The financial performance of real estate investment trusts (REITS) in Malaysia

This study examines the development of Real Estate Investment Trusts (REITs) in Malaysia. In addition, this study also investigates the performance of Malaysian REITs using Net Asset Value approach (NAV) and Dividend Distribution Per Unit (DPU). To achieve the objectives, the performances of 18 REIT...

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Main Author:	Mohamad Hakam Harith, Mohamad Rodzi
Format:	Thesis
Language:	eng eng
Published:	2021
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/10435/1/depositpermission_s826009.pdf https://etd.uum.edu.my/10435/2/s826009_01.pdf
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id	my-uum-etd.10435
record_format	uketd_dc
spelling	my-uum-etd.104352023-03-29T01:33:45Z The financial performance of real estate investment trusts (REITS) in Malaysia 2021 Mohamad Hakam Harith, Mohamad Rodzi Nordin, Norhafiza School of Economics, Finance & Banking School of Economics, Finance & Banking HG Finance This study examines the development of Real Estate Investment Trusts (REITs) in Malaysia. In addition, this study also investigates the performance of Malaysian REITs using Net Asset Value approach (NAV) and Dividend Distribution Per Unit (DPU). To achieve the objectives, the performances of 18 REITs in Malaysia are carefully observed for the period of ten years starting from the year 2010 until the year 2019. Specifically, trend analysis is used to detect any significant trend in REITs’ performance using NAV and DPU. Annual prices for each company are collected from Bursa Malaysia and Bloomberg. Information about the total asset, total liabilities, and the number of shares outstanding are obtained from the 18 REITs' respective annual reports. The findings of the study reveal that not all of the REIT companies show an upward trend. Based on DPU analysis, only seven or 39 percent of the REIT companies demonstrate an upward trend. The other seven companies (39 percent) exhibit a downward trend, while the balance of four companies or 22 percent do not show any significant trend. The DPUs of these four REITs are observed to fluctuate in no consistent specific direction during the ten-year period. As for NAV, four companies which are Al-Aqar Healthcare REIT, Atrium REIT, Pavilion REIT, and UOA REIT exhibit premium NAV for all ten years. The study has also discovered that NAV can be affected by the increase of the companies’ profit and dividend. Results of this study are hoped to help investors and portfolio managers to have better understanding regarding the performance of REITs so that they can make wise investment decision 2021 Thesis https://etd.uum.edu.my/10435/ https://etd.uum.edu.my/10435/1/depositpermission_s826009.pdf text eng staffonly https://etd.uum.edu.my/10435/2/s826009_01.pdf text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Nordin, Norhafiza
topic	HG Finance
spellingShingle	HG Finance Mohamad Hakam Harith, Mohamad Rodzi The financial performance of real estate investment trusts (REITS) in Malaysia
description	This study examines the development of Real Estate Investment Trusts (REITs) in Malaysia. In addition, this study also investigates the performance of Malaysian REITs using Net Asset Value approach (NAV) and Dividend Distribution Per Unit (DPU). To achieve the objectives, the performances of 18 REITs in Malaysia are carefully observed for the period of ten years starting from the year 2010 until the year 2019. Specifically, trend analysis is used to detect any significant trend in REITs’ performance using NAV and DPU. Annual prices for each company are collected from Bursa Malaysia and Bloomberg. Information about the total asset, total liabilities, and the number of shares outstanding are obtained from the 18 REITs' respective annual reports. The findings of the study reveal that not all of the REIT companies show an upward trend. Based on DPU analysis, only seven or 39 percent of the REIT companies demonstrate an upward trend. The other seven companies (39 percent) exhibit a downward trend, while the balance of four companies or 22 percent do not show any significant trend. The DPUs of these four REITs are observed to fluctuate in no consistent specific direction during the ten-year period. As for NAV, four companies which are Al-Aqar Healthcare REIT, Atrium REIT, Pavilion REIT, and UOA REIT exhibit premium NAV for all ten years. The study has also discovered that NAV can be affected by the increase of the companies’ profit and dividend. Results of this study are hoped to help investors and portfolio managers to have better understanding regarding the performance of REITs so that they can make wise investment decision
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Mohamad Hakam Harith, Mohamad Rodzi
author_facet	Mohamad Hakam Harith, Mohamad Rodzi
author_sort	Mohamad Hakam Harith, Mohamad Rodzi
title	The financial performance of real estate investment trusts (REITS) in Malaysia
title_short	The financial performance of real estate investment trusts (REITS) in Malaysia
title_full	The financial performance of real estate investment trusts (REITS) in Malaysia
title_fullStr	The financial performance of real estate investment trusts (REITS) in Malaysia
title_full_unstemmed	The financial performance of real estate investment trusts (REITS) in Malaysia
title_sort	financial performance of real estate investment trusts (reits) in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2021
url	https://etd.uum.edu.my/10435/1/depositpermission_s826009.pdf https://etd.uum.edu.my/10435/2/s826009_01.pdf
_version_	1776103816238727168

The financial performance of real estate investment trusts (REITS) in Malaysia

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