News

AmanahRaya REIT Re-Aligns Its Portfolio Whilst Seeing Occupancy Rate Turnaround For Vista Tower

AmanahRaya Real Estate Investment Trust (“AmanahRaya REIT”) targets to achieve at least 90% of its portfolio occupancy rate by the financial year ending 31 December 2025 (FY2025). 

At the Annual General Meeting today, AmanahRaya REIT’s Managing Director, YM Tunku Rozita said that the ambitious target reflects AmanahRaya REIT’s commitment to maximising value for unitholders and strengthening its position as a listed REIT on Bursa Malaysia. 

The increase in occupancy rates for Vista Tower is poised to significantly bolster the earnings potential for AmanahRaya REIT.

YM Tunku Rozita in her remarks, said ‘We aim to achieve at least 90% occupancy rates for the Fund’s portfolio by the financial year ending 2025. Currently, we are in active discussions with numerous potential tenants, and the outlook is quite promising. Being the largest asset within the portfolio, we anticipate that the occupancy rate for Vista Tower to reach 60% by July 2024, up from 35% at the end of FY2023, primarily due to the influx of new tenants.’

‘Looking ahead, we are confident that this positive trend will continue throughout FY2024, with the potential to reach at least 70% occupancy rates. The new leases we are securing have tenures ranging from 2 to 3 years, providing stability, and contributing to our long-term growth strategy,’ she added.

AmanahRaya REIT’s current portfolio comprises 11 properties, including the educational assets of SEGi University Kota Damansara, SEGi College Subang Jaya and Help University campuses. The portfolio also encompasses a variety of properties in the industrial, retail, and hospitality sectors. 

Moving forward, AmanahRaya REIT has announced its strategic decision to fully divest from the hospitality sector, aligning with its ongoing initiative to optimise the portfolio by acquiring high-yielding assets and divesting non-core strategic assets. 

YM Tunku Rozita, commenting on growth strategy, emphasised, ‘We remain focused on enhancing our portfolio with good quality assets. While evaluating numerous proposals, our priority is to ensure that any acquisition contributes significantly to our earnings and overall yield. 

Our focus will primarily be on educational assets, industrial properties, particularly in logistics, and wellness facilities. We are prepared to seize attractive opportunities that can drive our earnings growth.’

Adib Mohd

Recent Posts

TV Sarawak Is Leveling Up, From Kuching to the World with Spotlight 25/26

Since its debut in 2020, TV Sarawak (TVS) has been rewriting what it means to… Read More

1 day ago

Skechers Steps Up the Game with New Basketball Collection

Skechers, The Comfort Technology Company™ and a global leader in lifestyle and performance footwear, has… Read More

1 day ago

LexisNexis Brings AI Legal Sidekick to Malaysia with Protégé

Move over Suits, the future of law just got an AI upgrade. LexisNexis has officially… Read More

1 day ago

BJAK Turns Insurance Renewals into Rewards with RM100,000 Mega Giveaway This 10.10

Renewing insurance and road tax is often a last-minute hassle, but BJAK, Malaysia’s largest online… Read More

1 day ago

SHANTEA Dessert Opens First Outlet at Mid Valley, Serving Malaysian Culture Through Sweet Creations Ahead of Visit Malaysia 2026

Malaysian flavors stepped into the spotlight today as SHANTEA Dessert officially opened its first outlet… Read More

1 day ago

Energea Powers Up Malaysia with Bold Tangerine Collection and Next-Gen Hybrid-Solid State Powerbank

Energea, the lifestyle-driven power solutions and tech accessories brand, has officially introduced two groundbreaking innovations:… Read More

2 days ago

This website uses cookies.