2024 RM768.5 mil RM686.0 mil 4.4 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 Prop
Slide 3: Q2 FY2025 Highlights
Q2 FY2025 Highlights Total Revenue of RM12,779,000(1) Net Asset Value (“NAV”) of RM578,048,000 NAV per unit of RM1.0982(2) Net Property Income of RM11,714,000(1) 526,368,116 number of units in issue(2) Trading at a premium of 32.9% to NAV at Distributable Income of RM9,878,000(1) RM1.46 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) 28.5% Plot 13 Indahpura 23.6% SAC Industrial Properties 35.8% Plot 17 Indahpura 42.1% Indahpura Industrial Properties SAC Dorm 6.5% 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 30/09/2024 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 September 2024
Financial Highlights as at 30 September 2024 RM709.7 mil RM105.5 mil 14.9% 99.80% Total Assets Total Financings Gearing Ratio Income Distribution(1) RM578.0 mil RM1.0982 1.87 sen(1) RM1.46 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit Market Price per Unit (Before Income Di
Slide 13: Statement of Profit or Loss - 2Q25 vs 2Q24
Statement of Profit or Loss - 2Q25 vs 2Q24 30.9.2024 30.9.2023 QoQ Note RM’000 RM’000 Change Notes: Rental income 12,779 11,765 8.6% (1) (1) Additional contribution from a property acquired in October Net property income 11,714 10,775 8.7% (1) 2023, in addition to tenancy renewals at higher rental r
Slide 14: Statement of Profit or Loss - C2Q25 vs C2Q24
Statement of Profit or Loss - C2Q25 vs C2Q24 30.9.2024 30.9.2023 YoY Note RM’000 RM’000 Change Notes: Rental income 25,107 23,158 8.4% (1) (1) Additional contribution from a property acquired in October Net property income 23,140 21,488 7.7% (1) 2023, in addition to tenancy renewals at higher rental
Slide 15: Statement of Financial Position
Statement of Financial Position 30.9.2024 31.3.2024 RM’000 RM’000 Non-current assets / Investment properties 686,040 686,000 Current assets 23,638 24,174 Total assets 709,678 710,174 Total unitholders’ funds / Net asset value (NAV) 578,048 577,330 Non-current liabilities 22,775 22,879 Current liabil
Slide 16: Financing Headroom
Financing Headroom Financing Headroom (as at 30 September 2024) Financing Headroom (after Proposed Acquisitions) RM 604.1 mil RM 604.9 mil Financing headroom of up to RM381.0 mil for Financing headroom of up acquisitions 50.0% 50.0% to RM498.6 mil for acquisitions RM 223.9 mil RM 105.5 mil 27.0% 14.
Slide 17: Proposed Acquisitions of Properties from the Sponsor
Proposed Acquisitions of Properties from the Sponsor
Slide 18: 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 mil • Total discount to market valuation – 2.1% • FY2025 – estimated completion for i-Park SAC 23 & 2
Slide 19: 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
Slide 20: 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
Slide 21: 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
Slide 22: 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
Slide 23: 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
Slide 24: Thank You
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