Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — Q3 FYE 2012 Earnings Presentation
57 slides from Sunway Real Estate Investment Trust's earnings presentation, April 2012
Slide 1: Sunway REIT Financial Results 3rd Quarter ended 31 March 2012
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY REIT FINANCIAL RESULTS 3rd Quarter ended 31 March 2012 (FYE 30 June 2012) 0
Slide 2: Disclaimer
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISCLAIMER This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic con
Slide 3: Contents
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL CONTENTS • Highlights & Key Updates • 3Q 2012 Financial Results • 3Q 2012 Portfolio Performance • 3Q 2012 Property Performance • Market Outlook • Investor Relations 2
Slide 4: Highlights & Key Updates
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL HIGHLIGHTS & KEY UPDATES Note : The financial results should be read in conjunction with the 3Q 2012 announcement to Bursa Malaysia Securities Berhad 3
Slide 5: Distribution Details
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISTRIBUTION DETAILS Dividend Distribution Details Distribution period 1 Jan 2012 - 31 March 2012 1 Distribution Per Unit (DPU) (sen) 1.87 Notice of Entitlement 25 Apr 2012 Ex-Dividend Date 9 May 2012 Book Closure Date 11 May 2012 Payme
Slide 6: Financial Highlights
STRICTLY PRIVATE STRICTLY PRIVATE && CONFIDENTIAL CONFIDENTIAL FINANCIAL HIGHLIGHTS Highlights 3Q 2012 3Q 2011 Change % No. of Properties 1 11 8 37.5% Property Value (RM'billion) 4.390 3.730 17.6% No. of Units in circulation 2,694,194,700 2,684,679,000 0.4% Unit Price as at 31 Mar (RM) 1.25 1.06 17.
Slide 7: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM’ million RM’ million Gross Revenue Net Property Income 350.0 250.0 303.9 223.3 300.0 1 200.0 179.0 1 250.0 19.2 % 240.1 21.8 % 200.0 150.0 150.0 100.0 110.7 78.7 74.3 95.1 98.1 70.3 62.8 61.0 100.0 85.3 82.3 55.2 72.5 50.0 50.0 - - Q1 Q2 Q3 YTD
Slide 8: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM’ million RM’ Sen Income Before Taxation (Realised) DPU 160.0 142.5 140.0 1 5.61 126.3 6.00 10.0% 1 120.0 10.0% 4.96 5.00 100.0 4.00 80.0 3.00 60.0 50.7 1.99 1.75 44.3 44.7 47.5 43.2 1.75 1.51 1.87 1.70 40.0 38.4 2.00 20.0 1.00 - - Q1 Q2 Q3 YTD
Slide 9: Key Updates
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES 7-year Commercial Paper Programme of up to RM 1.6 billion in nominal value (“CP Programme”) rated P1 (S) by RAM SC’s approval received on 14 March 2012 Information Memorandum issued on 26 March 2012 Pursuant to the estab
Slide 10: 3Q 2012 Financial Results
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 3Q 2012 FINANCIAL RESULTS Note : The financial results should be read in conjunction with the 3Q 2012 announcement to Bursa Malaysia Securities Berhad 9
Slide 11: Consolidated Statement of Comprehensive Income – 3Q 2012
STRICTLY PRIVATE & CONFIDENTIAL Consolidated Statement of Comprehensive Income – 3Q 2012 3Q 2012 3Q 2011 YTD 2012 YTD 2011 1 Actual Actual Change Actual Actual Change RM'000 RM'000 % RM'000 RM'000 % Gross Revenue 98,092 82,346 19.1% 303,868 240,124 26.5% Less : Property operating expenses (23,734) (
Slide 12: Consolidated Statement of Financial Position
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31.03.2012 30.6.2011 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 351 122 Investment properties 4,389,882 4,379,000 Derivative financial instrument 28 - 4,390,261 4,379,122 Cur
Slide 13: Debt Profile – 31 March 2012
