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Overview
Financial Highlight
Headlines
Business Background AmanahRaya Real Estate Investment Trust is a real estate investment trust, which owns a diverse portfolio of real estate properties and real estate related assets, including hotels, factories, education, and office properties. Its primary objective is to derive rental income. The company invests in retail, industrial, hotels, education and office sectors.
  BabyShark123 This counter is still downtrend, but it’s diversified portfolio is quite attractive as the education and office portion will provide stable income for next quarter. 06/08/2020 4:41 PM investfuture ARREIT 2Q2020 quarter report analysis english: https://vitamincash.com.my/en_US/2020/08/21/arreit-2q2020-quater-report-analysis/ 中文： https://vitamincash.com.my/zh_CN/2020/08/21/arreit-2q2020-quater-report-analysis/ 23/08/2020 6:19 PM investfuture arreit 3Q2020 quarter report analysis english: https://vitamincash.com.my/en_US/2020/11/29/arreit-3q2020-quarter-report-analysis/ chinese: https://vitamincash.com.my/zh_CN/2020/11/29/arreit-3q2020-quarter-report-analysis/ 30/11/2020 7:36 AM  Bamboo Green hotels & malls are badly hit during MCO, it may affect the quality of the assets 07/02/2021 2:21 PM lobster declared 2.8868 cents as dividend but only received 2.6022 cents instead :( All these years dividend received as per announcement but this round is not paid in full for the 1st time... wonder why!!! 12/04/2021 11:44 AM RaksasaKambing It's always been 10% deducted bro, maybe you just didn't notice last time 16/04/2021 5:06 PM makanliao about 9% of the total asset will expire in less than 2 years (Segi College Subang, South City Plaza, Contraves, Toshiba), and about 1/3 (the above + Holiday Villa, Segi KD, Wsima Comcorp, RHF Stone) will expire in less than 9 years. Good to continue to collect? 13/05/2021 10:27 AM milosh from the last Q results, it seems to me ARREIT has a solid fundamentals, undervalued even when consider all known "troubles" and risk factors, expecting DPS21 to be in the range 5-5.5sen, very good div yield, potential price upside too 29/05/2021 11:04 AM milosh see my blog for details: https://klse.i3investor.com/blogs/milosh/2021-06-07-story-h1566100953-ARREIT_5127_AMANAHRAYA_REAL_ESTATE_INVESTMENT_FUND.jsp 07/06/2021 12:05 PM Yippy68 very good dividend 2.81 sen for half a year.. that is more than 12 months FD income. well said @Milosh. 24/08/2021 8:48 AM milosh arreit undervalued, good investment with a good margin of safety, I maintain my optimistic stance going fw 24/08/2021 10:56 AM  Thirai Thiraviam Good Q for ARREIT. An EPS of 1.71 cents is quite reassuring. Hope the BOD goes back to redistributing income every quarter, as was the practice before the pandemic. 30/11/2021 11:05 AM NatsukoMishima Reit is for 10 years term investment once you inject money , it wont give u big capital gain , u can only collect div slowly ! 01/07/2022 10:11 PM  tauruslau @Yippy68, Hi Yippy, dividend 1.6449, so quartely is 0.82245? Am i right? If yes, very tiny "distribution".. 27/08/2022 10:31 PM DividendGuy67 Right now, market seems worried about upcoming Sep report, someone already knew the results and dumping. Quite a few concerns with this counter: 1. Further decline in revenues (risky)? 2. Rising interest rates causing higher interest payment? 3. As it is, YTD Jun report showed Operating Cashflows not quite meet Dividends and Interest payments. So, if YTD Sep report shows lower revenues, then, more likely next year's Dividends may be lower than 2022. 4. Asset revaluation risks? (good buffer on paper, but unknown). 09/10/2022 11:22 AM DividendGuy67 It's main property is Vista Tower office building, recently revalued to RM523m, worth 37% of its REIT assets. The gross rental income (before expenses, before interest) have gone down a lot from 40m, 33m, 27m (2019-2021), with around 53% (?) occupancy in highly competitive KL office space where average occupancy is higher than 53%. The big question mark is can its gross rental income rise back to pre-pandemic levels and how many years will that take (if it can)? Or have we gone to a new norm. Management needs to be ruthless - the main drag is RM650m plus borrowings with large Financing costs. Having huge asset values at surplus is meaningless if rental income doesn't come in but having to keep paying interest on loans. It needs to sell some buildings to realize its values, pay off the loans and suddenly, this will unlock a lot of monies and this stock price can then rise again. The question is - can management realize the market values at a sale around this time? Or are the "market values" noted in the books not real today but assumes reversion? Hence the huge discount to Net Asset Values. For minor properties like the Alor Setar ex-Holiday Villa that is only worth RM26m and zero occupancy, better to just sell that off - even if collect less than 26m, at least the occupancy rates for the whole REIT looks better on paper. I suspect the reason they are not selling is because they might not even get 20m and if true, then, that would set a bad precedence for the rest of the properties in their books that needs to be marked down. 09/10/2022 1:00 PM DividendGuy67 A distressed investor, banking on future recoveries, have to be very patient (many years), willing to accept continued dividend cuts. As to when a catalyst can occur to cause a re-rating, this is hard to see. I would like to see stronger management decisions, e.g. sell some properties to reduce borrowings then this cash will propel the stock price but question is - when is management going to do this and can they realize their worse properties? Who is going to buy at this market? 09/10/2022 1:06 PM DividendGuy67 3 months later, more bad quarterly report. More sell off ... now 48 sen. What will the key Q2/2023 report show in August? Income distribution time then ... will ARREIT cut dividends some more in view of poor results? 09/06/2023 10:05 PM ronnie2u hopefully selling the hospitality wing will yield better dividend payout... maybe special dividend 05/01/2024 9:36 AM  | |
