AMFIRST (5120) : Stocks With Momentum: AmFIRST Real Estate Investment Trust
AmFIRST Real Estate Investment Trust
AmFIRST, a real estate investment trust (REIT), may appeal to investors seeking stable, above-average yield, especially in current low interest rate environment. The company distributed 7.35 sen per unit in FY March 2014, translating into an attractive yield of 7.5%.
AmFIRST has exposure to the office, retail and hotel sectors in the Klang Valley and Melaka with a total net lettable area of 2.78 million sq ft. The company manages nine properties including Menara AmBank, The Summit Subang USJ and Bangunan AmBank Group. Overall occupancy rate stood at 84.8% as at June 30, 2014, down from 88.1% in the previous quarter. Gearing stood at 35%.
The stock is trading at a 20% discount to its net asset value of RM1.22 per share. Its share price weakness could be due to challenging outlook for the office market, as a result of supply and demand imbalances.
http://www.theedgemarkets.com/
AmFIRST Real Estate Investment Trust
AmFIRST, a real estate investment trust (REIT), may appeal to investors seeking stable, above-average yield, especially in current low interest rate environment. The company distributed 7.35 sen per unit in FY March 2014, translating into an attractive yield of 7.5%.
AmFIRST has exposure to the office, retail and hotel sectors in the Klang Valley and Melaka with a total net lettable area of 2.78 million sq ft. The company manages nine properties including Menara AmBank, The Summit Subang USJ and Bangunan AmBank Group. Overall occupancy rate stood at 84.8% as at June 30, 2014, down from 88.1% in the previous quarter. Gearing stood at 35%.
The stock is trading at a 20% discount to its net asset value of RM1.22 per share. Its share price weakness could be due to challenging outlook for the office market, as a result of supply and demand imbalances.
http://www.theedgemarkets.com/
