Hektar REIT Sustainability & CSR Initiatives Gets Awarded

Hektar Real Estate Investment Trust (Hektar REIT) has been awarded “Company of the Year” under the “Stakeholder and Community Sustainability Engagement Initiatives” category of the Sustainability & CSR Malaysia Awards 2022 held today at Mandarin Oriental Hotel Kuala Lumpur.
This award follows the recent 4-star Environmental, Social and Governance (ESG) rating upgrade received by Hektar REIT as a constituent of the FTSE4Good Bursa Malaysia Index (F4GBMI) in the June 2022 evaluation by FTSE Russell.

The Sustainability & CSR Malaysia Awards 2022, which was officiated by the Minister of Rural Development, YB Dato’ Seri Mahdzir bin Khalid, and represented by the Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun is organised by CSR Malaysia, a publication and social initiative under the auspices of the Malaysian Welfare Society for Corporate Sustainability & Responsibility, which is the national organisation for sustainability in the country. Several nominations were received for the various categories, with awardees judged by a distinguished panel of judges drawn from the media and the Malaysian Welfare Society for Corporate Sustainability & Responsibility.

Chief Executive Officer of Hektar Asset Management Sdn. Bhd. (Hektar Asset Management), En. Johari Shukri bin Jamil said, “We would like to express our utmost appreciation and thank the panel of judges for this award and recognition of our efforts and see this as an encouragement to continue improving ourselves. Hektar REIT’s Asset Under Management consists of five established neighbourhood-focused malls and one regional shopping mall, which play key roles in serving the various stakeholders – i.e., the shoppers, tenants, employees and surrounding community within their respective geographical areas.

During the pandemic, our shopping malls complied stringently with the Government’s directives to provide a safe retail environment for all by upholding strict safety and hygiene protocols. CSR initiatives are close to our heart and we aim to continuously engage with the community by undertaking various initiatives for the underprivileged or vulnerable groups such as those affected by the pandemic as we at Hektar understand & believe that all of us owe a responsibility towards the betterment of our society.”

“Our recent ESG rating on the F4GBMI shows that Sustainability and CSR matters are very much grafted into our corporate culture. Our sustainability framework, which was first set up in 2017, continues to evolve in response not just to legislation but also to wider social and environmental concerns. We learned much, especially during the pandemic, on being resilient and sustainable while responding to the importance of reducing our environmental footprint and increasing our responsibility towards our stakeholders.”

About Hektar Real Estate Investment Trust

Hektar Real Estate Investment Trust (Hektar REIT) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.16 billion as at 31 December 2021. The REIT’s strategic partner is Frasers Centrepoint Trust, part of Frasers Property Ltd, headquartered in Singapore. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of commercial properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.com

For more information or inquiries, please contact:
Investor Communications
Tel: +603 6205 5570
Email: ir@HektarREIT.com






Topic: Press release summary

Hektar Asset Management Appoints New CEO

Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT) is pleased to announce the appointment of En. Johari Shukri bin Jamil, 50, as the Chief Executive Officer (CEO) of Hektar Asset Management effective 11 June 2022.

En. Johari Shukri bin Jamil, CEO of Hektar Asset Management

En. Johari Shukri bin Jamil, CEO of Hektar Asset Management (Link) En. Johari will succeed Dato’ Hisham bin Othman, 60, who has reached mandatory retirement age after helming Hektar Asset Management as CEO since May 2016. The Board would like to extend its appreciation to Dato’ Hisham for his valuable contribution & service and wish him all the best in his future endeavours.

En. Johari who was appointed to the Board of Directors of Hektar REIT as Non Independent Non Executive Director in February 2022 and who is now redesignated as the Executive Director/CEO, brings over 20 years of extensive corporate experience, holding senior leadership positions in various industries, including Real Estate & Industrial Development, Logistics & Engineering.

