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Hektar REIT’s ESG Commitment Rewarded with Two Awards

indie
4 minutes

KUALA LUMPUR, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust (Hektar REIT), Malaysia's first retail-focused REIT, is pleased to announce that Hektar REIT is the proud recipient of two Silver awards at the inaugural of The Edge Malaysia ESG Awards 2022: Most Improved Performance Award Over Three Years (for Market Cap below RM300M) and Property & REIT Sector Award.Muhammad Bakhtiar Ul Haq, Assistant Manager, IR, ESG & Special Projects of Hektar Asset Management; Mohd Zaharim bin Mohd Yatim, Senior Manager, Special Projects of Hektar Property Services; Syairul Irwan Rased, Assistant GM, Business Strategy, Martin Chen, GM, Legal, Zarina Halim, CCO, Johari Shukri bin Jamil, CEO and Lim Kek Siang, Senior GM, Finance of Hektar Asset Management and Sanggat Singh, Senior Manager, Group Facilities Management of Hektar Property Services [L-R]The Edge Malaysia editor-in-chief Kathy Fong; Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift; Johari Shukri bin Jamil, Chief Executive Officer of Hektar Asset Management Sdn Bhd; Helena Fung, the head of sustainable investment for Asia-Pacific a...

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Hektar REIT’s Portfolio Benefits from Retail Recovery

indie
3 minutes

KUALA LUMPUR, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced the third quarter results ended 30 September 2022 (3Q 2022). Hektar REIT recorded revenue of RM31.06 million, a substantial increase of 62.4% compared with RM19.12 million in the same quarter of the previous year. The higher revenue is attributed to the increased rental income, including higher turnover rent, increased car park income and higher hotel occupancy. Hektar REIT registered a net property income of RM18.31 million, an increase of 77.2% compared with RM10.33 million in 3Q 2021, while the realised net income was RM13.50 million, a notable increase of 861.8% compared with RM1.40 million for the same quarter in the preceding year.En. Johari Shukri, CEO of Hektar Asset ManagementHektar REIT's performance for the nine months ended 30 September 2022 (9M 2022) showed an increase in revenue by 25% to RM89.55 million compared with RM71.62 million in the corresponding period of 2021. The net property income rose 40.4% to RM48.64 million in 9M 2022 compared with RM34.63 million in the same period for last...

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Hektar REIT Recorded Significant Improvement

indie
4 minutes

KUALA LUMPUR, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced the second quarter results ended 30 June 2022 (2Q 2022). Hektar REIT recorded revenue of RM29.37 million, an increase of 14.2% compared to the RM25.71 million recorded in the corresponding quarter of the previous year. The higher revenue is attributed to increased rental & car park income and higher hotel occupancy. Hektar REIT registered a net property income of RM13.70 million, an increase of 34.3% compared to RM10.20 million in 2Q 2021, while the realised net income was RM6.57 million, a substantial increase of 317.3% compared to the same period in the preceding year.Subang ParadeEn. Johari Shukri bin Jamil, Chief Executive Officer of Hektar Asset Management Sdn. Bhd.Earnings per unit rose significantly by 311.8% to 1.40 sen for 2Q 2022 compared with the same quarter in the previous year. Based on the financial performance for the current quarter, Hektar REIT has declared an interim income distribution of 2.70 sen per unit, amounting to RM12.72 million, to be made on 26 September 2022.Hektar REIT'...

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Hektar REIT Sustainability & CSR Initiatives Gets Awarded

indie
4 minutes

KUALA LUMPUR, Aug 18, 2022 - (ACN Newswire via SEAPRWire.com) - Hektar Real Estate Investment Trust (Hektar REIT) has been awarded "Company of the Year" under the "Stakeholder and Community Sustainability Engagement Initiatives" category of the Sustainability & CSR Malaysia Awards 2022 held today at Mandarin Oriental Hotel Kuala Lumpur.Second from Left: Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun and CEO of Hektar Asset Management Johari Shukri bin JamilJohari Shukri bin Jamil, CEO of Hektar Asset ManagementThis award follows the recent 4-star Environmental, Social and Governance (ESG) rating upgrade received by Hektar REIT as a constituent of the FTSE4Good Bursa Malaysia Index (F4GBMI) in the June 2022 evaluation by FTSE Russell.The Sustainability & CSR Malaysia Awards 2022, which was officiated by the Minister of Rural Development, YB Dato' Seri Mahdzir bin Khalid, and represented by the Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun is organised by CSR Malaysia, a publication and social initiative under the auspices of the Malaysian Welfare Society for Corporate Sustainability & Responsibility, whic...

