AmFIRST Real Estate Investment Trust is one of the largest Malaysia-based commercial REIT with exposure to office, retail and hotel sector in the Klang Valley and Cyberjaya. AmFIRST currently manages eight properties, of which three are located within the Kuala Lumpur Golden Triangle area and one each in Petaling Jaya, Kelana Jaya and Subang Jaya and two in Cyberjaya. AmFIRST currently manages over 2.5 million sq ft of real estate space.[1][2]

Corporate information

AmFIRST Real Estate Investment Trust Financial Highlights
Year ended/(Quarter Ended)Gross Revenue
(RM)
Property Expenses
(RM)
Profit/(Loss)
after Tax (RM)
Net Income distribution per unit
(cents)
31 March 200857,853,43017,209,00031,312,6157.299
31 March 2009Increase93,080,96131,788,215Increase179,070,892Increase 8.75
31 March 2010Increase98,188,35534,548,582Decrease76,430,446Increase9.75
31 March 2011Decrease88,538,86332,011,135Decrease66,095,6279.75
31 March 2012Increase97,979,82632,099,718Decrease52,192,234Decrease9.31

Properties

PropertyNet Lettable AreaYear of CompletionTenureOccupancy Rate
Bangunan AmBank Group360,166 sf198799 years100%
Menara AmFIRST159,001 sf1994Freehold66.70%
AmBank Group Leadership Centre57,801 sf1990Freehold100%
Menara AmBank458,187 sf1997Freehold97.14%
Wisma AmFIRST285,461 sf201199 years73.53%
The Summit Subang USJRetail - 599,474 sf

Office - 138,475 sf

Hotel - 286,600 sf

1998FreeholdRetail - 93.73%

Office - 50.10%

Hotel - 100.00%

Prima 9111,224 sf2009Freehold100%
Prima 10100,272 sf2010Freehold100%

References

  1. "REITs remain resilient".
  2. "Is AmFirst REIT regaining favour?".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.