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Stocks With Momentum: Amanahraya Reit
by Cals Tue 31 Mar 2015, 21:50
Stocks With Momentum: Amanahraya Reit
By theedgemarkets.com / theedgemarkets.com | March 31, 2015 : 11:06 AM MYT
Amanahraya Reit (-ve)
AMANAHRAYA REIT (Fundamental: 1.3/3, Valuation: 3/3) is a diversified REIT – office buildings constituted 29% of its total asset value while education properties constituted some 22%. Since the start of the year, it has performed relatively well with its share price surging 11.3 sen or 14.1% to 91.5 sen yesterday.
For 2014, rental revenue fell 14.1% to RM55.2 million, mainly due to non-payment of rental for Silver Bird Factory and the vacancy of [size=14]Wisma Amanah Berhad. Income available for distribution also dropped 24.4% to RM31.9 million on higher operation costs such as electricity and assessment rates.
Its gearing ratio decreased slightly to 33.8% in 2014 from 36.0% in preceding year. The trust currently trades at 19% below book value of RM1.13. Distribution per unit (DPU) for 2014 decreased 10.5% to 6.5 sen in 2014, translating into an above-average yield of 7.1%.
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This article first appeared in The Edge Financial Daily, on March 31, 2015.
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By theedgemarkets.com / theedgemarkets.com | March 31, 2015 : 11:06 AM MYT
Amanahraya Reit (-ve)
AMANAHRAYA REIT (Fundamental: 1.3/3, Valuation: 3/3) is a diversified REIT – office buildings constituted 29% of its total asset value while education properties constituted some 22%. Since the start of the year, it has performed relatively well with its share price surging 11.3 sen or 14.1% to 91.5 sen yesterday.
For 2014, rental revenue fell 14.1% to RM55.2 million, mainly due to non-payment of rental for Silver Bird Factory and the vacancy of [size=14]Wisma Amanah Berhad. Income available for distribution also dropped 24.4% to RM31.9 million on higher operation costs such as electricity and assessment rates.
Its gearing ratio decreased slightly to 33.8% in 2014 from 36.0% in preceding year. The trust currently trades at 19% below book value of RM1.13. Distribution per unit (DPU) for 2014 decreased 10.5% to 6.5 sen in 2014, translating into an above-average yield of 7.1%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 31, 2015.
[/size]
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