Focus
Neighbourhood and regional shopping centres throughout Malaysia with the objective of providing Malaysian consumers with conducive retail environments based on international best practices.
Neighbourhood and regional shopping centres throughout Malaysia with the objective of providing Malaysian consumers with conducive retail environments based on international best practices.
The REIT’s strategy is to focus on retail assets in underserved markets across Malaysia, to create lifestyle places where people love to shop, dine and play.
Goals
- To form a solid and defensible portfolio to create stable and sustainable value to its Stakeholders
- To pay attractive Distribution Per Unit (“DPU”) relative to the market
Portfolio optimisation
Providing Sustainable Returns and Income Defensibility of portfolios by:
- Active Leasing: Aligning the tenancy mix to the needs of the target shoppers
- Marketing: Strategic promotion and marketing to attract visitor traffic and improve tenant sales
- Value Creation Initiatives: Asset enhancement and refurbishment designed to improve long-term yields
Yield-accretive acquisitions
Enhancing the Long-Term Value and Growth of Hektar REIT by systematic and diligent efforts in acquisition of:
- Stabilised Properties: Assets with sustainable cash flow, requiring selective optimisation initiatives
- Turnaround Properties: Assets with solid fundamentals which are underserving their current market, requiring intensive value creation initiatives to ‘turnaround’ the property, increasing yields in the medium to long term
Capital management
Optimising the capital structure to fund acquisitions and asset enhancements through a combination of debt and equity within a flexible framework to provide a low cost of capital by:
- Implementing initiatives to reduce borrowing costs
- Undertaking initiatives to diversify sources of debt funding
- Maintaining a reasonable level of debt service capability