Hektar REIT 2020 Performance: Resilience in Adversity
- 2021年02月25日 21:00:00
- テクノロジー
- JCN Newswire
For the fourth quarter ended 31 December 2020 ("4Q 2020"), Hektar REIT posted revenue of RM29.8 million, which is 14.5% lower compared to the same quarter of the preceding year. NPI was RM12.4 million, a decline of 37.3% compared to the corresponding quarter of the previous year. However, when compared to the previous quarter, revenue increased by 14.7%. Despite the challenges to malls as a result of the COVID-19 pandemic on the retail sector, the REIT managed to attract new and secured existing tenants covering 10.2% of Hektar REIT's Net Lettable Area ("NLA") in this quarter. The REIT continually engages with tenants in all six shopping centres to ensure the sustainability of their business.
Dato'Hisham bin Othman, Chief Executive Officer of Hektar Asset Management Sdn. Bhd, commented, "We cannot deny that 2020 was a challenging year for our malls given the mobility restrictions and stringent standard operating procedures that had to be implemented to curb further spread of the COVID-19 virus. However, we strived to ensure that business remained sustainable for our tenants and us at all times."
"We expect consumer sentiment to improve over the second half of 2021 as more people get vaccinated and the economy recovers. To ensure that our portfolio of malls remain competitive and continue to attract visitors, we have also been busy with remixing &rejuvenating our tenant mix and reconfiguring of spaces along with other optimum asset enhancement initiatives".
Income Distribution
As earlier announced, Hektar REIT declared an income distribution of RM4.2 million for 4Q 2020, which is equivalent to 0.90 sen per unit. The COVID-19 pandemic has impacted the retail industry significantly and the REIT has also not been spared. However, we remain committed to steering our portfolio into recovery this year.
Positive Anchor Commitment at Subang Parade and Mahkota Parade
Anchor support for Hektar's two largest malls, Subang Parade and Mahkota Parade, remains positive. Subang Parade saw the introduction of premium supermarket Village Grocer. Parkson, our long-term anchor, refurbished their lower ground space at Subang Parade and renewed their tenancy at Mahkota Parade. A new mini-anchor, EcoShop, also opened at Subang Parade in December 2020. The commitment by these anchors is a testament to the confidence in the long-term prospects of the malls.
Stable Portfolio Occupancy
Hektar REIT's portfolio of malls remained steady at an overall occupancy rate of 88.4% for FY2020. The overall portfolio registered 80 new and renewed tenancies representing NLA of 364,014 sq ft or 17.8% of total NLA. Hektar REIT reached out to eligible tenants by providing rental assistance and engaging with our shoppers to boost tenant sales through marketing promotions via physical and digital platforms.
Sustainability Efforts
Hektar REIT is committed to fulfill its obligation to ensure that all the business activities are performed to high standards of Environmental, Social and Governance (ESG). Overall, energy consumption for the portfolio declined by 19.1%, translating into reduction of carbon emissions of 1.2 million kgCO2. Hektar REIT is a constituent member of the FTSE4Good Bursa Malaysia Index and in its latest December 2020 evaluation, its ESG conduct has been recognised with a 3-star ESG rating by FTSE Russell.
For further information, please log on to www.bursamalaysia.com
ABOUT HEKTAR REAL ESTATE INVESTMENT TRUST
Hektar Real Estate Investment Trust ("Hektar REIT") is Malaysia's first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.2 billion as at 31 December 2020. The REIT's strategic partner is Frasers Centrepoint Trust, part of Frasers Property Ltd, headquartered in Singapore. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT's portfolio of commercial properties includes Subang Parade in Subang Jaya, Selangor;Mahkota Parade in Melaka;Wetex Parade &Classic Hotel in Muar, Johor;Central Square in Sungai Petani, Kedah;Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.com
IMPORTANT NOTICE
The past performance of Hektar REIT is not indicative of the future performance of Hektar REIT. This document may contain forward-looking statements that involve risk and uncertainties. Actual future results may vary materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view of future events.
