Financial Result of ARREIT (as at 30/03/2013)

Quarterly rpt on consolidated results for the financial period ended 31/3/2013

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Financial Year End	31/12/2013
Quarter	1
Quarterly report for the financial period ended	31/03/2013
The figures	have not been audited

Attachments Financial Report 31032013.pdf 89 KB

• Default Currency
• Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2013	31/03/2012	31/03/2013	31/03/2012
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,747	16,622	16,747	16,622
2	Profit/(loss) before tax	11,368	9,688	11,368	9,688
3	Profit/(loss) for the period	11,368	9,688	11,368	9,688
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	1.98	1.69	1.98	1.69
6	Proposed/Declared dividend per share (Subunit)	1.88	1.81	1.88	1.81
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0553		1.0774

最近心情有點煩躁，鬧心的事也不少，要處理的事也多，有一段時間沒跟進了，唉……

ARREIT的成績算不錯，租金收入上升不多，但盈利上升幅度高達17%，稍微留意了官方得分析，主要應該是這個other property operating expenses大幅降度（大概RM1.6m降低到RM0.3m），但無法得知這個expenses的詳情，就沒辦法做進一步觀察。

基本上ARREIT借貸空間（目前gearing ratio 35%左右），它還是有成長空間的，可惜管理層好像都無色不到好的產業，這一點有點可惜。

由於手上有些閑錢，早前稍作加碼在ARREIT以增加一些被動收入。

以目前市價RM1.03而言，如果每一季租金回饋大同小異，周息率還是有6.6%（net），作爲防禦性定存股還算不錯。

Financial Result of ARREIT (as at 31/12/2012)

Quarterly rpt on consolidated results for the financial period ended 31/12/2012

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Financial Year End	31/12/2012
Quarter	4
Quarterly report for the financial period ended	31/12/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,829	16,392	66,915	65,306
2	Profit/(loss) before tax	16,181	41,457	46,887	73,672
3	Profit/(loss) for the period	16,181	41,457	46,887	73,672
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	2.82	7.23	8.18	12.85
6	Proposed/Declared dividend per share (Subunit)	2.05	1.88	7.45	7.22
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0774		1.0475

看到那profit少了那麽多，原本還真有點呆了一下。

仔細看了看它的Financial Statement，原來那差距是因爲去年的Revaluation of Properties（2012：RM3.5m； 2011：RM31.143m）大大比今年高才導致今年的profit看似“大縮水”。

而ARREIT面對的隱憂和前一篇提到的沒有太大差別。雖然銀鳥集團再度延長了7.5個月的租凴合約，問題的根本還是存在。

無論如何，這一季的租金囘酬比以往的高了那一點點，算是個小小驚喜。

Financial Result of ARREIT (as at 30/09/2012)

Quarterly rpt on consolidated results for the financial period ended 30/9/2012

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Financial Year End	31/12/2012
Quarter	3
Quarterly report for the financial period ended	30/09/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,786	16,184	50,086	48,914
2	Profit/(loss) before tax	10,793	10,379	30,706	32,215
3	Profit/(loss) for the period	10,793	10,379	30,706	32,215
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	1.88	1.81	5.36	5.62
6	Proposed/Declared dividend per share (Subunit)	1.79	1.72	5.26	5.34
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0490		1.0475

Diam diam 收錢，結果幾乎都忘了 ARREIT 的存在，好像很久沒留意它了。=.=|||

ARREIT沒有買進新的產業，收到的租金自然也不會有太大的增長，收到的租金和花費的增加勉強還算是成正比，income distribution 自然也不會有什麽大躍進了。以目前的價位，0.93 來説，一年的 net income distribution 都還有 7% 左右，拿來取代 FD 算是不過不失了。

ARREIT目前的隱憂：

1. 銀鳥集團（Silver Bird）續約能力市目前最大的隱憂。雖然銀鳥的擔保人在6月是解了它無力償還租金的窘境，但也只能維持到01/2013，距離現在也只剩下2個月了。須知道銀鳥是 ARREIT 的主要租戶之一，佔 ARREIT 10%+- 的租金收入。
2. Wisma Amanahraya (Damansara)的租約將于 07/2013 expired，目前租戶 CIMB Investment Bank Berhad 估計不會續約（會搬去KL Sentral）。

希望 ARREIT 的管理層能夠積極解決上述隱憂，不然它的價位 + 派息能力勢必受影響…… 也希望 ARREIT 能夠積極一點去發展，好好利用剩餘的貸款空間（目前 gearing ratio 0.35左右，可以去到0.5）。

目前保持觀望態度，由於大選將至，也不排除大選前清空所有的票握現金，先看看再説咯。

Financial Result of ARREIT (as at 30/06/2012)

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2012	30/06/2011	30/06/2012	30/06/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,678	16,367	33,300	32,730
2	Profit/(loss) before tax	10,224	10,903	19,912	21,837
3	Profit/(loss) for the period	10,224	10,903	19,912	21,837
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	1.78	1.90	3.47	3.81
6	Proposed/Declared dividend per share (Subunit)	1.80	1.81	3.61	3.62
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0493		1.0475

Financial Result of ARREIT (as at 31/03/2012)

Financial Results

Reference No CC-120518-60224

Company Name	:	AMANAHRAYA REAL ESTATE INVESTMENT TRUST
Stock Name	:	ARREIT
Date Announced	:	23/05/2012

Financial Year End	:	31/12/2012
Quarter	:	1
Quarterly report for the financial period ended	:	31/03/2012
The figures	:	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2012	31/03/2011	31/03/2012	31/03/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,622	16,363	16,622	16,363
2	Profit/(loss) before tax	9,688	10,933	9,688	10,933
3	Profit/(loss) for the period	9,688	10,933	9,688	10,933
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	1.69	1.91	1.69	1.91
6	Proposed/Declared dividend per share (Subunit)	1.81	1.81	1.81	1.81
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0484		1.0475