AMANAHRAYA REITS
KLSE (MYR): ARREIT (5127)
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Last Price
0.31
Today's Change
0.00 (0.00%)
Day's Change
0.31 - 0.315
Trading Volume
30,700
Changes
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Discussions
1 person likes this. Showing 50 of 401 comments
hopefully selling the hospitality wing will yield better dividend payout... maybe special dividend
2024-01-05 09:36
I first took a position in ARREIT back in 2011. Between then and 2020, I continued adding more shares until, at one point, ARREIT comprised around 10% of my entire portfolio. However, sometime in mid-2023, I concluded that something was seriously amiss at this REIT. I wish I had realized it sooner. I guess I was too enamoured with the company to accept reality. (See my post above from Nov-21.) Nonetheless, I offloaded the bulk of my shares at around RM0.51, keeping a few thousand shares as keepsakes.
Having read their 2023 Annual Report again, I couldn't see how the management could turn the Trust around. Their big strategy is to exit hospitality completely and focus on education and healthcare.
Long-time unit holders know that the ex-Holiday Villa Alor Star has been vacant since 2018! Instead of selling it first, ARREIT sold the 100% occupied Holiday Villa Langkawi — supposedly because of the 'new strategic focus'! Fine.
Besides the Holiday Villa Alor Star, the former Toshiba TEC building has also been vacant for over two years. There is hardly any discussion about what the management plans to do with this building.
However, these properties aren't the biggest problem in ARREIT's portfolio. The biggest issue is the very place the Trust is occupying—namely, Vista Tower, which makes up 38% of ARREIT's asset value. When the property was purchased in 2018, it had an occupancy rate of 70%. Since then, the rate has only declined every year, reaching its current 35% occupancy rate. I really hope the management does something drastic about this property soon.
Overall, the asset-weighted occupancy rate of ARREIT has declined by 18.9% between 2018 and 2013, from 84.3% to 65.3%. This is an issue that must be addressed.
Anyway, I will no longer be a unit holder moving forward and wish the management success in turning around this once promising REIT.
2 months ago
Note:
A very bad Bumiputras managed REITS. Markets price drop terribly from 60sen+ to 30sen+ within one year. They sold/ going to sell the good asset e.g. Holiday Villa Langkawi, Contraves which enjoy 100% occupancy. The latest Q EPS dropped to 0.35sen from 0.58sen, main due to the discontinued income from HV Langkawi.
Don't expect improvement within short period, especially another valuable asset, Contraves, is going to be sold.
2 months ago
1.20sen income distribution represents 3.5% (over market price 34sen) which is also worse than another bumiputras managed reits, AmFirst, which gave 2.0sen, translated to 6.25% return (over the market price 32sen).
2 months ago
NTA is RM1.26, whereas share price is only RM0.30. This REIT is extremely undervalued
1 week ago
ARREIT price has now reached its lowest point. Collect before good QR is announced
1 week ago
I estimate that the counter will generate over RM40mil in PAT due to the disposal gain
1 week ago
EPS is 0.34 sen and ROE is 27%. The fundamental of this Amanahraya Reits is solid
1 week ago
Management expects better financial performance for ARREIT this financial year. One word, BUY !
1 week ago
@adheree. Hard for me to predict the next price movement, but I can estimate that ARREIT will record more than RM30 million in net profit in q2
1 week ago
Give them some time, just change management recently... let's see how they restructure their portfolio
5 days ago
ARREIT has three best-performing properties, i.e. SEGi University in Kota Damansara, HELP University in Jalan Samantan, and Alfa University College in Subang Jaya. I believe this reits will continue to deliver good results
5 days ago
ARREIT's future prospects are very bright. Chip in while it's cheap and overlooked
5 days ago
Looking ahead, this Reits will focus on the following three assets: education tenants (since it is difficult to change campuses, tenant stickiness is very high), industrial sectors with high market demand at present, and finally the healthcare sector
4 days ago
better accumulate at current cheap price before its Q2 results are released sooner or later
4 days ago
Heard that ARREIT intends to sell Dana 13 and Ex-Holiday Villa properties in the future. Therefore, FY2024 will be a new transformation for the company
2 days ago
New acquisition - PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ACTING AS TRUSTEE FOR AND ON BEHALF OF ARREIT OF A COMMERCIAL BUILDING LOCATED WITHIN GLENMARIE SHAH ALAM, SELANGOR FROM STUTTGART HOLDINGS SDN BHD.
2 days ago
This is for a private school and ARREIT will receive RM160k per month in rent from them
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=150364&name=EA_GA_ATTACHMENTS
2 days ago
AmanahRaya Real Estate Investment Trust has acquired a private education asset for RM31.4mn in Glenmarie, Shah Alam, Selangor.
https://theedgemalaysia.com/node/724878
1 day ago
As at March 31, 2024, ARREIT's investment properties, comprising 11 properties across the office, education, industrial, retail and hospitality sectors, were valued at RM1.27 billion. I believe its Q2 performance will be amazing
1 day ago
Q2 results are out. ARREIT experienced a revenue and net profit decline due to the disposal of Holiday Villa Langkawi and increase in manager's fee...
1 day ago
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lu suka reits? i recomen lu beli Alaqar. best bagus!
2023-06-10 14:49