Financial Highlights - Investor Info

FY2012 distribution per unit (DPU) maintained at 10.5 sen

Financial Year
Ended 31 December

	FY 2012 12 months RM (’000)	FY 2011 12 months RM (’000)	FY 2010 12 months RM (’000)	FY 2009 12 months RM (’000)	FY 2008 12 months RM (’000)	FY 2007¹ 12 months RM (’000)
Gross Revenue	103,232	94,881	90,873	87,712	84,092	78,331
Direct Cost & Property Expenses	39,485	36,585	35,530	34,688	31,377	29,052
Net Property Income (NPI)	63,747	58,296	55,343	53,024	52,715	49,279
Net Income	58,470	86,651	39,184	37,137	60,353	80,524
Earnings Per Unit	17.19^***	27.08	12.24	11.61	18.86	25.16
Net Income - Realised	39,758	38,914	38,172	36,737	36,238	36,682
Net Income Per Unit - Realised (sen)	11.69^***	12.16	11.93	11.48	11.32	11.46^*
Income Distribution	35,777	33,600	32,960	32,960	32,640	34,272
Dividend Per Unit (DPU) (sen)	10.50	10.50	10.30	10.30	10.20	10.71^**

Balance Sheet
As at 31 December

	FY 2012 RM (’000)	FY 2011 RM (’000)	FY 2010 RM (’000)	FY 2009 RM (’000)	FY 2008 RM (’000)	FY 2007 RM (’000)
Total Assets	1,066,267	867,059	782,439	777,125	738,108	587,797
Total Liabilities	469,603	391,906	360,977	360,927	326,407	213,408
Total Borrowings	436,100	363,480	334,000	334,000	301,500	184,000
Gearing Ratio	40.89%	41.92%	42.70%	43.00%	40.80%	31.30%
Net Assets	596,664	475,153	421,462	416,198	411,701	374,389
No. of Units in Circulation (Units)	400,634	320,001	320,001	320,001	320,001	320,001
NAV per Unit (RM)	1.49	1.48	1.32	1.30	1.29	1.17

¹ FY2007 represents a 13-month period from Hektar REIT's listing on 4 December 2006 to 31 December 2007.
*Annualised Net Income per Unit (Realised) for FY 2007 is 10.58 sen.
**Annualised DPU for FY 2007 is 9.89 sen.
***Calculated based on Weighted Average No. of Units in Circulation of 340,159,279.

With the completion of the Rights Issue exercise in October 2012, the number of units in circulation was increased from 320,001,000 units to 400,634,117 units. Despite this, Hektar REIT has maintained its DPU at 10.50 sen for FY2012.

Dividend Distributions
FY2012

First Interim DPU	2.60 sen
Second Interim DPU	2.60 sen
Third Interim DPU	2.50 sen
Final DPU	2.70 sen
Total DPU	10.50 sen

DPU Yield^*	7.19 %

^*Based on DPU of 10.50 sen and the closing unit price of RM1.46 for FY2012. Source: Bloomberg

Dividend Yield
Comparative Yields^*

Barring unforeseen circumstances, Hektar REIT will pay at least 90% of its distributable net income for its financial year.

Unit Price Statistics
FY2012

High	RM1.49
Low	RM1.27
Opening Price (3 January 2011)	RM1.28
Closing Price (30 December 2011)	RM1.46
Change In Price	14.06%

Unit Price Performance
FY2012

Debt Structure
As at 31 December 2012

Al-Murabahah / Overdraft
Fixed Term Loan, Annual Floating Rate with Partial Hedging

Total Debt	RM436 million
Weighted Cost of Debt	4.58%
Gearing Ratio¹	40.89%
Interest Cover	4.67%

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

Debt Expiry Profile
As at 31 December 2012