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Hektar REIT’s ESG Commitment Gets Rewarded with a 4-Star Rating

indie
2 minutes

KUALA LUMPUR, Jun 27, 2022 - (ACN Newswire via SEAPRWire.com) - Hektar Real Estate Investment Trust (Hektar REIT) has achieved an upgraded Environmental, Social and Governance (ESG) rating of 4-star on the FTSE4Good Bursa Malaysia Index (F4GBMI) in the latest June 2022 evaluation.Chief Executive Officer of Hektar Asset Management Sdn. Bhd. Johari Shukri bin JamilChief Executive Officer of Hektar Asset Management Sdn. Bhd., En. Johari Shukri bin Jamil said, "We are humbled to have our ESG initiatives recognised and rewarded with such a high rating as this is a great acknowledgement of our commitment to ensuring that our business activities are performed to high standards of environmental, social and governance conduct. We are convinced that the continued integration of sustainability into our strategy will support the ongoing & future success of Hektar REIT - in the interest of all stakeholders.""We embarked on these ESG initiatives in 2017 when we put in place various energy optimisation initiatives for all our malls which have significantly reduced our carbon footprint over the years. We will continue to enhance our efforts in managing material sustainability matters, includin...

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Hektar REIT’s NPI Goes up by 17.8% in 1Q 2022

indie
4 minutes

KUALA LUMPUR, May 23, 2022 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced the first quarter results ended 31 March 2022 (1Q 2022). Hektar REIT recorded revenue of RM29.11 million, an increase of 8.7% compared to the RM26.78 million recorded in the corresponding quarter of the previous year. The higher revenue is attributed to the increase in rental income, car park income and higher hotel occupancy, consistent with other retail and hospitality REITs. The overall retail sentiment for this quarter remained positive as it was supported by the increase in retail sales due to the pent-up demand from last quarter. Hektar REIT's net property income increased 17.9% to RM16.62 million compared with RM14.09 million recorded in 1Q 2021, while realised income for the quarter under review gained 110.7% to RM13.74 million compared with RM5.52 million in 1Q 2021. Earnings per unit rose by 106.6% to 2.92 sen for 1Q 2022 compared with 1.41 sen for 1Q 2021.Subang ParadeDespite the dynamic & challenging environment, the Manager was able to bring in new tenants and secure the existing tenanci...

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Hektar REIT 2021 Performance: Weathering the Challenges

pandora
4 minutes

– Achieved Revenue of RM96.6 million & Net Property Income of RM47 million– DPU of 2.53 sen, up 181%– Signs of recovery weighed by Omicron surge– Stepping up on sustainability measures & 3-star ESG rating by FTSE Russell KUALA LUMPUR, Feb 25, 2022 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”), today announced Hektar REIT’s annual results for the financial year ended 31 December 2021 (“FY2021”) with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year. Property Operating Expenses reduced by RM8.59 million or savings of 14.8% compared to the previous year. Net Property Income (NPI) was reported at RM47.02 million, a decline of 11.2% compared with 2020. FY21 was a challenging year for the retail sector due to the COVID-19 pandemic and implementation of various Movement Control Orders, National Recovery Plan, mobility restrictions & closure of non-essential businesses for an extended period. Despite these challenges to the malls, the REIT managed to attract new & secured existing tenants covering 39.2% of Hektar REIT’s Net Lettable Area (“NLA”) in ...

