SUNWAY REAL ESTATE INVT TRUST
KLSE (MYR): SUNREIT (5176)
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Last Price
1.58
Today's Change
+0.01 (0.64%)
Day's Change
1.57 - 1.58
Trading Volume
6,000
Financial
Market Cap
5,411 Million
NOSH
3,425 Million
Latest Quarter
31-Mar-2023 [#1]
Announcement Date
03-May-2023
Next Quarter
30-Jun-2023
Est. Ann. Date
18-Aug-2023
Est. Ann. Due Date
29-Aug-2023
QoQ | YoY
89.79% | -9.28%
Revenue | NP to SH
680,279.000 | 313,697.000
RPS | P/RPS
19.86 Cent | 7.95
EPS | P/E | EY
9.16 Cent | 17.25 | 5.80%
DPS | DY | Payout %
9.22 Cent | 5.84% | 100.66%
NAPS | P/NAPS
1.47 | 1.08
QoQ | YoY
-3.05% | 59.16%
NP Margin | ROE
46.11% | 6.25%
F.Y. | Ann. Date
31-Mar-2023 | 03-May-2023
Latest Audited Result
31-Dec-2022
Announcement Date
28-Feb-2023
Next Audited Result
31-Dec-2023
Est. Ann. Date
28-Feb-2024
Est. Ann. Due Date
28-Jun-2024
Revenue | NP to SH
651,446.000 | 323,558.000
RPS | P/RPS
19.02 Cent | 8.31
EPS | P/E | EY
8.86 Cent | 16.72 | 5.98%
DPS | DY | Payout %
9.22 Cent | 5.84% | 97.59%
NAPS | P/NAPS
1.46 | 1.08
YoY
65.52%
NP Margin | ROE
49.67% | 6.45%
F.Y. | Ann. Date
31-Dec-2022 | 30-Jan-2023
Revenue | NP to SH
731,212.000 | 385,828.000
RPS | P/RPS
21.35 Cent | 7.40
EPS | P/E | EY
10.68 Cent | 14.02 | 7.13%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
19.25% | -9.28%
NP Margin | ROE
52.77% | 7.69%
F.Y. | Ann. Date
31-Mar-2023 | 03-May-2023
Show?
| Last 10 FY Result | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 731,212 | 680,279 | 651,446 | 675,558 | 0 | 556,875 | 580,299 | 560,406 | 522,868 | 507,013 | 453,454 | 427,788 | 5.06% | |
| PBT | 385,828 | 323,014 | 332,875 | 194,634 | 0 | 207,307 | 394,318 | 428,691 | 424,484 | 323,696 | 547,340 | 411,124 | -2.45% | |
| Tax | 0 | -9,317 | -9,317 | 850 | 0 | 900 | -7,945 | -1,000 | 0 | 0 | -5,896 | 0 | - | |
| NP | 385,828 | 313,697 | 323,558 | 195,484 | 0 | 208,207 | 386,373 | 427,691 | 424,484 | 323,696 | 541,444 | 411,124 | -2.77% | |
| - | ||||||||||||||
| NP to SH | 385,828 | 313,697 | 323,558 | 195,484 | 0 | 208,207 | 386,373 | 427,691 | 424,484 | 323,696 | 541,444 | 411,124 | -2.77% | |
| - | ||||||||||||||
| Tax Rate | 0.00% | 2.88% | 2.80% | -0.44% | - | -0.43% | 2.01% | 0.23% | 0.00% | 0.00% | 1.08% | 0.00% | - | |
| Total Cost | 345,384 | 366,582 | 327,888 | 480,074 | 0 | 348,668 | 193,926 | 132,715 | 98,384 | 183,317 | -87,990 | 16,664 | 41.92% | |
| - | ||||||||||||||
| Net Worth | 5,017,343 | 5,017,343 | 5,017,000 | 5,029,672 | 4,359,893 | 4,359,893 | 4,389,638 | 4,289,800 | 4,144,902 | 3,987,051 | 3,915,643 | 3,622,920 | 3.89% | |
| Equity | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Worth | 5,017,343 | 5,017,343 | 5,017,000 | 5,029,672 | 4,359,893 | 4,359,893 | 4,389,638 | 4,289,800 | 4,144,902 | 3,987,051 | 3,915,643 | 3,622,920 | 3.89% | |
