Investor Info


Financial Highlights

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FY2016 distribution per unit (DPU) maintained at 10.5 sen

Financial Year
Ended 31 December

RM'000 FY2016 FY2015 FY2014 FY2013 FY2012
Gross Revenue 124,571 125,511 121,991 120,235 103,232
Direct Cost & Property Expenses 50,236 49,028 48,714 46,120 39,485
Net Property Income (NPI) 74,335 76,483 73,277 74,115 63,747
Net Income* 43,158 4,759 50,387 58,766 58,470
Earnings Per Unit* 10.77 1.19 12.58 14.67 17.19**
Net Income - Realised 41,546 44,693 44,261 46,134 39,758
Net Income Per Unit - Realised (sen) 10.37 11.16 11.05 11.52 11.69**
Income Distribution 42,067 42,067 42,067 42,067 35,777
Distribution Per Unit (DPU) (sen) 10.5 10.5 10.5 10.5 10.5
Change in Unit Price (sen) 4.0 3.0 (1.0) 4.0 18.0
Annual Total Return per Unit (sen) 14.5 13.5 9.5 14.5 28.5
Annual Total Return per Unit (%)*** 9.3 8.9 6.4 9.7 19.5

* Including unrealised income.
** Calculated based on Weighted Average No. of Units in Circulation of 340,159,279.
***Calculated based on the Closing Price of each year.

Balance Sheet
As at 31 December

RM'000 FY2016 FY2015 FY2014 FY2013 FY2012
Total Assets 1,130,809 1,116,315 1,110,046 1,085,103 1,066,267
Total Liabilities 545,341 531,938 488,362 471,739 469,789
Total Borrowings 508,200 494,215 453,876 436,100 436,100
Gearing Ratio (%) 44.9 44.3 41.0 40.2 40.9
No. of Units in Circulation (Units) 400,634 400,634 400,634 400,634 400,634
Net Asset Value (NAV) 585,468 584,377 621,684 613,364 596,664
NAV per Unit (RM) 1.46 1.46 1.55 1.53 1.49
Lowest NAV during the period (RM) 1.45 1.46 1.52 1.48 1.43
Highest NAV during the period (RM) 1.48 1.57 1.55 1.53 1.50
Unit Price as at 31 December (RM) 1.56 1.52 1.49 1.50 1.46
Premium/(Discount) to NAV (%) 6.8 4.1 (3.9) (2.0) (2.0)
Income Distributions
FY2016

Interim 1st Quarter DPU 2.60 sen
Interim 2nd Quarter DPU 2.60 sen
Interim 3rd Quarter DPU 2.60 sen
Final 4th Quarter DPU 2.70 sen
Total DPU 10.50 sen
DPU Yield* 6.7 %

* Based on DPU of 10.50 sen and the Closing Unit Price of RM1.56 for FY2016. Source: Bloomberg

Unit Price Statistics
FY2016

High RM1.70
Low RM1.48
Opening Price (4 January 2016) RM1.52
Closing Price (30 December 2016) RM1.56
Change In Price 2.6%
Average Total Return*

For 1 year (2016) 9.3%
For 3 years (2014-2016) 8.2%
For 5 years (2012-2016) 10.8%

* Based on the Total Return and the Closing Price of each year.

Total Return*

For 3 years (2014–2016) 24.0%
For 5 years (2012–2016) 51.6%

* Based on the Total Return of each year and the Closing Price as at 30 December 2016.

Debt Structure
As at 31 December 2016

Al-Murabahah / Overdraft
Al-Murabahah/Overdraft Fixed Term Loan, Annual Floating Rate and Fixed Term Loan, Annual Fixed Rate

Total Debt RM508 million
Weighted Cost of Debt 4.6%
Gearing Ratio1 44.9%
Interest Cover 2.86

1 Gearing ratio calculated by total long term liabilities over Gross Asset Value (GAV).

Distribution Yield
Comparative Yields*

Chart : Distribution Yield - Comparative Yields
Unit Price Performance
FY2016

Chart : Unit Price Performance
Debt Expiry Profile
As at 31 December 2016

Chart : Debt Expiry Profile