For the financial year ended 30 June 2014, the Group recorded RM425.114 million and RM202.867 million of revenue and net property income, respectively representing an increase of 46% and 29% compared to RM292.021 million and RM156.975 million of revenue and net property income, respectively recorded in the preceding financial year ended 30 June 2013.
The increase in revenue and net property income for the financial year ended 30 June 2014 was attributed
mainly to the recognition of revenue generated by the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia for a full financial year since the acquisition on 29 November 2012.
The Group’s profit before tax increased by 249% from RM56.242 million recorded in the preceding
financial year ended 30 June 2013 to RM196.515 million in the current financial year ended 30 June 2014, mainly due to the gain on fair value of investment properties during the current financial year ended 30 June 2014.
Meanwhile, the Group’s income available for distribution for the current financial year ended 30 June 2014 improved by 11% from RM105.183 million to RM117.142 million mainly due to the full financial year profit contribution from the three Marriott properties in Australia.
The combined quarterly distributions for the financial year under review amounted to a total distribution per unit (“DPU”) of 8.4613 sen, translating into a yield of 8.6%, based on YTL REIT’s volume weighted average unit price of RM0.9832 per unit for the financial year ended 30 June 2014.
The current year DPU represents a 14.6% increase over the DPU of 7.3803 sen for the 2013 financial year.
As reported last year, on 14 June 2013, the Manager announced a proposed placement of new units in YTL REIT to raise gross proceeds of up to RM800 million, a proposed increase in YTL REIT’s existing approved fund size from 1.324 billion units to a maximum of 2.125 billion units and a proposed increase in the Trust’s borrowing limit to 60% of its total asset value (collectively referred to as the “Proposals”). On 30 December 2013, Securities Commission Malaysia (“SC”) granted its approval for the listing of and quotation for the placement units on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the proposed increase in fund size.
On 10 January 2014, Bursa Securities subsequently approved the listing of and quotation for up to 800.61 million placement units to be issued pursuant to the proposed placement. The Trust received approval for the Proposals and the proposed subscription of new units of up to RM310 million by YTL Corporation Berhad, an existing major unitholder of the Trust, at the meeting of unitholders held on 11 February 2014. The Trust received approval for a 6-month extension of time until 29 December 2014 to complete the proposed placement and proposed increase in fund size from the SC on 23 May 2014 and from Bursa Securities on 12 June 2014, and these corporate exercises are currently pending implementation.
爱她的高income distribution，另一边又让人担心一旦增加了大量的new units，会冲淡未来的每股盈利，影响了income distribution.
股东大会YTL HOSPITALITY REIT
|Type of Meeting||AGM|
|Indicator||Notice of Meeting|
|Description||Notice of the Second Annual General Meeting|
|Date of Meeting||15/09/2014|
|Venue||Starhill 2, Level 4, JW Marriott Hotel Kuala Lumpur, 183 Jalan Bukit Bintang, 55100 Kuala Lumpur|
Today so far$1.33