AmFirst is a Bursa Malaysia mix-sector REIT that has seen declining occupancy despite a growth in the leasable area.
AmFirst failed in its mission to deliver sustainable long-term income distribution and investment performance:
• The annual dividend had declined from an average of RM 0.09 per unit (2008 to 2010) to an average of RM 0.03 per unit (2020 to 2022).
• The Book Value had grown by a 1.0 % CAGR from 2007 to 2022.
• The average FFO per unit had declined from an averag...