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    YTLREIT   MYL5109TO002

YTL HOSPITALITY REIT

(YTLREIT)
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YTL Hospitality REIT : Registers 2nd Quarter Revenue of RM79 Million & Distributable Income of RM17 Million Distribution of 1.8105 Sen per Unit Declared

02/24/2021 | 06:00pm EST

Kuala Lumpur, Thursday 25 February 2021

YTL Hospitality REIT recorded revenue of RM78.8 million for the current quarter ended 31 December 2020 compared to RM79.0 million for the previous quarter ended 30 September 2020. Net property income (NPI) stood at RM49.1 million in the current quarter under review over RM53.0 million for the previous quarter, whilst income available for distribution increased to RM17.4 million for the 3 months ended 31 December 2020 compared to RM16.8 million for the previous quarter.

Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, KBE, CBE, FICE, Executive Chairman of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, said, 'In the Trust's hotel segment, revenue recorded from the Australian portfolio this quarter remained consistent with last quarter mainly due to participation of the Trust's hotels in the Australian Government's isolation programmes. However, the Australian portfolio incurred a decrease in NPI due to the cessation of government subsidies received by the Brisbane Marriott from October 2020.

'Meanwhile, in the property rental segment, revenue and NPI from the Malaysian and Japanese Properties remained at similar levels as compared the previous financial quarter.'

The Board of Directors of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, declared an interim distribution of 1.8105 sen per unit for the 6 months from 1 July 2020 to 31 December 2020, the book closure and payment dates for which are 11 March 2021 and 31 March 2021, respectively. The total income distribution amounts to RM30.9 million, representing approximately 90% of the total distributable income for the financial period ended 31 December 2020.

Disclaimer

YTL Hospitality REIT published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 01:57:09 UTC.


ę Publicnow 2021
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Financials
Sales 2022 396 M 93,5 M 93,5 M
Net income 2022 85,1 M 20,1 M 20,1 M
Net Debt 2022 1 975 M 466 M 466 M
P/E ratio 2022 -
Yield 2022 4,28%
Capitalization 1 525 M 359 M 360 M
EV / Sales 2022 8,83x
EV / Sales 2023 7,48x
Nbr of Employees -
Free-Float 29,3%
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 0,90 MYR
Average target price 0,99 MYR
Spread / Average Target 10,2%
Managers and Directors
Seok Kah Yeoh Chief Executive Officer & Director
Sock Ping Yeoh Executive Chairman
Ahmad Fuaad bin Mohamad Dahalan Independent Non-Executive Director
Guan Cheong Tan Independent Non-Executive Director
Zainal Abdin bin Ahmad Independent Non-Executive Director