AmanahRaya Real Estate Investment Trust (REIT) has completed its strategic acquisition of a private education asset in Glenmarie, Shah Alam for RM31.4 million
Arreit next resistance at 0.40, The newly-acquired freehold property is currently leased to Tinta Pendidikan Sdn. Bhd, an education provider offering preschool, primary and secondary education.
The real estate investment trust (REIT) segment, which has been performing commendably this year, is expected to maintain its steady momentum into 2025 !
At just RM0.39 per share currently, ARREIT is trading at a massive discount to its NTA value of RM1.27. That’s is nearly 70% undervalued & make it as one of the best deals among REITs right now
the divestment of Holiday Villa Alor Star for RM35.9 million will free up cash flow for higher-yielding investments and reduce gearing, making ARREIT leaner and more agile 😉
ARREIT portfolio’s average occupancy rate, currently at 75%, is expected to rise to 80% by Q4 FY2024, supported by new tenant commitments at Menara Vista and Dana 13
Selayang Mall benefited from active marketing efforts, attracting 10 new tenants, bringing the total to 173 tenants in 2024 (compared to 163 in 2023).
These additions, along with lease renewals and committed rental increases from 41 existing tenants, contributed an extra RM0.09 million in monthly rental income, alongside higher income from parking rentals
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
100Mark
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Posted by 100Mark > 2024-09-30 14:56 | Report Abuse
REITs are sensitive to interest rates. Thereby, low interest rates boost borrowing capacity, aiding growth