AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 34 Notes: i. Based on DPU of 5.35 sen (FY2017: 6.00 sen) divided by its closing price as at 31 December 2018 of RM0.81 (FY2017: RM1.07). ii. Total return represents the change in unit price during the year plus distribution yield for the year. iii. Net asset value per unit is determined by deducting the value of all Al-Salām REIT’s liabilities from the total asset value, divided by total issued units. Performance Benchmark i. Distribution Yield (%) ii. Total Returns (%) iii. NAV per unit (after income distribution) (RM) Commentary Distribution yield has increased marginally from 6.0% to 6.6% due to lower closing price of RM0.81 compared to RM1.00 in FY2017. Total return for the financial year was -12.4% (FY2017: -1%) contributed by capital loss of 19% (FY2017: capital loss of 6.5%) plus distribution yield of 6.6% (FY2017: 6.00%). NAV per unit increased by 2% mainly arising from gain on fair value of properties. FY2017 6.0% -1.0% 1.0311 FY2018 6.6% -12.4% 1.0471 Distribution Per Unit (DPU) Total income available for distribution for FY2018 was RM31.9 million (FY2017: RM35.5 million). The Fund had distributed interim income distributions of 3.00 sen per unit amounting approximately RM17.4 million on 9 July 2018, 19 October 2018 and 14 January 2019 respectively. On 30 January 2019, the Manager, declared a final income distribution of 2.35 sen per unit totaling RM13.6 million. The said distribution was paid on 28 February 2018 and has not been included as a liability in the financial statements as of 31 December 2018. Total income distribution for FY2018 is 5.35 sen per unit (FY2017: 6.00 sen) totaling RM31.0 million, which represents 97.4% of the income available for distribution. Statement of Financial Position Al-Salām REIT’s total asset value increased to RM1.16 billion as at 31 December 2018 compared to RM988.8 million in the previous year. The increase of RM167.6millionwas derived fromacquisitionofMydinHypermart Gong Badak of RM155.0 million and gain in fair value of investment properties and capex incurred of RM10.6 million, increase in other assets of RM0.4 million and decrease in cash and bank balances (including ixed deposit) of RM1.6 million. Performance Benchmark