Sunway Reit's Npi For Oct

Sunway REIT is one of the largest diversified Real Estate Investment Trusts in Malaysia with a diverse portfolio, strategically located across award-winning integrated townships in key locations within Klang Valley, Penang and Perak. Our portfolio comprises 17 properties which include retail malls, hotels, offices, a medical centre, industrial property and a purpose-built campus. We have a total property value of RM8.05 billion with a total gross floor area of approximately 15.7 million square feet as of 30 June 2020. Sunway REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 8 July 2010 with an initial market capitalization of RM2.7 billion. Sunway REIT’s key investment objective is to provide unitholders with exposure to a diverse portfolio of authorized investments that will provide stable cash distributions with the potential for sustainable growth in net asset value per unit.

Meanwhile, its hotel segment recorded gross revenue of RM9.8 million for the quarter, up 24% year-on-year, attributed to the lifting of the restriction on interstate travel, and the gradual resumption of meetings, incentives, conferences and exhibitions . Sunway’s property division is an award-winning property developer where we build for a better tomorrow by creating an integrated environment for living, working and leisure. We strive to outdo ourselves with even more ground-breaking establishments and aim to continue building sustainable communities where societies can thrive for generations to come. To date it has an extensive portfolio with successful and award-winning properties in Malaysia and abroad, namely China, India, Cambodia, Vietnam, and Singapore. Its retail segment’s revenue jumped 63% to RM92.4 million during the quarter, attributed to recovery in retail footfall and sales following the easing of movement restrictions, compared to when it was operating under the Conditional Movement Control Order in the same period in 2020.

Sunway Real Estate Investment Trust is a Malaysia-based real estate investment trust. The Company’s segments include Retail, Hotel, Office, Services and Industrial. The Services segment is involved in leasing of services-related premises on long term leases. The Industrial segment is engaged in leasing of industrial premises on long term leases. Its investment objective is to provide unitholders with exposure to a diverse portfolio of authorized investments that provides stable cash distributions with the potential for sustainable growth in net asset value per unit and distribution per unit . The Company’s principal investment policy is to invest in retail, hospitality, office and other real estate assets.

The office segment also performed better, with gross revenue rising 31% to RM19.1 million from RM14.5 million and NPI climbing 38% to RM12.4 million from RM9 million, boosted by full income contribution from The Pinnacle Sunway and largely stable average occupancy rate across its office properties. Sunway REIT investment objective is to provide the Unitholders with an exposure to a diverse portfolio of Authorised Investments that will provide stable cash distributions with the potential for sustainable growth in Net Asset Value per Unit. Sunway RE Capital’s objective is to invest in real estate for recurring income along with a fund management platform. Its key investment focus is commercial properties and purpose-built student accommodation primarily in the United Kingdom. Our objective is to deliver sustainable distributions and growth in total return to unitholders over the long term via active asset management, yield-accretive acquisitions supported by optimal capital and risk management. With a conscious strategy aligned with the United Nations Sustainable Development Goals, our aim is to prioritise the development of sustainability programmes that are self-sustaining for positive economic, environmental and societal impact.

The Group encompasses 12 business divisions namely Property, Construction, Hospitality, Retail, Leisure, Commercial, Trading & Manufacturing, Building Materials, Quarry, Healthcare, Education and Real Estate Investment Trust . Gross revenue and NPI for the services segment grew 2.3% to RM15.3 million, due to the annual rental reversion of Sunway medical Centre and Sunway University & College campus. Free to access for more than 10 years stock data in our Advanced technical chart. Sunway REIT closed unchanged at RM1.39 on Friday, giving it a market capitalisation of RM4.76 billion. “Retail footfall and retail sales have returned to normalcy compared to pre-Covid-19 towards the end of 6QFY21.

Sunway Real Estate Investment Trust has a diverse portfolio and is one of the largest diversified real estate investment trusts in Malaysia that is strategically located across award-winning integrated townships in key locations within Klang Valley, Penang and Perak. We own a portfolio of different assets comprising four retail malls, six hotels, four offices, a medical centre, an industrial property and an education asset. With an initial portfolio of 8 properties, Sunway REIT has grown to 17 properties comprising 4 retail malls, 6 hotels, 4 offices, a medical centre, an industrial property and a purpose-built campus. Property value has grown by more than 100% from an initial RM3.46 billion to RM8.04 billion as at 30 June 2020.

Sunway RE Capital’s investment in PBSA is via a private fund established in Singapore, Sunway Residence Trust, with an AUM of £59 mil, comprising a portfolio of 4 properties with 595 beds in key cities in the UK and all in Russell Group cities (i.e. Bristol, Manchester and Sheffield). Sunway RE Capital is one of the sponsors of Elite Commercial REIT which is listed in Singapore since February 2020 with a market capitalisation of £227mil. ECR is the first and only UK-Focused S-REIT with a portfolio of 97 properties with an AUM of £319mil. Upcoming result should be decent since the economy has returned to normal in Q4 2021. Sunway Putra is a 3-in-1 integrate development comprising a mall, hotel and office tower. Sunway Group is one of Malaysia’s most formidable property-construction groups, with a multitude of established businesses in more than 40 locations worldwide.

NPI jumped almost two-fold to RM65.8 million in 6QFY21 compared with RM33.9 million in the same period last year,” it said. The REIT proposed a final distribution per unit of 2.8 sen, versus 0.77 sen in 2QFY21. If you have any questions about the Privacy Notice or your personal data, please write to us here. We have included methods for you to submit your queries regarding your personal data to us. Mass market effect of government imposing bumi equity for malls triggered the downfall further when it is still recovering. Sunway Pyramid Shopping Mall, the trophy asset of Sunway REIT is one of the largest malls in Malaysia that has won many prestigious awards to its name.