Am ARA REIT Managers Sdn Bhd (Am ARA), the Manager of AmFIRST Real Estate Investment Trust (AmFIRST or the Trust), registered
gross revenue of RM88,538,863 and property expenses of RM32,011,135 for the year ended 31 March 2011.

Total income was RM45,362,246 of which RM3,612,387 was attributed to fair value adjustments and net realizable income available for distribution was RM41,749,859.

For the six-month financial period ended 31 March 2011, the Trust declared a final income distribution per unit (DPU) of 4.94 sen.

Taking into account the interim DPU payout of 4.81 sen, the total DPU was maintained at 9.75 sen, similar to the previous year.

Based on the closing price of RM 1.16 per unit, this represented a dividend yield of 8.4 per cent.

At the end of the current financial year, unitholders were rewarded with a total return of 13.9 per cent, comprising of a capital gain of 5.45 per cent and dividend yield of 8.41 per cent (based on RM 1.16 per unit as at 31 March 2011).

Although the commercial office market is expected to remain competitive, AmFIRST is confident of delivering its rental income stream through focusing on active asset and portfolio management.

The government's initiatives via the Economic Transformation Programmes as well as other liberalization measures will no doubt
be an economic driver for the continued growth of the office market.

Besides, the Trust is actively exploring acquisitions to grow its investment portfolio, said Mr YP Lim, Chief Executive Officer, Am ARA REIT Managers Sdn Bhd. - Bernama