Higher income likely for Hektar-REIT in FY25

Retail property-focused Hektar Real Estate Investment Trust (Hektar-REIT) is expected to see higher revenue and distributional income from the entry of new tenants to several malls under its portfolio for the financial year ending Dec 31, 2025 (FY25).

“We expect the overall weighted average occupancy rate of Hektar malls to increase from 85.6% in the third quarter of financial year 2024 (3Q24) to 88.2% in 4Q24 and 91.1% in 1Q25 driven by the entry of new tenants,” AmInvestment Bank Research said.

It added that the REIT has completed the first phase of its asset enhancement initiatives (AEI) with replacement of lifts and escalators as well as new tenants secured for 4Q24 in Subang Parade.

The research house maintained a “buy” call on the stock but revised the target price slightly lower to 85 sen per unit from 86 sen to reflect the delayed start of a new anchor to one of Hektar-REIT’s six malls.

“We expect an improvement in the unit price from rise in occupancy rates of existing shopping malls with new tenants secured,” it said.

Hektar-REIT’s acquisition of its first ever education asset, Kolej Yayasan Saad, would start to contribute to gross revenue with a steady yearly rental reversion rate of 2.5% throughout the lease period of 30 years.

“With the second phase of the AEI underway for Subang Parade, new tenants secured recently would raise the mall’s occupancy rate to 85.1% in 4Q24 from 77.5% in 3Q24, while two mini anchor tenants expected to start operations in 1Q25 would raise the mall’s occupancy rate to 86.5%.

“We expect the rental from these new tenants to increase Hektar-REIT’s revenue in FY25,” it said.

As for Hektar-REIT’s mall property, Central Square in Sungai Petani in Kedah, the research house expects an uplift in gross revenue from 1Q25 from rental from two anchor tenants, which would occupy a combined net lettable area of up to 45,000 sq ft, raising the occupancy rate to 89.9% by 1Q25 from 75.4% in 3Q24.

“Expect improvements in the rental yield and occupancy rate for Segamat Central due to the ongoing reconfigurations of lower ground floor space, tenant remixing initiatives and a new anchor tenant entry,” it said.

Hektar-REIT’s reconfiguration strategy involves subdividing floor space from a large anchor tenant into smaller lots to boost rental yields with a higher rent per sq ft.

To create a more diverse tenant mix aligning to consumer preference, Hektar-REIT has plans to introduce more food and beverage outlets and lifestyle stores to Segamat Central, with a new anchor tenant to begin operations in 1Q25, bringing the occupancy rate to 81.4% from 72.4% in 3Q24.

https://www.thestar.com.my/business/business-news/2024/12/20/higher-income-likely-for-hektar-reit-in-fy25

Semiconductor market sentiment is recovering. I don't think the worst is happening.

Malaysian real estate investment trusts (REITs) may get a boost from another rate cut by the US Fed next week

Then you weren't not at condo, cbkia4896 because Coroza's highest price was at 62.5 cent

Net property income of Hektar will grow in Q4 for sure

Hoot9e 😁

Average occupancy rate of malls is expected to improve in 4QFY24 with new tenants secured, especially at Mahkota Parade

Q3 results were amazing. Can see why the directors keep on buying 🤗

Hektar REIT trading at a big discount! With it being 48% below the FY25 NAV, it's definitely worth looking into for a long-term buy. High potential for upside!

Still haven't reached 13 cents yet

wow, nice, Hektar REIT receives prestigious ESG award recognition in outstanding ESG performance and dividend return category in 2024

Gonna break 0.20 tomorrow

Soon KGW will adopt AI as well, hehe 😃

https://www.malaymail.com/news/malaysia/2024/10/09/adopt-ev-and-ai-to-enhance-customer-service-minister-fahmi-urges-delivery-and-logistic-firms/153043

Finally fall throu RM1 ... But still far away from Michelle's TP. ha

Eyeing an upside movement as the counter will climbed above 20 sen

Greedy when others are fearful 😁

Rate cuts are good for REITs too. Collect this HEKTAR while the price is super cheap

Need to be positive when the share price is low. ha

This company's logistics services will certainly continue to grow

Malaysia's trade grew 18.6% in August, with exports up 12%

https://www.nst.com.my/business/economy/2024/09/1107686/malaysias-trade-grew-186pct-august-exports-12pct

Got power, just lack of it

It will gain momentum and surge to 30 cents again in due course. Believe in KGW

Uptrend movement begins

Collect and wait for the next rally 📈

It will take time to recover. Let's see after FED cuts down the rate ...

The conflict in the Red Sea continues, and shipping prices remain high

https://theedgemalaysia.com/node/725217

I can tell you bought above RM1.30, Glifindol 😆

Hot money / smart money will flow to this logistic company from the banking sector

Actually it's time to buy tech stocks when they are retracing

The indicators see strong upside potential with short term resistance at RM0.225 level and mid-term resistance level at RM0.260 level. Fundamentally, KGW Group will be driven by elevated sea freight rates globally, should deliver good profits in the coming quarters

Net loss reduced to RM394 k, next quarter will turn profit

The market has been very volatile recently. Hold tight, guys

upcoming QR mostly good one

btw, the local eCommerce gross merchandise volume is expected to grow at a compound annual growth rate of 7% from 2023 to 2027, with size reaching RM1.9 trillion by 2027 from RM1.4 trillion in 2023

The logistics sector is expected to perform better riding on the eCommerce boom. This is one of the reasons why Knight Frank has a positive view on Malaysia’s logistics industry

Doesn't show any sign of it going down to 40 sen and below ..

It is touching the big wall today 😁 Retrace a bit after that ...

by the way, Coraza sees upswing in demand for chips
https://www.thestar.com.my/business/business-news/2024/08/12/coraza-sees-upswing-in-demand-for-chips

That one I agree, newbie8080

This counter will challenge the 28 cents resistance level, supported by the strong EMA trend

It is moving up today. Dnt worry

I asked the crystal ball and it said the market will rebound tomorrow 😁

Will Coraza become more lazat tomorrow ?

KGW shows an upward trend in early August

Coraza's share price is sangat lazat now 😁

You too, necessity, all the best and prosperity ahead 😊
Btw, I like your investment perspective

Logistic wave is still happening. tak ada sink

Smart move, necessity. Enter when there's a retracement ,rather than chasing it higher afterwards

I bet Coraza will turn green in Q2

KLCI is green today and so as KGW