The footfall in Hektar's shopping malls will increase spontaneously as a greater influx of travelers can be expected in the second half of 2023 as airlines resume their capacities and routes at a gradual pace
@Kobayashi73 @smartly The Board of Directors of Hektar Asset Management Sdn. Bhd. (“The Board”) has recommended and the Trustee has approved an interim income distribution of 2.70 sen, amounting to RM13,467,275 for the Second Quarter ended 30 June 2023. The Board had determined that the Income Distribution Reinvestment Plan (“IDRP”) shall apply to the entire Income Distribution for the Second Quarter ended 30 June 2023, where the gross electable portion will be 2.7 sen per unit, amounting to RM13,467,275 for the Second Quarter ended 30 June 2023. Hektar REIT will issue new units to Unitholders who elect to exercise the reinvestment option. The issue price, which will be determined and fixed by the Board on the price-fixing date, shall not be more than a 10% discount to the 5-day volume weighted average market price (“VWAMP”) of the units immediately prior to the price-fixing date.
Got div or not but the prices seems to be nose diving today. Don't tell me announce 2.7 cts div and today down 2 cts ?????... if like that ........mati lah
KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) remains positive and resilient in achieving growth backed by an aggressive and strategic leasing approach to increase the occupancy rate.
“Moving forward, our focus will be on the repositioning and sweating of assets under management to increase revenue and enhance operational efficiencies,” it said in a filing with Bursa Malaysia.
In the second quarter ended June 30 (2Q), Hektar REIT registered revenue of RM27.2mil and net property income (NPI) of RM15.5mil.
Hektar REIT said its NPI recorded a significant growth of 13% compared to the same quarter of the previous year, with an impressive NPI margin of 56.9%, indicative of effective financial management
The realised net income for 2Q stood at RM6.9mil, which also showed improvement and was almost 6% higher than the same quarter in the preceding year.
Hektar REIT has declared an interim income distribution of 2.70 sen per unit for six months ended 2Q 2023, amounting to RM13.4mil.
Hektar Asset Management Sdn Bhd chief executive officer Johari Shukri bin Jamil said: “Retail activities remained strong in this quarter on the back of festivities, and our malls continue to be well-positioned as neighbourhood and community hubs.
“Our commitment to improving our malls' overall tenancy mix and occupancies has been rewarded with improved occupancy rates across the board. Our strategic financial management, such as the reduction in gearing ratio and the successful implementation of a group-wide cost optimization programme, has resulted in a robust NPI margin of 56.9%, demonstrating the financial resilience of our portfolio,” he said in a statement.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AndrewHo93
321 posts
Posted by AndrewHo93 > 2023-08-21 15:32 | Report Abuse
Confident that it will present us an excellent Q2 result ~