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL DEBT PROFILE – 31 March 2012 Term Loan (RM'million) 1,631.8 Term Loan Maturity Profile (RM'mil) 1,000 900 800 Average Cost of Debt 4.42% 700 600 Debt service cover ratio (DSCR) 5.0 500 925 400 Gearing Ratio 36.1% 300 200 240 307 100 160
Slide 14: 3Q 2012 Portfolio Performance
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 3Q 2012 PORTFOLIO PERFORMANCE Note : The financial results should be read in conjunction with the 3Q 2012 announcement to Bursa Malaysia Securities Berhad 13
Slide 15: 3Q 2012 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL 3Q 2012 REVENUE CONTRIBUTION 3Q 2012 (RM'mil) 98.1 3Q 2011 (RM'mil) 82.3 Retail Hotel Office 70.0 58.9 60.0 54.8 50.0 40.0 30.0 20.0 10.0 7.4 6.5 6.0 6.5 6.2 4.8 4.3 4.0 4.1 4.3 4.3 1.1 1.0 0.7 1.1 2.0 2.4 - - - - Sunway Sunway SCI Sunway S
Slide 16: 3Q 2012 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 3Q 2012 REVENUE CONTRIBUTION By sector By property Office 11% Sunway Hotel Putra Sunway 14% Menara Tower Sunway Hotel Putra 2% Sunway 4% 4% Tower SHSJ 2% Retail 1% 75% Pyramid Tower 5% Sunway SRH & Spa By location Putra 7% Sunway Mall P
Slide 17: YTD 3Q 2012 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL YTD 3Q 2012 REVENUE CONTRIBUTION YTD (RM'mil) 303.9 LYTD1 (RM'mil) 240.1 Retail Hotel Office 170.8 180.0 154.3 160.0 140.0 120.0 100.0 80.0 60.0 40.0 24.9 25.9 20.9 18.2 22.4 17.3 20.0 14.5 12.1 11.5 12.7 12.6 7.4 3.4 3.0 3.4 3.6 5.1 - - -
Slide 18: YTD 3Q 2012 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL YTD 3Q 2012 REVENUE CONTRIBUTION By sector By property Office Menara Sunway Sunway 11% Sunway Putra Putra Hotel 4% Tower Hotel 2% 17% 2% Sunway Tower SHSJ 4% Retail 1% Pyramid 72% Tower 6% SRH & Spa 9% Sunway Sunway By location Putra Py
Slide 19: 3Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 3Q 2012 NPI CONTRIBUTION NPI Margin 3Q 2012 (RM'mil) 74.3 75.7% 3Q 2011 (RM'mil) 61.0 74.1% Retail Hotel Office 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - Sunway Sunway SCI Sunway SRH & Pyramid Sunway Menara ** Sunway Sunway Hyper- Putra SHSJ* Putra Putra Pyramid C
Slide 20: 3Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 3Q 2012 NPI CONTRIBUTION By sector By property Office Sunway 11% Putra Tower Sunway 2% Putra Hotel Menara Sunway Hotel 2% 4% 18% SHSJ 1% Sunway Tower 4% Retail 71% Pyramid Tower 6% SRH & Spa 9% By location Sunway Pyramid Kuala Sunway 59% Penang Lumpur Putra Mall 7% 14
Slide 21: YTD 3Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 3Q 2012 NPI CONTRIBUTION NPI Margin YTD 2012 (RM'mil) 223.3 73.5% YTD 2011 1 (RM'mil) 179.0 74.6% Retail Hotel Office 140.0 120.0 100.0 80.0 60.0 40.0 20.0 - Sunway Sunway SCI Sunway SRH & Pyramid * Sunway Menara ** Sunway Sunway Hyper- Putra SHSJ Putra Putra Pyra
Slide 22: YTD 3Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 3Q 2012 NPI CONTRIBUTION By sector By property Sunway Menara Sunway Putra Tower Office Sunway 4% 2% 10% Putra Hotel 2% Hotel Sunway Tower SHSJ 4% 23% 2% Pyramid Retail Tower 67% 8% Sunway Pyramid SRH & Spa 11% 55% By location Sunway Kuala Penang Lumpur Putra Mall
Slide 23: Resilient Income Stream
STRICTLY PRIVATE & CONFIDENTIAL RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE as at 31 March 2012 –2.71 years Top 10 tenants comprise approximately 19.2% Projected tenancy expiry of portfolio (1) Top ten tenants contribution as 19.2% of total revenue 50.0%
Slide 24: YTD 3Q 2012 Rental Reversion