| NOSH | 3,424,807 | 3,424,807 | 3,424,807 | 3,424,807 | 2,945,078 | 2,945,078 | 2,945,078 | 2,945,078 | 2,945,078 | 2,942,690 | 2,933,066 | 2,924,068 | 1.87% | |
| Ratio Analysis | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NP Margin | 52.77% | 46.11% | 49.67% | 28.94% | 0.00% | 37.39% | 66.58% | 76.32% | 81.18% | 63.84% | 119.40% | 96.10% | - | |
| ROE | 7.69% | 6.25% | 6.45% | 3.89% | 0.00% | 4.78% | 8.80% | 9.97% | 10.24% | 8.12% | 13.83% | 11.35% | - | |
| Per Share | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPS | 21.35 | 19.86 | 19.02 | 19.73 | 0.00 | 18.91 | 19.70 | 19.03 | 17.75 | 17.23 | 15.46 | 14.63 | 3.13% | |
| EPS | 10.68 | 9.16 | 8.86 | 4.98 | 0.00 | 6.40 | 12.98 | 14.52 | 14.41 | 11.00 | 18.46 | 14.06 | -5.28% | |
| DPS | 0.00 | 9.22 | 9.22 | 6.10 | 0.00 | 7.33 | 9.59 | 9.57 | 9.19 | 9.18 | 8.73 | 8.36 | 1.15% | |
| NAPS | 1.465 | 1.465 | 1.4649 | 1.4686 | 1.4804 | 1.4804 | 1.4905 | 1.4566 | 1.4074 | 1.3549 | 1.335 | 1.239 | 1.98% | |
| Adjusted Per Share Value based on latest NOSH - 3,424,807 | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPS | 21.35 | 19.86 | 19.02 | 19.73 | 0.00 | 16.26 | 16.94 | 16.36 | 15.27 | 14.80 | 13.24 | 12.49 | 5.06% | |
| EPS | 10.68 | 9.16 | 8.86 | 4.98 | 0.00 | 6.08 | 11.28 | 12.49 | 12.39 | 9.45 | 15.81 | 12.00 | -3.50% | |
| DPS | 0.00 | 9.22 | 9.22 | 6.10 | 0.00 | 6.30 | 8.25 | 8.23 | 7.90 | 7.89 | 7.48 | 7.14 | 3.04% | |
| NAPS | 1.465 | 1.465 | 1.4649 | 1.4686 | 1.273 | 1.273 | 1.2817 | 1.2526 | 1.2103 | 1.1642 | 1.1433 | 1.0578 | 3.90% | |
| Price Multiplier on Financial Quarter End Date | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 31/03/23 | 31/03/23 | 30/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 28/06/19 | 29/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | - | |
| Price | 1.60 | 1.60 | 1.46 | 1.41 | 1.50 | 1.62 | 1.87 | 1.77 | 1.78 | 1.66 | 1.54 | 1.44 | - | |
| P/RPS | 7.49 | 8.06 | 7.68 | 7.15 | 0.00 | 8.57 | 9.49 | 9.30 | 10.03 | 9.63 | 9.96 | 9.84 | -2.87% | |
| P/EPS | 14.20 | 17.47 | 15.45 | 24.70 | 0.00 | 22.91 | 14.25 | 12.19 | 12.35 | 15.09 | 8.34 | 10.24 | 4.95% | |
| EY | 7.04 | 5.72 | 6.47 | 4.05 | 0.00 | 4.36 | 7.02 | 8.20 | 8.10 | 6.63 | 11.99 | 9.76 | -4.71% | |
| DY | 0.00 | 5.76 | 6.32 | 4.33 | 0.00 | 4.52 | 5.13 | 5.41 | 5.16 | 5.53 | 5.67 | 5.81 | 0.99% | |
| P/NAPS | 1.09 | 1.09 | 1.00 | 0.96 | 1.01 | 1.09 | 1.25 | 1.22 | 1.26 | 1.23 | 1.15 | 1.16 | -1.72% | |
| Price Multiplier on Announcement Date | ||||||||||||||
| AQR | T4Q | 31/12/22 | 31/12/21 | 31/12/20 | 30/06/20 | 30/06/19 | 30/06/18 | 30/06/17 | 30/06/16 | 30/06/15 | 30/06/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 03/05/23 | 03/05/23 | 30/01/23 | 28/01/22 | - | 03/08/20 | 08/08/19 | 09/08/18 | 10/08/17 | 11/08/16 | 11/08/15 | 11/08/14 | - | |
| Price | 1.60 | 1.60 | 1.59 | 1.39 | 0.00 | 1.50 | 1.89 | 1.74 | 1.73 | 1.68 | 1.53 | 1.42 | - | |
