Fund name	Hektar Real Estate Investment Trust (HEKTAR)
Fund Category	Real Estate Investment Trust
Fund type	Income and Growth
Fund Duration	On the occurrence of any of events listed in Clause 16.2 of the Amended and Restated Trust Deed dated 8 February 2021.
Investment objectives	To invest in income-producing real estate in Malaysia which is primarily used for retail purposes and to provide the Unitholders with a secure income distribution and to enhance the long-term value of the Fund.
Investment strategies	We aim to achieve the objective of the Fund with the following: Invest and manage real estate assets predominantly involved in retail and/or shopping centres; Acquire and manage future assets which are income-producing properties or possess significant potential for income growth; Focus on investing under a long-term investment horizon; Manage and continue to extract synergies and efficiencies from the existing portfolio; and Finance operations and investments under a conservative conducive capital structure.
Authorised investments	At least 75% of the total assets of Hektar REIT shall be invested in real estate assets, real estate-related assets, single purpose companies or liquid asset.
Approved fund size	581,415,073 Units as at 31 December 2023
Financial year	1 January 2023 - 31 December 2023
Distribution policy	Semi-annual basis for each six-month period ending 30 June and 31 December each year, unless otherwise determined and/or varied by the Manager at its sole discretion, at least 90% of the distributable income of Hektar REIT.
Borrowing limitations	Up to 50% of total gross asset value of the Fund at the time the borrowings are incurred.
Revaluation policy	The real estates shall be revalued at least once a financial year based on an independent professional valuation pursuant to the SC REIT Guidelines.
Management fee	Base Fee: up to 1.0% per annum of the GAV (FY 2022 actual: 0.35%) Performance Fee: up to 5.0% per annum of the NPI (FY 2023 actual: 5.0%), before management fee Acquisition Fee: up to 1.0% of the acquisition value of any asset being real estate, purchased by the Trustee for the Fund Divestment Fee: up to 0.5% of the disposal value of any Hektar REIT’s assets being real estate or unlisted company whose principal assets are real estate, sold or diversified by the Trustee
Trustee fee	Up to 0.1% per annum of the NAV of the Fund payable annually in arrears (FY 2023 actual: 0.07%)
Minimum investment	100 units per board lot
Stock Code	HEKTAR 5121
Date of Listing	4 December 2006