Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q1 2025 Earnings Presentation
20 slides from Hektar Real Estate Investment Trust's earnings presentation, May 28, 2025
Slide 1: Hektar REIT 1Q25 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 1Q25 Results Presentation 28 May 2025
Slide 2: Hektar REIT: Malaysia's First Retail-Focused REIT
Hektar REIT: Malaysia’s First Retail-Focused REIT 2 Diversifying while maintaining our retail-centered niche ORGANISATION GEOGRAPHICALLY WELL-DIVERSIFIED DISCLAIMER: The material that follows is a presentation of general background information about the activities of Hektar REIT (including Hektar RE
Slide 3: Table of Contents
Table of Contents 3 01 Financial & Portfolio Highlights 02 Portfolio Performance 03 Portfolio Updates 04 2025 Key Initiatives
Slide 4: Financial Highlights
4 Financial Highlights
Slide 5: Financial & Operational Summary
Financial & Operational Summary 5 Financial Performance (1Q2025) vs Previous Year (1Q2024) Gross Revenue RM30.9 million (+8.4% Y-o-Y) Net Property Income RM15.0million (+4.4% Y-o-Y) Realised Net Income RM4.2 million (-18.2% Y-o-Y) Debt Maturity Profile 90.5% of Debt maturing from 2028 onwards Effect
Slide 6: Performance Summary 1Q25
Performance Summary 1Q25 6 1Q25: Jan- Mar 2025 35,000 8.9% 30,000 25,000 20,000 4.4% 15,000 10,000 (18.2%) 5,000 0 Gross Revenue Net Property Income Net Realised Income 1Q2024 1Q2025 • The net property income increased by 4.4% due to higher revenue recorded in the current quarter driven by income re
Slide 7: Financial Highlights
Financial Highlights 7 EXPIRY PROFILE 2025-2033 DEBT SUMMARY As at 31 March 2025 RM548.05 MIL RM605.65 million Total Debt [FY2024: RM598.3 million] 4.96% Effective Cost [FY2024: 5.03%] 42.12% Gearing Ratio [FY2024: 41.72%] 1.55 times Interest Cover [FY2024: 1.66 times] 1 Gearing ratio calculated by
Slide 8: Income Statement 1Q25
Income Statement 1Q25 8 Income Statement As at 31.03.2024 As at 31.03.2025 Variance 1Q25 (RM '000) (RM '000) (%) Revenue 28,406 30,932 8.9% Direct Cost & Property Expenses (14,024) (15,924) (13.5%) Net property income (NPI) 14,382 15,008 4.4% Income from Fund Placement & Others 890 532 (67.3%) Admin
Slide 9: Balance Sheet 1Q25
Balance Sheet 1Q25 9 As at As at Balance Sheet 31.12.2024 31.03.2025 Unit Statistics As at 31 Mar 2025 (RM '000) (RM '000) Non-current Assets Investment properties 1,386,500 1,386,500 Plant & Equipment 469 438 No. of Unit 709,286,684 Capital work in progress 5,144 5,768 1,392,113 1,392,706 Current A
Slide 10: Portfolio Performance
10 Portfolio Performance Committed Occupancy at 85.6% ► Positive Rental Reversion of 4.4% in 1Q2025 ► Increased Footfall at 5.6 million (▲ 1.4% Y-O-Y) for 1Q2025 ►
Slide 11: Portfolio Occupancy – Committed Occupancy at 85.6%
Portfolio Occupancy – Committed Occupancy at 85.6% PRIVATE & CONFIDENTIAL 11 Previous Occupancy Actual Occupancy 1Q25 Committed Occupancy 1Q25 86.7% 85.6% 84.0% 82.0% 83.5% FY22 FY23 FY24 1Q25 CO Occupancy Subang Parade 70.3% 74.3% 84.1% 84.1% 85.9% Mahkota Parade 86.9% 93.8% 98.2% 97.1% 97.1% Wetex
Slide 12: 1Q25 rental reversions at 4.4% against previous rent
PRIVATE & CONFIDENTIAL 12 1Q25 rental reversions at 4.4% against previous rent. ▪ 24 new/renewed tenancies consisting of 10.0% of total NLA expiring in 2025 in 1Q2025. ▪ Positive reversions were observed at all malls, except for Kulim Central due to the anchor tenant reviewing strategy and transitio
Slide 13: Tenancies expiry well distributed
Tenancies expiry well distributed PRIVATE & CONFIDENTIAL 13 ▪ Tenancies expiry is evenly distributed based on normal 3 years tenancy term. ▪ 734,739 sq. ft or about / 36.0% of total NLA expiring in 2025 of which 73,490 sq. ft / 10.0% has been renewed/added as of 31 March 2025. PORTFOLIO TENANCY EXPI
Slide 14: Refreshed retail offerings at Hektar Malls
PRIVATE & CONFIDENTIAL Refreshed retail offerings at Hektar Malls Mercato, Kulim Central Premium Store, Kulim Central Potato Corner, Kulim Central Revital Wellness Centre, Segamat Central Pickle Paradise, Central Square Lil Ninjas Dojo, Subang Parade TS Concept Store, Segamat Central Oh! Some, Mahko
Slide 15: Marketing initiatives
Marketing initiatives PRIVATE & CONFIDENTIAL 15 Fencing Challenge 2025, Subang Jaya Half Marathon, Love in Smash: Pickleball Experience, Subang Parade Subang Parade Mahkota Parade The Kuan’s CNY Performance, New Year Fun Run, Toyota Vios Day, Mahkota Parade Kulim Central Segamat Central
Slide 16: CSR Initiatives
PRIVATE & CONFIDENTIAL CSR Initiatives CNY CSR, Mahkota Parade Charity Contribution for Underprivileged Kids, Subang Parade Raya CSR, Mahkota Parade Manisnya Raya Bersama Kanak-Kanak Asnaf, Central Square Berbuka Puasa & Duit Raya Giveaway to Orphanage, Classic Hotel
Slide 17: 2025 Key Initiatives
PRIVATE & CONFIDENTIAL 2025 Key Initiatives
Slide 18: Energy Saving Initiatives (Solar Panel)
PRIVATE & CONFIDENTIAL Energy Saving Initiatives (Solar Panel) • Hektar REIT partners with Samaiden (PLC – listed in Bursa) for 20-Year Zero-Capex Solar Initiatives across Portfolio. • Installation and commissioning by 4Q25. Transaction Details Data Details Type of Zero Capex Model PPA Agreement Upf
Slide 19: Strategic Leasing Initiatives
PRIVATE & CONFIDENTIAL Strategic Leasing Initiatives Leisure / Entertainment, Edutainment, Sport & Fitness Specialty Hobbies / Children / Education Emphasis on Fitness centres / Yoga / Pilates /Enrichment centres/ Indoor Focusing on activating spaces with the right tenant and experience Theme Park /
Slide 20: Investor Communications
20 Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd Tel: +6 03 6205 5570 Web: www.HektarREIT.com Email: ir@HektarREIT.com
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