| P/RPS | 7.49 | 8.06 | 8.36 | 7.05 | 0.00 | 7.93 | 9.59 | 9.14 | 9.74 | 9.75 | 9.90 | 9.71 | -1.74% | |
| P/EPS | 14.20 | 17.47 | 16.83 | 24.35 | 0.00 | 21.22 | 14.41 | 11.98 | 12.00 | 15.27 | 8.29 | 10.10 | 6.18% | |
| EY | 7.04 | 5.72 | 5.94 | 4.11 | 0.00 | 4.71 | 6.94 | 8.35 | 8.33 | 6.55 | 12.07 | 9.90 | -5.82% | |
| DY | 0.00 | 5.76 | 5.80 | 4.39 | 0.00 | 4.89 | 5.07 | 5.50 | 5.31 | 5.46 | 5.71 | 5.89 | -0.18% | |
| P/NAPS | 1.09 | 1.09 | 1.09 | 0.95 | 0.00 | 1.01 | 1.27 | 1.19 | 1.23 | 1.24 | 1.15 | 1.15 | -0.62% | |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
9 people like this. Showing 50 of 1,888 comments
These 6 properties Sunreit bought are with Triple Net Leases, and all with remaining more than 5 years to 10 years. Average rental is net 8% (since is Triple Net lease) and with 12% discount. If GCH (Giant) wants to terminate the leases, they have to pay all outstanding Terms rental. So, Sunreit has not issue to have good rental rate from these properties for next 5-10 years. So, why worry now, We enjoy good DPU first for 5-10 years first.
2 months ago
Kinrara Giant. Purchase Price RM130m. Net Rental per year RM9,852,336. or 7.578%, currently is 11-15 years term. Leases is 30 years, Rental increment about 9% every 5 years. Termination condition subject settle full 30 years rental
2 months ago
Putra Heights Giant, Purchase Price RM60m, Net Rental/year RM5,386,572. or 8.9%. currently is 11-15 years term. Leases is 30 years, Rental increment about 9% every 5 years. Termination condition subject settle full 30 years rental
2 months ago
USJ Giant, Purchase price RM80m,Net Rental/year RM8,187,888.60 or 10.2%. currently is 9-10 years term. Leases is 15 years, After 1o years Rental increment about 10% for last 5 years. Termination condition subject settle full 15 years rental
2 months ago
Klang Giant, Purchase Price RM 65m. Net Rental/year RM4,590,864. or 7%. currently is 1-5years term. Leases is 10 years, Rental increment about 7.65% for term 6-10 years. Termination condition subject settle full 10 years rental
2 months ago
Ulu Klang Giant, Purchase Price RM45m,Net Rental/year RM3,826,540 or 8.5%. currently is 1-5 years term. Leases is 10 years, Rental increment about 10.4% for year 6-10 . Termination condition subject settle full 10 years rental
2 months ago
Plentong Giant, Purchase Price RM140m,Net Rental/year RM10,279,123. or 7.3%. Currently is 1-5 years term. Leases is 10 years, Rental increment about 10% for year 6-10 . Termination condition subject settle full 10 years rental
2 months ago
These locations are all prime locations which Sunreit may decides to upgrade for other purposes once leases with Giant over. News also reported GCH may dispose Giant to new buyer. Who ever take over, will still have to bear the full terms leases rental. So, good or not is individual judgement
2 months ago
https://dividends.my/sunreit-5176/.