STRICTLY PRIVATE & CONFIDENTIAL YTD 3Q 2012 RENTAL REVERSION No. of NLA NLA due for % NLA Total increase Properties renewed renewed renewal in FYE renewed in 3 years tenancies sq.ft. 2012 Sunway Pyramid 182 294,968 316,256 93.3% 17.2% Sunway Carnival 32 57,880 65,373 88.5% 4.0% Menara Sunway 9 30,35
Slide 25: 3Q 2012 Property Performance
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 3Q 2012 PROPERTY PERFORMANCE 24
Slide 26: Retail Properties – Sunway Pyramid Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL Occupancy rates Projected lease expiry schedule Average occupancy rate 34.31 70% 35 100.0% 99.3% 98.5% 98.5% 98.7% 60% 30 97.9% 95.0% 50% 25 92.3% 90.0% 40% 20 30% 15.31 85.0% 15 20% 11.39 9.41 9.10 80.0% 10% 10 1.2% 18
Slide 27: Retail Properties – Sunway Pyramid Shopping Mall (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL (Cont’d) Tenant Mix Top 10 tenants Fashion & Total Top 10 Tenants 13.6% Footwear Aeon Co (M) Bhd 2.5% Food & Beverage Sunway Resort Hotel Sdn Bhd (Convention Centre) 2.3% Parkson Corporation Sdn Bhd 1.7% Department Stor
Slide 28: Retail Properties – Sunway Carnival Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL Occupancy rates Projected lease expiry schedule Average occupancy rate 50% 8.99 100.0% 9 45% 8 93.6% 40% 7 95.0% 91.8% 91.9% 1 35% 90.6% 90.1% 4.75 6 30% 4.32 90.0% 5 86.8% 25% 20% 3.06 4 85.0% 3 15% 10% 2 80.0% 5% 2.7
Slide 29: Retail Properties – Sunway Carnival Shopping Mall (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL (Cont’d) Tenant Mix Top 10 tenants Total Top 10 tenants 30.0% Parkson Corporation Sdn Bhd 12.1% Fashion & Footwear GCH Retail (Malaysia) Sdn Bhd 3.8% Food & Beverage Sunway Hotel Seberang Jaya Sdn Bhd 3.2% 20.8% (Conve
Slide 30: Retail Properties – Suncity Ipoh Hypermarket
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNCITY IPOH HYPERMARKET Occupancy rates Average occupancy rate 100.0% 100% 100% 100% 100% 100% 100% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Jun-08 Jun-09 Jun-10 Jun-11 Ytd 3Q Ytd 3Q 2011 2012 Suncity Ipoh Hypermarket is tenanted
Slide 31: Retail Properties – Sunway Putra Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 10.00 100.0% 90.0% 8.13 80.0% 80.0% 8.00 77.6% 6.19 70.0% 60.0% 60.0% 6.00 50.0% 3.36 40.0% 3.11 4.00 40.0% 30.0% 20.0% 2.00 20.0% 17.6% 10.0% 3.5% 49.7
Slide 32: Retail Properties – Sunway Putra Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Tenant Mix Top 10 tenants Total Top 10 tenants 55.2% Fashion & Footwear Parkson Corporation Sdn Bhd 44.0% 12.7% 19.2% Golden Arches Restaurant Sdn Bhd 1.8% Food & Beverage Pizza Hut Restaurant Sdn Bhd 1.6% 9.2% Department Store Wa
Slide 33: Hospitality Properties – Sunway Resort Hotel & Spa
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY RESORT HOTEL & SPA Occupancy rates Occupancy rates (Q on Q comparison) Avg occupancy rate (%) Avg occupancy rate (%) 90.0% 90.0% 78.0% 80.0% 80.0% 69.4% 82.0% 70.0% 66.7% 70.0% 77.5% 77.0% 61.0% 71.6% 70.8% 71.5% 68.4% 60.0% 60.0% 62.7%
Slide 34: Hospitality Properties – Pyramid Tower Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – PYRAMID TOWER HOTEL Occupancy rates Occupancy rates (Q on Q comparison) Avg occupancy rate (%) Avg occupancy rate (%) 90.0% 100.0% 82.1% 81.3% 80.9% 90.2% 78.8% 90.0% 86.3% 80.0% 83.0% 84.3% 79.9% 79.5% 80.4% 80.0% 74.9% 70.0% 70.0% 60.0% 60.0
Slide 35: Hospitality Properties – Sunway Hotel Seberang Jaya
