About Sunway REIT
Sunway Real Estate Investment Trust (Sunway REIT) has a diverse portfolio and is one of the largest retail-focused1 real estate investment trusts (REITs) in Malaysia that is strategically located across award-winning integrated townships in key locations within Klang Valley, Penang and Perak.
Sunway REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 8 July 2010 with an initial market capitalisation of RM2.4 billion. The market capitalisation of Sunway REIT stood at RM5.2 billion as at 30 June 2017. Sunway REIT is a component of the FTSE Bursa Malaysia Mid 70 Index, FTSE4 Good Bursa Malaysia Index, FTSE EPRA/NAREIT Global REIT Index, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Asia ex Japan Index, FTSE EPRA/NAREIT Asia Pacific Index, FTSE EPRA/NAREIT Emerging REIT Index and MSCI Malaysia Small Cap Index.
With an initial portfolio of 8 assets, Sunway REIT has grown to 16 assets comprising 4 retail malls, 6 hotels, 4 offices, a medical centre and an industrial property. The property value has grown by 106% from the initial RM3.46 billion to RM7.13 billion as at 28 February 2018.
The Sponsor, Sunway Berhad (Sunway), is an established and reputable conglomerate group with a market capitalisation of RM8.9 billion as at 30 June 2017. Sunway has recently been reclassified from the Property sector to the Trading/Services sector on the Main Market of Bursa Malaysia. The reclassification better reflects Sunway’s strength as a conglomerate with diverse yet complementary businesses that are mostly in leadership position in their respective sectors.
Sunway REIT’s assets are primarily located in Sunway City, Selangor, Malaysia’s first Green Building Index (GBI) certified sustainable integrated township master-planned and developed by the Sponsor. The assets located in Sunway City are Sunway Pyramid Shopping Mall, Sunway Resort Hotel & Spa, Sunway Pyramid Hotel (formerly known as Sunway Pyramid Hotel East), Menara Sunway and Sunway Medical Centre. The success of Sunway City is replicated in Sunway City Ipoh, Perak; the first integrated township in Southeast Asia with five FIABCI accolades, where SunCity Ipoh Hypermarket is located. On the mainland of Penang, Sunway REIT owns Sunway Carnival Shopping Mall and Sunway Hotel Seberang Jaya. In FY2015, Sunway REIT added two assets into the portfolio, namely Wisma Sunway in Shah Alam, Selangor and Sunway Hotel Georgetown, marking our maiden foray into the Penang Island.
Sunway REIT owns four properties in Kuala Lumpur, namely, Sunway Tower and the remaining three which constitute part of the 3-in-1 integrated development, Sunway Putra, consisting of Sunway Putra Mall, Sunway Putra Hotel and Sunway Putra Tower.
In FY2017, Sunway REIT made its maiden foray with the acquisition of an industrial property, Sunway REIT Industrial – Shah Alam 1 in Section 23, Shah Alam, Selangor, which is a prime industrial hub that is predominantly occupied by established multinational logistics and manufacturing companies.
Sunway REIT’s key investment objective is to provide unitholders with exposure to a diverse portfolio of authorised investments that will provide stable cash distributions with the potential for sustainable growth in net asset value per unit.
1 Retail-focused is defined as at least 60% contribution from the retail assets to property value, revenue or net property income
2 Including Sunway REIT Industrial – Shah Alam 1 acquisition which was completed on 1 August 2017. Financial results for the financial year ended 30 June 2017 exclude Sunway REIT Industrial – Shah Alam 1
Initial Public Offerings
Initial assets portfolio of 8 assets
Property Appraised Value: RM3.73bn
Acquisition of Sunway Putra for RM514million
Property Appraised Value: RM4.30bn
Acquisition of Sunway Medical Centre for RM310million
Property Appraised Value: RM4.96bn
Equity fund raising amounted to approximately RM320 million to find the acquisition of Sunway Medical Centre and to defray related expenses.
Acquisition of Sunway Hotel Georgetown and Wisma Sunway for RM134million
Property Appraised Value: RM5.69bn
- Inclusion in the FTSE4Good Bursa Malaysia Index
- Acquisition of 3.3 acres of commercial land in Seberang Jaya for RM17.2 million as part of the expansion of Sunway Carnival Shopping Mall
Property Appraised Value: RM6.43bn
Property Appraised Value: RM6.79bn
Property Appraised Value: RM7.13bn