Historically, Sunreit pays highest dividend 9.59 in 2019 and the price in 2019 was 1.9+. which yields about 5%.
Last year Sunreit pays total 9.22 dividend which is one of the few over 9c per annum. Interesting is 2H 2022 pay out is 5c which highest in record for half year dividend. Higher dividend due to better Revenue from Hospitality sector and also November opening of SMC in Penang which contribute partly to Q4 2022 income.
2 months ago
As Q4 2022 income is averagely much higher than first 3 quarters. I believe year 2023 will have much higher average quarterly income since 1)SMC Penang will pays full year rental, 2)Better crowd in Shopping mall, Resorts and Hotels. 3) New Suites and Nursing Rooms which currently under renovation in 18th Floor Sunway Resort and will lease to SMC end of this year. 4) part contribution from recent 6 properties acquisitions from EPF which will accrete higher DPU due to average 8.2% net rental. If base on min 5 cents unchanged DPU for half year and 2023 pay out 10 cents. At 1.56, the yields is 6.4% before withholding tax or about 6% after minus withholding tax. With the contribution from The 4 income above, very likely 2023 will be around 11c or more. This will translate to 7.05% before tax and average 6.7% after withholding tax. I think this is extremely good FD if compare to EPF besides the principal will growth with Sunreit
2 months ago
IMO this is the best REIT. Very stabil and diversified.
Too bad they selling SMC but for exposure to healthcare can buy some Alaqar REIT
2 months ago
@bingoman, Reit is real investment. Even is slow, but you will sure make profit if you choose the right reit. 99% of long term reit investors make profit if take into accounts of Good Dividend receive every year. Go for speculative stocks if you prefer fast price moving. Speculative stocks, even though price moves up fast, but don't forget it will moves down fast . After all, the price up is not due to company make money for you, but is gambling between you and other groups of people. Strongest will rules. That means, if you are good in Speculative and an always winner gambler. Reit is not for you. But, do take note that historical record shows at least 95% of the speculators eventually their faces turns sour and lost. So, not all can have good luck and good in Speculative. In this sense, Good Reits may be a better choice than FD or even EPF.
2 months ago
https://www.theedgemarkets.com/node/660233
Sunway sets dividend reinvestment issue price at RM1.38 ????
2 months ago
sunway and sunreit different company lah. sunway is the major shareholder of sunreit.
DRP is for sunway, not sunreit
2 months ago
Giant霸市大股东退出！SUNREIT捡了个大便宜？【谈股论今 68】【中字】
https://www.youtube.com/watch?v=MEC5v9d0Dhc
2 months ago
https://klse.i3investor.com/web/stock/analysis-price-target/5176
TP range from 1.55 to 1.87. If take Average is 1.71
2 months ago
I log in here to 8 and make noise here cause I bought enough, or rather say I have no more money to buy.
2 months ago
Unlike most other REITs, this one has sooo many properties. And if various kinds. Truly the most diversified and defensive REIT u can find in Malaysia
1 month ago
https://www.nst.com.my/business/2023/04/903540/sunway-reit-plans-acquisitions-uk-japan-and-australia
Sunreit will be even more diversified!
1 month ago
Sunreit's Transcend Roadmap 2027 goal:
Become Top 2 REIT in malaysia!
Grow asset value to RM14-15bil!
1 month ago
https://www.thestar.com.my/business/business-news/2023/05/15/capitaland-acquires-second-logistics-property-for-rm397mil
why is sunreit letting clmt grab all the industrial properties for sale?
3 weeks ago
I'm not an expert or professional, but management have the direction to achieve in xxxx year among others, sunreit might not the best but consider good enough to invest for long term same as others reits.
I'm confident enough to current management team cause sunreit and sunway the only HOPE for me when I KENA (burn) on previous crisis🚑🚐.
2 days ago
The great thing about Sunreit is it's very diversified portfolio, ranging from retail, hotels, industrials, hospitals, offices. Unlike no other REIT in Malaysia
2 days ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
hhhiii123
Giant kelana jaya, giant subang, ghost mall lol
2 months ago