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY HOTEL SEBERANG JAYA Occupancy rates Occupancy rates (Q on Q comparison) Avg occupancy rate (%) Avg occupancy rate (%) 90.0% 90.0% 81.2% 78.8% 80.0% 83.8% 77.0% 79.1% 79.1% 80.0% 80.0% 74.2% 75.3% 75.7% 71.6% 70.0% 70.0% 63.7% 1 60.0% 60
Slide 36: Hospitality Properties – Sunway Putra Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY PUTRA HOTEL Occupancy rates Customer contribution (Room revenue) 60.0% 59.5% 59.0% 58.0% 57.3% 57.0% 24.2% 56.0% 55.0% 55.0% 54.0% 75.8% 53.0% 52.0% 1 2Q 2012 3Q 2012 Ytd 3Q 2012 Corporate Leisure 1. For the period representing full pos
Slide 37: Office Properties – Menara Sunway
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY Occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 4.50 102.0% 90.0% 4.00 99.7% 100.0% 3.81 1 100.0% 80.0% 3.50 98.7% 70.0% 3.10 3.00 97.7% 97.3% 98.0% 60.0% 2.61 2.50 50.0% 96.0% 2.00 40.0% 94.0% 1.50 94.0%
Slide 38: Office Properties – Menara Sunway (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY (Cont’d) Tenant mix Top 10 tenants Total top 10 tenants 79.1% 3.1% 9.6% Sunway Management Sdn Bhd 15.7% Management services 3.1% Maxis Mobile Sdn Bhd 13.6% Property 3.1% 25.5% Sunway Integrated Properties 13.3% Communication Sunway Co
Slide 39: Office Properties – Sunway Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY TOWER Occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 4.90 100.0% 97.0% 97.0% 1 90.0% 4.82 95.6% 94.0% 90.0% 4.80 80.0% 80.0% 70.0% 4.70 70.0% 70.1% 60.0% 67.1% 60.0% 4.60 4.58 50.0% 50.0% 40.0% 4.50 40.0% 4.44
Slide 40: Office Properties – Sunway Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –SUNWAY TOWER (Cont’d) Tenant mix Top 10 tenants 2.0% 1.5% Total Top 10 tenants 99.6% 1.8% 2.7% Ranhill Worley Parsons 69.8% 4.0% Alcatel-Lucent Malaysia Sdn Bhd 14.3% Consultancy (oil & gas) WorleyParsons Services Sdn Bhd 4.3% Communication ACCA Mal
Slide 41: Office Properties – Sunway Putra Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Occupancy rates Projected lease expiry schedule Average occupancy rate 100.0% 100.0% 2.50 90.0% 2.05 1.92 1.85 98.7% 80.0% 2.00 95.0% 70.0% 1.55 60.0% 1.50 50.0% 90.0% 40.0% 1.00 30.0% 1 86.9% 85.0% 20.0% 0.50 10.0% 4.5% 56.8% 17
Slide 42: Office Properties – Sunway Putra Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Tenant mix Top 10 tenants 1.7% 2.1% Advisory 99.1% Top 10 tenants 1.4% 2.6% 3.1% 3.2% 55.5% Communication Suruhanjaya Koperasi Malaysia Kementerian Perdagangan Dalam Negeri 19.5% Kementerian Perdagangan Dlm Negeri 6.6% KoperasiDa
Slide 43: Market Outlook
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL MARKET OUTLOOK Note : The financial results should be read in conjunction with the 3Q 2012 announcement to Bursa Malaysia Securities Berhad 42
Slide 44: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK Global economic outlook remains mixed with growth disparity between U.S. and Asia coupled with volatile European sovereign debt crisis. Growth in advanced economy is challenged by high unemployment and fiscal issues while Asian economy experiences weak
Slide 45: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK With the outlook above mentioned, the Manager is confident of the prospects of Sunway REIT’s asset portfolio performance, of which 7 out of 11 assets are strategically located in vibrant townships master planned and developed by the Sponsor with inhere
