YTL Hospitality REIT
MMYX:YTLREIT0.96
MYR
-0.01
(-1.03%)
ISIN
MYL5109TO002
Return %
Stock
S&P 500
1Y
-14.29
14.20
3Y
-4.95
81.12
5Y
-2.54
68.34
Capital Structure
MYR
•
in mil. unless spec.Working Capital
MYR
•
in mil. unless spec.Growth Rates
MYR
•
in mil. unless spec.Quarterly Revenue
MYR
•
in mil. unless spec.Quarterly Earnings Per Share
MYR
•
in mil. unless spec.Quarterly Dividends Per Share
MYR
•
in mil. unless spec.Company Description
- CEO
- Seok Kah Yeoh
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 33rd Floor, Menara YTL Kuala Lumpur SE Malaysia 55100
- IPO Date
- Dec 16, 2005
- Website
- ytlhospitalityreit.com
- Similar Companies
- Business
- YTL Hospitality REIT (Ticker: 5109.KL) is a Malaysia-based real estate investment trust that owns and invests in a diversified portfolio of prime hotel and hospitality-related properties to provide unitholders with stable cash distributions and long-term unit value growth. Established by a trust deed on 18 November 2005 and listed on the Main Market of Bursa Malaysia Securities Berhad on 16 December 2005 (originally as Starhill Real Estate Investment Trust), the REIT is headquartered at Menara YTL, Kuala Lumpur, Malaysia, and is managed by Pintar Projek Sdn Bhd with Maybank Trustees Berhad as trustee. Its portfolio spans Malaysia, Australia and Japan, comprising high-profile properties such as the JW Marriott Hotel Kuala Lumpur; The Majestic Hotel Kuala Lumpur; The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings); Pangkor Laut Resort; Tanjong Jara Resort; Cameron Highlands Resort; Hotel Stripes Kuala Lumpur; AC Hotels in Kuala Lumpur, Penang, Kuantan, Ipoh and the forthcoming Puchong location; Hilton Niseko Village and The Green Leaf Niseko Village in Japan; Sydney Harbour Marriott Hotel; Brisbane Marriott Hotel; and Melbourne Marriott Hotel in Australia. The REIT operates through two main segments, property rental (primarily long-term master leases) and hotel operations, targeting business, luxury and resort hospitality markets with yield-accretive assets generating recurring rental income. In recent developments, YTL Hospitality REIT expanded its Malaysian portfolio with the acquisition of Hotel Stripes Kuala Lumpur in October 2023; the Ipoh hotel (formerly Syeun Hotel) in April 2024, which underwent refurbishment and relaunched as AC Hotel Ipoh under a 15-year master lease with Prisma Tulin Sdn Bhd (a YTL Corp subsidiary) effective 1 April 2025; and a 180-room hotel in Puchong, Selangor for RM40 million in April 2025, currently under RM12 million renovation for relaunch as AC Hotel Puchong by April 2026 at a projected 7% net property yield. Internationally, the REIT initiated development of Moxy Niseko in Hokkaido, Japan in April 2024, with construction ongoing and opening slated for the second half of fiscal year 2027 at a forecasted 5-6% net property yield. These strategic acquisitions and enhancements, including completed refurbishments of AC Hotels in Kuala Lumpur, Penang and Kuantan, contributed to a 0.9% rise in net property income to RM292.07 million for the financial year ended 30 June 2025, alongside a RM124 million revaluation surplus that uplifted total investment property value to RM5.06 billion. The REIT maintains prudent gearing at 42.8% as at end-fiscal 2025, providing approximately RM621 million in debt headroom for further growth.