Sunway REIT's Q3 Profits Held Up At RM89 Million
Sunway REIT's Q3 Profits Held Up At RM89 Million
The Hotel segment's revenue increased 5% to RM29.2 million in Q3 2024, from RM27.9 million in Q3 2023, supported by an improved occupancy rate of 65% in YTD Q3 2024 compared to 63% in YTD Q3 2023. The NPI similarly grew 5% to RM28.1 million in Q3 2024, from RM26.9 million in Q3 2023. The positive trend it said was largely driven by a notable increase in foreign tourist arrivals across all hotels, particularly at our properties in Penang and Kuala Lumpur, including Sunway
Sunway REIT Management released its financial results for the third quarter ended 30 September 2024 recording a revenue expansion of 9.3% to RM192.1 million from RM175.8 million in Q3 2023. NPI edged up 5.5% from RM136.8 million to RM144.3 million in Q3 2024. Profit for the quarter decreased from RM91 million recorded in Q3FY23 to RM89 million.
信威房地产投资信托管理公司发布了截至2024年9月30日的第三季度财务业绩，收入从2023年第三季度的17580万令吉增长了9.3％，至19210万令吉。2024年第三季度，NPI从13680万令吉小幅上涨5.5％至14430万令吉。该季度的利润从 Q3FY23 记录的9100万令吉下降至8900万令吉。
For YTD Q3 2024, Sunway REIT recorded an improved revenue of RM546.3 million and NPI of RM404.2 million, primarily driven by robust performance from retail and hotel segments, along with resilient performance from the other segments.
截至2024年第三季度，信威房地产投资信托基金收入增长了54630万令吉，净资产净值达到40420万令吉，这主要是由零售和酒店板块的强劲表现以及其他板块的弹性表现所推动的。
In Q3 2024, the Retail segment continued its strong growth momentum with revenue surging 17% to RM130.6 million, from RM111.8 million in Q3 2023. This was primarily attributed to the full-quarter rental contributions from the six hypermarkets commencing on 30 April 2024. Accordingly, the Retail segment's NPI soared 12% to RM91.8 million, from RM81.8 million in Q3 2023. The Retail segment's positive trajectory is expected to continue in the coming quarters, supported by the new opening of Oasis wing at Sunway Pyramid Mall on 1st November 2024 and the new rental contribution from Sunway 163 Mall commencing 9 th October 2024.
在2024年第三季度，零售板块继续保持强劲的增长势头，收入从2023年第三季度的11180万令吉激增了17％，至13060万令吉。这主要归因于六家大卖场自2024年4月30日起的全年租金缴款。因此，零售板块的NPI从2023年第三季度的8180万令吉飙升了12％，至9180万令吉。零售板块的积极走势预计将在未来几个季度持续下去，这得益于2024年11月1日双威金字塔购物中心的绿洲翼新开业以及双威163购物中心从2024年10月9日开始的新租金捐款。
The Hotel segment's revenue increased 5% to RM29.2 million in Q3 2024, from RM27.9 million in Q3 2023, supported by an improved occupancy rate of 65% in YTD Q3 2024 compared to 63% in YTD Q3 2023. The NPI similarly grew 5% to RM28.1 million in Q3 2024, from RM26.9 million in Q3 2023. The positive trend it said was largely driven by a notable increase in foreign tourist arrivals across all hotels, particularly at our properties in Penang and Kuala Lumpur, including Sunway
Hotel Seberang Jaya, Sunway Hotel Georgetown and Sunway Putra Hotel, which have all achieved pre-pandemic levels of foreign tourist arrivals.
酒店板块的收入从2023年第三季度的2790万令吉增长了5％，至2024年第三季度的2920万令吉，这得益于2024年第三季度年初至今的入住率提高了65％，而2023年第三季度迄今为止的入住率为63％。NPI同样从2023年第三季度的2690万令吉增长了5％，至2024年第三季度的2810万令吉。它说，这一积极趋势主要是由所有酒店的外国游客人数显著增加所推动的，尤其是我们在槟城和吉隆坡的物业，包括双威酒店
Seberang Jaya酒店、乔治敦双威酒店和双威布特拉酒店，这些酒店的外国游客入境人数均已达到疫情前的水平。
The Chief Executive Officer of Sunway REIT Management Sdn Bhd, Clement Chen, remarked "We are delighted to announce that Sunway REIT achieved a property portfolio of more than RM10.0 billion following the acquisition of two new assets with a combined value of RM282 million in October 2024. The first acquisition, completed on 9 th October, is the freehold Mont Kiara
shopping mall, now rebranded as "Sunway 163 Mall", for a purchase consideration of RM215 million.
信威房地产投资信托管理私人有限公司首席执行官克莱门特·陈表示：“我们很高兴地宣布，在2024年10月收购了两项总价值为28200万令吉的新资产后，信威房地产投资信托基金实现了超过100令吉的房地产投资组合。第一笔收购于10月9日完成，是永久产权的Mont Kiara
购物中心，现更名为 “双威163购物中心”，购买对价为21500万令吉。
The CEO said the strategic acquisitions are yield-accretive, offering initial yields of more than 7.0% and are expected to strengthen Sunway REIT's performance and distribution per unit in the upcoming quarters.
首席执行官表示，战略收购提高了收益率，初始收益率超过7.0％，预计将在未来几个季度加强Sunway REIT的业绩和单位分配。
