AME Real Estate Investment Trust is proposing a 100% distribution of distributable income for the period from its listing on 20 September 2022 until 31 December 2022, based on a distributable income of RM10.289 million for the period.
The group’s maiden DPU amounts to 1.975 sen which is payable on 30 March 2023 to unitholders whose names appear in the Record of Depositors of AME REIT at the close of business on 8 March 2023.
For the financial period from 20 September 2022 to 31 December 2022, AME REIT recorded net property income (NPI) of RM11.318 million on revenue of RM12.100 million.
Whereas for the third quarter ended 31 December 2022, AME REIT reported NPI of RM10.097 million on revenue of RM10.792 million. There is no comparison with the preceding quarter and period as AME REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 20 September 2022.
AME REIT’s current portfolio of 34 properties comprises of 31 industrial properties and three industrial-related worker dormitories all of which are fully occupied as at 31 December 2022. In December 2022, AME REIT proposed to acquire three industrial properties in i-Park @ Indahpura in Kulai and i-Park @ Senai Airport City in Senai for RM69.250 million, which is subject to unitholders’ approval at an Extraordinary General Meeting on 27 February 2023.
Chan Wai Leo, CEO and Executive Director of I REIT Managers Sdn Bhd, the management company of AME REIT, said that the 100% distribution of distributable income reflected AME REIT’s appreciation of unitholders, while it also continued to pursue growth opportunities.
