AmFIRST Real Estate Investment Trust

AmFIRST Real Estate Investment Trust is one of the largest Malaysia-based commercial REIT with exposure to office, retail and hotel sector in the Klang Valley and Cyberjaya. AmFIRST currently manages eight properties, of which three are located within the Kuala Lumpur Golden Triangle area and one each in Petaling Jaya, Kelana Jaya and Subang Jaya and two in Cyberjaya. AmFIRST currently manages over 2.5 million sq ft of real estate space.[1][2]

Corporate information edit

AmFIRST Real Estate Investment Trust Financial Highlights
Year ended/(Quarter Ended) Gross Revenue
(RM)
Property Expenses
(RM)
Profit/(Loss)
after Tax (RM)
Net Income distribution per unit
(cents)
31 March 2008 57,853,430 17,209,000 31,312,615 7.299
31 March 2009  93,080,961 31,788,215  179,070,892   8.75
31 March 2010  98,188,355 34,548,582  76,430,446  9.75
31 March 2011  88,538,863 32,011,135  66,095,627 9.75
31 March 2012  97,979,826 32,099,718  52,192,234  9.31

Properties edit

Property Net Lettable Area Year of Completion Tenure Occupancy Rate
Bangunan AmBank Group 360,166 sf 1987 99 years 100%
Menara AmFIRST 159,001 sf 1994 Freehold 66.70%
AmBank Group Leadership Centre 57,801 sf 1990 Freehold 100%
Menara AmBank 458,187 sf 1997 Freehold 97.14%
Wisma AmFIRST 285,461 sf 2011 99 years 73.53%
The Summit Subang USJ Retail - 599,474 sf

Office - 138,475 sf

Hotel - 286,600 sf

1998 Freehold Retail - 93.73%

Office - 50.10%

Hotel - 100.00%

Prima 9 111,224 sf 2009 Freehold 100%
Prima 10 100,272 sf 2010 Freehold 100%

References edit

  1. ^ "REITs remain resilient".
  2. ^ "Is AmFirst REIT regaining favour?".