His expertise in asset management, corporate finance, strategy, operations & managing businesses to achieve the desired results through transformational initiatives is very relevant to the REIT and is expected to be put to good use in leading Hektar REIT to continue its post pandemic recovery and to chart new strategic initiatives. En Johari holds a Bachelor of Science in Chemical Engineering from UTM and a Certificate in Advanced Leadership Program from the Judge Business School of the University of Cambridge.

The Board & the Management looks forward to working with En. Johari to take Hektar REIT to the next phase of growth as we continue our drive to optimise and grow the REIT’s portfolio for stable and sustainable returns to our Unitholders.

About Hektar Real Estate Investment Trust

Hektar Real Estate Investment Trust (Hektar REIT) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.16 billion as at 31 December 2021. The REIT’s strategic partner is Frasers Centrepoint Trust, part of Frasers Property Ltd, headquartered in Singapore. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of commercial properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.com

For more information or inquiries, please contact:
Hektar Asset Management Sdn Bhd
Investor Communications
Tel: +603 6205 5570
Fax: +603 6205 5571
Email: ir@HektarREIT.com
Web: www.HektarREIT.com






Topic: Executive appointment

Hektar REIT Posts Rm26.78 Million Revenue in 1Q

Hektar Asset Management Sdn. Bhd., the Manager for Hektar Real Estate Investment Trust (“Hektar REIT”), today announced the first quarter results ended 31 March 2021 (“1Q 2021”).

Hektar REIT recorded revenue of RM26.78 million, which is 12.8% lower than the RM30.71 million recorded in the same quarter of the preceding year. The reported revenue fell mainly due to the rental income, carpark income and lower hotel occupancy, consistent with other retail and hospitality REITs that were affected because of the pandemic outbreak and implementation of mobility restrictions. Net property income of RM14.09 million for the quarter decreased by 10.3% compared to the RM15.71 million recorded in 1Q 2020. Realised income for the quarter was RM6.52 million, which is 7.9% lower than the RM7.08 million recorded in 1Q 2020. Earnings Per Unit (“EPU”) of 1.41 sen was recorded for the first quarter.

Dato’ Hisham bin Othman, Chief Executive Officer of Hektar Asset Management Sdn. Bhd, commented: “The retail front continues to be really challenging due to the rise in COVID-19 infections. Despite most businesses being allowed to operate under the second movement control order (“MCO”) from mid-January to early March, a combination of movement restrictions and fear of infection has affected visitor footfall in malls.”

“Retail sales growth has also been affected due to the second MCO, with Retail Group Malaysia estimating sales growth of 4.1% for 2021 compared to the earlier estimate of 4.9%. With the rise in COVID-19 cases, the Government published the first list of premises flagged as potential COVID-19 hotspots that were identified through the Hotspots Identification for Dynamic Engagement (“HIDE”) system. Many prominent shopping malls in the Klang Valley, which included Subang Parade, were listed under HIDE and were required to temporarily close for 3 days to undergo sanitisation upon the directive from the Government from 9 May to 11 May 2021. The recent imposition of the third MCO is expected to further affect the retail sales growth with restrictions on no dine-in for F&B outlets and closure of beauty services and entertainment outlets.”

“However, we expect economic recovery to accelerate as consumer sentiment improves over the second half of 2021 as more people get vaccinated. We will continue following the stringent SOPs by the Government and engage with our tenants across the portfolio to help promote their business while ensuring the health and safety of all visitors, tenants and employees remain our top priority”.

About Hektar Real Estate Investment Trust

Hektar Real Estate Investment Trust (“Hektar REIT”) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.2 billion as at 31 December 2020. The REIT’s strategic partner is Frasers Centrepoint Trust, part of Frasers Property Ltd, headquartered in Singapore. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of commercial properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.com

Contact:
Muhammad Hakim
Swan Consultancy
M: +60 12 318- 5410
E: h.juraimi@swanconsultancy.biz


Topic: Press release summary