When it comes to reits the most important part is the per unit data. They could increase the profit easily by acquisition of new properties. But there's always delusion by pp
Interim income distribution 4.66 sen per unit (4.14 sen per unit is taxable, 0.09 sen per unit is non taxable, 0.43 sen per unit is tax exempt) distribution for tax exempt part increased
highly recommend management can consider about dividen reinvestment plan this will help sunreit reduce debt save interest and support sunreit growth aggressively
what is your take on this counter ? I got zero idea on this. 2 months ago i send my kid to sunway college, so i walk around the area - sunway pyramid, sun u residence, sun geo avenue - monash u, sunway u, the BLT .... They look interesting to me.
Sunreit together with Igbreit, Pavreit, Axreit, Klcc, Ytlreit are the best REITs in Malaysia. Low risk, stable dividends. But don't expect a lot capital gains. They are more for dividends
Currently Sunreit have around 10 bil in their portfolio. Transcend 2027 they target 14-15 bil portfolio. But their Margin Ratio already used up, is it they will issues new share in order for them to acquire another 4-5 bil portfolio?
I am new to this stock. It happen i just came back sending my kid toSunway college and walk around the area. Sunway concept looks interesting and sustainable. And in view of strong USD and US allies currency, it make Sunway education looks so attractive alternatives especially this year and next year. One room in Monash Australia cost RM 4,500 per month, whereas one Bigger and comfortable room in Sun U only cost RM 1,500 !! The price of everything is 3 time cheaper, and there are hundreds times more choices, not to mention tasty and delicious. A lot of foreign students come to Sunway because of the facilities. Myammar, India, Bangla, Japanese, China, South Korea, Indonesia ....The supermarket doing well. The Sunway Pyramid and sun geo are doing well. Sunway University, Monash and Taylor are doing very well. I would say, SUNWAY is a very good Brand. My kid said he sometimes saw Tan Sri Cheah walking around the Sun U and using stairs instead of lift all alone by HIMSELF. This is all good sign. Cheers.
KUALA LUMPUR: The manager of Sunway Real Estate Investment Trust (SunREIT) has announced that it has acquired 163 Retail Park in Mont Kiara, Kuala Lumpur, for RM215mil.
In a statement, Sunway REIT Management Sdn Bhd said the REIT trustee had signed a conditional sale and purchase agreement with D'Kiara Place Sdn Bhd, a wholly-owned subsidiary of YNH Property Bhd, to purchase the seven-storey retail mall.
According to SunREIT, the mall, which is the centrepiece component of a mixed-integrated development known as Kiara 163, has a gross floor area of about 76,146 sqm with a net lettable area of about 23,740 sqm and 1,085 car park bays.
The property is 94% occupied with over 100 tenants and brands, and is anchored by Jaya Grocer.
"We are delighted to have the opportunity to acquire what we feel is the best retail asset in the Mont’ Kiara neighbourhood.
"While competition in the retail industry in Klang Valley is rising, we believe 163 Retail Park is fulfilling the every day requirements of a niche market and whose income will be resilient and less impacted by new mall openings," said Sunway REIT Management CEO Clement Chan.
He said the manager is anticipating an initial net property income yield of 6.5% from the property, which will be yield-accretive to SunREIT's portfolio.
Surrounded by a substantial captive population comprising both locals and expatriates and coupled with our strong branding and track record in mall management, we believe the mall can be further enhanced as a premium lifestyle hub and NPI increased through tenant mix optimisation and asset enhancement initiatives," he added.
The proposed acquisition will be fully funded by SunREIT's existing debt facilities and is expected to be completed by the second quarter of 2024, subject to the fulfilment of the conditions precedent of the sale and purchase agreement.
Upon successful completion of the proposed acquisition, SunREIT's assets under management (AUM) will increase to RM9.1bil, maintaining its position as the second largest listed REIT in Malaysia, measured by AUM.
I almost same with you speakup bought at 1.49 during covid crash still holding. Very good mall, every week I go to Sunway Carnival Mall, full like nobody business, always upgrade up to best level, good brands.
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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....
KingKKK
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Posted by KingKKK > 2024-04-21 19:36 | Report Abuse
Unfazed by Volatility: 5 Malaysia REITs with Strong Fundamentals (KingKKK) - AXREIT, CLMT, IGBREIT, SUNREIT, PAVREIT
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-21-story-h-182972911-Unfazed_by_Volatility_5_Malaysia_REITs_with_Strong_Fundamentals_KingKKK