Fund Information
Item Brief Description
Name of Fund AmFIRST Real Estate Investment Trust
Category of Fund Real Estate Investment Trust
Type of Fund Income and growth
Investment Objective The key objective for AmFIRST REIT is to own and invest in real estate whether directly or indirectly through the ownership of single-purpose companies whose principal assets comprise of real estate and real estate-related assets in order to:-
  • deliver regular and stable distribution to unitholders; and
  • achieve long-term growth in the net asset value per unit.
Investment Strategies The principal strategies are as follows:-
  • Invest in income-producing real estate and real estate-related asset directly and/or indirectly through the ownership of single-purpose companies whose principal assets comprise of real estate;
  • Active asset management;
  • Improve rental rates while maintaining high occupancy rates;
  • Attract new tenants and explore expansion needs of existing tenants;
  • Raise the profile and visibility of properties portfolio through proactive marketing, advertising and promotional efforts;
  • Develop close tenant-landlord relationships to optimize tenant retention;
  • Monitor and minimize property expenses;
  • Enhance the overall portfolio through acquisition of properties that meet the Manager's investment criteria; and
  • Employ prudent capital management strategy via optimizing capital structure with debt and equity financing policies.
Authorized Investments Invest in real estates, single-purpose companies, real estate-related assets, non-real estate-related assets and liquid assets:-
  • At least 50% of AmFIRST REIT's total assets must be invested in real estate and/or single purpose companies at all times; and
  • Investment in non-real estate-related assets and/or liquid assets must not exceed 25% of AmFIRST REIT's total assets.
Borrowing Limit Up to 50% of the total asset value of AmFIRST REIT at the time the borrowings are incurred.
Investors' Profile AmFIRST REIT may appeal to investors with a long term investment horizon seeking sustainable distribution of income and long term capital growth.
Approved Fund Size 686.401.600 units
Distribution Policy Income distributions will be paid on a semi-annual basis (or such other intervals as the Manager shall determine).
The Manager intends to distribute at least 90% of the distributable income for each financial year.
Revaluation Policy The properties will be revalued annually pursuant to Malaysian Financial Reporting Standard ("MFRS") 140 and at least once every three (3) years from the date of last revaluation pursuant to Clause 10.03 of the Guidelines on Real Estate Investment Trust Issued by Securities Commission.
Bursa Securities Stock Code 5120