Financial_Results_Q2FY2011_20110128

Financial_Results_Q2FY2011_20110128 - Q2 FY2011 FINANCIAL...

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1 SUMMARY FINANCIAL RESULTS Q2 2011 Q1 2011 Q2 2011 Actual Actual Change Forecast Change (Unaudited) RM'000 RM'000 % RM'000 % Gross revenue 85,333 72,445 17.8 83,665 2.0 Net property income (NPI) 62,836 55,213 13.8 62,095 1.2 Provision for income distribution 1 46,941 40,564 15.7 45,611 2.9 Distribution per unit (DPU) (sen) 1.75 1.51 15.9 1.70 2.9 Annualised distribution yield: 6.53% (calculated based on closing market price on 30 December 2010 of RM1.03) Portfolio rental renewal of 16% Total return 14.51 sen or 16.12% based on IPO institutional price of RM0.90. Q2 FY2011 FINANCIAL RESULTS MEDIA RELEASE 28 January 2011 Sunway REIT achieves double digit growth in Q2 Key highlights: Exceed profit forecast; Double digit rental renewal; Double digit quarter on quarter growth. Sunway Real Estate Investment Trust (Sunway REIT) will be paying 1.75 sen per unit to all unitholders for the period from 1 October 2010 to 31 December 2010, which is 15.9% more than what they received in the previous quarter. The distribution per unit for this quarter also exceeded the forecast provided in the prospectus of Sunway REIT dated 15
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2 June 2010 by 2.9%. Total income for distribution for the said period amounts to RM46.9 million from realised net profit of RM44.7 million or 105% payout ratio. Investors who are unitholders of Sunway REIT on 26 January 2011 can expect to receive their payment after 14 March 2011. Dato’ Jeffrey Ng, CEO of Sunway REIT Management Sdn. Bhd., said “The strong
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Financial_Results_Q2FY2011_20110128 - Q2 FY2011 FINANCIAL...

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