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Hektar REIT Posts RM19.1 Million Revenue in 3Q

indie
4 minutes

KUALA LUMPUR, Nov 26, 2021 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT") ("Manager"), today announced that for the third quarter ended 30 September 2021 ("3Q 2021"), Hektar REIT recorded revenue of RM19.1 million, which is a decrease of 26.4% compared to the RM26.0 million recorded in the corresponding quarter of the previous year.One of Hektar REIT's neighbourhood malls, Subang Parade, SelangorHektar REIT registered net property income of RM10.3 million for the quarter under review, which decreased 20.1% compared to the RM12.9 million recorded in 3Q 2020, while realised income for 3Q 2021 was 69.0% lower at RM1.4 million compared to the RM4.5 million recorded in 3Q 2020. Earnings per unit stood at 0.30 sen as at 3Q 2021 compared to 0.98 sen in the same quarter of the previous year. The dip in Gross Revenue and NPI compared to the previous year is due to the strict containment measures in early 3Q 2021 due to the implementation of the National Recovery Plan ("NRP"), with states being under Phase 1 for a prolonged period until they met certain criteria to transition to other phases.The prolo...

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Hektar REIT 2Q Revenue up 4.5%

indie
4 minutes

KUALA LUMPUR, Aug 26, 2021 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT"), today announced the second quarter results ended 30 June 2021 ("2Q 2021"). Hektar REIT recorded revenue of RM25.71 million, which is 4.5% higher than the RM24.60 million recorded in the same quarter of the preceding year.Hektar REIT Summary of Financial Results for 2Q21 (unaudited)Net property income meanwhile was RM10.21 million, a decrease of 14.8% compared to the RM11.97 million recorded in 2Q 2020. The reported decline was in line with other retail and hospitality REITs affected by the pandemic due to the implementation of various Movement Control Orders and mobility restrictions. Realized income for 2Q 2021 was 5.2% higher at RM1.58 million compared to the RM1.50 million recorded in 2Q 2020. Earnings per unit ("EPU") of 0.34 sen was recorded for the second quarter.While the operating landscape continues to be challenging for the retail industry due to the prolonged COVID-19 pandemic, Hektar REIT is hopeful that the situation will gradually normalize and consumer sentiment will recover as the high vaccination rate...

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Hektar REIT Posts Rm26.78 Million Revenue in 1Q

indie
3 minutes

KUALA LUMPUR, May 24, 2021 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager for Hektar Real Estate Investment Trust ("Hektar REIT"), today announced the first quarter results ended 31 March 2021 ("1Q 2021"). Hektar REIT recorded revenue of RM26.78 million, which is 12.8% lower than the RM30.71 million recorded in the same quarter of the preceding year. The reported revenue fell mainly due to the rental income, carpark income and lower hotel occupancy, consistent with other retail and hospitality REITs that were affected because of the pandemic outbreak and implementation of mobility restrictions. Net property income of RM14.09 million for the quarter decreased by 10.3% compared to the RM15.71 million recorded in 1Q 2020. Realised income for the quarter was RM6.52 million, which is 7.9% lower than the RM7.08 million recorded in 1Q 2020. Earnings Per Unit ("EPU") of 1.41 sen was recorded for the first quarter.Dato' Hisham bin Othman, Chief Executive Officer of Hektar Asset Management Sdn. Bhd, commented: "The retail front continues to be really challenging due to the rise in COVID-19 infections. Despite most businesses being allowed to operate under...

ACN Newswire
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Hektar REIT 2020 Performance: Resilience in Adversity

indie
5 minutes

KUALA LUMPUR, Feb 25, 2021 - (ACN Newswire) - Hektar Asset Management Sdn. Bhd., the Manager for Hektar Real Estate Investment Trust ("Hektar REIT"; HEKT.KL), today announced Hektar REIT's annual results for Financial Year ended 31 December 2020 ("FY20") with revenue at RM111.1 million, down 18.9% compared to the same period in the preceding year. Property Operating Expenses reduced by RM3.5 million or savings of 5.7% compared to the previous year. Net Property Income (NPI) was reported at RM53.0 million, a decline of 29.8% from 2019. FY20 was a challenging year for the retail sector due to the COVID-19 pandemic and implementation of various mobility restrictions throughout the year, which resulted in a decline in income from rental, carpark and food court.Dato' Hisham bin Othman, CEO of Hektar Asset ManagementFor the fourth quarter ended 31 December 2020 ("4Q 2020"), Hektar REIT posted revenue of RM29.8 million, which is 14.5% lower compared to the same quarter of the preceding year. NPI was RM12.4 million, a decline of 37.3% compared to the corresponding quarter of the previous year. However, when compared to the previous quarter, revenue increased by 14.7%. Despite the challenge...