The principal investment policy of IOIPG REIT is to invest, both directly and indirectly, in a diversified portfolio of income-producing real estate assets located in Malaysia, used for retail, commercial, office, industrial and hospitality purposes, as well as such other non-real estate assets as may be permissible under the Securities Commission Malaysia's REIT Guidelines.
To provide Unitholders with regular and stable distributions to achieve long-term growth in net asset value per unit, through proactive asset management, strategic asset enhancement initiatives, and disciplined capital management, whilst balancing stakeholders' needs.
For the first 5 years after the Listing, the Manager intends to achieve the investment objectives through the implementation of the following strategies
The Manager will seek organic growth of its property portfolio, by working closely with the Property Manager and the Hotel Manager, to maintain high occupancy rates and optimise room rates, with a view to achieve stable and sustainable growth in net property income.
The Manager intends to grow IOIPG REIT's property portfolio through the acquisition of properties in Malaysia, including from third-party vendors and the IOIPG Group, with a focus on assets that offer long-term capital appreciation potential in urban and suburban locations.
The Manager aims to optimise IOIPG REIT's capital structure and cost of capital within the financing limits set out in the REIT Guidelines, and intends to use a combination of debt and equity financing to fund future acquisitions and capital expenditure.
The Authorised Investments of IOIPG REIT are as follows:
The Deed provides that the Manager shall, for each Distribution Period, distribute all (or such lower percentage as determined by the Manager in its absolute discretion) of the Distributable Income of IOIPG REIT. It is the intention of the Manager to distribute at least 90% of IOIPG REIT's Distributable Income on a quarterly basis or such other intervals as the Manager may determine at its absolute discretion. Quarterly basis refers to each consecutive 3-month period in each financial year during the continuance of IOIPG REIT, commencing on and ending on the following dates:
IOIPG REIT may appeal to an investor with long-term investment objectives who seeks regular and stable income distribution and long-term capital appreciation, and who understands the risks related to the real estate industry and REITs.
The following performance indicators may be considered in reviewing the performance of IOIPG REIT:
The ratio of the distribution paid to Unitholders from IOIPG REIT's Distributable Income to the market price of the Units.
NAV represents the Total Asset Value after subtracting all of IOIPG REIT's liabilities and obligations.
The change in market price of the Units over a period of time plus any distributions received during the relevant period.