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Overview
Financial Highlight
HeadlinesBusiness Background Sunway Real Estate Investment Trust provides unitholders with a diversified portfolio of retail, hospitality, office and other real estate assets. Sunway REIT divides its property type into four categories: retail, hotel, office, and others. The retail properties, which include shopping malls and hypermarkets, generate the most revenue for the company. The retail properties’ tenants include department stores, supermarkets, cinemas, entertainment centres, fashion stores, convention centres, and others. The investment trust focuses on retail and mixed-use assets in cities and townships in Malaysia.
  speakup https://themalaysianreserve.com/2023/01/30/sunway-reit-tripled-4q-net-profit-to-rm51m/ 30/01/2023 10:33 PM  pang72 Sunway REIT CEO Datuk Jeffrey Ng said as a result of the improved financial performance and cash flow, Sunway REIT has increased its income distribution payout to 100% in 4Q22 and endeavour to maintain an income distribution payout of 100% in FY23. Commenting on the outlook, he added, “Sunway REIT maintains a positive outlook for FY23, underpinned by stable domestic economic growth, sustained growth momentum for the Retail segment, further recovery in the hotel segment as well as full-year income contribution from Sunway Carnival Mall (New Wing) and Sunway Resort Hotel.” 31/01/2023 12:07 AM unicornbird I see that the Total share increase about 2% per year, for past 10 years. Does the REIT pay the management by issuing 2% extra shares yearly? 04/02/2023 5:19 PM speakup https://www.thestar.com.my/business/business-news/2023/02/05/exciting-deals-at-sunway-theme-parks-mega-roadshow?utm_medium=thestar&utm_source=secpmnewslisting&utm_campaign=Sunway+Lagoon+05Feb23 09/02/2023 9:37 PM speakup It's good. Besides they get slight over 10% discount on the properties. Bulk buying, get discount 17/03/2023 10:05 AM hhhiii123 But if you visit giant before, you will notice that beside it own supermarket, most of the shoplot are vacant. Most of the big chain brand store also not there, I really doubt how they recover the capital injection lol. Currently giant is operate at free parking but not able to attract more patron, if they remove free parking they may lose regular customers. Let's how they rebrand it... 17/03/2023 10:54 AM speakup What Giant u go? The Giant near my place not like that, very few empty shops 17/03/2023 11:15 AM anthonytkh I’m actually more interested in the reasons EPF sold instead of SunREIT buying. We’ve read SunREIT’s reasons for buying but nothing from EPF thus far… 17/03/2023 12:14 PM speakup For those of us who bought cheap, this sunreit is giving us over 6% per year 17/03/2023 1:40 PM InvestIcon These 6 properties Sunreit bought are with Triple Net Leases, and all with remaining more than 5 years to 10 years. Average rental is net 8% (since is Triple Net lease) and with 12% discount. If GCH (Giant) wants to terminate the leases, they have to pay all outstanding Terms rental. So, Sunreit has not issue to have good rental rate from these properties for next 5-10 years. So, why worry now, We enjoy good DPU first for 5-10 years first. 17/03/2023 2:47 PM InvestIcon Kinrara Giant. Purchase Price RM130m. Net Rental per year RM9,852,336. or 7.578%, currently is 11-15 years term. Leases is 30 years, Rental increment about 9% every 5 years. Termination condition subject settle full 30 years rental 17/03/2023 2:53 PM InvestIcon Putra Heights Giant, Purchase Price RM60m, Net Rental/year RM5,386,572. or 8.9%. currently is 11-15 years term. Leases is 30 years, Rental increment about 9% every 5 years. Termination condition subject settle full 30 years rental 17/03/2023 2:55 PM InvestIcon USJ Giant, Purchase price RM80m,Net Rental/year RM8,187,888.60 or 10.2%. currently is 9-10 years term. Leases is 15 years, After 1o years Rental increment about 10% for last 5 years. Termination condition subject settle full 15 years rental 17/03/2023 2:58 PM InvestIcon Klang Giant, Purchase Price RM 65m. Net Rental/year RM4,590,864. or 7%. currently is 1-5years term. Leases is 10 years, Rental increment about 7.65% for term 6-10 