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Malaysia
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Hektar Real Estate Investment Trust

Main Activities: Funds, Trusts, and Other Financial Vehicles - Real Estate

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Company Information

Full name
Hektar Real Estate Investment Trust

Headquarters
D1-U3-10, Solaris Dutamas, No. 1, Jalan Dutamas 1; Kuala Lumpur; Wilayah Persekutuan; 50480
Legal Address
419 Block A, Kelana Business Centre, 97 Jalan SS 7/2, Kelana Jaya; Petaling Jaya; Selangor; 47301
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : MYL5121TO007
Financial Auditors: Shamsir Jasani Grant Thromton (2009)
Incorporation Date: October 5, 2006

Tel: (60 3) 62055570

Company Description

The principal activity of Hektar REIT is to invest primarily in shopping centres with the objective of achieving an attractive level of return from rental income as well as for long-term capital growth. Hektar Real Estate Investment Trust (HEKTAR) was formed to acquire and invest in income producing real estate in Malaysia that is primarily of a shopping mall nature with a view to provide unitholders with stable distribution of income and potential capital growth. HEKTAR owns and manages Subang
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 5.18%, from MYR 70,638 thousands to MYR 74,298 thousands. Operating result increased from MYR 38,183 thousands to MYR 39,879 thousands which means 4.44% change. The results of the period decreased -0.04% reaching MYR 28,950 thousands at the end of the period against MYR 28,961 thousands last year. Return on equity (Net income/Total equity) went from 6.81% to 6.17%, the Return On Asset (Net income / Total Asset) went from 3.62% to 3.21% and the Net Profit Margin (Net Income/Net Sales) went from 41.00% to 38.96% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 91.82% compared to 87.91% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.21 to 0.40 when compared to the previous year.

Key Executives

Jaafar Bin Abdul Hamid Chairman
Jaafar Bin Abdul Hamid Chief Executive Officer
Zalila Binti Mohd Toon Executive Director
Git Hooi, Robert Lim Independent Non Executive Director (Company)
Shahril Bin Kassim Non-Executive Director
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Balance Sheet

Total Assets

1,066,267

900,692

Current Assets

32,691

74,523

Total Liabilities

469,603

431,149

Shareholders Equity

596,664

469,543

Current Liabilities

183,503

187,048

* All the accounts are in MYR.
Income Statement

Total Operating Revenue

122,081

74,298

Operational Profit (Loss)

74,208

39,879

Net Profit (Loss)

58,469

28,950

* All the accounts are in MYR.
Ratios
Profitability Ratios

Return on Assets (ROA)

5.48%

3.21%

Annualised Return on Assets (ROA)

5.48%

4.28%

Return on Equity (ROE)

9.8%

6.17%

Annualised Return on Equity (ROE)

9.8%

8.23%

Return on Sales (ROS)

56.64%

39.03%

Return on Capital

6.62%

4.06%

Gross Profit Margin

100%

100%

Operating Profit Margin

61.48%

61.44%

Efficiency Ratios

Accounts Receivable Turnover

30.97x

24.82x

Current asset turnover

3.16x

1.00x

Fixed-asset turnover

0.10x

0.09x

Asset Turnover

0.10x

0.08x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

82,311

45,700

EBITDA

82,311

45,700

Enterprise value

409,973

376,088

Enterprise Value / EBITDA

4.98

8.23

Bookvalue (BV)

630,167

506,591

Net Cash

-157,376

-169,035

Liquidity Ratios

Current Ratio

17.81%

39.84%

Quick ratio

17.81%

39.84%

Doom's day ratio

14.24%

9.63%

Leverage Ratios

Leverage ratio

178.7%

191.82%

Interest Coverage Ratio

517.32%

413.43%

Debt to equity

78.7%

91.82%

Debt to total assets

44.04%

47.87%

Long Term Debt to Capital

40.19%

42.66%

Debt / Enterprise Value

106.37%

104.79%

Trend Ratios

Revenue Trend

108.8%

105.02%

Net Income Trend

67.48%

99.96%

Operating Income Trend

77.74%

105.9%