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ABOUT AMANAHRAYA REIT

ABOUT AMANAHRAYA REIT

AmanahRaya Real Estate Investment Trust (“AmanahRaya REIT”) was established on 10 October 2006 pursuant to the Trust Deed dated 10 October 2006 between the Manager, AmanahRaya-REIT Managers Sdn. Bhd. (“ARRM” or “Manager”) and the Trustee, CIMB Islamic Trustee Berhad (“Trustee”). It is classified as a real estate investment fund and was listed on the Main Board of Bursa Malaysia Securities Berhad on 26 February 2007. Over the last 3 years, it has disposed 2 of its properties and committed on its 3rd disposal on 9 December 2014, enabling it to return capital gains to Unitholders. As at 31 December 2014, the portfolio of AmanahRaya REIT includes 14 properties with a total book value of RM1.09 billion.


ABOUT AMANAHRAYA-REIT MANAGERS SDN. BHD.

AmanahRaya-REIT Managers Sdn. Bhd., a wholly owned subsidiary of Amanah Raya Berhad is the manager of AmanahRaya REIT. ARRM was formed on 8 May 2009 and took over the management of AmanahRaya REIT from the former manager i.e. AmanahRaya-JMF Asset Management Sdn Bhd (presently known as AmanahRaya Investment Management Sdn Bhd) on 7 September 2009 upon the registration of the Second Supplemental Deed of AmanahRaya REIT dated 27 August 2009 with the Securities Commission. As at 31 December 2014, the authorised share capital of the Manager is RM5 million and the paid-up share capital is RM1.5 million.

ARRM is principally responsible for the management of AmanahRaya REIT’s investment strategies to meet its investment objectives. Its primary activity is to manage and administer AmanahRaya REIT on behalf of the unitholders in accordance with the Trust Deed dated 10 October 2006 (as supplemented by the Supplemental Trust Deed dated 4 January 2007 and the Second Supplemental Trust Deed dated 27 August 2009) and guidelines issued by Securities Commission and Bursa Malaysia Securities Berhad. ARRM’s main role is to ensure stable and sustainable return to ARREIT unitholders.


INVESTMENT OBJECTIVE

Fund Category Real Estate Investment Trust
Fund Type Income and Growth
Duration of Fund/Termination Date The earlier of:
  • the occurrence of any termination events set out under the provisions of the Trust Deed
  • 80 years after 20 October 2006 or until such further period as the law may permit.
Approved Fund Size 573,219,858
Investment Objective To provide unitholders with stable distributions per unit with the potential for sustainable long-term growth of such distributions and the NAV per unit.
Investment Policy
  • Long term lease arrangements for a minimum of 6 years which is above the industry average of about 3 years
  • Security deposit averaging of at least 1 year in the form of cash and bank guarantee to mitigate tenant-default risk
  • ‘triple net’ lease arrangements where the lessee/tenant is fully responsible for regular maintenance of the properties during the tenure
  • Single lessees/tenants
Performance Benchmark
  • Management expense ratio
  • Total returns
  • Average annual return
  • Distribution yield
  • Net asset value
Distribution Policy
  • Quarterly income distribution
  • Distribution of at least 95% (or such other percentage as determined by the Manager in its absolute discretion)
Revaluation Policy The investment properties shall be revalued at least once every 3 years by the registered independent valuers.
Financial Year End 31 December
Listing Main Market of Bursa Malaysia Securities Berhad
Stock Name ARREIT
Stock Code 5127
Date of Listing 26 February 2007
Initial Public Offering Price
  • RM0.895 - retail
  • RM0.94 - institutional
 
 
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