years. Termination condition subject settle full 10 years rental 17/03/2023 3:00 PM InvestIcon Ulu Klang Giant, Purchase Price RM45m,Net Rental/year RM3,826,540 or 8.5%. currently is 1-5 years term. Leases is 10 years, Rental increment about 10.4% for year 6-10 . Termination condition subject settle full 10 years rental 17/03/2023 3:02 PM InvestIcon Plentong Giant, Purchase Price RM140m,Net Rental/year RM10,279,123. or 7.3%. Currently is 1-5 years term. Leases is 10 years, Rental increment about 10% for year 6-10 . Termination condition subject settle full 10 years rental 17/03/2023 3:04 PM InvestIcon These locations are all prime locations which Sunreit may decides to upgrade for other purposes once leases with Giant over. News also reported GCH may dispose Giant to new buyer. Who ever take over, will still have to bear the full terms leases rental. So, good or not is individual judgement 17/03/2023 3:06 PM speakup https://www.thestar.com.my/business/business-news/2023/03/17/sunway-reit039s-retail-expansion-to-be-earnings-accretive 17/03/2023 4:13 PM  Siow Looi All these lands can be used for future commercial development if feasible 17/03/2023 4:41 PM speakup https://klse.i3investor.com/web/stock/analysis-price-target/5176 TP range from 1.55 to 1.87. If take Average is 1.71 18/03/2023 10:04 AM InvestIcon https://dividends.my/sunreit-5176/. Historically, Sunreit pays highest dividend 9.59 in 2019 and the price in 2019 was 1.9+. which yields about 5%. Last year Sunreit pays total 9.22 dividend which is one of the few over 9c per annum. Interesting is 2H 2022 pay out is 5c which highest in record for half year dividend. Higher dividend due to better Revenue from Hospitality sector and also November opening of SMC in Penang which contribute partly to Q4 2022 income. 21/03/2023 10:36 AM InvestIcon As Q4 2022 income is averagely much higher than first 3 quarters. I believe year 2023 will have much higher average quarterly income since 1)SMC Penang will pays full year rental, 2)Better crowd in Shopping mall, Resorts and Hotels. 3) New Suites and Nursing Rooms which currently under renovation in 18th Floor Sunway Resort and will lease to SMC end of this year. 4) part contribution from recent 6 properties acquisitions from EPF which will accrete higher DPU due to average 8.2% net rental. If base on min 5 cents unchanged DPU for half year and 2023 pay out 10 cents. At 1.56, the yields is 6.4% before withholding tax or about 6% after minus withholding tax. With the contribution from The 4 income above, very likely 2023 will be around 11c or more. This will translate to 7.05% before tax and average 6.7% after withholding tax. I think this is extremely good FD if compare to EPF besides the principal will growth with Sunreit 21/03/2023 10:48 AM speakup IMO this is the best REIT. Very stabil and diversified. Too bad they selling SMC but for exposure to healthcare can buy some Alaqar REIT 21/03/2023 12:44 PM InvestIcon @bingoman, Reit is real investment. Even is slow, but you will sure make profit if you choose the right reit. 99% of long term reit investors make profit if take into accounts of Good Dividend receive every year. Go for speculative stocks if you prefer fast price moving. Speculative stocks, even though price moves up fast, but don't forget it will moves down fast . After all, the price up is not due to company make money for you, but is gambling between you and other groups of people. Strongest will rules. That means, if you are good in Speculative and an always winner gambler. Reit is not for you. But, do take note that historical record shows at least 95% of the speculators eventually their faces turns sour and lost. So, not all can have good luck and good in Speculative. In this sense, Good Reits may be a better choice than FD or even EPF. 22/03/2023 12:10 PM cn21 https://www.theedgemarkets.com/node/660233 Sunway sets dividend reinvestment issue price at RM1.38 ???? 22/03/2023 3:52 PM speakup sunway and sunreit different company lah. sunway is the major shareholder of sunreit. DRP is for sunway, not sunreit 22/03/2023 9:15 PM fusing79 Giant霸市大股东退出！SUNREIT捡了个大便宜？【谈股论今 68】【中字】 https://www.youtube.com/watch?v=MEC5v9d0Dhc 23/03/2023 11:05 PM  | |