For more information or inquiries, please contact:
Hektar Asset Management Sdn Bhd
D1-U3-10, Solaris Dutamas
No 1, Jalan Dutamas 1
50480 Kuala Lumpur
Malaysia
Investor Communications
Tel: +6 03 6205 5570
Fax: +6 03 6205 5571
Email: ir@HektarREIT.com
Web: www.HektarREIT.com
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com
純烈を卒業発表の岩永洋昭、ラジオでその理由を自身の口から報告
「ちゅうちょなく中止や延期の判断をして」熱中症対策ガイドライン制定のJFA競技運営部に聞く
もう1人も失いたくない…森保監督と考える「酷暑とサッカー」42歳急逝から1年…遺族と初対面
大沢桃子、都内でコンサート開催「愛の魔法」ミニスカート姿で歌唱 ファン1200人が熱い声援
チュートリアル福田、BSよしもと新番組で地方ロケ希望「泊まりで前乗りで」
超特急カイ「うれしい」モノマネしていたIKKOと初共演 2人で鉄板ネタ「どんだけ~」披露
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
島崎遥香、犬への“塩対応”明かす「毎朝5時に犬に起こされる。ご飯をあげるけど2度寝します」
舘ひろし&柴田恭兵「あぶない刑事」タカ&ユージとして神奈川県警から感謝状贈られる
フジ27時間テレビ総合MCに霜降り明星、チョコプラ、ハナコ「逃走中」「学校かくれんぼ」開催
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
【ネタバレ?】史実で見るキングダムの今後の展開まとめ〜中華統一までの全体像
「あまりにもデカすぎる…」三田悠貴、迫力バスト際立つ小面積ビキニショットにネット騒然
丸亀製麺の「丸亀うどーなつ」が販売開始で完売店舗続出!過去の「うどんで作ったドーナッツ」と比較すると……
ひまそらあかねを無視するマスコミ、岩下の新生姜社長が名前を出すだけで「不買運動」が叫ばれる事態に
玉置浩二の妻、青田典子(53)の現在がとんでもない事になっていると話題に
元セクシー女優上原亜衣「過去のことは親には今でも言ってない」「胸張って言える仕事ではない」
「エロい」42歳山川恵里佳、白ビキニのオフショ動画4連発!20年ぶりグラビア復帰「最ッ高」
岡本夏生(56)、1600日ぶりにブログを更新した現在が衝撃
中国・日本人母子刺傷 止めに入ったバス案内係の中国人女性死亡
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
玉置浩二の妻、青田典子(53)の現在がとんでもない事になっていると話題に
【ネタバレ?】史実で見るキングダムの今後の展開まとめ〜中華統一までの全体像
ガーシーが綾野剛のLINE公開でネット騒然「ショック」「すごいエンタメ」
イケメンだから許される!堀北真希と山本耕史の「馴れ初め」が映画化希望するレベル
ユーチューバーもこう氏、元彼女・成海瑠奈について赤裸々告白
「愛が生まれた日」藤谷美和子(56)の現在がヤバい!?徘徊生活を送っていた過去も明らかに。
柏原崇(45)現在を調べてみた結果、相変わらずかっこよすぎた!
都知事選掲示板にヌードポスター ひろゆき氏「世も末」 SNSで批判噴出
岡本夏生(56)、1600日ぶりにブログを更新した現在が衝撃
![game_banner](/images/banner-game.png)
純烈を卒業発表の岩永洋昭、ラジオでその理由を自身の口から報告
「ちゅうちょなく中止や延期の判断をして」熱中症対策ガイドライン制定のJFA競技運営部に聞く
もう1人も失いたくない…森保監督と考える「酷暑とサッカー」42歳急逝から1年…遺族と初対面
大沢桃子、都内でコンサート開催「愛の魔法」ミニスカート姿で歌唱 ファン1200人が熱い声援
チュートリアル福田、BSよしもと新番組で地方ロケ希望「泊まりで前乗りで」
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
超特急カイ「うれしい」モノマネしていたIKKOと初共演 2人で鉄板ネタ「どんだけ~」披露
島崎遥香、犬への“塩対応”明かす「毎朝5時に犬に起こされる。ご飯をあげるけど2度寝します」
舘ひろし&柴田恭兵「あぶない刑事」タカ&ユージとして神奈川県警から感謝状贈られる
フジ27時間テレビ総合MCに霜降り明星、チョコプラ、ハナコ「逃走中」「学校かくれんぼ」開催