Focus on wellness centres, industrial properties and educational assets
AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) intends to maintain its focus on acquiring wellness centres, industrial properties and educational assets.
Managing director Tunku Rozita Tunku Abdul Malek emphasised the company’s dedication to expanding its portfolio with top-tier investments.
In alignment with its strategy to enhance portfolio performance, AmanahRaya REIT will be exiting the hospitality sector.
“This move reflects the company’s ongoing efforts to optimise its portfolio by acquiring high-yielding assets while divesting non-core strategic holdings.”
Tunku Rozita said the company prioritised acquisitions that could contribute significantly to its earnings.
“We are prepared to seize attractive opportunities that can drive our earnings growth,” she said after the company’s annual general meeting yesterday.
AmanahRaya REIT’s current portfolio comprises 11 properties, including the 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.
It aims to achieve up to 90 per cent occupancy rate by the financial year ending Dec 31, 2025.
Tunku Rozita said the target reflected AmanahRaya REIT’s commitment to maximising value for unitholders and strengthening its position as a listed REIT on Bursa Malaysia.
She said the increase in occupancy rates for Vista Tower was poised to bolster AmanahRaya REIT’s earnings potential.
“We are in discussions with potential tenants and the outlook is quite promising.
“Being the largest asset within the portfolio, we anticipate that the occupancy rate for Vista Tower will reach 60 per cent by July, up from 35 per cent at the end of financial year 2023.”
Looking ahead, Tunku Rozita said the REIT was confident that the current positive trend would continue.
“The new leases we are securing have tenures ranging from two to three years, which will contribute to our long-term growth strategy,” she said.