Slide 46: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL Malaysia retail sales is projected to grow at 6.0% to RM86.9 billion in 2012 supported by low unemployment rate, rising disposable income and strong tourism industry. Malaysia aspires to become one of Asia’s top retail destinations, matching Hong Kong and Singa
Slide 47: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL The Malaysian Tourism Industry forecasts international tourist arrivals in Malaysia to grow at a CAGR of approximately 8% for the period 2011 – 2013 and tourism receipts from overseas tourists are expected to surpass RM70 billion. Apart from the ASEAN countries,
Slide 48: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL Sunway Hotel Seberang Jaya experienced a drop in average occupancy rate due to ongoing refurbishment activities. As a result, average occupancy rate slipped to 63.7% in 3Q FYE June 2012 versus 75.7% in 2Q FYE June 2012. The drop in occupancy is temporary and we
Slide 49: Office
STRICTLY PRIVATE & CONFIDENTIAL OFFICE The Klang Valley office market outlook remains cautious / challenging with more than 12 million sq. ft. of new supply coming on stream by 2014. The abundance of supply inevitably will lead to intense competition and rental pressures. Average occupancy rate for
Slide 50: Sunway Putra Place
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY PUTRA PLACE The Manager continued its business operations on Sunway Putra Place to be in line with the overall business strategies and directions of the Manager. Sunway Putra Mall’s average occupancy rate slipped to 77.6% for YTD 3Q FYE June 2012 from 84.0% for
Slide 51: Investor Relations
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL INVESTOR RELATIONS 50
Slide 52: Unit Price Performance (IPO to 3Q FYE June 2012)
STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (IPO to 3Q FYE June 2012) Sunway REIT vs FBM KLCI (8 Jul 2010 – 31 Mar 2012) Performance Statistics* 1.35 1,700 Price (as at RM0.90 1.30 8/7/2010) Sunway REIT 1.25 1,600 Closing Price (as at : RM1.25 1.20 31/3/2012) 1,500 1.15 Highest Price : RM
Slide 53: Unit Price Performance (Financial YTD for 3Q 2012)
STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (Financial YTD for 3Q 2012 ) Sunway REIT vs FBM KLCI (30 June 2011 – 31 Mar 2012) Performance Statistics* 1.40 1,700 Price (as at RM1.11 Sunway REIT 30/6/2011) 1.30 1,600 Closing Price (as at : RM1.25 31/3/2012) 1.20 1,500 Unit Price (RM) FBM KL
Slide 54: Unitholders' Composition – As at 31 Mar 2012
STRICTLY PRIVATE & CONFIDENTIAL Unitholders’ Composition – As at 31 Mar 2012 Individual 7% Foreign 21% Sunway Berhad 37% Domestic 79% Institutions 56% Total number of unit holders as at 31 March 2012: 6,375 (6,127 as at 31 Dec 2011) 53
Slide 55: Trading Performance Comparison of M-REITs and S-REITs
STRICTLY PRIVATE & CONFIDENTIAL Trading Performance Comparison of M-REITs and S-REITs Key Players Financial Market Total Asset Gearing Market Market Capital Annualised Distribution Total NAV After NAV MER Year Ending Capitalisation Value Price Price Gains DPU yield Return Distribution Premium (31/3/
Slide 56: Comparative Yields for Various Assets
STRICTLY PRIVATE & CONFIDENTIAL Comparative Yields for Various Assets 8.0% 7.0% 2 7.0% 6.0% 1 6.0% 5 6.0% 5.0% 4.0% 3.3% 3 3.2% 4 3.0% 3.0% 2.0% 1.0% 0.0% Sunway REIT M-REIT 10-Year MGS Fixed Deposit EPF Yield OPR Note: 1. Annualised dividend yield based on DPU declared for the period 1/7/2011-31/3/
Slide 57: Thank You
THANK YOU Driving values through sustainable growth.
Sunway Real Estate Investment Trust — Q3 FYE 2012 Earnings Presentation on 6ix